Basic Principal definition

Basic Principal. DISTRIBUTION On any Distribution Date, the excess of (i) the AMOUNT: aggregate principal remittance amount over (ii) the Excess Subordinated Amount, if any.
Sample 1Sample 2Sample 3
Basic Principal. Distribution On any Distribution Date, the excess of (i) the Amount: aggregate principal remittance amount over (ii) the Excess Subordinated Amount, if any.
Sample 1Sample 2

Examples of Basic Principal in a sentence

  • On any Distribution Date, the sum of (i) the Basic Principal Distribution Amount and (ii) the Extra Principal Distribution Amount.

  • The Basic Principal Distribution Amount shall be allocated 99% to the Class II-Q Certificate and 1% to the Class II-A-1, Class II-A-2, Class II-M-1, Class II-M-2 and Class II-B Interests until paid in full.

  • The aggregate amount of the Basic Principal Distribution Amount allocated to the Class II-A-1, Class II-A-2, Class II-M-1, Class II-M-2 and Class II-B Interests shall be apportioned among such classes in the same manner as such amount is payable with respect to the Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificates, respectively.

  • Basic Principal Distribution Amount ----------------------------------- With respect to any Distribution Date and any Group, the amount by which (a) the Principal Remittance Amount for that Group for that Distribution Date exceeds (b) the product of (i) the Overcollateralization Release Amount, if any, for that Distribution Date and (ii) the Allocation Percentage for that Group for that Distribution Date.

  • Notwithstanding the foregoing, 100% of any portion of the Basic Principal Amount that is attributable to an Overcollateralization Release Amount shall be allocated to the Class LT-MF Certificates, Class LT-MV1 Certificates and Class LT-MV2 Certificates, until paid in full, to the extent it relates to the Fixed Rate Group, Adjustable Rate Group I or Adjustable Rate Group II, respectively.

  • Principal Distribution Amount ----------------------------- With respect to any Distribution Date and any Group, the sum of (a) the Basic Principal Distribution Amount for that Group for that Distribution Date and (b) the product of the Extra Principal Distribution Amount for that Distribution Date and the Allocation Percentage for that Group for that Distribution Date.

  • The Basic Principal Amount with respect to Adjustable Rate Group II shall be allocated 99.99% to the Class LT-MV2 Certificates and 0.01% to the Class LT-AV2 Certificates until paid in full.

  • The Basic Principal Amount with respect to Adjustable Rate Group I shall be allocated 99.99% to the Class LT-MV1 Certificates and 0.01% to the Class LT-AV1 Certificates until paid in full.

  • The aggregate amount of the Basic Principal Amount allocated to the Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-M-1, Class II-M-2 and Class II-B Interests shall be apportioned among such classes in the same manner as such amount is payable with respect to the Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class M-1, Class M-2 and Class B Certificates, respectively.

  • Brae Alpha topside facilities process produced fluids from the UKCS8 operated South, Central and West Brae (including Sedgewick) Field reservoirs plus fluids from the Spirit Energy operated Birch, Larch and Sycamore (Trees) Field reservoirs.

Related to Basic Principal

  • Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over the outstanding principal balance specified for such Payment Date on the Expected Amortization Schedule.

  • Monthly Principal is defined in Section 4.1(d).

  • The Principal means the Principal of the College, or the Principal’s authorised representative.

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Note A-2 Principal Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2 received by the Note A-2 Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Liquidation Principal The principal portion of Liquidation Proceeds received with respect to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess of the principal balance thereof) during the Prior Period.

  • Class A Note Initial Principal Balance means $500,000,000.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Class C Note Initial Principal Balance means $18,948,000.

  • First Allocation of Principal means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period; provided, however, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less than the amount that is necessary to reduce the Note Balance of that Class of Class A Notes to zero.

  • Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B Note Initial Principal Balance means $30,822,000.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Class B-2 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-5 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-5 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Class B-1 Principal Balance As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.