Required Principal definition

Required Principal. As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

Required Principal shall have the meaning specified in the Standard Terms; provided, however, that in the case of an Early Termination, Required Principal shall be the Early Termination Price.

Required Principal for the Certificates for any Distribution Date means the amount received on the Underlying Securities attributable to principal payments thereon during the related Collection Period.

Examples of Required Principal in a sentence

• The obligation of the Trustee to ------------- authenticate the Investor Certificates of a new Series and to execute and deliver the related Supplement shall be subject to the conditions set forth in Section 6.03(b) of the Agreement and to the additional condition that, as of the Series Issuance Date and after giving effect to such issuance, the aggregate amount of Principal Receivables equals or exceeds the Required Principal Balance.

• The obligation of the Trustee to authenticate the Investor Certificates of a new Series and to execute and deliver the related Supplement shall be subject to the conditions set forth in Section 6.03(b) of the Agreement and to the additional condition that, as of the Series Issuance Date and after giving effect to such issuance, the aggregate amount of Principal Receivables equals or exceeds the Required Principal Balance.

• If as a result of Realized Losses, the Amount Available on any Payment Date is insufficient to pay the full Required Principal Payment Amount for such Payment Date to the Noteholders, the Overcollateralization Amount will be reduced by the amount of that deficiency.

• The obligation of the Trustee to authenticate the Investor Certificates of a new Series and to execute and deliver the related Supplement shall be subject to the conditions set forth in subsection 6.03(b) of the Agreement and to the additional condition that, as of the Series Issuance Date and after giving effect to such issuance, the aggregate amount of Principal Receivables equals or exceeds the Required Principal Balance.

• The Note Trust Principal Balance is less than the Required Principal Balance Note Trust Principal Balance: i.

More Definitions of Required Principal

Required Principal. (rr) "Required Percentage"; (ss) "Required Rating"; (tt) "Requisite Reserve Amount"; (uu) "Retained Interest"; (vv) "Scheduled Final Distribution Date"; (ww) "Specified Currency"; (xx) "Surety Bond"; (yy) "Term Asset Provider"; (zz) "Term Asset Purchase Agreement"; (aaa) "Term Assets"; (bbb) "Term Assets Issuer"; (ccc) "Term Assets Schedule"; (ddd) "Trust"; (eee) "Trustee"; (fff) "Trust Termination Event";

Required Principal shall have the meaning specified in the Standard Terms; provided, however, that in the case of an Optional Redemption, Required Principal shall be the Redemption Price.

Required Principal. As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from any Credit Support or any Swap Agreement and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

Required Principal. ’ means, with respect to any Mandatory Redemption Date, the greater of (a) zero and (b) a principal amount of the New Senior Notes calculated as (i) the ‘‘Principal amount to be redeemed’’ set forth in the applicable table appearing above on such Mandatory Redemption Date minus (ii) the aggregate principal amount of the New Senior Notes redeemed (other than the aggregate principal amount redeemed by prior redemptions on any Mandatory Redemption Date pursuant to this section) on or prior to such Mandatory Redemption Date (which have not been deducted from the Required Principal on a prior Mandatory Redemption Date pursuant to this section) . If the amount under (ii) is greater than (i) , such excess portion shall be carried forward as though it forms part of (ii) for the purposes of the redemptions pursuant to this section on future Mandatory Redemption Date (with allocation by chronological order) .「規定本金額」指就任何強制贖回日期而言， (a) 零及(b) 新優先票據的本金額的較高者， 乃按(i) 有關強制贖回日期的上表所載的「將予贖回之本金額」減(ii) 於有關強制贖回日期或之前贖回的新優先票據本金總額（ 不包括根據本節於任何強制贖回日期透過事先贖回而贖回的本金總額 ）計算（ 並未根據本節於先前強制贖回日期自規定本金額扣除 ）。 倘(ii) 項下的金額大於(i) ， 則有關超出部分須予以結轉， 猶如其於未來強制贖回日期就根據本節贖回而言構成(ii) 的一部分（ 按時間順序分配）。

Required Principal. Requisite Reserve Amount"

Required Principal is the amount which, when subtracted from the outstanding balance of the Project Loans, would cause the debt service for the Project Loans for the most recent Fiscal Quarter to be reduced to an amount (assuming the Project Loans were reamortized after giving effect to an allocation of the Required Principal to the Project Loans) which would result in the debt coverage requirement for such Fiscal Quarter having been satisfied. The failure of the Projects to meet the required Portfolio Debt Coverage Ratio, without subsequent and timely payment of the cash necessary to cure the default, shall constitute an immediate Event of Default.

Required Principal means: [specify if different than the Standard Terms]]