Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).
Collateral Monthly Principal shall have the meaning specified in Section 4.3(c).
Collateral Monthly Principal means the monthly
Examples of Collateral Monthly Principal in a sentence
During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or Excess Collateral Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.
The amount of the current monthly distribution in respect of Collateral Monthly Principal.....
Collateral Monthly Principal to be applied in accordance with the Loan Agreement........$ 0.00 ------------- P.
On and after the Transfer Date immediately preceding the Distribution Date on which the Class B Invested Amount will be paid in full, and on each Distribution Date thereafter until the Excess Collateral Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Excess Collateral Holder from the Distribution Account such amounts deposited with respect to Excess Collateral Monthly Principal into the Distribution Account on such Transfer Date.
Collateral Monthly Principal to be applied in accordance with the Loan Agreement.................$ 0.00 ------------- P.
More Definitions of Collateral Monthly Principal
Collateral Monthly Principal means (a) with respect to any Transfer Date relating to the Revolving Period following any reduction of the Required Collateral Interest pursuant to clause (3) of the proviso in the definition thereof an amount equal to the lesser of (i) the excess, if any, of the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments thereto for the benefit of the Class A Certificateholders and the Class B Certificateholders on such Transfer Date) over the Required Collateral Interest on such Transfer Date, and (ii) the Available Investor Principal Collections on such Transfer Date or (b) with respect to any Transfer Date relating to the Controlled Accumulation Period or Rapid Amortization Period an amount equal to the lesser of (i) the excess, if any, of the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments thereto for the benefit of the Class A Certificateholders and the Class B Certificateholders on such Transfer Date) over the Required Collateral Interest on such Transfer Date, and (ii) the excess, if any, of (A) the Available Investor Principal Collections on such Transfer Date over (B) the sum of the Class A Monthly Principal and the Class B Monthly Principal for such Transfer Date.
Collateral Monthly Principal is defined in subsection 4.9(c).
Collateral Monthly Principal shall have the meaning specified in ---------------------------- Section 4.05 of the Agreement.
Collateral Monthly Principal shall have the meaning specified in SECTION 4.03(c).
Collateral Monthly Principal means (a) with respect to any Transfer ---------------------------- Date relating to the Revolving Period, following any reduction of the Required Collateral Interest effected as described in clause (x) of the proviso of the definition of "Required Collateral Interest", an amount equal to the lesser of (x) the Collateral Interest Surplus as of such Transfer Date and (y) the Available Investor Principal Collections on such Transfer Date, (b) with respect to any Transfer Date relating to the Controlled Accumulation Period or the Rapid Amortization Period, as the case may be, an amount equal to the lesser of (x) the Collateral Interest Surplus as of such Transfer Date and (y) the excess, if any of (i) the Available Investor Principal Collections over (ii) the sum of the Class A Monthly Principal and the Class B Monthly Principal on such Transfer Date.
Collateral Monthly Principal means (a) with respect to any Transfer ---------------------------- Date relating to the Revolving Period, following any reduction of the Required Collateral Interest effected by a reduction of the Required Collateral Percentage as described in the definition of "Required Collateral Percentage", an amount equal to the lesser of (x) the Collateral Interest Surplus as of such Transfer Date and (y) the Available Investor Principal Collections on deposit in the Principal Account with respect to the related Monthly Period, or (b) with respect to any Transfer Date relating to the Controlled Accumulation Period or the Rapid Amortization Period, as the case may be, an amount equal to the lesser of (x) the Collateral Interest Surplus as of such Transfer Date and (y) the excess, if any of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to the related Monthly Period over (ii) the sum of the Class A Monthly Principal and the Class B Monthly Principal on such Transfer Date.
Collateral Monthly Principal means (a) with respect to any Distribution Date relating to the Revolving Period following any reduction of the Required Enhancement Amount pursuant to clause (z) of the proviso in the definition thereof, any Optional Deposit pursuant to subsection 4.16(g) or otherwise at the option of the Transferor, an amount equal to the lesser of (i) the excess, if any, of the sum of the Collateral Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and Reallocated Principal Collections on such Distribution Date and after giving effect to any adjustments thereto for the benefit of the holders of the Series 1997-1 Certificates on such Distribution Date) and the amount on deposit in the Cash Collateral Account (after giving effect to any deposits to be made therein or withdrawals to be made therefrom on such Distribution Date) over the Required Enhancement Amount on such Distribution Date, and (ii) the Available Principal Collections on such Distribution Date or (b) with respect to any Distribution Date relating to the Controlled Accumulation Period an amount equal to the lesser of (i) the excess, if any, of the sum of the Collateral Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and Reallocated Principal Collections on such Distribution Date and after giving effect to any adjustments thereto for the benefit of the holders of the Series 1997-1 Certificates on such Distribution Date) and the amount on deposit in the Cash Collateral Account (after giving effect to any deposits to be made therein on such Distribution Date) over the Required Enhancement Amount on such Distribution Date, and (ii) the excess, if any, of (A) the Available Principal Collections on such Distribution Date over (B) the lesser of (x) the Controlled Deposit Amount and (y) the sum of the Class A Adjusted Invested Amount and the Class B Adjusted Invested Amount for such Distribution Date.