Individual Sold Balance definition

Individual Sold Balance. With respect to any Contract, the original principal balance of such Contract reduced by the portion of each payment received thereon before the applicable Cut-off Date that would represent principal if such payments were allocated to the principal of and interest on such Contract based on the amortization method provided in such Contract.
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Individual Sold Balance means (a) with respect to any Actuarial Auto Loan and any Precomputed Auto Loan, the present value of all Scheduled Payments for such Auto Loan due on or after the effective date of its transfer to the Trust (calculated based on the assumption that each such Scheduled Payment is paid on its due date), discounted monthly at one-twelfth of the related APR and (b) with respect to any Simple Interest Auto Loan, the principal balance thereof as of the effective date of its transfer to the Trust.
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Examples of Individual Sold Balance in a sentence

  • The Seller Certificate Principal Balance as of December 31, 1996 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was............

  • The Seller Certificate Principal Balance as of January 31, 1998 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was .

  • The Seller Certificate Principal Balance as of April 30, 1997 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was .

  • The Seller Certificate Principal Balance as of October 31, 1997 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was.

  • The Seller Certificate Principal Balance as of June 30, 1998 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was.

  • The Seller Certificate Principal Balance as of December 31, 1997 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was.

  • The Seller Certificate Principal Balance as of July 31, 1998 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was.

  • The Seller Certificate Principal Balance as of January 31, 1999 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was ..........................

  • The Seller Certificate Principal Balance as of March 31, 1998 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was .

  • The Seller Certificate Principal Balance as of July 31, 1996 (after giving effect to the disbursements in reduction of principal, if any, on the immediately preceding Distribution Date or the effect of the computation of the Individual Sold Balance relating to the purchase of additional Auto Loans during the Interest-Only Period in accordance with the terms of the Pooling and Servicing Agreement) was .........

Related to Individual Sold Balance

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Scheduled Balance Not applicable.

  • Certificate Notional Balance With respect to each Certificate of Class X and any date of determination, the product of (i) the Class Certificate Notional Balance of such Class and (ii) the applicable Percentage Interest of such Certificate.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Additional Balance as to any Mortgage Loan means the aggregate amount of all additional borrowings by the mortgagor under the relevant Credit Line Agreement after the Cut-off Date for the Mortgage Loan.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Initial Certificate Balance means $[ ].

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Note A-8 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.