Available Principal Funds definition

Available Principal Funds. As to any Distribution Date, the aggregate of all previously undistributed amounts received by the Trustee on or prior to such Distribution Date as distributions of principal on the Deposited Underlying Certificates, reduced by the sum of expenses and liabilities reimbursable to the Depositor pursuant to Section 6.03 hereof and any taxes imposed on the Trust Fund to be paid from amounts otherwise distributable to Certificateholders pursuant to Section 5.12 hereof (in each case, that have not been previously paid by a reduction of Available Principal Funds).

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Available Principal Funds means all amounts received from the Underlying Securities Issuer or the Underlying Securities Guarantor with respect to principal of the Underlying Securities on the Final Scheduled Distribution Date or any other date.

Available Principal Funds means on any Notes Calculation Date the sum of the following amounts as being received during (or in respect of) the Notes Calculation Period preceding such Notes Calculation Date:

Examples of Available Principal Funds in a sentence

Notwithstanding the priorities set forth in this Section 3.04(b), on each Distribution Date on and after the Underlying Senior Credit Support Depletion Date, Available Principal Funds will be distributed concurrently, as principal to the Classes and Components of Certificates, pro rata, in accordance with their respective Class Certificate Balances and Component Balances immediately before that Distribution Date.
On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A Certificates on the last day of the related Collection Period.
On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2004-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2004-A Certificates on the last day of the related Collection Period.
On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the [•] Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the [•] Certificates on the last day of the related Collection Period.
The Borrower shall, upon the terms and subject to the conditions of the Series 2000-1 Supplement, from Available Principal Funds, repay in full the unpaid principal amount of each of the Advances upon the Maturity Date.

More Definitions of Available Principal Funds

Available Principal Funds means on any Notes Payment Date, the aggregate amount as being received or held during the immediately preceding Notes Calculation Period:

Available Principal Funds means, prior to the delivery of an Enforcement Notice by the Security Trustee, the sum of the following amounts, calculated on any Notes Calculation Date, as being received during the immediately preceding Notes Calculation Period or on the immediately succeeding Notes Payment Date;

Available Principal Funds means on a Calculation Date an amount equal to the aggregate of (without double counting):

Available Principal Funds means an amount equal to the Floating Rate Available Principal

Available Principal Funds shall have the meaning specified in the first paragraph of Section 4.9 of the Agreement, as amended hereby by Section 9.

Available Principal Funds means the sum of the following amounts calculated on any Notes Calculation Date as being received during (or in respect of) the second preceding Mortgage Calculation Period prior to such Notes Calculation Date (or such other date as set out below):

Available Principal Funds. With respect to each Distribution Date, the excess, if any, of (a) the sum of the Principal Proceeds and the Extra Principal Distribution Amount for such Distribution Date, over (b) the Overcollateralization Release Amount for such Distribution Date.