Quarterly Scheduled Principal Amount definition

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, (i) with respect to the Series 2022-1 Class A-2-I Notes, $2,750,000 and (ii) with respect to the Series 2022-1 Class A-2-II Notes, $2,750,000; provided that amounts paid to the Series 2022-1 Class A-2 Noteholders in respect of the Series 2022-1 Class A-2 Outstanding Principal Amount (x) in respect of amounts allocated pursuant to priority (i)(D) of the Priority of Payments shall reduce the respective Quarterly Scheduled Principal Amounts ratably and (y) as optional prepayments pursuant to Section 3.06(f) shall reduce all remaining Quarterly Scheduled Principal Amounts with respect to the applicable Tranche ratably. Series 2022-1 Class A-2 Notes that are cancelled pursuant to Section 2.14 of the Base Indenture shall reduce the applicable Quarterly Scheduled Principal Amounts prior to the applicable Series 2022-1 Anticipated Repayment Date ratably based on the Outstanding Principal Amount of such Series 2022-1 Class A-2 Notes. For purposes of the Base Indenture, Quarterly Scheduled Principal Amounts shall be deemed to be “Scheduled Principal Payments”.

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, (i) with respect to the Series 2019-1 Class A-2-I Notes, $1,437,500, (ii) with respect to the Series 2019-1 Class A-2-II Notes, $687,500 and (iii) with respect to the Series 2019-1 Class A-2-III Notes, $1,125,000; provided that amounts paid to the Series 2019-1 Class A-2 Noteholders in respect of the Series 2019-1 Class A-2 Outstanding Principal Amount (x) in respect of amounts allocated pursuant to priority (i)(D) of the Priority of Payments shall reduce the respective Quarterly Scheduled Principal Amounts ratably and (y) as optional prepayments pursuant to Section 3.06(f) shall reduce all remaining Quarterly Scheduled Principal Amounts with respect to the applicable Tranche ratably. Series 2019-1 Class A-2 Notes that are cancelled pursuant to Section 2.14 of the Base Indenture shall reduce the applicable Quarterly Scheduled Principal Amounts prior to the applicable Series 2019-1 Anticipated Repayment Date ratably based on the Outstanding Principal Amount of such Series 2019-1 Class A-2 Notes. For purposes of the Base Indenture, Quarterly Scheduled Principal Amounts shall be deemed to be “Scheduled Principal Payments”.

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, with respect to the Series 2016-1 Class A-1 Notes, for any Quarterly Payment Date before December 2017, zero, and for any Quarterly Payment Date on or after December 2017, $218,750,000; provided that amounts paid to the Class A Noteholders in respect of the Series 2016-1 Class A Outstanding Principal Amount (x) in respect of amounts allocated pursuant to clause (i)(B) of the Priority of Payments shall reduce the respective Quarterly Scheduled Principal Amounts pro rata or (y) as optional prepayments pursuant to Section 3.6(f), shall reduce the respective Quarterly Scheduled Principal Amounts ratably based on the Outstanding Principal Amount of such optional prepayment. Series 2016-1 Class A Notes that are cancelled pursuant to Section 2.14 of the Base Indenture shall reduce the applicable Quarterly Scheduled Principal Amounts ratably based on the Outstanding Principal Amount of such Series 2016-1 Class A Notes. For purposes of the Base Indenture, Quarterly Scheduled Principal Amounts shall be deemed to be “Scheduled Principal Payments.”

Examples of Quarterly Scheduled Principal Amount in a sentence

• Quarterly Scheduled Principal Amount, Quarterly Scheduled Principal Amounts and Quarterly Scheduled Principal Deficiency Amounts.

• No Optional Prepayment may be made which results in a failure to pay any Class A Notes Accrued Quarterly Scheduled Principal Amount on any Class A Notes or any Quarterly Scheduled Principal Deficiency Amount on a Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date).

• Payment of Class A Notes Accrued Quarterly Scheduled Principal Amount, Quarterly Scheduled Principal Amounts and Quarterly Scheduled Principal Deficiency Amounts .

• No Optional Prepayment may be made which results in a failure to pay any Quarterly Scheduled Principal Amount or any Quarterly Scheduled Principal Deficiency Amount on a Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date).

• The Master Issuer may also use the net proceeds of this offering (i) $● to prefund the Series 2019-1 Senior Notes Quarterly Interest Amount that will be payable on the Quarterly Payment Date in August 2019 and (ii) $● to prefund the Series 2019-1 Senior Notes Quarterly Scheduled Principal Amount that will be payable with respect to the Offered Notes on the Quarterly Payment Date in August 2019.

