Examples of Issuer Principal Collections in a sentence
Shared Issuer Non-Principal Collections and Shared Issuer Principal Collections The Series 2013-1 Notes will be designated as being part of Sharing Cohort I for purposes of sharing principal and interest with other Series of Notes.
Issuer Principal Collections related to one Asset Group will not be used to cover shortfalls of another Series unless such shortfalls are related to such Asset Group and such Asset Group has been designated to such other Series.
For each Asset Group, Issuer Principal Collections allocable to other Series that are in Sharing Cohort I, to the extent not needed to make payments on the other Series of Notes, will be applied to make principal payments on the Series 2013-1 Notes and to make principal payments on Notes of other series that are in Sharing Cohort I and entitled to principal payments.
Revolving Period During the Revolving Period, all Issuer Principal Collections andany Advances will be used by the Issuer to increase its beneficial interest in the Receivables Trust, the proceeds of which will be used by the Receivables Trustee to purchase further Receivables to the extent that FCE makes further Receivables available for sale and assignment pursuant to further Sale Notices and the terms of the Receivables Purchase Deed (see "Receivables Purchase Deed" below).
Issuer Principal Collections will be available to the extent that Assigned Receivables amortise, prepay in full or are repurchased by FCE due to breach of warranty and Advances will be available to the extent that Noteholders are required to advance such principal amounts under the Notes (see "Advances and repayments of principal" below).