Series Principal Collections definition

Series Principal Collections means, with respect to any day or any Distribution Date or Trust Distribution Date, as applicable, the sum of the amount of Class Principal Collections for each Class for such day or for the related Due Period, as applicable.

Series Principal Collections with respect to any Series for any specified period of time shall have the meaning set forth in the applicable Series Supplement.

Series Principal Collections means, for any day or any distribution date, the sum of the amount of Class Principal Collections for each class of this series for that day or for the related Due Period, as applicable.

Examples of Series Principal Collections in a sentence

• On or before each Distribution Date, the Master Servicer shall direct the Trustee in writing to withdraw from the Group Collections Account and deposit into the Series Collections Account an amount equal to the sum of the Series Finance Charge Collections and the Series Principal Collections for the related Due Period.

• The Trust shall possess all right, title and interest in all funds on deposit in the Series Distribution Account, the Series Collections Account and the Series Principal Collections Account; provided, however, that all interest and earnings (less investment expenses) on funds on deposit in any such account shall be paid to the Holder of the Seller Certificate in accordance with Section 4.02(c) of the Pooling and Servicing Agreement.

• Pursuant to authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Series Distribution Account, the Series Collections Account and the Series Principal Collections Account for the purpose of carrying out the duties of the Master Servicer hereunder.

• The Master Servicer at all times shall maintain accurate records reflecting each transaction in the Series Distribution Account, the Series Collections Account and the Series Principal Collections Account.

• On or before each Distribution Date, the Master Servicer shall direct the Trustee in writing to withdraw from the Group Collections Account and deposit into the Series Collections Account an amount equal to the sum of the Series Finance Charge Collections, the Series Principal Collections and the Series Interchange for the related Due Period.

More Definitions of Series Principal Collections

Series Principal Collections means, with respect to any Monthly Period, the Principal Collections allocated to the Series [•] Notes pursuant to Section 4.01(c).

Series Principal Collections means, with respect to any Collateral Certificate, amounts designated as “Series Principal Collections” or a comparable term in the applicable Series Supplement.

Series Principal Collections. With respect to any date, the amount of the Nonoverconcentration Principal Collections for that date allocated to the Series 20[ ]-[ ] pursuant to Section 4.01(c).

Series Principal Collections means, with respect to the SynchronySeries, the SynchronySeries Principal Collections.

Series Principal Collections means, for each Allocation Day, an amount equal to the product of (a) the amount of the Principal Collections received since the beginning of the preceding Allocation Day but prior to the beginning of the current Allocation Day and (b) the Series 2000-1 Allocation Percentage applicable to the allocation of Series Principal Collections as of such Allocation Day.

Series Principal Collections means, in respect of a Determination Period and for, a Series the sum of:

Series Principal Collections means, with respect to the aggregate amount of Principal Collections received since the beginning of the preceding Business Day, that portion allocated to the Series 1996-1 in accordance with Section 4.04 of the Agreement.