TAC Principal Amount definition

TAC Principal Amount. Not applicable.

TAC Principal Amount. As to any Distribution Date and for the TAC Group, the amount, if any, that would reduce the balance of the TAC Group to the balance shown in the table set forth in Exhibit M with respect to such Distribution Date.

TAC Principal Amount. As defined in Section 4.01(b).

Examples of TAC Principal Amount in a sentence

• As used above, the "TAC Principal Amount" for any Distribution Date and each Class of TAC Certificates means the amount, if any, that would reduce the Principal Balance of such Class to the percentage of its Original Principal Balance shown in the related table set forth below with respect to such Distribution Date.

• As used above, the "TAC Principal Amount" for any Distribution Date and the Class of TAC Certificates or the TAC Component means the amount, if any, that would reduce the Principal Balance of such Class or Component to the percentage of its Original Principal Balance shown in the related table set forth below with respect to such Distribution Date.

• On each Distribution Date occurring prior to the Accretion Termination Date, the Class A-14 Accrual Distribution Amount will be allocated sequentially, as follows: first, to the Class A-13 Certificates up to the TAC Principal Amount for such Distribution Date; and second, to the Class A-14 Certificates, until their Class Certificate Balance has been reduced to zero.

• There can be no assurance that funds available for distributions of principal on the PAC and TAC Certificates and the PAC and TAC Principal Components will be sufficient to cover, or will not be in excess of, the related PAC Principal Amount and TAC Principal Amount for any Distribution Date.

More Definitions of TAC Principal Amount

TAC Principal Amount. As to any Distribution Date and the TAC Certificates, the amou nt, if any, that would reduce the aggregate Class Certificate Balance of the TAC Certificates to the applicable balance shown in the applicable table set forth in Exhibit V with respect to such Distribution Date.

TAC Principal Amount. For each Class of TAC Certificates, and as to each Distribution Date, the amount set forth for such Class and date under the applicable TAC Schedule in the Scheduled Balances Tables.

TAC Principal Amount. As defined in Section 4.01(b). Trustee: First Union National Bank, a national banking association with its principal office located in Charlotte, North Carolina, or any successor trustee appointed as herein provided.

TAC Principal Amount for any Distribution Date means the amount, if any, that would reduce the sum of the Principal Balances of the TAC Group to the percentage of the initial aggregate Principal Balance of the TAC Group shown in the related table appearing in Schedule II with respect to such Distribution Date.

TAC Principal Amount. As to each Class of TAC Certificates and each Distribution Date, the amount necessary to reduce the Class Principal Balance of such Class to its scheduled balance as set forth on the TAC Principal Amount Schedule for such date.

TAC Principal Amount. As to any Distribution Date and the TAC Certificates, the amount, if any, that would reduce the Class Certificate Balance of the TAC Certificates to the applicable balance shown in the table set forth in Exhibit S with respect to such Distribution Date.

TAC Principal Amount. As to any Distribution Date and the TAC Certificates, the amount, if any, that would reduce the Class Certificate Balance of the TAC Certificates to the applicable balance shown in the applicable table set forth in Exhibit O with respect to such Distribution Date.