Principal Deficiency Ledger Amount definition

Principal Deficiency Ledger Amount means, in respect of each Calculation Date immediately preceding an Interest Payment Date, the amounts retained in and/or credited to the Principal Account on such Interest Payment Date pursuant to items (vii), (ix), (xii) and (xiv) of the Pre-Enforcement Interest Priority of Payments.
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Principal Deficiency Ledger Amount means the amount of any Interest Available Funds determined by the Calculation Agent on each Calculation Date to be applied to credit a Principal Deficiency Ledger pursuant to items (viii) (eighth), (x) (tenth), (xii) (twelfth), (xiv) (fourteenth), (xvi) (sixteenth) and(xix) (nineteenth) of the Pre-Enforcement Interest Priority of Payments on the immediately following Payment Date. During the Revolving Period and the Amortisation Period prior to the delivery of a Trigger Notice, the Interest Available Funds shall be applied, on each Payment Date, in making the following payments in the following order of priority (in each case, only if and to the extent that payments of a higher priority have been made in full):
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Principal Deficiency Ledger Amount means in respect of each Determination Date, the aggregate amounts which will be retained in and/or credited to the Transaction Account on the immediately following Payment Date pursuant to item (viii) of the Pre-Enforcement Interest Priority of Payments.
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Examples of Principal Deficiency Ledger Amount in a sentence

  • The Principal Deficiency Ledger Amount will form part of the Principal Available Funds and will therefore be applied to make payments or provisions due in accordance with the Pre-Enforcement Principal Priority of Payments.

  • The Principal Deficiency Ledger Amount will form part of the Principal Available Funds and will therefore be applied to make payments due in accordance with the Pre-Enforcement Principal Priority of Payments.

  • The Principal Deficiency Ledger Amount Provisions will be made by the Issuer against any Principal Deficiency Amount in accordance with the Pre-Enforcement Interest Priority of Payments.

  • The Principal Deficiency Ledger Amount On each Interest Payment Date, subject to the availability of Interest Available Funds, provisions will be made by the Issuer against any Principal Deficiency Amount in accordance with the Pre-Enforcement Interest Priority of Payments.


More Definitions of Principal Deficiency Ledger Amount

Principal Deficiency Ledger Amount means in respect of each Determination Date, the aggregate amounts which will be retained in and/or credited to the Payments Account on the immediately following Payment Date pursuant to item (viii) of the Pre-Enforcement Interest Priority of Payments.Pre-Enforcement Priorities of PaymentsPre-Enforcement Interest Priority of PaymentsPrior to the service of a Trigger Notice, the Issuer Interest Available Funds as calculated on each Determination Date will be applied by the Issuer on the Payment Date immediately following such Determination Date in making payments or provisions in the following order of priority (the “Pre-Enforcement Interest Priority of Payments”) but, in each case, only if and to the extent that payments or provisions of a higher priority have been made in full:
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Principal Deficiency Ledger Amount means, in respect of each Calculation Date immediately preceding an Interest Payment Date, the amounts retained in and/or credited to the Principal Account on such Interest Payment Date pursuant to items (vi), (viii), (x) and (xvi) of the Pre- Enforcement Interest Priority of Payments.Eligible Investments Pursuant to the Agency and Accounts Agreement, should the Issuer resolveto invest in Eligible Investments, the Issuer will open the Eligible Investments Securities Account with the Transaction Bank and the Computation Agent (I) shall, if so instructed by the Originator, in the name and on behalf of the Issuer, instruct the Transaction Bank to withdraw:
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Principal Deficiency Ledger Amount means, in respect of each Calculation Date immediately preceding an Interest Payment Date, the amounts retained in and/or credited to the Principal Account on such Interest Payment Date pursuant to items (vii) and (viii) of the Pre-Enforcement Interest Priority of Payments.Eligible Investments Pursuant to the Agency and Accounts Agreement, the Issuer may appoint and instruct, at the cost and expense of the Originator, a third-party duly licensed investment company (which may, but does not need to, be a member of the UniCredit Banking Group) (the “Investment Manager”) to invest, in the Issuer’s name and behalf, in Eligible Investments. The Eligible Investments will be selected by the Issuer also on the basis of advice provided by the Investment Manager.Pursuant to the Agency and Accounts Agreement, if the Issuer resolves to invest in Eligible Investments, it may instruct:
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Principal Deficiency Ledger Amount means the aggregate amounts retained in and/or credited to the Collection Account on the immediately following Interest Payment Date pursuant to items (viii), (x) and (xi) of the Pre-Enforcement Interest Priority of Payments. Eligible Investments Amounts standing to the credit of the Collection Account, the CashReserve Account and the Liquidity Reserve Account during a Collection Period may be invested by the Issuer or by the Account Bank, upon instructions of Santander, on behalf of the Issuer in Eligible Investments. Pursuant to the Issuer Account Bank Agreement, the Account Bank is obliged to invest, if so instructed in writing by Santander on behalf of the Issuer, amounts standing to the credit of the Cash Reserve Account, the Liquidity Reserve Account and the Collection Account in Eligible Investments (as defined below) as follows:
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Related to Principal Deficiency Ledger Amount

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2012-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2012-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2012-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2012-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2012-1 Liquidity Amount on such date and (b) the Series 2012-1 Required Liquidity Amount on such date.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Aggregate Noteholders’ Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the Noteholders’ Regular Principal Distributable Amount as of such Distribution Date and (ii) the Aggregate Noteholders’ Priority Principal Distributable Amount as of such Distribution Date.

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.