Daily Principal Shortfall definition
Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.
Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date
Daily Principal Shortfall means, on any date of
More Definitions of Daily Principal Shortfall
Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the amount of Principal Collections processed to date for such Monthly Period allocable to all Applicable Series in Group One, which is not subject to reallocation and which are credited or to be credited in the Principal Collection Ledger on such date;
Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One which are in an Amortization Period or an Accumulation Period, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date; provided, however, that the amount of Collections processed in respect of Principal Receivables for each such Series shall not include any amounts in excess of the amount of the Group One Monthly Principal Payment related to such Series.
Daily Principal Shortfall means, on any date of determination, the excess of the Shared Monthly Principal Payment for the Monthly Period relating to such date over the amount of Principal Collections which are retained or to be retained in the undivided Principal Collections Ledger in respect of Principal Collections processed to date for such Monthly Period Provided, however, that a reference to ‘‘Series 2007-1’s pro rata share of the Daily Principal Shortfall’’ shall be an amount calculated as equal to the product of (a) a fraction the numerator of which is the Series 2007-1 Investor Interest and the denominator of which is the aggregate Investor Interest of all Outstanding Issuance in Group One (including the Series 2007-1 Investor Interest) and (b) the Daily Principal Shortfall; ‘‘Deed of Charge’’ shall have the meaning specified in the Series 2007-1 Associated Debt Prospectus;
Daily Principal Shortfall means, on any
Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the amount of Principal Collections processed to date for such Monthly Period allocable to all Applicable - 38 -
Daily Principal Shortfall means, on any date of determination, the excess of: