Principal Payment Rate definition
Principal Payment Rate means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Principal Collections received during such Monthly Period and the denominator of which is the aggregate principal amount of billed balances as of the first day of such Monthly Period.
Principal Payment Rate means, with respect to any Monthly Period, the percentage equivalent of a fraction the numerator of which is the Collections of Principal Receivables for such Monthly Period and the denominator of which is the aggregate amount of Principal Receivables as of the last day of the prior Monthly Period.
Principal Payment Rate means, with respect to any Monthly Period, the percentage equivalent
More Definitions of Principal Payment Rate
Principal Payment Rate or "PPR means the average monthly rolling principal payment rate on the Loans for the 12 months immediately preceding the relevant Distribution Date calculated on each such date by:
Principal Payment Rate means, for any Monthly Period, (a) the aggregate ---------------------- amount of Principal Collections deposited in the Collection Account during that Monthly Period, divided by (b) the Aggregate Principal Receivables as of the ------- -- close of business on the last day of the prior Monthly Period.
Principal Payment Rate or "PPR" means the average monthly rolling principal payment rate on the Loans for the 12 months immediately preceding the relevant Distribution Date calculated on each such date by: