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.
Volunteer orientation and training should be provided at the beginning and throughout the program.
Whether matching funds are required, and, if so: No matching funds were required.
Neither Customer nor its Users acquire under this Agreement any right or license to use the Cloud Services in excess of the scope and/or duration of the Cloud Services stated herein and in the applicable Order.
During the Managed Amortization Period, the "Maximum Principal Payment" shall equal the "Net Principal Collections" 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. 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 means, with respect to any payment date,
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.