Class A Target Principal Amount definition

Class A Target Principal Amount means, with respect to any Payment Date, the product of (i) the Class A Percentage and (ii) the Contract Pool Principal Balance as of the related Accounting Date.
Class A Target Principal Amount means:
Class A Target Principal Amount means, with respect to any Payment Date or the immediately preceding Cut-Off Date, an amount equal to the least of (a) the Class A Principal Amount as of that Cut-Off Date, (b) the excess (if any) of (i) the Aggregate Outstanding Loan Principal Amount as of that Cut-Off Date over (ii) the Class B Principal Amount as of that Cut-Off Date and (c) the Class A Target Principal Amount with respect to the next preceding Payment Date;

Examples of Class A Target Principal Amount in a sentence

  • No rights are conferred on any person under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Notes or these Conditions, but this does not affect any right or remedy of any person which exists or is available apart from that Act.APPENDIX The following Class A Target Principal Amount assumes a Class A initial Principal Amount Outstanding of £2,300,000,000 as of the Closing Date.

  • REDEMPTION 5.1 Amortisation Subject to the limitations set forth in Note Condition 2.5 (Limited recourse and non petition) and, in particular, subject to the Issuer Post-Enforcement Priority of Payments, on each Payment Date,the Notes will be subject to redemption in accordance with the Issuer Pre-Enforcement Priority of Payments sequentially in the following order: first the Class A Notes up to the Class A Target Principal Amount and thereafter the Class B Notes up to the Class B Target Principal Amount.

  • Subject to the limitations set forth in Note Condition 2.5 (Limited recourse and non petition) and, in particular, subject to the Post-Enforcement Priority of Payments, on each Payment Date, the Notes will be subject to redemption in accordance with the Pre-Enforcement Priority of Payments sequentially in the following order: first the Class A Notes up to the Class A Target Principal Amount and thereafter the Class B Notes up to the Class B Target Principal Amount.


More Definitions of Class A Target Principal Amount

Class A Target Principal Amount means, as of any PAYMENT DATE, (a) unless no PRINCIPAL DEFICIENCYTRIGGER EVENT has occurred, the excess (if any) of (i) the AGGREGATE OUTSTANDING PRINCIPAL AMOUNT (as calculated by the Servicer) as of the CUT- OFF DATE immediately preceding such PAYMENT DATE over (ii) the CLASS B PRINCIPAL AMOUNT outstanding as of the CUT-OFF DATE immediately preceding such PAYMENT DATE, as calculated by the CALCULATION AGENT or (b) in case a PRINCIPAL DEFICIENCY TRIGGER EVENT has occurred as of such PAYMENT DATE, zero;
Class A Target Principal Amount means, as of any Payment Date, (i) if no Accelerated Amortisation Event has occurred on the related Calculation Date (or there has been a Waiver of such Accelerated Amortisation Event), the excess (if any) of (a) the Adjusted Aggregate Asset Amount Outstanding as of the Calculation Date immediately preceding such Payment Date over(b) the Aggregate Note Principal Amount Outstanding of the Class B Notes as of the Calculation Date immediately preceding such Payment Date (such excess amount, the "Regular Class A Target Amount") or (ii) if an Accelerated Amortisation Event exists on such Calculation Date (and there has not been a Waiver of such Accelerated Amortisation Event), the Regular Class A Target Amount minus an amount equal to the aggregate of (a) the amount (if any) which would be payable on such Payment Date by the Issuer in respect of the Subordinated Loan in the absence of a continuing Accelerated Amortisation Event and (b) the amount (if any) of Deferred Consideration which would be payable to the Seller on such Payment Date in the absence of a continuing Accelerated Amortisation Event;
Class A Target Principal Amount means, with respect to any Payment Date or the immediately preceding Cut-Off Date:
Class A Target Principal Amount means, in respect of each Payment Date an amount, calculated on the immediately preceding Calculation Date, equal to the lesser of (a) the Principal Amount Outstanding of the Class A Notes as of such Calculation Date, and (b) the excess (if any) of the Outstanding Principal of all Claims (other than Defaulted Claims) as of the immediately preceding Collection Date over the aggregate of the Principal Amount Outstanding of the Class B Notes and the Principal Amount Outstanding of the Class C Notes as of such Calculation Date.
Class A Target Principal Amount means, with respect to any Distribution Date, the product of (a) the Class A Percentage and (b) the ADCB for all Contracts held by the Trust as of the last day of the Collection Period immediately preceding such Distribution Date.

Related to Class A Target Principal Amount

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.