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.
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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.
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Principal Payment Rate means, with respect to any Monthly ---------------------- Period, the percentage equivalent of a fraction the numerator of which is an amount equal to the deemed payments of Principal Receivables processed during such Monthly Period and the denominator of which is an amount equal to the aggregate amount of Principal Receivables in the Trust determined as of the close of business on the last day of the prior Monthly Period.
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Examples of Principal Payment Rate in a sentence

  • As noted previously, much of the literature regarding mergers and cost savings focuses on advantages associated with firm size.

  • Principal Payment Rate means on any Note Payment Date in respect of an Asset Purchaser, items (i), (iii), (iv), (v), (vi), (vii) and (ix) of the Asset Purchaser Principal Available Amounts in relation to the immediately preceding Note Collection Period, divided by the Outstanding Principal Amount of the Mortgage Receivables of such Asset Purchaser on the first day of the immediately preceding Note Collection Period.

  • Quarterly Principal Payment Rate87.59%Is the Quarterly Principal Payment Rate greater than 60%?YES AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Stephen J.

  • Principal Payment Rate Current Monthly Period86.95%Prior Monthly Period94.86%Second Prior Monthly Period94.24%8.

  • Principal Payment Rate Period Ended 30Jun 2018 Year Ended 31 Dec 2017 Year Ended 31 Dec 2016 Year Ended 31 Dec 2015 Year Ended 31 Dec 2014 NotesLowest Month(1) .....................

  • Responsible to: Principal Payment Rate: School secretary will start at a salary commensurate with qualifications and experience.

  • Principal Payment Rate Current Monthly Period94.86%Prior Monthly Period94.24%Second Prior Monthly Period91.55%8.

  • Principal Payment Rate means on any Note Payment Date, items (i), (iii), (iv), (v), (vi), (vii), (viii) and (x) of the Asset Purchaser Principal Available Amounts in relation to the immediately preceding Note Collection Period, divided by the Outstanding Principal Amount of the Mortgage Receivables of the Asset Purchaser on the first day of the immediately preceding Note Collection Period.

  • Responsible To: Principal Payment Rate: Classroom aides will start at a salary commensurate with qualifications and experience.

  • After a period of twenty-four (24) hours, if repairs are not made, the City will direct other forces to repair this equipment and charge the polymer supplier.DS7.


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:
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Principal Payment Rate means, with respect to any Monthly Period, the percentage equivalent
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Principal Payment Rate means, with respect to any Monthly Period, a fraction, the numerator of which is the amount of Collections of Principal Receivables for such Monthly Period and the denominator of which is the amount of Principal Receivables as of the last day of the prior Monthly Period (or with respect to the first Monthly Period, the aggregate amount of Principal Receivables as of the Closing Date).
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Related to Principal Payment Rate

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Payment Rate means the rate (expressed in £/MWh, £/Mvarh or £/MWs2h as appropriate ) for the calculation of payments for DS3 System Services as specified in the Charging Statement;

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Expected Principal Payment Date means April 15, 2021.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Late Payment Rate As defined in the Insurance Agreement.

  • Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Scheduled Principal Payment Date means [ ].

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.