Remaining Series Available Principal Collections Shortfall definition

Remaining Series Available Principal Collections Shortfall has, with respect to any Series of Notes, the meaning specified in the applicable Indenture Supplement for such Series of Notes.
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Remaining Series Available Principal Collections Shortfall has, with respect to any Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes.
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Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the ONEseries, the excess, if any, of (x) the Series Available Principal Collections Shortfall, for such Monthly Period, over (y) the Shared Excess Available Principal Collections from other Series of Asset Pool One Notes allocated to the ONEseries pursuant to Section 3.28 for such Monthly Period and (2) with respect to any other Series of Asset Pool One Notes , the amount set forth in the applicable Indenture Supplement for such Monthly Period.
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Examples of Remaining Series Available Principal Collections Shortfall in a sentence

  • On each Determination Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Asset Pool One Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

  • On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

  • On each Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.


More Definitions of Remaining Series Available Principal Collections Shortfall

Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 2019- 1, the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 2019-1 Notes from other Shared Excess Available Principal Collections Series for such Monthly Period and (b) with respect to any other Series of Notes, the amount set forth in the applicable Indenture Supplement for such Monthly Period.
Sample 1
Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 2024- CRT4, the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 2024-CRT4 Notes from other Shared Excess Available Principal Collections Series for
Sample 1
Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 201[_]-[_], the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 201[_]-[_] Notes from other Shared Excess Available Principal Collections Series for such Monthly Period and (b) with respect to any other Series of Notes, the amount set forth in the applicable Indenture Supplement for such Monthly Period.
Sample 1
Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the ONEseries, the excess, if any, of (x) the Series Available Principal Collections Shortfall, for such Monthly Period, over (y) the Shared Excess Available Principal Collections from other Series of Asset Pool One Notes allocated to the ONEseries pursuant to Section 3.28 for such Monthly Period and (2) with respect to any other Series of Asset Pool One Notes , the amount set forth in the applicable Indenture Supplement for such Monthly Period. "REQUIRED EXCESS SPREAD PERCENTAGE" means 0%; PROVIDED, HOWEVER, that the Issuer may, from time to time, change such percentage (which will never be less than zero) (i) upon written notice to the Indenture Trustee, (ii) upon prior written confirmation from the Note Rating Agencies that a Ratings Effect will not occur with respect to such change and (iii) PROVIDED the Issuer reasonably believes, as evidenced by an Officer's Certificate delivered to the Indenture Trustee, that such change will not have an Adverse Effect. "REQUIRED SUBORDINATED AMOUNT" means, with respect to any Tranche of a Senior Class of ONEseries Notes, the aggregate Nominal Liquidation Amount of a Subordinated Class of ONEseries Notes, as specified in the applicable Terms Document for such Tranche of the Senior Class, that is required to be Outstanding and available on any date in each Monthly Period during which the Senior Class is Outstanding.
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Related to Remaining Series Available Principal Collections Shortfall

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series2023-3 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2023-3 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.