Available Principal Proceeds definition

Available Principal Proceeds. With respect to any Payment Date, the amount of Principal Proceeds standing to the credit of the Principal Collection Account as of the Determination Date related to such Payment Date.
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Available Principal Proceeds means, with respect to any payment proposed to be made pursuant to Section 3.8(b)(ii) and any date of determination, (a) the sum of (i) all proceeds of principal and premium in respect of principal owing on any Debt Obligation (or any portion thereof), including any of the foregoing properly attributable to the sale of any Debt Obligation (or any portion thereof), to the extent received by the Borrower at least three Business Days prior to such date of determination and (ii) all proceeds of any Eligible Investments (other than in respect of interest thereon) acquired by the Borrower with any proceeds referred to in the foregoing clause (a), to the extent received by the Borrower at least three Business Days prior to such date of determination minus (b) the sum of (i) all investments in Debt Obligations and Eligible Investments made by the Borrower at least three Business Days prior to such date of determination from proceeds referred to in the foregoing clause (a) plus (ii) all principal of the Loans paid or required to be paid on or prior to such date of determination by the Borrower hereunder plus (iii) all other payments made by the Borrower from Available Principal Proceeds on or prior to such date of determination pursuant to Section 3.8(b)(ii) (and, if made by the Borrower on such date of determination, only to the extent required under Section 3.8(b)(ii) to be paid in priority to the payment proposed to be made).
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Available Principal Proceeds means the EUR Equivalent of all amounts paid, or payable into the Principal Accounts available in each Permitted Currency pursuant to Condition 3(i)(A) (Principal Accounts) from time to time during the relevant Due Period and, with respect to any Payment Date, "Available Principal Proceeds" means the Available Principal Proceeds (as described in the first part of this definition) to be applied in accordance with the Priorities of Payment on such Payment Date together with any other amounts to be disbursed as Available Principal Proceeds on such Payment Date pursuant to the Available Principal Proceeds Priorities of Payment, and, in each case, shall include any other amounts to be disbursed out of the Payment Account as Available Principal Proceeds on such Payment Date pursuant to Condition 3(i) (Accounts).
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Examples of Available Principal Proceeds in a sentence

  • If any amounts of Available Principal Proceeds are applied to pay or provide for a Remaining Senior Interest Deficiency on any Note Payment Date, the Issuer (or the Cash Manager and Calculation Agent on its behalf) will make a corresponding entry in the relevant Principal Deficiency Ledger (see further the section entitled “Key Structural Features – Use of Available Principal Proceeds to fund a Remaining Senior Interest Deficiency”).

  • Principal Deficiency Ledgers A Principal Deficiency Ledger will be established for each Class ofNotes (other than the Class X Notes) to record Default Amounts arising in the immediately preceding Collection Period in respect of the Purchased Loan Receivables and/or the application of Available Principal Proceeds to pay any Remaining Senior Interest Deficiency on a Note Payment Date.

  • Prior to an Enforcement Event, Available Principal Proceeds may beapplied on each Note Payment Date to make payments under the Pre- Acceleration Interest Priority of Payments in an amount equal to any Remaining Senior Interest Deficiency.

  • Priority of Payments, if there is a shortfall in any Principal Deficiency Ledger, Available Interest Proceeds may be applied as Available Principal Proceeds in order to cure such shortfall.Available Interest Proceeds may also be used to redeem the Class X Notes.

  • Available Interest Proceeds and Available Principal Proceeds standing to credit of the Issuer Transaction Account, the Cash Reserve Account and the Liquidity Reserve Account two (2) Business Days before each Note Payment Date shall be transferred to the Issuer Payment Account to be applied in accordance with the relevant Priority of Payments.

  • Principal Deficiency Ledgers A Principal Deficiency Ledger will be established for each Class ofNotes (other than the Class X Notes) to record Default Amounts arising in the immediately preceding Collection Period in respect of Bank Accounts and Cashthe Purchased Loan Receivables and/or the application of Available Principal Proceeds to pay any Remaining Senior Interest Deficiency on a Note Payment Date.

  • Principal Deficiency Ledgers A Principal Deficiency Ledger will be established for each Class ofNotes to record Default Amounts arising in the immediately preceding Collection Period in respect of the Purchased Loan Assets and/or the application of Available Principal Proceeds to pay any Remaining Senior Interest Deficiency on a Note Payment Date.

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  • Application of Available Principal Proceeds to pay Remaining Senior InterestDeficiency Prior to the delivery of an Enforcement Notice, Available PrincipalProceeds may be applied on each Note Payment Date to make payments under the Pre-Acceleration Interest Priority of Payments in an amount equal to any Remaining Senior Interest Deficiency.

  • Principal Deficiency Ledgers A Principal Deficiency Ledger will be established for each Class ofNotes to record Default Amounts occurring in the immediately preceding Collection Period in respect of the Purchased Loan Assets and/or the application of Available Principal Proceeds to pay any Remaining Senior Interest Deficiency on a Note Payment Date.


More Definitions of Available Principal Proceeds

Available Principal Proceeds means an amount equal to the sum of all amounts standing at any time to the notional credit of the Principal Ledger.
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Available Principal Proceeds means the Euro Equivalent of the aggregate Principal Proceeds available in each Permitted Currency.
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Available Principal Proceeds means the aggregate Principal Proceeds available.
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Related to Available Principal Proceeds

  • Principal Proceeds With respect to any Collection Period or Determination Date, all amounts received by the Issuer during the related Collection Period that do not constitute Interest Proceeds and any other amounts that have been designated as Principal Proceeds pursuant to the terms of this Indenture.

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

  • Available Principal With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2019-4 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2019-4 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Net Available Proceeds means:

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections that are allocated to Series 1999-2 in accordance with subsection 4.13(b).

  • Class A Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (iii) of Section 5.7(a) on such Distribution Date.

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Attributable Principal Amount means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease).

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by the Borrower or any of its Subsidiaries from such Equity Issuance after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection with such Equity Issuance.

  • Disposal Proceeds means the proceeds of a Non-Distressed Disposal (as defined in paragraph (b) below).

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after