Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.
Class A Principal Distributable Amount means, with respect to any Distribution Date, the sum of Class A Monthly Principal for such Distribution Date and, in the case of any Distribution Date other than the initial Distribution Date, the Class A Principal Carryover Shortfall as of the close of business on the preceding Distribution Date; provided that the Class A Principal Distributable Amount shall not exceed the Class A Certificate Balance prior to such Distribution Date. In addition, on the Final Scheduled Distribution Date, the Class A Principal Distributable Amount shall include, to the extent not included under the preceding sentence, the amount that is necessary (after giving effect to the other amounts to be deposited in the Class A Distribution Account on such Distribution Date and allocable to principal) to reduce the Class A Certificate Balance to zero.
Class A Principal Distributable Amount means, with respect to any Distribution Date, the amount distributable in respect of principal on the Class A Notes on such Distribution Date which amount shall equal the greater of (i) the outstanding principal amount of the Class A-1 Notes on that Distribution Date (before giving effect to any payments made to Holders of the Class A Notes on that Distribution Date) or (ii) the excess of the principal amount of the Class A Notes immediately prior to that Distribution Date over the lesser of (a) the Class A Principal Percentage of the Aggregate Principal Balance as of the last day of the related Collection Period or (b) the excess of such Aggregate Principal Balance over the Overcollateralization Floor Amount; provided, however, that on any Distribution Date that the Net Chargeoff Percentage exceeds the Sequential Payment Trigger, the Class A Principal Distributable Amount shall equal the lesser of (i) the Aggregate Principal Distributable Amount or (ii) the outstanding principal amount of the Class A Notes; provided, further, that on any Distribution Date on and after the Final Scheduled Distribution Date of any class of Class A Notes, the Class A Principal Distributable Amount will not be less than the amount that is necessary to pay the outstanding principal amount of that class of Class A Notes.
Examples of Class A Principal Distributable Amount in a sentence
To evidence such subrogation, the Note Registrar shall note such Insurer's rights as subrogee upon the Class A Note Register upon receipt from such Insurer of proof of payment by the Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.
To evidence such subrogation, the Certificate Registrar shall note the Certificate Insurer's rights as subrogee upon the register of Class A Certificateholders upon receipt from the Certificate Insurer of proof of payment by the Certificate Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.
To evidence such subrogation, the Trustee shall note the Certificate Insurer's rights as subrogee upon the register of Class A Certificateholders upon receipt from the Certificate Insurer of proof of payment by the Certificate Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.
To evidence such subrogation, the Note Registrar shall note the Class A Insurer's rights as subrogee upon the Class A Note Register upon receipt from the Class A Insurer of proof of payment by the Class A Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.
They are a set of practices that assist health care professionals in minimising the risk of cross infection and providing a basic level of infection control.The precautions support the assumption that all body fluids1 are potentially infectious, therefore all persons are treated equitably when implementing hygiene practices to minimise cross infection and protect everyone.
More Definitions of Class A Principal Distributable Amount
Class A Principal Distributable Amount means, with respect to any Payment Date, an amount equal to the greater of the Outstanding Amount of the Class A-1 Notes and the following:
Class A Principal Distributable Amount means, with respect to any Distribution Date, the Class A Percentage of the Principal Distributable Amount.
Class A Principal Distributable Amount means, with respect to any Distribution Date, the sum of the Class A Percentage of the following amounts (but not exceeding the Class A Certificate Balance as of such Distribution Date): (i) in the case of Precomputed Receivables, the principal portion of all Scheduled Payments due during the related Collection Period, computed in accordance with the actuarial method, (ii) in the case of Simple Interest Receivables, the principal portion of all Scheduled Payments actually received during the related Collection Period, (iii) the principal portion of all Prepayments received during such Collection Period (to the extent such amounts are not included in clauses (i) and (ii) above), and (iv) the Principal Balance of each Receivable that became an Administrative Receivable, a Warranty Receivable or a Defaulted Receivable during such Collection Period (to the extent such amounts are not included in clauses (i), (ii) and (iii) above). In addition, with respect to the Final Scheduled Distribution Date or the Distribution Date upon which all remaining Receivables are to be purchased pursuant to Section 10.02, the Class A Principal Distributable Amount will include the portion of such amount necessary (after giving effect to the other amounts to be distributed to the Class A Certificateholders on such Final Scheduled Distribution Date or Distribution Date and allocable to principal) to reduce the Class A Certificate Balance to zero.
Class A Principal Distributable Amount means, with respect to -------------------------------------- any Distribution Date, the sum of (a) Class A Monthly Principal for such Distribution Date and (b) the Class A Principal Carryover Shortfall for such Distribution Date. In addition, on the Final Scheduled Distribution Date, the Class A Principal Distributable Amount shall include any additional amount required to reduce the Class A Certificate Principal Balance to zero.
Class A Principal Distributable Amount means, with respect to any Distribution Date other than the Final Scheduled Distribution Date, the sum of the Class A Percentage of the sum of the following amounts: (i) the principal portion of all Scheduled Payments (including amounts transferred from the Payahead Account to the Certificate Account to be applied to the principal portion of Scheduled Payments) received during the preceding Collection Period on Rule of 78's Receivables and all payments of principal received on Simple Interest Receivables during such Collection Period; (ii) the principal portion of all prepayments in full received during the preceding Collection Period (including prepayments in full resulting from collections with respect to a Receivable received during the preceding Collection Period plus the transfer of the Payahead Balance with respect to such Receivable to the Certificate Account pursuant to Section 4.6(a)(ii)) (without duplication of amounts included in clause (i) above and clause (iv) below); (iii) the portion of the Purchase Amount allocable to principal of each Receivable that became a Purchased Receivable as of the last day of the preceding Collection Period and, at the option of the [Credit Enhancer], the Principal Balance of each Receivable that was required to be but was not so purchased or repurchased (without duplication of amounts referred to in clauses (i) and (ii) above); (iv) the Principal Balance of each Receivable that first became a Liquidated Receivable during the preceding Collection Period (without duplication of the amounts included in clauses (i) and (ii) above); and (v) the aggregate amount of Cram Down Losses with respect to the Receivables that have occurred during the preceding Collection Period. In addition, on the Final Scheduled Distribution Date, the Class A Principal Distributable Amount will equal the Class A Certificate Balance as of the Final Scheduled Distribution Date.
Class A Principal Distributable Amount means, with respect to any Distribution Date, the sum of: (i) the Class A Monthly Principal Distributable Amount for such Distribution Date, (ii) the Additional Class A Principal Distributable Amount, if any, for such Distribution Date and (iii) the Class A Principal Carryover Shortfall for such Distribution Date; provided, however, that (x) the sum of clauses (i), (ii) and (iii) shall not exceed the outstanding principal amount of the Class A Notes, and (y) on the Final Scheduled Distribution Date, the Class A Principal Distributable Amount will include the amount, to the extent of the remaining Available Funds, necessary (after giving effect to other amounts having a higher payment priority on such Distribution Date) to reduce the outstanding principal amount of the Class A Notes to zero.
Class A Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to the greater of (a) the Outstanding Amount of the Class A-1 Notes immediately prior to such Distribution Date and (b) an amount equal to (i) the Outstanding Amount of the Class A Notes immediately prior to such Distribution Date minus (ii) the lesser of (A) 89.847% of the Pool Balance for such Distribution Date and (B) an amount equal to (1) the Pool Balance for such Distribution Date minus (2) the Overcollateralization Target Amount for such Distribution Date; provided, however, that, unless the Class A Notes have been paid in full, for any Distribution Date as of which the Pool Annualized Net Loss Rate is greater than or equal to 2.50%, the Class A Principal Distributable Amount shall be 100% of the Regular Principal Allocation for such Distribution Date; provided further that, on the Final Scheduled Payment Date of any Class of Class A Notes, the Class A Principal Distributable Amount shall not be less than the amount that is necessary to pay that class of Class A Notes in full; and provided further that the Class A Principal Distributable Amount on any Distribution Date shall not exceed the Outstanding Amount of the Class A Notes on that Distribution Date.