Class A Monthly Principal definition

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).

Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

Class A Monthly Principal means, with respect to any Distribution Date, the Class A Percentage of Available Principal for such Distribution Date plus the Class A Percentage of Realized Losses with respect to the related Collection Period.

Examples of Class A Monthly Principal in a sentence

• Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2.

• During the Rapid Amortization Period, in addition to Class A Monthly Interest, Class A Monthly Principal will be distributed to the Class A Certificateholders on each Distribution Date commencing in the month following the commencement of the Rapid Amortization Period until the Class A Certificates have been paid in full.

• During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or CIA Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or Excess Collateral Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• If the aggregate principal amount of deposits made to the Principal Funding Account are insufficient to pay in full the Class A Invested Amount on the Class A Scheduled Payment Date the Rapid Amortization Period will commence and on each Distribution Date thereafter until the Class A Invested Amount is paid in full, the Class A Certificateholders will receive distributions of Class A Monthly Principal and Class A Monthly Interest.

More Definitions of Class A Monthly Principal

Class A Monthly Principal means the sum of Class A-1 Monthly Principal, Class A-2 Monthly Principal, Class A-3 Monthly Principal and Class A-4 Monthly Principal.

Class A Monthly Principal means the monthly

Class A Monthly Principal is defined in subsection 4.9(a).

Class A Monthly Principal shall have the meaning specified in ------------------------- Section

Class A Monthly Principal is defined in subsection 5.3(a).

Class A Monthly Principal means for any Payment Date the sum of the Class A-1 Monthly Principal, the Class A-2 Monthly Principal, the Class A-3 Monthly Principal and the Class A-4 Monthly Principal due or payable on that Payment Date.

Class A Monthly Principal means, with respect to each Transfer Date ------------------------- relating to the Controlled Accumulation Period or the Rapid Amortization Period, prior to the payment in full of the Class A Investor Interest, an amount equal the least of (i) Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Controlled Accumulation Period, prior to the Class A Scheduled Payment Date, the applicable Controlled Deposit Amount for such Transfer Date, and (iii) the Class A Adjusted Investor Interest prior to any deposits on such Transfer Date.