Principal Amount Available definition

Principal Amount Available means, with respect to any Distribution Date, the amount remaining in the Series 2000-1 Collection Account on such Distribution Date after the payment of the amounts required to be paid pursuant to clause (i) through (iii) of Section 3.03(a) on such Distribution Date minus the Reserve Account Deposit Amount for such Distribution Date.
View Source
Principal Amount Available means, with respect to any Distribution Date, the amount remaining in the Note Account on such Distribution Date after the payment of the amounts required to be paid pursuant to clause (i) through (vi) of Section 3.03(a) on such Distribution Date minus the Reserve Account Deposit Amount for such Distribution Date.
View Source
Principal Amount Available. The aggregate amount on deposit in the Collection Account as of the close of business on a Determination Date that has been designated by the Servicer as "principal collections" with respect to the prior Due Period as of the related Determination Date, or that constitute the principal portion of Disposition Proceeds. The Principal Amount Available with respect to an individual Secured Note is the portion of the amount described above which relates to the Related Mortgage Loans.
View Source

Examples of Principal Amount Available in a sentence

  • The Amount Available, the Principal Amount Available and the Interest Amount Available shall be increased only in compliances with the provisions of this paragraph.

  • BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By: Name: Title: ACKNOWLEDGMENT The Bank hereby confirms to the Credit Facility or the Trustee that the Principal Amount Available under the Letter of Credit has been reinstated by the amount $______________ and the Interest Amount Available under the Letter of Credit has been reinstated by the amount of $_________________.

  • BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By:___________________________ Name:______________________ Title:_____________________ [attached to Annex F] ACKNOWLEDGMENT -------------- The Bank hereby confirms to the Credit Facility Trustee that the Principal Amount Available under the Letter of Credit has been reinstated by the amount of $______________ and the Interest Amount Available under the Letter of Credit has been reinstated by the amount of $_____________.

  • The Amount Available, the Principal Amount Available and the Interest Amount Available shall be reinstated only in compliance with the provisions of this paragraph.