Excess Principal definition

Excess Principal has the meaning given that term in Section 2.4(c).

Excess Principal has the meaning given in Section 2.3(b).

Excess Principal. With respect to any Sub-Pool and for a particular Remittance Date, the lesser of (i) the portion, if any, of the Available Principal Amount for such Sub-Pool that is not required to be included in the related Class A Principal Remittance Amount for such Sub-Pool for such Remittance Date as a result of the application of clause (a) of the definition of Class A Principal Remittance Amount and (ii) the amount of such portion described in clause (i) remaining after the application of the related Available Remittance Amount to cover the Required Payments for such Sub-Pool.

Examples of Excess 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 CIA Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• 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.

• Excess Principal Collections allocable from other Series deposited to the Series 1996-2 Collection Account for distribution to Certificateholders $0.00 5.

• Excess Principal Collections allocable from other Series deposited to the Series 1994-3 Collection Account for distribution to Certificateholders $0.00 5.

• Any Excess Principal Funding Investment Proceeds shall be included as Available Investor Finance Charge Collections for such Transfer Date.

More Definitions of Excess Principal

Excess Principal has the meaning given in Section 2.3(b). “Failed Bank” has the meaning given in the first recital.

Excess Principal has the meaning set forth in Section 2.4(c) of the Contribution Agreement.

Excess Principal has the meaning set forth in Section 2.4(c) of the Transfer Agreement.

Excess Principal has the meaning set forth in Section 2.4(c) of the Transfer Agreement. “Excess Working Capital Advance” has the meaning set forth in Section 5.5 of the LLC Operating Agreement.

Excess Principal shall have the meaning provided in Section 2.9 herein. ----------------

Excess Principal. With respect to any Group and for a particular Payment Date, the excess, if any, of (a) the amount described in the related definition of Class A Principal Remittance Amount without giving effect to clauses (a) and (b) thereof over (b) the amount described in the related definition of Class A Principal Remittance Amount after giving effect to clauses (a) and (b) thereof.

Excess Principal means, as of any date during any Collection Period, Collections then on deposit in the Collection Account constituting payments of principal on the Receivables that, when added to all other Available Funds then on deposit in the Collection Account (excluding Excess Interest), exceed those amounts necessary to make all payments required to be made on the next following Payment Date pursuant to Section 2.05(c)(i)(A), as specified in the related Monthly Remittance Report (but excluding such payments with respect to which amounts have been set aside in the Waterfall Account pursuant to Section 2.05(b)).