Excess Principal has the meaning given that term in Section 2.4(c).
Excess Principal has the meaning set forth in Section 2.4(c) of the Contribution Agreement.
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
Principal Balance of any Asset exceeds the Cut-Off Date Unpaid Principal Balance of such Asset (such excess, the “Excess Principal”), the Private Owner shall be liable to the Transferor for an amount equal to the Adjustment Percentage multiplied by the Excess Principal.
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 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. 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 has the meaning given that term in Section 2.4(c). “Excluded Liabilities” has the meaning given that term in Section 2.2.
Excess Principal has the meaning set forth in Section 4.14.
Excess Principal means any principal under the ANB Bank Debt in excess of the Principal Cap.