Monthly Principal Payment Amount definition

Monthly Principal Payment Amount means, with respect to any Payment Date, the amount (or such lesser amount as then available pursuant to Section 2.08(a)(iii)), if any, necessary to reduce the Loans Outstanding so that they equal the Borrowing Base as of such Payment Date.

Monthly Principal Payment Amount. With respect to any Payment Date, the amount, if any, necessary to reduce the Aggregate Loan Amount as of the prior Payment Date to the lesser of (x) the Borrowing Base and (y) the Aggregate Commitments as of the last day of the related Collection Period.

Monthly Principal Payment Amount means on any Distribution Date (i) prior to the Amortization Date, the amount, if any, necessary to reduce the Aggregate Loan Principal Balance such that no Borrowing Base Deficiency exists after giving effect to such payment or (ii) from and after the Amortization Date, the Aggregate Loan Principal Balance.

Examples of Monthly Principal Payment Amount 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.

• 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.

• 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.

• In the event the Borrowing Base amount exceeds the outstanding principal balance of the Term Loan as of the 25th day of the preceding calendar month period, no Requisite Monthly Principal Payment Amount shall be due with respect to such monthly period.

• On the Distribution Date following each such Determination Date, the Trustee shall withdraw the Monthly Principal Payment Amount from the Series 2010-1 Principal Subaccount and deposit such amount in the Series 2010-1 Distribution Account, to be paid to the holders of the Series 2010-1 Notes.

More Definitions of Monthly Principal Payment Amount

Monthly Principal Payment Amount. With respect to any Payment Date, the amount, if any, necessary to reduce the Capital to the Borrowing Base. Monthly Report: Defined in Section 6.5(a).

Monthly Principal Payment Amount means, with respect to any Payment Date, the amount (or such lesser amount as then available pursuant to Section 2.07(iv)), if any, necessary to reduce the Loans Outstanding so that they equal the Borrowing Base as of such Payment Date.

Monthly Principal Payment Amount means, in respect of each Aircraft, the amount set forth under “Monthly Principal Payment Amount” opposite the description of such Aircraft on Schedule 3.

Monthly Principal Payment Amount means an amount as shall be equal to the principal amount outstanding hereunder as of the Credit Advance Deadline, divided by six (6). By way of example only, if the principal amount outstanding hereunder as of the Credit Advance Deadline is $45,000,000, then the Monthly Principal Payment Amount shall be $7,500,000,

Monthly Principal Payment Amount means either (i) with respect to any Payment Date occurring prior to the Termination Date, the lesser of (a) the excess (if any) of the Loans Outstanding on such date (excluding any additional amounts to be borrowed on such Payment Date) over the Borrowing Base on such Payment Date and (b) the amount of Available Funds that is available to be applied pursuant to Section 2.06(v)(B) on such Payment Date (after giving effect to all payments pursuant to sub-clauses (i) through (v) of Section 2.06 on such Payment Date) or (ii) with respect to any Payment Date occurring on or after the Termination Date, the lesser of (a) the Loans Outstanding on such date and (b) the amount of Available Funds that is available to be applied pursuant to Section 2.06(v)(B) on such Payment Date (after giving effect to all payments pursuant to subclauses (i) through (v) of Section 2.06 on such Payment Date) . "Monthly Report" means a monthly statement of the Servicer delivered pursuant to Section 7.07(a) on each Reporting Date with respect to the related Collection Period, substantially in the form of Exhibit F. "Moody's" means Xxxxx'x Investors Service, Inc. "Multiemployer Plan" means a "multiemployer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding five years contributed to by the Borrower, DFC, Lithia or any ERISA Affiliate on behalf of their employees. "Near Prime Receivable" means a Receivable for which, at the time of underwriting, the related FICO Score was (i) less than 680 but also (ii) greater than or equal to 620. "Net Eligible Pool Balance" means, as of any date of determination, the difference of (i) the Eligible Pool Balance as of such date minus (ii) the Excess Concentration Amount as of such date. "Non-Extending Lender" means, after its respective Commitment Termination Date, each Lender that has declined to extend its Commitment Termination Date in accordance with Section 2.04, to the extent not replaced pursuant to Section 2.04(b). "Non-Prime Receivable" means a Receivable that is either a Near Prime Receivable or a Subprime Receivable. "Non-Prime Serviced Portfolio Receivable" means a Serviced Portfolio Receivable for which, at the time of underwriting, (i) the related FICO Score was less than 680 (including a FICO Score of zero) or (ii) there was no FICO Score. "NYFRB" means the Federal Reserve Bank of New York.

Monthly Principal Payment Amount means (a) during the Series 2012-1 Revolving Period, zero, (b) during the Series 2012-1 Controlled Amortization Period, the Series 2012-1 Controlled Amortization Period Monthly Payment Amount, and (c) during the Series 2012-1 Rapid Amortization Period, the Series 2012-1 Rapid Amortization Period Monthly Payment Amount.

Monthly Principal Payment Amount means, with respect to any Payment Date and the related Collection Period: