Monthly Principal Payment Rate definition

Monthly Principal Payment Rate means, for a Collection Period, the percentage equivalent of a fraction with (a) a numerator equal to the Principal Collections for that Collection Period and (b) a denominator equal to the Pool Balance on the first day of that Collection Period.
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Monthly Principal Payment Rate means, with respect to any Collection Period, the percentage equivalent of a fraction (a) the numerator of which is the Principal Collections with respect to such Collection Period and (b) the denominator of which is the Pool Balance as of the first day of such Collection Period.
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Monthly Principal Payment Rate means, with respect to any Monthly Period, a fraction (expressed as a percentage) the numerator of which is Collections of Principal Receivables for such Monthly Period and the denominator of which is the aggregate amount of Principal Receivables as of the first day of such Monthly Period.
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More Definitions of Monthly Principal Payment Rate

Monthly Principal Payment Rate means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is the Principal Collections with respect to such Collection Period and the denominator of which is the Pool Balance on the first day of such Collection Period.
Sample 1
Monthly Principal Payment Rate means, with respect to any Monthly Period, a fraction, the numerator of which is the Series 1999-One Allocable Principal Collections for such Monthly Period and the denominator of which is the average Invested Amount during such Monthly Period.
Sample 1

Related to Monthly Principal Payment Rate

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Expected Principal Payment Date means March 15, 2022.

  • 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.