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 date of determination, the excess of the 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, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date. "Deficiency Amount" shall mean, at any time of determination, the sum of the Class A Deficiency Amount and the Class B Deficiency Amount. "Distribution Date" shall mean May 17, 1999 and the fifteenth day of each calendar month thereafter, or if such fifteenth day is not a Business Day, the next succeeding Business Day. "Excess Principal Funding Investment Proceeds" shall mean, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date exceed the Covered Amount determined on such Transfer Date. "Excess Spread" shall mean, with respect to any Transfer Date, the sum of the amounts with respect to such Transfer Date, if any, specified pursuant to subsections 4.9(a)(iv), 4.9(b)(iii) and 4.9(c)(ii). "Finance Charge Shortfall" shall mean, with respect to any Transfer Date, the excess, if any, of the amount distributable pursuant to subsections 4.11(a)-(j) over Excess Spread. "Fixed Investor Percentage" shall mean, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is the greater of (a) the sum of (i) the aggregate amount of Principal Receivables in the Trust determined as of the close of business on the last day of the prior Monthly Period and (ii) the Excess Funding Amount as of the close of business on such last day of the prior Monthly Period and (b) the sum of the numerators used to calculate the Investor Percentages (as such term is defined in the Agreement) for allocations with respect to Principal Receivables for all outstanding Series on such date of determination; provided, however, that with respect to any Monthly Period in which an Addition Date occurs or in which a Removal Date occurs, the denominator determined pursuant to clause (a)(i) hereof shall be (A) the aggregate amount of Principal Receivables in the Trust as of the close of business on the last day of the...
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: