Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Fourth Allocation of Principal for such Payment Date.

Regular Allocation of Principal means, with respect to any Payment Date, an amount equal to the lesser of (i) the Note Balance of the Notes on as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) and (ii) an amount equal to the excess of: (A) (x) the Note Balance of the Notes as of such Payment Date (before giving effect to any payments made on the Notes as of such Payment Date); minus (y) the sum of the First Allocation of Principal and the Second Allocation of Principal, if any, in each case for such Payment Date; over (B) the Net Pool Balance as of the end of the related Collection Period less the Targeted Overcollateralization Amount.

Examples of Regular Allocation of Principal in a sentence

Principal Payment Amounts Principal payments will be made to the Noteholders in an amount equal to the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Allocation of Principal for each Payment Date and, if the Target Overcollaterization Level has not been met, the Excess Allocation of Principal.

More Definitions of Regular Allocation of Principal

Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the sum of (A) the Pool Balance as of the end of the related Collection Period plus (B) amounts, if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

Regular Allocation of Principal means, with respect to any payment date, an amount not less than zero equal to (a) the excess, if any, of (i) aggregate principal amount of the receivables (excluding Liquidated Receivables) as of the beginning of the related collection period minus the aggregate principal amount of the receivables (excluding Liquidated Receivables) as of the end of the related collection period over (ii) the sum of the First Allocation of Principal for such Payment Date, the Second Allocation of Principal for such Payment Date and the Third Allocation of Principal for such Payment Date, minus (b) the excess, if any, of (i) the aggregate principal amount of the receivables (excluding Liquidated Receivables) as of the beginning of the related collection period minus the aggregate outstanding principal amount of the notes as of the beginning of the related collection period over (ii) the Target Overcollateralization Level for that payment date.

Regular Allocation of Principal means, with respect to any Payment Date, an amount equal to the lesser of (i) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to the Noteholders on that Payment Date) and (ii) an amount equal to the excess of: (A) (x) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to Noteholders on that Payment Date); minus (y) the sum of the First Allocation of Principal and the Second Allocation of Principal, if any, in each case for such Payment Date; over (B) the Pool Balance at the end of the related Collection Period less the Targeted Overcollateralization Amount.

Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to the excess, if any, of (a) Pool Balance (excluding Liquidated Receivables) as of the beginning of the related Collection Period minus the Pool Balance (excluding Liquidated Receivables) as of the end of the related Collection Period over (b) the sum of the First Allocation of Principal for such Payment Date, the Second Allocation of Principal for such Payment Date and the Third Allocation of Principal for such Payment Date, minus (b) the excess, if any, of (i) the aggregate principal amount of the receivables (excluding Liquidated Receivables) as of the beginning of the related Collection Period minus the aggregate outstanding principal amount of the notes as of the preceding Payment Date (after giving effect to all payments made on such date) over (iii) the Target Overcollateralization Level for that Payment Date.

Regular Allocation of Principal means, for any Payment Date, an amount not less than zero equal to the lesser of (a) the excess of (i) the sum of (A) the Aggregate Securitization Value as of the first day of the related Collection Period minus the Aggregate Securitization Value as of the last day of the related Collection Period plus (B) any Noteholders’ Principal Carryover Shortfall for such Payment Date, if any, over (ii) the First Allocation of Principal for such Payment Date, if any, and (b)(i) the outstanding Note Balance of the Notes minus (ii) the First Allocation of Principal for such Payment Date; provided, that if the sum of the amounts in the Reserve Account and the remaining Available Funds after the payments under clauses (i) through (vi) of Section 8.04(a) of the Indenture would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Notes and the Servicer has so specified in the Payment Date Certificate, then the Regular Allocation of Principal for such Payment Date shall equal the Note Balance less the First Allocation of Principal; provided, further, that the Regular Allocation of Principal on and after the Note Final Scheduled Payment Date for the Class B Notes will not be less than the amount that is necessary to reduce the note balance of the Class B Notes to zero.

Regular Allocation of Principal means, with respect to any Payment Date, an amount equal to the lesser of (i) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to the Noteholders on that Payment Date) and (ii) an amount equal to the excess of: (A) (x) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to Noteholders on that Payment Date); minus (y) the First Allocation of Principal, if any, in each case for such Payment Date; over (B) the Pool Balance at the end of the related Collection Period less the Targeted Overcollateralization Amount.