• Any additional net proceeds may be applied by the Master Issuer to prefund all or a portion of the Senior Notes Quarterly Interest Amount and the Offered Notes Quarterly Scheduled Principal Amount that will be payable on the Quarterly Payment Date in November 2019, contributed by the Master Issuer to one or more other Securitization Entities for working capital purposes, and/or distributed to Jack in the Box Inc.

• Scheduled Principal Amount due and payable, if any, on the related Quarterly Payment Date and (b) the Quarterly Scheduled Principal Deficiency Amount, if any, then on each subsequent Quarterly Payment Date, 100% of funds available pursuant to clause (ix) of the Priority of Payments will be paid to the Class A Noteholders until the Class A Notes Accrued Quarterly Scheduled Principal Amount and the Quarterly Scheduled Principal Deficiency Amount due and payable has been paid in full.

• No Optional Prepayment may be made which results in a failure to pay any Class A Notes Accrued Quarterly Scheduled Principal Amount on any Class A Notes on a Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date).

More Definitions of Quarterly Scheduled Principal Amount

Quarterly Scheduled Principal Amount means, (i) with respect to any Quarterly Payment Date before December 15, 2018, zero and (ii) for any Quarterly Payment Date on or after December 15, 2018, 2.5% of the Outstanding Principal Amount as of such date.

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, (i) with respect to the Series 2024-1 Class A-2-I Notes, $1,062,500 and (ii) with respect to the Series 2024-1 Class A-2-II Notes, $937,500. For purposes of the Base Indenture, Quarterly Scheduled Principal Amounts shall be deemed to be “Scheduled Principal Payments”. “Quarterly Scheduled Principal Deficiency Amount” means, as of any date of determination, the amount, if any, of due and unpaid Quarterly Scheduled Principal Amount with respect to each Quarterly Payment Date prior to such date of determination. For purposes of the Base Indenture, the “Quarterly Scheduled Principal Deficiency Amount” shall be deemed to be a “Senior Notes Quarterly Scheduled Principal Deficiency Amount”. “Rating Agencies” means any of S&P, KBRA and any successor or successors thereto. In the event that at any time the rating agencies rating the Series 2024-1 Notes do not include S&P and/or KBRA, references to rating categories of S&P and/or KBRA in this Series 2024-1 Supplement shall be deemed instead to be references to the equivalent categories of such other rating agency as then has been appointed to rate and is rating the Series 2024-1 Notes as of the most recent date on which such other rating agency and S&P and/or KBRA published ratings for the type of security in respect of which such alternative rating agency is used. “Regulation S” means Regulation S promulgated under the 1933 Act. “Regulation S Global Notes” means, collectively, the Temporary Regulation S Global Notes and the Permanent Regulation S Global Notes. “Restricted Period” means, with respect to any Series 2024-1 Class A-2 Notes sold pursuant to Regulation S, the period commencing on the Series 2024-1 Closing Date and ending on the 40th day after the Series 2024-1 Closing Date.

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, (i) with respect to the Series 2022-1 Class A-2-I Notes,

Quarterly Scheduled Principal Amount means, with respect to each Quarterly Payment Date commencing on August 20, 2019, (i) with respect to the Series 2019-1 Class A-2-I Notes, $1,500,000, (ii) with respect to the Series 2019-1 Class A-2-II Notes,

Quarterly Scheduled Principal Amount means, with respect to any Quarterly Payment Date, (i) with respect to the Series 2018-1 Class A-1 Notes, for any Quarterly Payment Date before June 2021, zero, and for any Quarterly Payment Date on or after June 2021, $131,250,000 and (ii) with respect to the Series 2018-1 Class A-2 Notes, for any Quarterly Payment Date before June 2023, zero, and for any Quarterly Payment Date on or after June 2023, $91,875,000; provided that amounts paid to the Class A Noteholders in respect of the Series 2018-1 Class A Outstanding Principal Amount (x) in respect of amounts allocated pursuant to clause (i)(B) of the Priority of Payments shall reduce the respective Quarterly Scheduled Principal Amount pro rata or (y) as optional prepayments pursuant to Section 3.6(f), shall reduce the respective Quarterly Scheduled Principal Amount of the applicable Tranche of Series 2018-1 Class A Notes pro rata. Series 2018-1 Class A Notes that are cancelled pursuant to Section 2.14 of the Base Indenture shall reduce the applicable Quarterly Scheduled Principal Amount ratably based on the Outstanding Principal Amount of such Series 2018-1 Class A Notes. For purposes of the Base Indenture, the “Quarterly Scheduled Principal Amount” shall be deemed to be a “Scheduled Principal Payment” and a “Class A Notes Accrued Quarterly Scheduled Principal Amount.”