PRINCIPAL IN definition

PRINCIPAL IN. RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. REMIC MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 2000-4 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC.

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PRINCIPAL IN. RESPECT OF THIS CLASS A-1 CERTIFICATE IS PAYABLE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE UNPAID PRINCIPAL BALANCE EVIDENCED HEREBY AT ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL AMOUNT SET FORTH BELOW. TFC HOME EQUITY LOAN TRUST 1998-1 TFC HOME EQUITY LOAN ASSET-BACKED CERTIFICATES Class A-1 Certificate Certificate No. A-1- CUSIP No. 87238W AA 8 Cut-Off Date: October 31, 1998 Pass-Through Rate: 6.60%(1) First Payment Date: December 28, 1998 Initial Class A-1 Principal Amount: Final Scheduled Payment Date: March 25, 2030 $78,066,000 Class A-1- Certificate Balance:

PRINCIPAL IN respect of this Class A-4 Note is payable monthly as set forth herein and the Agreement (as defined herein). This Class A-4 Note does not represent any interest in or obligation of Advanta Business Services Corp. ("Advanta") or any Affiliate of Advanta, other than the Series Obligors. Neither the Class A-4 Notes nor the Contracts are insured by any governmental agency. CUSIP: 00757Q AD 9 Class A-4 Note $45,900,000 Class A-4 Initial Percentage No. A-4-1 Principal Balance Interest: 100% The Series Obligors, for value received, hereby promises to pay to CEDE & CO. the principal sum of Forty Five Million Nine Hundred Thousand Dollars ($45,900,000) in monthly installments and to pay interest monthly in arrears on the unpaid portion of said principal sum (and, to the extent that the payment of such interest shall be legally enforceable, on any overdue installment of interest on this Note) on the 15th day of each month or, if such 15th day is not a Business Day, the Business Day immediately following (each, a "Payment Date"), commencing in May 15, 1998, for the period commencing on and including the immediately preceding Payment Date (or on the Closing Date with respect to the initial Payment Date) and ending on and including the day immediately preceding such Payment Date, until such unpaid principal is fully paid, at a rate per annum equal to 5.98% (the "Class A-4 Interest Rate"); provided, however, that interest on any amount of principal or interest that is not timely paid when due shall accrue interest until paid at the Class A-4 Interest Rate plus 1%. The Series Obligors hereby agree to pay to such registered holder its pro rata share of the amounts which all Class A-4 Noteholders are entitled to receive, as hereinafter set forth in this Class A-4 Note and as more fully set forth in the Master Business 84 Receivables Asset-Backed Financing Facility Agreement, dated as of May 1, 1997 (the "Master Facility Agreement"), among Advanta, as servicer (the "Servicer"), Advanta Leasing Receivables Corp. III, as obligors' agent (the "Obligors' Agent") and The Chase Manhattan Bank, as trustee (the "Trustee"), and the Series 1998-1 Supplement to the Master Facility Agreement, dated as of April 14, 1998 (the "Series Supplement," and together with the Master Facility Agreement, the "Agreement"), among the Servicer, the Obligors' Agent, the Series Obligors and the Trustee, at all times from the sources and on the terms and conditions hereinafter set forth and as more full...

Examples of PRINCIPAL IN in a sentence

• PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).

• PRINCIPAL IN RESPECT OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN.

• ANY MISREPRESENTATION MADE BY CUSTOMER OR ANY PRINCIPAL IN CONNECTION WITH THIS AGREEMENT MAY CONSTITUTE FRAUD OR INTENTIONAL MISREPRESENTATION.

• EXHIBIT A-3 [FORM OF CLASS A-3 NOTE] PRINCIPAL IN RESPECT OF THIS CLASS A-3 NOTE IS DISTRIBUTABLE AS SET FORTH HEREIN.

• EXHIBIT A-2 [FORM OF CLASS A-2 NOTE] PRINCIPAL IN RESPECT OF THIS CLASS A-2 NOTE IS DISTRIBUTABLE AS SET FORTH HEREIN.

• EXHIBIT A-4 [FORM OF CLASS A-4 NOTE] PRINCIPAL IN RESPECT OF THIS CLASS A-4 NOTE IS DISTRIBUTABLE AS SET FORTH HEREIN.

• EXHIBIT B [FORM OF CLASS B NOTE] PRINCIPAL IN RESPECT OF THIS CLASS B NOTE IS DISTRIBUTABLE AS SET FORTH HEREIN.

• Except as otherwise provided in the Agreement, the final distribution on PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).

• Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).

• EXHIBIT C [Form of Class B-2 Certificates] PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE MONTHLY AS SET FORTH HEREIN; ACCORDINGLY, THE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE SET FORTH ON THIS CERTIFICATE.

More Definitions of PRINCIPAL IN

PRINCIPAL IN respect of this Class B-1 Note is payable monthly as set forth herein. This Class B-1 Note does not represent any interest in or obligation of First Sierra Financial, Inc. ("First Sierra"), First Sierra Receivables III, Inc. (the "Depositor") or any Affiliate of First Sierra or the Depositor or First Union Trust Company, National Association. Neither the Class B-1 Notes nor the Contracts are insured by any governmental agency.

PRINCIPAL IN respect of this Class A-1 Note is payable monthly as set forth herein and the Agreement (as defined herein). This Class A-1 Note does not represent any interest in or obligation of Advanta Business Services Corp. ("Advanta") or any Affiliate of Advanta, other than the Series Obligors. Neither the Class A-1 Notes nor the Contracts are insured by any governmental agency.