Class A Principal Payment definition

Class A Principal Payment. (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the June 1998 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the difference between (A) the Discounted Present Value of the Performing Leases as of the previous Determination Date and (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, and (ii) on the June 1998 Payment Date and thereafter, the entire Outstanding Principal Amount on the Class A-1 Notes, and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount.

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Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the [Month/Year] Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the difference between (A) the Discounted Present Value of the Performing Leases as of the Determination Date for the preceding Payment Date and (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, and (ii) on the [Month/Year] Payment Date and thereafter until the Class A-1 Notes have been paid in full, the entire Outstanding Principal Amount on the Class A-1 Notes, and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment means each payment to the Class A Noteholders under clause 6.20(b)(v).

Examples of Class A Principal Payment in a sentence

Notwithstanding the prioritization of the payment of the Class A Principal Payment Amount pursuant to clause (viii) above, if the aggregate Note Balance of the Class A Notes exceeds the Pool Principal Balance for that Payment Date, the payment pursuant to clause (viii) above will be made pro rata based on the Note Balances of the Class A Notes.
Notwithstanding the prioritization of the payment of the Class A Principal Payment Amount pursuant to clause (vi) above, if the aggregate Note Balance of the Class A Notes exceeds the Pool Principal Balance for that Payment Date, the payment pursuant to clause (vi) above will be made pro rata based on the Note Balances of the Class A Notes.
However, if the Accumulation Period Length (determined as described below) is less than 12 months, the date on which the Controlled Accumulation Period actually commences will be delayed to the first Business Day of the month that is the number of whole months prior to the Expected Class A Principal Payment Date at least equal to the Accumulation Period Length and, as a result, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Accumulation Period Length.
The Class A Principal Payment Account......................................54 SECTION 3.08.
During the Amortization Period, the Class A Principal Payment Amount will be paid on each Principal Payment Date, and the Class B Principal Payment Amount will be paid on each Principal Payment Date after the Class A Principal Payment Amount with respect to such Principal Payment Date has been paid in full.

More Definitions of Class A Principal Payment

Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the January 2000 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the Monthly Principal Amount, and (ii) on the January 2000 Payment Date, the entire Outstanding Principal Amount on the Class A-1 Notes and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount of the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the January 1999 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the Monthly Principal Amount, and (ii) on the January 1999 Payment Date, the entire Outstanding Principal Amount on the Class A-1 Notes and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment. As to any Payment Date the amount necessary to reduce the Class A Principal Balance to the Class A Target Investor Principal Amount for such Payment Date.

Class A Principal Payment. As to any Payment Date, the excess of (x) the Class A Principal Balance immediately prior to such Payment Date over (y) the lesser of (A) the Class A Target Investor Principal Amount and (B) the excess of (1) the Aggregate Contract Principal Balance as of related Calculation Date over (2) the Class D Floor.

Class A Principal Payment means the principal amount payable to the Class A Noteholders on each Payment Date.

Class A Principal Payment. With respect to any Payment Date, [the Class A Percentage of the positive difference between the Aggregate Contract Principal Balance as of the Calculation Date in second preceding month and the Aggregate Contract Principal Balance as of the Calculation Date for the current Payment Date.]

Class A Principal Payment. ACCOUNT: the account by that name established and maintained by the Trustee pursuant to Section 3.01.