Monthly Principal Payment means with respect to any Monthly Period, for all Series (including Series 1996-4) which are in an Amortization Period or Accumulation Period (as such terms are defined in the related Supplements for all Series, the sum of (a) the Controlled Distribution Amount for the related Transfer Date for any Series in its Controlled Amortization Period (as such terms are defined in the related Supplements for all Series), (b) the Controlled Deposit Amount for the related Transfer Date for any Series in its Accumulation Period, other than its Rapid Accumulation Period, if applicable (as such terms are defined in the related Supplements for all Series), (c) the Investor Interest as of the end of the prior Monthly Period taking into effect any payments to be made on the following Distribution Date for any Series in its Principal Amortization Period or Rapid Amortization Period (as such terms are defined in the related Supplements for all Series), (d) the Adjusted Investor Interest as of the end of the prior Monthly Period taking into effect any payments or deposits to be made on the following Transfer Date and Distribution Date for any Series in its Rapid Accumulation Period (as such terms are defined in the related Supplements for all Series), (e) the excess of the Collateral Interest as of the Transfer Date occurring in such Monthly Period over the Required Collateral Interest for the related Transfer Date, assuming no Accumulation Shortfall and (f) such other amounts as may be specified in the related Supplements for all Series.
Monthly Principal Payment means, with respect to any series of Notes, an amount, not less than zero, equal to (a) the Targeted Principal Deposit Amount, plus (b) the Reallocated Principal Amount, minus (c) Reallocated Available Funds, each with respect to such series of Notes for such Monthly Period.
Monthly Principal Payment is defined in Section 5A.6.
Examples of Monthly Principal Payment in a sentence
The Aggregate Loan Principal Balance shall be payable in installments equal to the Monthly Principal Payment Amount on each Distribution Date, to the extent of available funds therefor, in accordance with Section 2.06.
Principal in an amount equal to the Targeted Monthly Principal Payment, if any, will be due and payable on each Distribution Date in accordance with the priorities set forth in Section 6.8 of the Sale and Servicing Agreement.
On each Payment Date an amount equal to the Monthly Principal Payment Amount and Investment Earnings for each Remaining Aircraft that is not part of the ACS Group Portfolio as of such Payment Date will be transferred to the Collections Account by the Operating Bank at the written direction of the Administrative Agent.
The amount of the Monthly Principal Payment shall, based upon the foregoing, be adjusted to reflect additional advances as and when made hereunder and Administrative Agent shall notify Borrower of the new Monthly Principal Payment amount in writing before the first day of the next month following each additional advance.
On the Distribution Date following each such Determination Date, the Trustee shall withdraw the Monthly Principal Payment Amount from the Series 2006-1 Principal Subaccount and deposit such amount in the Series 2006-1 Distribution Account, to be paid to the holders of the Series 2006-1 Notes.
More Definitions of Monthly Principal Payment
Monthly Principal Payment means, for any Monthly Period for the Card Series Notes, an amount, not less than zero, equal to (a) the Targeted Principal Deposit Amount, plus (b) the aggregate amount of Card Series Principal Amounts applied pursuant to Section 3.07(a) through (f), minus (c) the aggregate amount of Card Series Finance Charge Amounts treated as Card Series Principal Amounts pursuant to Section 3.01(f) or (g), each with respect to such Monthly Period.
Monthly Principal Payment means, as of any Distribution Date, an amount equal to (i) the Pool Balance as of the second Record Date preceding such Distribution Date (or, with respect to the first Distribution Date, the Original Pool Balance) less (ii) the Pool Balance as of the Record Date immediately preceding such Distribution Date.
Monthly Principal Payment means with respect to any Monthly Period, for all Series (including Series 1999-1) which are in an Amortization Period or Accumulation Period (as such terms are defined in the related Supplements for all Series), the sum of (a) the Controlled Distribution Amount for the related Transfer Date for any Series in its Controlled Amortization Period (as such terms are defined in the related Supplements for all Series), (b) the Controlled Deposit Amount for the related Transfer Date for any Series in its Accumulation Period, other than its Rapid Accumulation Period, if applicable (as such terms are defined in the related Supplements for all Series), (c) the Investor Interest as of the end of the prior Monthly Period taking into effect any payments to be made on the following Distribution Date for any Series in its Principal Amortization Period or Rapid Amortization Period (as such terms are defined in the related Supplements for all Series), (d) the Adjusted Investor Interest as of the end of the prior Monthly Period taking into effect any payments or deposits to be made on the following Transfer Date and Distribution Date for any Series in its Rapid Accumulation Period (as such terms are defined in the related Supplements for all Series), (e) the excess of the Collateral Interest as of the Transfer Date occurring in such Monthly Period over the Required Collateral Interest for the related Transfer Date, assuming no Accumulation Shortfall and (f) such other amounts as may be specified in the related Supplements for all Series.
Monthly Principal Payment has the meaning given to it in Section 2.3(a)(iv).
Monthly Principal Payment means with respect to any Collection Period, for all Series (including Series 1997-1) which are in an Amortization Period or Accumulation Period (as such terms are defined in the related Supplements for all Series), the sum of (a) the Controlled Distribution Amount for the related Transfer Date for any Series in its Controlled Amortization Period (as such terms are defined in the related Supplements for all Series), (b) the Controlled Deposit Amount for the related Transfer Date for any Series in its Accumulation Period, if applicable (as such terms are defined in the related Supplements for all Series), (c) the Invested Amount as of the end of the prior Collection Period taking into effect any payments to be made on the following Distribution Date for any Series in its Principal Amortization Period or Early Amortization Period (as such terms are defined in the related Supplements for all Series), (d) the excess of the Collateral Invested Amount as of the Transfer Date occurring in such Collection Period over the Required Collateral Invested Amount for the related Transfer Date, assuming no Deficit Controlled Accumulation Amount and (e) such other amounts as may be specified in the related Supplements for all Series.
Monthly Principal Payment means, (x) as of any Distribution Date (except for the Final Scheduled Distribution Date), an amount equal to the sum of (i) that portion of all collections received by the Servicer during the related Collection Period on Receivables allocable to principal (which shall not include the principal portion of proceeds from any recoveries or liquidations in respect of any Defaulted Receivable in any Collection Period following the Collection Period in which such Receivable became a Defaulted Receivable), (ii) Purchase Amounts allocable to principal and paid by the Depositor to the Servicer or by the Servicer and (iii) the Principal Balance of Defaulted Receivables, which became Defaulted Receivables during the related Collection Period and (y) as of the Final Scheduled Distribution Date, after giving effect to the distribution of the amounts set forth in (i) through (iii) of clause (x), an amount necessary to reduce the Certificate Balance to zero on such Distribution Date.
Monthly Principal Payment is defined in SECTION 5A.6.