Regular Principal Payment Amount definition
Regular Principal Payment Amount. On each Payment Date, an amount equal to the lesser of:
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (a) the Aggregate Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to Sections 8.06(a)(v), (vii), (ix) and (xi) of the Indenture) over (b) (i) the Adjusted Loan Principal Balance as of the end of the related Collection Period minus (ii) the Required Overcollateralization Amount.
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (i) the Aggregate Note Principal Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to clauses seventh, ninth and twelfth of the Priority of Payments set forth above) over an amount, not less than zero, equal to (ii)
More Definitions of Regular Principal Payment Amount
Regular Principal Payment Amount means, with respect to any Payment Date and the related Collection Period, an amount equal to the lesser of (i) the Loan Balance on that Payment Date (after giving effect to any other payments of principal made on that Payment Date) and (ii) (a) an amount by which (1) the sum of the Loan Balance on that Payment Date (before giving effect to any payments of principal made on that Payment Date) and the Target Overcollateralization Amount exceeds (2) the Pool Balance as of the last day of such Collection Period minus (b) the First Priority Principal Payment Amount.
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (a) the Aggregate Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to Sections 8.06(a)(v), (vii), (ix) and (xi) of the Indenture) over (b) (i) the Adjusted Loan SALE AND SERVICING AGREEMENT (RMIT 2024-1) – Schedule II - 31 Principal Balance as of the end of the related Collection Period minus (ii) the Required Overcollateralization Amount.
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the lesser of (a) the aggregate amount of Available Funds for such Payment Date remaining after giving effect to the allocation of Available Funds pursuant to clauses (i) through (xii) in the priority of payments specified in Section 5.15(a) and (b) the aggregate outstanding principal balance of the Series 2025-C Notes as of the related Determination Date.
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (a) the Aggregate Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to Sections 8.06(a)(v), (vii), (ix) and (xi) of the Indenture) over (b) (i) the Adjusted Loan Principal Balance as of the end of the related Collection Period minus (ii) the Required Overcollateralization Amount. SALE AND SERVICING AGREEMENT (RMIT 2024-2) – Schedule II - 31
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (a) the Aggregate Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to Sections 8.06(a)(v) of the Indenture) over (b) (i) the Adjusted Loan SALE AND SERVICING AGREEMENT (RMIT 2021-3) – Schedule II - 27 Principal Balance as of the end of the related Collection Period minus (ii) the Required Overcollateralization Amount. Following the Revolving Period Termination Date, the Regular Principal Payment Amount will be equal to the Aggregate Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal Distribution Account pursuant to Sections 8.06(a)(v) of the Indenture).
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of the (a) the aggregate outstanding principal balance of the Series 2025-A Notes as of the related Determination Date minus the amount on deposit in the Payment Account (after giving effect to any allocations on such Payment Date to the Payment Account pursuant to clauses (iv), (vi), (viii), (x) and (xii) in the priority of payments specified in Section 5.15(a) over (b) (i) the Outstanding Receivables Balance as of the end of the related Monthly Period minus (ii) the Required Overcollateralization Amount.
Regular Principal Payment Amount means, with respect to any Payment Date, an amount equal to the excess (if any) of (i) the Aggregate Note Principal Balance as of the end of the related Collection Period minus