Class D Principal Payment Amount means the lesser of (i) the excess, if any, of (a) the Total Principal Payment Amount over (b) the sum of the Class A Principal Payment Amount, the Class B Principal Payment Amount and the Class C Principal Payment Amount and (ii) the excess, if any, of (a) the Principal Amount of the Class D Notes over (b) the greater of (1) the Class D Target Principal Amount and (2) the Class D Floor, if any; provided, however, that in no event will the Class D Principal Payment Amount exceed the Principal Amount of the Class D Notes.

Class D Principal Payment Amount means, with respect to any Payment Date, an amount (which will not be less than zero) equal to (a) 100% of the Regular Principal Allocation for such Payment Date minus (b) an amount equal to the sum of (i) the Class A Principal Payment Amount for such Payment Date, (ii) the Class B Principal Payment Amount for such Payment Date and (iii) the Class C Principal Payment Amount for such Payment Date; provided, however, that, on the Class D Final Scheduled Payment Date, the Class D Principal Payment Amount shall not be less than the amount that is necessary to pay the Class D Notes in full; and provided, further, that the Class D Principal Payable Amount on any Payment Date shall not exceed the Outstanding Amount of the Class D Notes on that Payment Date.

Class D Principal Payment Amount means (i) zero with respect to any Payment Date prior to the Payment Date on which the Class A-1 Principal Balance is reduced to zero, and (ii) with respect to any Payment Date thereafter, the excess, if any, of (a) the Class D Principal Balance over (b) the greater of (1) the Class D Target Principal Amount and (2) the Class D Floor, if any; provided, however, that in no event will the Class D Principal Payment Amount exceed the Class D Principal Balance.

Examples of Class D Principal Payment Amount in a sentence

Principal payments from amounts on deposit in the Principal Distribution Account on each Payment Date will be allocated among the various classes of Notes in the following order of priority: (1) to the Class A Notes, the Class A Principal Payment Amount; (2) to the Class B Notes, the Class B Principal Payment Amount; (3) to the Class C Notes, the Class C Principal Payment Amount; and (4) to the Class D Notes, the Class D Principal Payment Amount.

More Definitions of Class D Principal Payment Amount

Class D Principal Payment Amount means, with respect to any Payment Date, an amount equal to (a) 100% of the funds available in the Principal Distribution Account for such Payment Date MINUS (b) an amount equal to the sum of (i) the Class A Principal Payment Amount for such Payment Date, (ii) the Class B Principal Payment Amount for such Payment Date and (iii) the Class C Principal Payment Amount for such Payment Date; PROVIDED, HOWEVER, that, on the Final Scheduled Payment Date for the Class D Notes, the Class D Principal Payment Amount will not be less than the amount that is necessary to pay the Class D Notes in full; and PROVIDED, FURTHER, that the Class D Principal Payment Amount on any Payment Date will not exceed the Outstanding Amount of the Class D Notes on such Payment Date.

Class D Principal Payment Amount means, with respect to a Distribution Date, the amount necessary to reduce the Principal Amount of the Class D Notes to the greater of (a) the Class D Target Investor Principal Amount or (b) the Class D Floor.

Class D Principal Payment Amount means, with respect to any Distribution Date and the Class D Notes, the sum of (i) the difference between (A) the Principal Amount of the Class D Notes immediately prior to such Distribution Date, and (B) the product of (x) the Applicable Class Percentage for such Notes and (y) the ADCB for all Contracts held by the Trust as of the last day of the Collection Period immediately preceding such Distribution Date (the amount described in clause (i) being, the "Expected Class D Payment", plus

Class D Principal Payment Amount means, with respect to any Distribution Date and the Class D Notes, (a) $0 until the Principal Amount of the Class A-1 Notes has been paid in full, and (b) thereafter, the lesser of (i) the Principal Amount of the Class D Notes and (ii)(A) prior to the occurrence of any Event of Default, or prior to the occurrence and during the continuance of a Restricting Event, the difference between (1) the Principal Amount of the Class D Notes immediately prior to such Distribution Date, and (2) the product of (x) the Class D Percentage and (y) the ADCB for all Contracts held by the Trust as of the last day of the Collection Period immediately preceding such Distribution Date and (B) following the occurrence of an Event of Default, or following the occurrence and during the continuance of a Restricting Event, (1) until the Principal Amount of the Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes has been paid in full, $0 and (2) thereafter, all remaining Available Amounts after payment has been made in accordance with Section 7.05(b)(i)-(xiii).

Class D Principal Payment Amount means (i) zero with respect to any Payment Date prior to the later of (a) the Payment Date in June 1999 or (b) the Payment Date on which the Class A-1 Principal Balance is reduced to zero, and (ii) with respect to any Payment Date thereafter, the excess, if any, of (a) the Class D Principal Balance over (b) the greater of (1) the Class D Target Principal Amount and (2) the Class D Floor, if any; provided, however, that in no event will the Class D Principal Payment Amount exceed the Class D Principal Balance.