Examples of Excess Principal in a sentence
Any Excess Principal Funding Investment Proceeds shall be paid to the Seller on each Transfer Date.
Upon discovery of any Class A Excess Principal Event, the Issuer, within two (2) Business Days of such discovery, shall deliver written notice of any related Class A Excess Principal Mandatory Decreases, any related Class A Excess Principal Mandatory Decrease Amount and the date of any such Class A Excess Principal Mandatory Decrease to the Administrative Agent, the Issuer Security Trustee and each Class A Noteholder.
Principal Balance of any Asset exceeds the Cut- Off Date Unpaid Principal Balance of such Asset (such excess, the “Excess Principal”), the Private Owner shall be liable to the Transferor for an amount equal to the Adjustment Percentage multiplied by the Excess Principal.
Principal Balance of any Asset exceeds the Cut-Off Date Unpaid Principal Balance of such Asset (such excess, the “Excess Principal”), the Private Owner shall be liable to the Transferor for an amount equal to the Adjustment Percentage multiplied by the Excess Principal.
Pursuant to Condition 5.2, on each Payment Date an amount of principal is payable comprised of Due Principal and Excess Principal.