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
For the avoidance of doubt, the Note Principal Balance of the Class A Notes shall be reduced by any Guaranteed Principal Payment Amount paid by the Note Insurer under the Policy.
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 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 (a) on the Payment Date in February 2034, the amount needed to pay the 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 Transferor Interest first increases to zero, if the Transferor Interest for that Payment Date is less than the highest Transferor Interest for any preceding Payment Date, the amount of the excess of the highest Transferor Interest for any preceding Payment Date over the Transferor Interest for the current Payment Date, (c) for any Payment Date after the Transferor Interest has first increased to zero, if the Transferor Interest has been reduced to zero or below, the amount of the excess of the Note Principal Balance (after giving effect to all allocations and payments of principal to be made on the Notes on the Payment Date) over the Loan Balance (at the end of the related Collection Period), 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 the Notes for the Payment Date.
Guaranteed Principal Payment Amount means (a) on the Payment Date in June, 2037, the amount needed to pay the outstanding Note Principal Balance (after giving effect to all allocations and payments with respect to the Principal Amount Notes on that Payment Date) and (b) for any other Payment Date, the positive excess, if any, of the outstanding Note Principal Balance (after giving effect to all allocations and payments with respect to the Principal Amount Notes on that Payment Date) over the Loan Pool Balance at the end of the related Collection Period.