Principal Sharing Group One definition

Principal Sharing Group One means Series 2019-3 and each other Series stated in the related Indenture Supplement to be included in Principal Sharing Group One.
Principal Sharing Group One means Series 20 - and each other Series stated in the related Indenture Supplement to be included in Principal Sharing Group One.
Principal Sharing Group One means Series 2018-1 and each other Series specified in the related Indenture Supplement as being included in Principal Sharing Group One.

Examples of Principal Sharing Group One in a sentence

  • On each Payment Date, Series 20__-__ will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Principal Shortfall for Series 20__-__ for that Payment Date and a denominator equal to the aggregate amount of Principal Shortfalls for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.


More Definitions of Principal Sharing Group One

Principal Sharing Group One means Series 2007-1 and each other Series specified in the related Indenture Supplement to be included in Principal Sharing Group One.
Principal Sharing Group One means Series __ and each other Series specified in the related Indenture Supplements to be included in Principal Sharing Group One.
Principal Sharing Group One means Series 2012-VFN and each other Series specified in the related Indenture Supplement as being included in Principal Sharing Group One.
Principal Sharing Group One means Series 2006-3 and each other Series specified in the related Indenture Supplements to be included in Principal Sharing Group One.
Principal Sharing Group One means Series 2011-1 and each other Series specified in the related Indenture Supplement to be included in Principal Sharing Group One.

Related to Principal Sharing Group One

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.