Available Principal Receipts definition

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

Available Principal Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):

Available Principal Receipts means, for each Interest Payment Date, an amount equal to the aggregate of (without double counting):

Examples of Available Principal Receipts in a sentence

• The Cash Manager may only transfer funds from the GIC Account to the Transaction Account on an Interest Payment Date for such purpose and no amounts may remain standing to the credit of the Transaction Account following the application of Available Revenue Receipts and Available Principal Receipts in accordance with the Pre-Acceleration Revenue Priority of Payments and the Pre-Acceleration Principal Priority of Payments on any Interest Payment Date.

• On each Interest Payment Date, the Cash Manager will transfer amounts standing to the credit of the GIC Account (to the extent required to constitute Available Revenue Receipts and Available Principal Receipts on such Interest Payment Date) to the Transaction Account for application by the Issuer (or the Cash Manager on its behalf) in accordance with the Pre-Acceleration Revenue Priority of Payments and the Pre-Acceleration Principal Priority of Payments on such Interest Payment Date.

• On each Trust Payment Date following the service of a Notice to Pay on the Covered Bond Guarantor (but prior to the service of a Covered Bond Guarantee Acceleration Notice and/or the commencement of winding-up proceedings against the Trust and/or the realisation of the Security), the Covered Bond Guarantor will apply Available Revenue Receipts and Available Principal Receipts in accordance with the Guarantee Priority of Payments.

• On each Trust Payment Date the Covered Bond Guarantor will apply Available Revenue Receipts and Available Principal Receipts to redeem or repay in part the relevant Series of Covered Bonds, to the extent a) due and payable and; b) that the Covered Bond Guarantor has sufficient moneys available to make such payments in accordance with the Guarantee Priority of Payments.

• The Cash Manager shall (unless the intended recipient of the relevant payment agrees otherwise) on each Distribution Date, withdraw Cash from the Mortgages Trustee GIC Account (to the extent only that such withdrawal does not cause the Mortgages Trustee GIC Account to become overdrawn) in an aggregate amount equal to the Mortgages Trust Available Principal Receipts on each Distribution Date to make the payments in the order of priority set out in clause 14 of the Mortgages Trust Deed.

More Definitions of Available Principal Receipts

Available Principal Receipts means the amount of Issuer Available Principal Receipts allocable to the Class A Notes on each Note Payment Date that is a Transfer Date.

Available Principal Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):(a) all Principal Receipts or, if in a Determination Period, any Calculated Principal Receipts, in each case excluding an amount equal to any Reconciliation Amounts to be applied as Available Revenue Receipts on that Interest Payment Date, received by the Issuer during the immediately preceding Collection Period;(b) the amounts (if any) calculated on the Calculation Date preceding that Interest Payment Date by which the debit balance of each of the Class A Principal Deficiency Sub-Ledger and/or the Class B Principal Deficiency Sub-Ledger and/or the Class C Principal Deficiency Sub-Ledger and/or the Class D Principal Deficiency Sub-Ledger and/or the Class E Principal Deficiency Sub-Ledger and/or the Class F Principal Deficiency Sub-Ledger and/or the Class Z Principal Deficiency Sub-Ledger is to be reduced on that Interest Payment Date pursuant to items (h), (j), (l), (n), (p), (r) and (w) of the Pre-Enforcement Revenue Priority of Payments (together, "PDL Cure Amounts");(c) from and including (i) the Optional Redemption Date or (ii) any date on which the Notes are redeemed pursuant to Condition 8.3 (Mandatory Redemption of the Notes in Full) or Condition 8.4 (Mandatory Redemption of the Notes for Taxation or Other Reasons), any Available Revenue Receipts applied as Available Principal Receipts in accordance with item (v) of the Pre- Enforcement Revenue Priority of Payments;(d) the Liquidity Reserve Fund Excess Amount on such Interest Payment Date;(e) on the Final Senior Notes Redemption Date only, all amounts standing to the credit of the Liquidity Reserve Fund (after first having applied any Liquidity Reserve Fund Drawings to meet any Senior Revenue Deficit on the Final Senior Notes Redemption Date); and(f) on each Interest Payment Date following a Determination Period, any Reconciliation Amounts deemed to be Available Principal Receipts in accordance with Condition 6.8(c) (Determinations and Reconciliation)."Principal Receipts" means (without double-counting): (a) principal repayments under the Mortgage Loans; (b) the proceeds of the repurchase of a Mortgage Loan by the Seller from the Issuer (other than amounts comprising the Optional Purchase Price received by the Issuer pursuant to the exercise of the Call Option) in an amount equal to the Current Balance in respect of such Mortgage Loan (or, where a Borrower hasexercised a right of set-off or in the case ...

Available Principal Receipts means, in respect of a Payment Date (including, for the avoidance of doubt, the Final Maturity Date), the amount calculated on the relevant Calculation Date being the sum of the following amounts:

Available Principal Receipts means for any Interest Payment Date:

Available Principal Receipts means, in respect of any particular date, the aggregate amount of Amortisation Receipts, Prepayment Redemption Receipts, Final Redemption Receipts and Principal Recovery Receipts then credited to the Transaction Account (but less any amount of principal required to be applied towards the payment of any Liquidation Fees or Workout Fee);

Available Principal Receipts means the amount of Issuer Available Principal Receipts allocable to the Class A Notes on each Note Payment Date corresponding to a Transfer Date.

Available Principal Receipts means payments received by the Issuer representing Sequential Principal Receipts or Pro Rata Principal Receipts, appearing in the record of the Pro Rata Principal Receipts and Sequential Principal Receipts attributable to a Purchased Security as maintained by the Cash Manager in accordance with the Cash Management Agreement;