Monthly Principal Amount definition
Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.
Monthly Principal Amount. “Reserve Account Required Amount”, “Senior Interest” or “Subordinate Interest”.
Monthly Principal Amount shall equal for any Payment Date, the total amount of principal collected (including from prepayments and repurchases) in respect of the Timeshare Loans during the related Due Period.
Examples of Monthly Principal Amount in a sentence
If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Required Amortization Period or an Early Amortization Period, deposit in the Series 2025-2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2025-2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
More Definitions of Monthly Principal Amount
Monthly Principal Amount means, with respect to any Payment Date, the excess, if any, of (i) the sum of the Aggregate Principal Amount for such Payment Date, over (ii) the Lease Pool Principal Balance with respect to such Payment Date.
Monthly Principal Amount or “Reserve Account Required Amount”.
Monthly Principal Amount means the monthly principal distributable in respect of the Series __ Notes as determined pursuant to Section 4.03.
Monthly Principal Amount. With respect to any Collection Period, the amount required to be deposited into the Note Distribution Account with respect to that Collection Period in respect of the Series 20[ ]-[ ] Notes as determined pursuant to Section 4.03.
Monthly Principal Amount means, with respect to a Distribution Date, the difference between (i) the sum of the aggregate Principal Amount of the Notes and the Overcollateralization Balance both as of the immediately preceding Distribution Date (after making any principal payments on such date) and (ii) the Pool Balance as of the last day of the related Collection Period.
Monthly Principal Amount. With respect to any Distribution Date and a Group, to the extent of funds available therefore, the sum of the following amounts (without duplication) (i) each payment of principal on a related Mortgage Loan received by the Servicer (exclusive of amounts described in clauses (ii) and (iii) below) during the related Due Period, including all related Principal Prepayments; (ii) the Principal Balance as of the end of the immediately preceding Due Period of a related Mortgage Loan that became a Liquidated Mortgage Loan during the related Due Period; (iii) all Insurance Proceeds and Net Liquidation Proceeds allocable to recoveries of principal of related Mortgage Loans that are not yet Liquidated Mortgage Loans received during the related Due Period and the amount received in connection with the termination of the Trust by the Servicer received during the related Due Period; (iv) the principal portion of the Purchase Price of any related Defective Mortgage Loan repurchased during such Due Period, and (v) any related Substitution Adjustment (other than the portion of Substitution Adjustments relating to Servicing Advances) required to be deposited in the Collection Account as of the related Determination Date.
Monthly Principal Amount means, as of any Remittance Date: