Supplemental Principal Payment Amount definition

Supplemental Principal Payment Amount means, on each Payment Date, the amount of any Prepayment made in accordance with the provisions of Section 702(a) of the Indenture that is allocated to the Series 2012-1 Notes in accordance with such provision of the Indenture.

Supplemental Principal Payment Amount. With respect to any Series of Notes on any Payment Date, an amount equal to the excess, if any, of (x) the then Aggregate Principal Balance (after giving effect to all payments of Minimum Principal Payment Amounts and Scheduled Principal Payment Amounts actually paid on such Payment Date), over (y) the Asset Base on such Payment Date.

Supplemental Principal Payment Amount means, with respect to any Payment Date occurring after the twelfth Payment Date following the Initial Closing Date, an amount equal to the excess of (a) the sum of the Outstanding Principal Balance of the ACS Group Loans (assuming that the Aggregate Scheduled Principal Payment Amount for such Payment Date has been paid) plus the aggregate outstanding principal amount under any Eligible Liquidity Facility over (b) the Required LTV of the sum of the Adjusted Appraised Values of all ACS Group Aircraft as of such Payment Date minus any amounts transferred to the Securities Account or the Shareholders Account pursuant to Section 3.06(h) to reimburse the Holders of the Class E Securities, the Shareholders and the Borrowers for ACS Group Conversion Payments made by the Borrowers in connection with one or more Conversion Elections.

Examples of Supplemental Principal Payment Amount in a sentence

• Notwithstanding the foregoing, if sufficient funds are not available to allow the Issuer to prepay the principal balance of the Warehouse Notes in an amount equal to the Asset Base Deficiency on such Payment Date, then the amount of any Supplemental Principal Payment Amount to be actually paid on such Payment Date shall be allocated among all Series of Notes then Outstanding (including the Term Notes) on a pro rata basis, in proportion to the then unpaid principal balance of such Notes.

• On each Payment Date, any Supplemental Principal Payment Amount then due and owing, shall be applied first to each Series of Warehouse Notes then Outstanding on a pro rata basis, in proportion to the then unpaid principal balance of such Warehouse Notes, until the principal balances of all Warehouse Notes have been paid in full, and then to all Series of Term Notes then Outstanding on a pro rata basis, in proportion to the then unpaid principal balance of each such Series of Term Notes.

• On each Payment Date, any Supplemental Principal Payment Amount then due and owing shall be applied first to each Series of Warehouse Notes then Outstanding on a pro rata basis, in proportion to the then unpaid principal balance of such Warehouse Notes, until the principal balances of all Warehouse Notes have been paid in full, and then to all Series of Term Notes then Outstanding on a pro rata basis, in proportion to the then unpaid principal balance of each such Series of Term Notes.

• Notwithstanding the foregoing, if sufficient funds are not available to allow the Issuer to prepay the principal balance of the Warehouse Notes on such Payment Date in an amount equal to the Asset Base Deficiency, then the amount of any Supplemental Principal Payment Amount to be actually paid on such Payment Date shall be allocated among all Series of Notes then Outstanding (including the Term Notes) on a pro rata basis, in proportion to the then unpaid principal balance of such Notes.

• Notwithstanding the foregoing, if sufficient funds are not available to allow the Issuer to prepay the principal balance of the VFNs in an amount equal to the Asset Base Deficiency on such Payment Date, then the amount of any Supplemental Principal Payment Amount to be actually paid on such Payment Date shall be allocated among all Series of Notes then Outstanding on a pro rata basis, in proportion to the Unpaid Principal Balance of such Notes.

More Definitions of Supplemental Principal Payment Amount

Supplemental Principal Payment Amount means that portion of the Supplement Principal Payment Amount (as defined in the Indenture) that has been allocated to Series 2012-1 in accordance with the provisions of Section 302(e) of the Indenture.

Supplemental Principal Payment Amount means, the greater of (a) the Asset Base Deficiency, and (b) any outstanding Note Principal Balance Reduction.

Supplemental Principal Payment Amount. With respect to any Series of Senior Notes on any Payment Date, one of the following:

Supplemental Principal Payment Amount means, with respect to Series 2013-1, the Class A Supplemental Principal Payment Amount and the Class B Supplemental Principal Payment Amount.

Supplemental Principal Payment Amount means, with respect to any Engine Disposition, an amount equal to (a) the Allocable Debt Amount in respect of the Engine subject to such Engine Disposition, or (b) if, in accordance with Section 3.01(j)(i), the Issuer has elected to use Net Sale Proceeds received on account of such Engine Disposition to acquire a Replacement Engine in a Replacement Exchange, the lesser of (i) such Allocable Debt Amount and (ii) the amount, if any, of such Net Sale Proceeds(A) not deposited into the Engine Replacement Account to be used for the acquisition of a Replacement Engine or (B) deposited into the Engine Replacement Account for such purposes and then transferred to the Collections Account pursuant to Section 3.01(j)(iii). For purposes of clause (b)(ii)(B), Excess Engine Replacement Amounts shall be attributed to the applicable Engine Dispositions in chronological order in which they occurred, for each such Engine Disposition until the Excess Engine Replacement Amounts are equal to the Net Sale Proceeds for such Engine Disposition.

Supplemental Principal Payment Amount means, with respect to any Series of Notes, the amount determined in accordance with the related Series Supplement.

Supplemental Principal Payment Amount. With respect to any Series of Notes, the amount identified as such in the related Supplement.