Regular Principal Payment Amount definition

Regular Principal Payment Amount. On each Payment Date, an amount equal to the lesser of:
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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.
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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, twelfth, fifteenth, eighteenth and twenty-first of the Priority of Payments set forth above) over an amount, not less than zero, equal to
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More Definitions of Regular 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.
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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.
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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.
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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
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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
Sample 1
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).
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Related to Regular Principal Payment Amount

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.

  • Expected Principal Payment Date means March 15, 2022.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.