Class A Principal Deficiency Sub Ledger definition

Class A Principal Deficiency Sub Ledger means, in relation to any Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such Issuer corresponding to the Class A Notes issued by such Issuer;
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Class A Principal Deficiency Sub Ledger means the sub-ledger of the Principal Deficiency Ledger relating to the Class A Notes;
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Class A Principal Deficiency Sub Ledger means, in relation to any Funding Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such Issuer corresponding to the Class A Notes issued by such Issuer;
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Examples of Class A Principal Deficiency Sub Ledger in a sentence

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts20 820 624,86EUR-EUR615 819,40 EUR21 436 444,26EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF RAHOITUSPALVELUT VIII DACMonthly Investor Report 4.

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts4 350 367,33EUR-EUR- EUR4 350 367,33EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF Rahoituspalvelut VII DACMonthly Investor Report 4.

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts7 138 308,34EUR-EUR- EUR7 138 308,34EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF Rahoituspalvelut VII DACMonthly Investor Report 4.

  • Then once the balance on the Class A Principal Deficiency Sub Ledger is reduced to nil and interest due on the Class B Notes has been paid (in accordance with the Pre-Enforcement Revenue Priority of Payments), Available Revenue Funds shall be applied to reduce to nil the balance on the Class B Principal Deficiency Sub Ledger.The Account Bank AgreementThe Issuer, the Security Trustee and the Account Bank will, on the Closing Date, enter into the Account Bank Agreement.

  • The Principal Deficiency Ledger will comprise two sub-ledgers: the Class A Principal Deficiency Sub- Ledger (relating to the Class A Notes) and the Class B Principal Deficiency Sub-Ledger (relating to both the Class B1 VFN and the Class B2 VFN).

  • Then, once the balance on the Class A Principal Deficiency Sub Ledger is reduced to nil and interest due on the Class B Notes has been paid (in accordance with the Pre-Acceleration Revenue Priority of Payments), Available Revenue Receipts will be applied to reduce to nil the balance of the Class B Principal Deficiency Sub Ledger.


More Definitions of Class A Principal Deficiency Sub Ledger

Class A Principal Deficiency Sub Ledger means the sub-ledger of the Issuer Principal Deficiency Ledger corresponding to the Class A Notes issued by the Issuer.
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Related to Class A Principal Deficiency Sub Ledger

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.