Principal Receipts definition

Principal Receipts has the meaning specified in Section 5.2. Pro Rata Basis has the meaning specified in Section 8.2. Put Option Agreement means the agreement between Lender and TALF LLC, pursuant to which Lender shall have the option to sell or assign from time to time, and TALF LLC shall have the obligation to purchase from Lender from time to time,

Principal Receipts means, in relation to the Mortgages Trustee, any payment in respect of principal received in respect of any Mortgage Loan, whether as all or part of a Monthly Payment in respect of such Mortgage Loan, on redemption (including partial redemption) of such Mortgage Loan, on enforcement or on the disposal of such Mortgage Loan or otherwise (including payments pursuant to any Insurance Policy)(and which may include the amount of any Overpayment in respect of any Non-Flexible Mortgage Loan, but only to the extent permitted by Clause 13.1 (Non-Flexible Mortgage Loans) of the Mortgages Trust Deed, and which also may include the amount of any Further Contribution made by Funding from time to time) and in relation to any distributions of Principal Receipts which have been or are to be made on a Distribution Date, Principal Receipts shall mean Mortgages Trustee Principal Receipts;

Principal Receipts means any payment in respect of principal received in respect of any Loan (including payments pursuant to any Insurance Policies), whether as all or part of a Monthly Payment in respect of such Loan, on redemption (including partial redemption) of such Loan, on enforcement of such Loan (including the proceeds of sale of the relevant Property) or on the disposal of such Loan or otherwise (without double counting but including principal received or treated as received after completion of the enforcement procedures);

Examples of Principal Receipts in a sentence

• In addition, to the extent that Directed Principal Receipts deposited to the Revenue Account are not sufficient to redeem the 2024 Series C-2 PAC Bonds such that only the 2024 Series C-2 PAC Bonds Applicable Outstanding Amount remains, the 2024 Series C-2 PAC Bonds shall continue to be subject to mandatory redemption on each Interest Payment Date from Directed Principal Receipts received prior to the following Interest Payment Date.

• In the event that the 2024 Series C-2 PAC Bonds are the only 2024 Series C Bonds outstanding, the Authority may elect to redeem 2024 Series C-2 PAC Bonds from Directed Principal Receipts without regard to the 2024 Series C-2 PAC Bonds Applicable Outstanding Amount table.

• The Trustee, upon the written direction of the Authority, shall transfer an amount equal to the Directed Principal Receipts held in the Revenue Account as of such date to the Redemption Account.

• The 2024 Series C-2 PAC Bonds are subject to mandatory redemption on each Interest Payment Date at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to the redemption date from Directed Principal Receipts (as defined in the Supplemental Indenture) in the manner provided below (except as may be required with respect to Tax Restricted Prepayments and Repayments (as defined and described in the Supplemental Indenture)).

• Upon such direction, the Trustee shall transfer an amount equal to the Directed Principal Receipts held in the Revenue Account as of such date to the Redemption Account.

More Definitions of Principal Receipts

Principal Receipts has the meaning specified in Section 5.2.

Principal Receipts means receipts in respect of Loans which are not Revenue Receipts including the following (to the extent that such amounts are not Revenue Receipts):

Principal Receipts means, on a relevant Calculation Date, an amount equal to the aggregate of (without double counting):

Principal Receipts means any payment by a mortgagor or any other recovery of principal on a Mortgage Loan, including scheduled and unscheduled installments of principal on the Mortgage Loan whether paid to the Trustee directly or through payments on or in disposition of a Certificate. Principal Receipts includes, without limitation, the portion of any Insurance Proceeds (to the extent not applied to the repair or restoration of any mortgaged premises), Liquidation Proceeds, amounts from the sale or other disposition of a Mortgage Loan (whether in the format of a Whole Loan or Certificate) or net recovery from Supplemental Mortgage Coverage to the extent not included in Insurance Proceeds, in each case representing such principal amounts.

Principal Receipts means in relation to the Mortgages Trustee any payment in respect of principal received in respect of any Mortgage Loan, whether as all or part of a Monthly Payment in respect of such Mortgage Loan, on redemption (including partial redemption) of such Mortgage Loan, on enforcement or on the disposal of such Mortgage Loan or otherwise (including payments pursuant to any Insurance Policy)(and which may include the amount of any Overpayment in respect of any Non-Flexible Mortgage Loan, but only to the extent permitted by Clause 13.1 (Non-Flexible Mortgage Loans) of the Mortgages Trust Deed, and which also may include the amount of any Further Contribution made by Funding from time to time);

Principal Receipts means in relation to a Collection Period, the amount credited (or in relation to a Determination Period, the actual amount that should have been credited) to the Principal Ledger for such Collection Period.

Principal Receipts means, on any Principal Determination Date, the moneys standing to the credit of the Transaction Account and representing the credit balance on the Principal Ledger;