Class C Monthly Principal definition

Class C Monthly Principal means the monthly principal distributable in respect of the Class C Certificates as calculated in accordance with Section 4.6(c) of the Agreement, as amended hereby by Section 9.

Class C Monthly Principal shall have the meaning specified in subsection 4.3(c).

Class C Monthly Principal means, (A) on any Payment Date other than the Class C Stated Maturity Date, an amount equal to the product of (x) the Class C Percentage and (y) the Monthly Principal and (B) on the Class C Stated Maturity Date, the entire amount of the then outstanding Class C Note Balance.

Examples of Class C Monthly Principal in a sentence

• The “Principal Shortfall” for Series 2009-VFN for any Transfer Date shall equal, the excess, if any, of the sum of any Optional Amortization Amounts, Class A Monthly Principal, Class M Monthly Principal, Class B Monthly Principal and Class C Monthly Principal with respect to such Transfer Date over the amount of Available Principal Collections for such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections).

• Beginning Principal Balance of the Class C Notes $ 11,284,100.90Class C Overdue Interest, If Any$ -Class C Monthly Interest$ 40,810.83Class C Overdue Principal, If Any$ -Class C Monthly Principal $ - Ending Principal Balance of the Class C Notes $ 11,284,100.90 Interest Paid Per $1,000 Original Face $13,870,0002.9423815Principal Paid Per $1,000 Original Face $13,870,0000.0000000Ending Principal Balance Factor0.8135617 VII.

• The “Principal Shortfall” for Series 2009-VFN for any Transfer Date shall equal, the excess, if any, of the sum, without duplication, of any Mandatory Limited Payment Amount, Optional Amortization Amounts, Class A Monthly Principal, Class M Monthly Principal, Class B Monthly Principal and Class C Monthly Principal with respect to such Transfer Date over the amount of Available Principal Collections for such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections).

• If, with respect to a Distribution Date related to any Accumulation Period or Early Amortization Period, the sum of the Class A Monthly Principal, the Class B Monthly Principal and the Class C Monthly Principal is less than the sum of the Class A Adjusted Invested Amount, the Class B Adjusted Invested Amount and the Class C Invested Amount, the amount of such shortfall shall be the Series 2000-1 Principal Shortfall (the "Series 2000-1 Principal Shortfall") with respect to such Distribution Date.

• Class C Monthly Principal $0.00 Page 4 of 7 NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report 3.

More Definitions of Class C Monthly Principal

Class C Monthly Principal is defined in subsection 5.3(d).

Class C Monthly Principal means the monthly principal distributable in respect of the Class C Certificates as calculated in accordance with subsection 4.7(c).

Class C Monthly Principal is defined in Section 4.9(d).

Class C Monthly Principal means that portion of Monthly Principal to be paid to Class C Noteholders on each Payment Date in accordance with Section 8.05 hereof.

Class C Monthly Principal distributable from the Principal Account with respect to the Class C Certificates (i) on each Transfer Date beginning with the first Transfer Date in the month following the month in which the Controlled Amortization Period begins (unless an Early Amortization Period shall have commenced prior to such Transfer Date) shall be the least of: (x) the Class C Pro Rata Percentage of the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (y) the Class C Pro Rata Percentage of the Controlled Payment Amount for such Transfer Date plus the Class C Pro Rata Percentage of the Unfunded Optional Amortization Amount, if any, for such Transfer Date and (z) the Class C Invested Amount (after giving effect to all reductions thereof on such Transfer Date pursuant to Sections 4.12 and 4.14) and (ii) on each Transfer Date beginning with the Transfer Date in the month following the month in which the Early Amortization Period begins, the least of (x) the excess of the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date over the Available Investor Principal Collections applied to Class A Monthly Principal, Class M Monthly Principal and Class C Monthly Principal on such Transfer Date, and (y) the Class C Invested Amount (after giving effect to all reductions thereof on such Transfer Date pursuant to Sections 4.12 and 4.14).

Class C Monthly Principal means the monthly principal distributable in respect of the Class C Notes as calculated in accordance with subsection 5.13(c).

Class C Monthly Principal means the monthly principal to be deposited or distributed in respect of the Class C Investor Interest as calculated in accordance with subsection 4.14(c) hereof.