Issuer Available Principal Receipts definition

Issuer Available Principal Receipts means, in relation to the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Available Principal Receipts, the Second Issuer Available Principal Receipts, and the Third Issuer Available Principal Receipts respectively, and in relation to any New Issuer, the Current Issuer Available Principal Receipts as defined in the Issuer Master Definitions Schedule relating to that New Issuer;
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Issuer Available Principal Receipts means, in relation to the First Issuer, the Second Issuer and the Third Issuer, the First Issuer Available Principal Receipts, the Second Issuer Available Principal
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Issuer Available Principal Receipts means, in relation to the First Issuer, the First Issuer Available Principal Receipts and in relation to any New Issuer has the meaning specified under the relevant Issuer Transaction Documents and as defined in that Issuer Master Definitions Schedule relating to that New Issuer;
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Examples of Issuer Available Principal Receipts in a sentence

  • As described in the section entitled “Credit Structure - Use of Principal Receipts and the subordinated loan to pay Issuer income deficiency”, on each Payment Date, the Issuer Cash Manager may apply Issuer Available Principal Receipts to meet any Revenue Shortfall and will make debit entries in the relevant Principal Deficiency Sub-Ledger(s).

  • On each Payment Date prior to the service of a Note Acceleration Notice, the Issuer Cash Manager will apply Issuer Available Principal Receipts in accordance with the Issuer Pre-Acceleration Principal Priority of Payments as set out in Part B of Schedule 3 (Priorities of Payments) to the Deed of Charge.

  • An allocation based on the Sterling Equivalent Principal Amount Outstanding of the US$ Notes means that the proportion of Issuer Available Principal Receipts allocated to the US$ Notes is not affected by the termination of the Original Currency Swap Agreement or the terms of any replacement Currency Swap Agreement entered into with respect to the US$ Notes.

  • If an Insolvency Event were to occur in relation to Virgin Money, it is possible that such amounts could not be withdrawn and transferredto the Issuer resulting in a reduction in Issuer Available Principal Receipts and Issuer Available Revenue Receipts available for distribution on the relevant Payment Date.

  • Prior to the delivery of a Note Acceleration Notice, the allocation of Issuer Available Principal Receipts, if any, towards the redemption of the Class A1a Notes and the Class A1b Notes is determined by reference to the respective aggregate Sterling Equivalent Principal Amount Outstanding of the Class A1a Notes and the Class A1b Notes (as per Condition 5(B) (Mandatory Redemption of the Notes in Part)).

  • The Issuer Available Principal Receipts so allocated will not be applied in satisfaction of any payment or provision until the Monthly Payment Date in such Monthly Payment Period on which such payment or provision is required to be made.

  • Prior to the delivery of a Note Acceleration Notice, the allocation of Issuer Available Principal Receipts, if any, towards the redemption of the US$ Notes is determined by reference to the Sterling Equivalent Principal Amount Outstanding of the US$ Notes (as per Condition 5(B) (Mandatory Redemption of the Notes in Part)).

  • An allocation based on the Sterling Equivalent Principal Amount Outstanding of each sub-Class of the Class A1 Notes means that the proportion of Issuer Available Principal Receipts allocated to the Sterling Notes and the US$ Notes of that Class is not affected by the termination of the Original Currency Swap Agreement or the terms of any replacement Currency Swap Agreement entered into with respect to the US$ Notes.


More Definitions of Issuer Available Principal Receipts

Issuer Available Principal Receipts means receipts by the Issuer under the Series Pre-Enforcement Principal Priority of Payments or following the service of a Series Enforcement Notice, receipts by the Issuer of amounts in respect of principal under the Series Post-Enforcement Priority of Payments; Issuer Post-Enforcement Priority of PaymentsOn each Interest Payment Date following the delivery of an Enforcement Notice, the Series Cash Manager (on behalf of the Trustee) will apply amounts received or recovered by the Trustee (or any receiver, administrative receiver or manager appointed on its behalf) in accordance with the following order of priority (the "Issuer Post-Enforcement Priority of Payments"):
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Issuer Available Principal Receipts means receipts by the Issuer under the Series Pre-Enforcement Principal Priority of Payments or following the service of a Series Enforcement Notice, receipts by the Issuer of amounts in respect of principal under the Series Post-Enforcement Priority of Payments.
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Related to Issuer Available Principal Receipts

  • Principal Receipts has the meaning specified in Section 5.2. Pro Rata Basis has the meaning specified in Section 8.2. Put Option Agreement means the agreement between Lender and TALF LLC, pursuant to which Lender shall have the option to sell or assign from time to time, and TALF LLC shall have the obligation to purchase from Lender from time to time,

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2018-2 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2018-2 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Amount Available for Senior Principal As to any Distribution Date, Available Funds for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the Senior Certificates pursuant to Section 4.02(a)(ii).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Available Principal With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Unscheduled Principal Receipt Period Either a Mid-Month Receipt Period or a Prior Month Receipt Period.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Class A Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (iii) of Section 5.7(a) on such Distribution Date.

  • Attributable Principal Amount means (a) in the case of Capital Leases, the amount of Capital Lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a Capital Lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease.

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.11 are required to fund the Class A Note Interest Requirement, the Class B Note Interest Requirement and the Net Investor Servicing Fee, plus (c) the amount of Shared Principal Collections with respect to other Series that are allocated to Series 2003-1 in accordance with subsection 4.12(b).

  • Class B Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes and of the Class B Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (vi) of Section 5.7(a) on such Distribution Date.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Unscheduled Principal Receipt Any Principal Prepayment or other recovery of principal on a Mortgage Loan, including, without limitation, Liquidation Proceeds, Net REO Proceeds, Recoveries and proceeds received from any condemnation award or proceeds in lieu of condemnation other than that portion of such proceeds released to the Mortgagor in accordance with the terms of the Mortgage or Prudent Servicing Practices, but excluding any Liquidation Profits and proceeds of a repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amounts.

  • Principal Receivables means all Receivables other than Finance Charge Receivables.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Net Available Proceeds means, with respect to any Asset Sale, the proceeds thereof in the form of cash or Cash Equivalents, net of

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Class C Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes and of the Class C Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount and the Class B Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes or the Class B Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (ix) of Section 5.7(a) on such Distribution Date.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Class D Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes, of the Class C Notes and of the Class D Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount, the Class B Principal Parity Amount and the Class C Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes, the Class B Notes or the Class C Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (xii) of Section 5.7(a) on such Distribution Date.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.