Monthly Principal definition

Monthly Principal is defined in Section 4.1(d).

Monthly Principal means the monthly principal distributable in respect of the Notes and the O/C Amount as calculated in accordance with Section 4.03.

Monthly Principal means the monthly principal distributable in ----------------- respect of the Series 1997-8 Certificates as calculated in accordance with Section 4.07 of the Agreement.

Examples of Monthly Principal in a sentence

• Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2.

• During the Rapid Amortization Period, in addition to Class A Monthly Interest, Class A Monthly Principal will be distributed to the Class A Certificateholders on each Distribution Date commencing in the month following the commencement of the Rapid Amortization Period until the Class A Certificates have been paid in full.

• Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3.

• During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or CIA Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• For the avoidance of doubt, the Note Monthly Principal Distributable Amount, or any portion thereof, shall not be due (other than in accordance with the first sentence of this Section 2.07(b), the subsequent sentence of this Section 2.07(b), Section 5.02 and Section 10.03 of this Indenture), unless amounts are actually available to make such payments in accordance with Section 5.04(b) of the Sale and Servicing Agreement.

More Definitions of Monthly Principal

Monthly Principal. The principal portion of any Monthly Payment.

Monthly Principal shall have the meaning specified in Section 4.3.

Monthly Principal means the monthly principal distributable in respect of the Notes as calculated in accordance with Section 4.03.

Monthly Principal for any Payment Date will equal the sum of the following:

Monthly Principal means, on any Distribution Date, the sum of the Class A Monthly Principal, the Class M Monthly Principal, the Class B Monthly Principal and the Class C Monthly Principal with respect to such date.

Monthly Principal means the amount of principal which is payable to the Noteholders on any Payment Date pursuant to the terms of the Indenture.

Monthly Principal means, with respect to any Payment Date, the aggregate amount of principal paid to the Class A Notes, Class B Notes or Class C Notes, as applicable, as the First Priority Principal Distribution Amount, Second Priority Principal Distribution Amount, Third Priority Principal Distribution Amount and Regular Principal Distribution Amount for such Payment Date, in each case to the extent of Available Funds and in the order of priority specified in Section 5.15(a).