Principal Factor definition

Principal Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a nine-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The Principal Factor will be 1.000000000 as of the Closing Date; thereafter, the Principal Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable.

Principal Factor means, as of any Distribution Date for each Class of Notes, a seven-digit decimal figure equal to the Outstanding Amount of such Class of Notes (after giving effect to any payments of principal made on such Distribution Date) divided by the original Outstanding Amount of such Class. The Principal Factor will be 1.0000000 for each Class of Notes as of the Closing Date; thereafter, the Principal Factor for each Class of Notes will decline to reflect reductions in the outstanding principal balance of such Class.

Principal Factor means 100%. For the avoidance of doubt such interest could be as low as zero and will be dependent upon receipt by the Issuer of amounts from the Swap Counterparty.

Examples of Principal Factor in a sentence

• Notice of any termination shall be given promptly by Xxxxxx Xxx to Holders of Regular Certificates by publication of a Certificate Principal Factor equal to zero for each outstanding Class of Certificates not later than the eighth Business Day of the month of the related Distribution Date.

• Notice of any termination shall be given promptly by Xxxxxx Mae to Holders of Regular Certificates by publication of a Certificate Principal Factor equal to zero for each outstanding Class of Certificates not later than the eighth Business Day of the month of the related Distribution Date.

• As soon as practicable following the eleventh calendar day of each month, Xxxxxx Mae will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount on the following Distribution Date.

• As soon as practicable following the eleventh calendar day of each month, Xxxxxx Xxx will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution on the following Distribution Date.

• The Class Notional Principal Balance of the Class B Certificate will be equal at any time to the product of the original Class Notional Principal Balance thereof and the Certificate Principal Factor for the Class A Certificates.

More Definitions of Principal Factor

Principal Factor shall have the meaning given such term in the Terms Supplement.

Principal Factor. As to any Distribution Date, the percentage (carried to seven places, rounded down) obtained by dividing the Class (_) Certificate Balance as of such Distribution Date (after giving effect to all payments of principal made on such Distribution Date) by the Original Class (_) Certificate Balance.

Principal Factor means a seven-digit decimal number which, when multiplied by the initial principal amount of each Note, produces its Outstanding principal balance. The Principal Factor will be 1.0000000 for each such Note as of the Date of Issuance; thereafter, the Principal Factor for each such Note will decline to reflect reductions in the Outstanding principal balance of such Note.

Principal Factor means 90%. For the avoidance of doubt such principal complement and, if any, interest component could be as low as zero and will be dependent upon receipt by the Issuer of amounts from the Swap Counterparty. In both Case 1 and Case 2, the amount (if any) making up the Final Redemption Amount received by the Issuer from the Swap Counterparty pursuant to the Swap Agreement will be deemed paid first by way of principal (subject to a maximum of 10% of the Specified Denomination of the Notes) on the Notes and secondly by way of interest (if any) on the Notes.

Principal Factor means, at any time and in respect of a Class of Notes, the fraction expressed as a decimal to the sixth point of which the numerator is the aggregate Principal Amount Outstanding of the relevant Class of Notes at such time and the denominator is the aggregate Principal Amount Outstanding of the relevant Class of Notes upon issue;

Principal Factor. (a) Class A-1:___________

Principal Factor means 75%.