Minimum Target Principal Balance definition

Minimum Target Principal Balance means, with respect to the ACS Group Class A Securities on any Payment Date, the amount set forth in Schedule 3 to this Indenture and set forth in Schedule 3 to the Guarantor Indenture for such Payment Date, subject to the following adjustment. If any ACS Group Initial Aircraft ceases to be owned by the ACS Group before the end of the useful life of such ACS Group Initial Aircraft, the Minimum Target Principal Balance for each Payment Date occurring after the Calculation Date next succeeding the date of such cessation will be adjusted to be equal to: (x) if such Payment Date occurs on or before the fifth anniversary of the Initial Closing Date, the Assumed Portfolio Value for such Payment Date multiplied by the ACS Group Class A Security Portion or (y) if such Payment Date occurs after the fifth anniversary of the Initial Closing Date, the sum for all ACS Group Initial Aircraft then owned by the ACS Group of the product of (1) the Assumed Base Value of each such ACS Group Initial Aircraft for such Payment Date, (2) the ACS Group Class A Security Portion and (3) a fraction (a) the numerator of which shall be equal to the remaining Expected Useful Life in months of such ACS Group Aircraft as of such Payment Date and (b) the denominator of which shall be equal to the remaining Expected Useful Life of such ACS Group Aircraft in months as of the fifth anniversary of the Initial Closing Date, provided that in no event the Minimum Target Principal Balance for any Payment Date shall be less than zero. If any ACS Group Initial Aircraft has undergone a conversion, the Minimum Target Principal Balance for each Payment Date occurring after the Calculation Date next succeeding the later of the fifth anniversary of the Initial Closing Date or the date of the completion of such conversion will be adjusted to be equal to the sum for all ACS Group Initial Aircraft then owned by the ACS Group of the product of (1) the Assumed Base Value of each such ACS Group Initial Aircraft for such Payment Date, (2) the ACS Group Class A Security Portion and (3) a fraction (a) the numerator of which shall be equal to the remaining Expected Useful Life in months of such ACS Group Aircraft as of such Payment Date and (b) the denominator of which shall be equal to the remaining Expected Useful Life of such ACS Group Aircraft in months as of the fifth anniversary of the Initial Closing Date (for the purpose of this clause (b), the Expected Useful Life of such ACS Group Aircraft will be deeme...
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Minimum Target Principal Balance set forth in Appendix A to this Indenture for such Payment Date, as such amount shall be adjusted from time to time in accordance with Section 3.11 hereof.
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Minimum Target Principal Balance means, with respect to any class of Notes on any Payment Date, the product of (a) the Minimum Class Percentage for such class of Notes on such Payment Date and (b) the Assumed Portfolio Value in respect of such Payment Date; provided that, if on any Payment Date the Outstanding Principal Balance of Class A Notes is greater than the Adjusted Portfolio Value in respect of such Payment Date, then the "Minimum Target Principal Balance" of Class A Notes shall be equal to the Scheduled Target Principal Balance of Class A Notes.
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Examples of Minimum Target Principal Balance in a sentence

  • SCHEDULE 3 POOL FACTORS Payment Date Occurring In Pool Factor SCHEDULE 4 EXTENDED POOL FACTORS SCHEDULE 5 MINIMUM TARGET PRINCIPAL BALANCE Payment Date Occurring In Minimum Target Principal Balance ($) SCHEDULE 6 AMORTIZATION PERCENTAGES Payment Date Occurring In Amortization Percentage SCHEDULE 7 INITIAL LEASES - CURRENT WAR RISK COVERAGE AMOUNTS Aircraft MSN War Risk Coverage Amount – US$ Sch.


More Definitions of Minimum Target Principal Balance

Minimum Target Principal Balance means, with respect to the Notes on any Payment Date, the amount set forth in Schedule 5 to this Indenture for such Payment Date, subject to adjustments set forth therein.
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Minimum Target Principal Balance means, with respect to (i) the AerCo Group Class A Notes and the AerCo Group Class B Notes on any Payment Date, the product of (x) the Minimum Class Percentage for such class of AerCo Group Notes on such Payment Date and (y) the Assumed Portfolio Value in respect of such Payment Date; provided that, if on any Payment Date the Outstanding Principal Balance of AerCo Group Class A Notes is greater than the Adjusted Portfolio Value in respect of such Payment Date, then the
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Minimum Target Principal Balance of AerCo Group Class A Notes shall be equal to the Scheduled Target Principal Balance of AerCo Group Class A Notes and (ii) the AerCo Group Class C Notes and the AerCo Group Class D Notes on any Payment Date, the "Minimum Target Principal Balance" set forth in Appendix A to this Indenture for such Payment Date, as such amount shall be adjusted from time to time in accordance with Section 3.11 hereof.
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Minimum Target Principal Balance means, with respect to (i) the MSAF Group Class A Notes and the MSAF Group Class B Notes on any Payment Date, the product of (x) the Minimum Class Percentage for such class of MSAF Group Notes on such Payment Date and (y) the Assumed Portfolio Value in respect of such Payment Date; provided that, if on any Payment Date the Outstanding Principal Balance of MSAF Group Class A Notes is greater than the Adjusted Portfolio Value in respect of such Payment Date, then the "Minimum Target Principal Balance" of MSAF Group Class A Notes shall be equal to the Scheduled Target Principal Balance of MSAF Group Class A Notes and (ii) the MSAF Group Class C Notes and the MSAF Group Class D Notes on any Payment Date, the "Minimum Target Principal Balance" set forth in Appendix A to this Indenture for such Payment Date, as such amount shall be adjusted from time to time in accordance with Section 3.11 hereof.
Sample 1
Minimum Target Principal Balance of MSAF Group Class A Notes shall be equal to the Scheduled Target Principal Balance of MSAF Group Class A Notes and (ii) the MSAF Group Class C Notes and the MSAF Group Class D Notes on any Payment Date, the "Minimum Target Principal Balance" set forth in Appendix A to this Indenture for such Payment Date, as such amount shall be adjusted from time to time in accordance with Section 3.11 hereof.
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Minimum Target Principal Balance of Class A Notes shall be equal to the Scheduled Target Principal Balance of Class A Notes.
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Related to Minimum Target Principal Balance

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

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

  • 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.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class Principal 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.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth 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-2 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 and the Class B-1 Principal Balance as of such Determination Date.

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

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the Original Class B-5 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph fifteenth of Section 4.01(a)(ii) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-5 Certificates are the most subordinate Certificates outstanding, the Class B-5 Principal Balance will equal the difference, if any, between the Aggregate Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Aggregate Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • 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.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Original Class B-1 Principal Balance The Class B-1 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • 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.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 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.

  • Assumed Principal Balance As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.

  • 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.

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.