Principal Payment Period definition

Principal Payment Period. With respect to any Remittance Date, the calendar month preceding the month in which such Remittance Date occurs.

Principal Payment Period if applicable, shall mean the period beginning on the Interest Payment Date immediately following the occurrence of a Principal Payment Event and ending upon the earliest to occur of (i) the commencement of the Early Amortization Period, (ii) the payment in full to the Designated Series Certificateholders of the Investor Amount and (iii) the Termination Date.

Principal Payment Period means the period beginning on the Initial Principal Payment Date following the Servicer's election not to extend such Initial Principal Payment Date and ending on the earliest to occur of (i) the commencement of the Early Amortization Period, (ii) the payment in full of the Invested Amount and (iii) the Series 1999-2 Termination Date. During the Principal Payment Period, interest will be paid monthly on each Distribution Date, and amounts then on deposit in the Principal Funding Account and Available Series 1999-2 Principal Collections with respect to each Distribution Date commencing on the Initial Principal Payment Date will be paid first to the Class A Securityholders until the earlier of the date on which the Class A Invested Amount is paid in full or the Series 1999-2 Termination Date and then to the Class B Securityholders until the earlier of the date on which the Class B Invested Amount is paid in full or the Series 1999-2 Termination Date. Subject to the Agreement, payments of principal are limited to the unpaid Class B Invested Amount of the Class B Securities, which may be less than the unpaid balance of the Class B Securities pursuant to the terms of the Agreement. All principal on the Class B Securities is due and payable no later than the January 2010 Distribution Date (or if such day is not a Business Day, the next succeeding Business Day) (the "Scheduled Series 1999-2 Termination Date"). After the earlier to occur of (i) the Scheduled Series 1999-2 Termination Date or (ii) the day after the Distribution Date on which the Series 1999-2 Securities are paid in full (the "Series 1999-2 Termination Date") neither the Trust nor the Transferor will have any further obligation to distribute principal or interest on the Class B Securities. In the event that the Class B Invested Amount is greater than zero on the Series Termination Date, the Trustee will sell or cause to be sold, to the extent necessary, an amount of interests in the Receivables or certain of the Receivables up to 110% of the Class A Invested Amount and the Class B Invested Amount at the close of business on such date (but not more than the total amount of Receivables allocable to the Investor Securities), and shall pay the proceeds to the Class A Securityholders pro rata in final payment of the Class A Securities and then to the Class B Securityholders pro rata in final payment of the Class B Securities. Unless the certificate of authentication hereon has been executed by or on beha...

Examples of Principal Payment Period in a sentence

• The "Subordinated Excess Principal Shortfall" of the Designated Series for any 63 63 Distribution Date with respect to the Principal Payment Period shall equal the excess of the Invested Amount over the sum of (i) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Subordinated Excess Principal Collections) and (ii) the Principal Shortfall for such Distribution Date.

• The "Subordinated Excess Principal Shortfall" of the Designated Series for any Distribution Date with respect to the Principal Payment Period shall equal the excess of the Invested Amount over the sum of (i) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Subordinated Excess Principal Collections) and (ii) the Principal Shortfall for such Distribution Date.

• Notwithstanding any provision in the Managed Care Entity’s network agreement, the Provider shall not be required to submit any disputes between the parties to binding arbitration.

• For each Transfer Date with respect to the Controlled Accumulation Period, the Principal Payment Period or the Rapid Amortization Period, any such Unallocated Principal Collections held in the Excess Funding Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.11 on such Transfer Date.

• The Principal Payment Period for the 2014 Series A Bonds shall be the twelve calendar months next preceding each maturity date or Mandatory Sinking Account Payment date for such Bonds.

More Definitions of Principal Payment Period

Principal Payment Period means, with respect to the 2014 Series A Bonds, the period beginning on the date of issuance of such Bonds and ending October 1, 2015, and thereafter each period of twelve months ending on October 1.

Principal Payment Period if applicable, shall mean, upon the occurrence of a Principal Payment Event, the

Principal Payment Period means the period beginning at the close of business on the Business Day immediately preceding the Interest Payment Date that follows the occurrence of a Principal Payment Event and ending upon the earlier to occur of (i) the commencement of the Early Amortization Period, (ii) the payment in full to the Class A Certificateholders and the Class B Certificateholders of the Class A Invested Amount and the Class B Invested Amount, respectively and (iii) the Series Termination Date.

Principal Payment Period means, with respect to the 2024 Series A Bonds, the period beginning on the Closing Date in respect of such Bonds and ending October 1, 2025, and thereafter each period of twelve months ending on October 1.

Principal Payment Period if applicable, shall mean, upon the occurrence of a Principal Payment Event, the 28 28

Principal Payment Period means the period beginning on the Initial Principal Payment Date and ending on the earliest to occur of (i) the commencement of the Early Amortization Period, (ii) the payment in full of the Invested Amount and (iii) the Series 1999-2 Termination Date.

Principal Payment Period means the period beginning on the first day of the Monthly Period second preceding the Initial Principal Payment Date following the Transferor's election not to extend such Initial Principal Payment Date and ending on the earliest to occur of (i) the Rapid Amortization Period, (ii) the payment in full of the Invested Amount and (iii) the Series 1996-1