Guaranteed Principal Payment Amount for each Class of Notes means:
Guaranteed Principal Payment Amount. With respect to any Payment Date, other than the Dissolution Payment Date, the amount, if any, by which the Aggregate Security Balance (after giving effect to all amounts allocable and distributable to principal on the Securities on such Payment Date) exceeds the sum of (A) the Pool Balance plus (B) all amounts on deposit in the Funding Account on such date (after giving effect to all withdrawals therefrom and deposits thereto pursuant to Sections 8.02(b) and 8.02(c) of the Indenture on such Payment Date). With respect to the Payment Date in ________ 20__, if such Payment Date is not a Dissolution Payment Date, the amount, if any, by which the aggregate of the Security Balances (after giving effect to all amounts allocable and distributable to principal on the Securities) exceeds the amount on deposit in the Payment Account available to be paid as principal on the Securities (after giving effect to all amounts allocable and distributable as principal on the Securities on such date).]
Guaranteed Principal Payment Amount means for each Class of Notes:
Examples of Guaranteed Principal Payment Amount in a sentence
The Payment Amount consists of: (check as appropriate) [the Guaranteed Interest Payment Amount] in the amount of $___________ [the Guaranteed Principal Payment Amount] in the amount of $___________.
More Definitions of Guaranteed Principal Payment Amount
Guaranteed Principal Payment Amount has the meaning given to it in the Adoption Annex.
Guaranteed Principal Payment Amount for the Notes means:
Guaranteed Principal Payment Amount means, for each Class of Notes, (a) on the Payment Date in April 2035, the amount needed to pay the related outstanding Note Principal Balance (after giving effect to all allocations and payments on that Payment Date), (b) for any other Payment Date on or before the related Allocated Transferor Interest first increases to zero, if the related Allocated Transferor Interest for that Payment Date is less than the highest related Allocated Transferor Interest for any preceding Payment Date, the amount of the excess of the highest related Allocated Transferor Interest for any preceding Payment Date over the related Allocated Transferor Interest for the current Payment Date, (c) for any Payment Date after the Transferor Interest has first increased to zero, if the related Transferor Interest has been reduced to zero or below, the amount of the excess of the related Note Principal Balance (after giving effect to all allocations and payments of principal to be made on such Class of Notes on the Payment Date) over the related Adjusted Loan Group Balance, and (d) for any other Payment Date, zero. All calculations under the Policy are made after giving effect to all other amounts distributable and allocable to principal on such Class of Notes for the Payment Date.
Guaranteed Principal Payment Amount means with respect to any Payment Date other than the Payment Date in September 2030, the excess, if any, by which (a) the Note Principal Balance relating to the Obligations (after giving effect to all payments of principal on the
Guaranteed Principal Payment Amount. Has the meaning set forth in the Policy.
Guaranteed Principal Payment Amount means, for each Class of Notes, (a) on the Payment Date in April 2035, the amount needed to pay the related outstanding Note Principal Balance (after giving effect to all allocations and payments on the related Class of Notes on that Payment Date), (b) for any other Payment Date on or before the related Allocated Transferor Interest first increases to zero, if the related Allocated Transferor Interest for that Payment Date is less than the highest related Allocated Transferor Interest for any preceding Payment Date, the amount of the excess of the highest related Allocated Transferor Interest for any preceding Payment Date over the related Allocated Transferor Interest for the current Payment Date, (c) for any Payment Date after the Transferor Interest has first increased to zero, if the related Transferor Interest has been reduced to zero or below, the amount of the excess of the related Note Principal Balance (after giving effect to all allocations and payments of principal to be made on such Class of Notes on the Payment Date) over the related Adjusted Loan Group Balance, and (d) for any other Payment Date, zero. All calculations under this Policy are made after giving effect to all other amounts distributable and allocable to principal on such Class of Notes for the Payment Date.