Principal Ledger definition

Principal Ledger means the ledger of such name maintained by the Cash Manager pursuant to and in accordance with the Cash Management Agreement to record the credits and debits of Principal Receipts held by the Cash Manager for and on behalf of the Guarantor and/or in the Guarantor Accounts;

Principal Ledger has the meaning ascribed to it in Clause 6 of the Administration Agreement.

Principal Ledger means the ledger maintained by the Cash Manager in the name of the Mortgages Trustee pursuant to the Cash Management Agreement to record the Principal Receipts on the Mortgage Loans and distributions of such Principal Receipts to the Seller and Funding on each Distribution Date;

Examples of Principal Ledger in a sentence

• Amount standing to the credit of the Reinvestment Principal Ledger f.

• The nominal level of overcollateralisation includes cash held on both the Pre-Maturity Liquidity Ledger and the Principal Ledger.

• If the Issuer has insufficient revenue funds to make the repayment, such an amount may be repaid by applying funds standing to the credit of the Principal Ledger.

• The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers") (i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.

• The allocation of funds standing to the credit of the Transaction Account will be recorded in various ledgers, including the Principal Ledger and the Revenue Ledger, maintained by the Administrator in the Issuer’s book-keeping records.

More Definitions of Principal Ledger

Principal Ledger means the ledger so referred to in Clause 6.1.1;

Principal Ledger means the ledger so referred to in sub-clause 6.2.1;

Principal Ledger means the ledger of such name maintained by the Cash Manager, pursuant to the Cash Management Agreement to record the Principal Receipts on the Loans and distributions of such Principal Receipts to the Seller and Funding;

Principal Ledger means the ledger so entitled and maintained by the Cash Manager on behalf of the Issuer in accordance with the Cash Management Agreement;

Principal Ledger means a ledger in the Transaction Account to record Available Redemption Funds.

Principal Ledger means the ledger of such name created for the purpose of recording Principal Collections and maintained by the Cash/Bond Administrator in the Transaction Account;

Principal Ledger means a ledger in the Transaction Account to record Available Redemption Funds. “Retained Principal Ledger” means a ledger in the Transaction Account and credited with amounts upto a maximum aggregate of €10,000,000. Priority of Payments Post-Enforcement On and after enforcement of the Security, the Trustee is required, subject to being indemnified and/or secured to its satisfaction, to apply moneys available for distribution in or towards the satisfaction of the following amounts in the following order or priority (and so that no payment or provision shall be made until all payments or provisions ranking above shall have been paid or provided for in full):