Net Principal Collections definition

Net Principal Collections. With respect to any Payment Date, the excess, if any, of Principal Collections for such Payment Date over the aggregate amount of Additional Balances created during the related Collection Period, conveyed to the Issuer.

Net Principal Collections. With respect to the Group II Loans and any Payment Date, the excess, if any, of Principal Collections for the related Collection Period over the amount of Additional Balances created during the related Collection Period and conveyed to the Trust Estate.

Net Principal Collections. The excess of (x) Principal Collections over (y) the sum of (A) the aggregate amount of all Additional Balances arising during the related Collection Period plus (B) the Additional Balance Contributed Amount outstanding as of the opening of business on the related Payment Date; provided, however, that in no event will Net Principal Collections be less than zero with respect to any Payment Date.

Examples of Net Principal Collections in a sentence

• On each Payment Date during the Funding Period the Indenture Trustee shall withdraw Net Principal Collections from the Payment Account and deposit Net Principal Collections to the Funding Account.

• During the Funding Period, any amounts received by the Indenture Trustee in respect of Net Principal Collections for deposit in the Funding Account, together with any Eligible Investments in which such monies are or will be invested or reinvested during the term of the Notes, shall be held by the Indenture Trustee in the Funding Account as part of the Trust Estate, subject to disbursement and withdrawal as herein provided.

• During the Funding Period, any amounts received by the Indenture Trustee in respect of Net Principal Collections for deposit in the Funding Account, together with any Eligible Investments in which such moneys are or will be invested or reinvested during the term of the Notes, shall be held by the Indenture Trustee in the Funding Account as part of the Trust Estate, subject to disbursement and withdrawal as herein provided.

• The Main News BulletinThe main news bulletins, like the daily one at 9:00 pm, are a modified version of the local news bulletin, with some Arab and international news added.

• On any Payment Date during the Managed Amortization Period, the Scheduled Principal Distribution Amount will equal the excess (but in no event less than $0) of (x) the lesser of (i) the Maximum Principal Payment and (ii) the Net Principal Collections over (y) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date.

More Definitions of Net Principal Collections

Net Principal Collections. With respect to any Distribution Date, the excess, if any, of Security Principal Collections for the related Collection Period over the amount of Additional Balances created during the related Collection Period.]

Net Principal Collections. With respect to the Mortgage Loans and any Payment Date, an amount equal the positive difference between (x) the Floating Allocation Percentage of Principal Collections with respect to such Payment Date and (y) the Floating Allocation Percentage of the aggregate principal amount of all Additional Balances arising during the related Collection Period; provided, however, that in no event will Net Principal Collections be less than zero with respect to any Payment Date.

Net Principal Collections means, with respect to any payment date,

Net Principal Collections. With respect to any Remittance Period, the excess of (i) Principal Collections over (ii) the aggregate amount of all Additional Balances arising during such Remittance Period; provided, however, that, in no event will Net Principal Collections be less than zero.

Net Principal Collections. With respect to any Distribution Date, the excess, if any, of Security Principal Collections for the related Collection Period created during the related Collection Period.

Net Principal Collections means, with respect to any Due Period prior to the Accelerated Amortization Date and not during an Early Amortization Period, Collections in respect of Principal Receivables during the related Due Period reduced by Additional Balances created during such Due Period.

Net Principal Collections means, with respect to any Payment Date, (a) for Loan Group I, (1) during the Managed Amortization Period, the Principal Collections for Loan Group I for the related Collection Period minus Principal Collections for Loan Group I used by the Trust to acquire Additional Balances during the related Collection Period (but not less than zero) and (2) after the Managed Amortization Period, the Principal Collections for Loan Group I for the related Collection Period and (b) for Loan Group II, the Principal Collections for Loan Group II for the related Collection Period.