Distribution of Principal Collections Sample Clauses

Distribution of Principal Collections. Subject to Section 11.02(b) and except on the Distribution Date in __________ 20___, on each Distribution Date, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii) up to the Scheduled Principal Collections Distribution Amount but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in ____________ 20___, the Trustee shall distribute to Investor Certificateholders Principal Collections up to the Investor Certificate Principal Balance.
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Distribution of Principal Collections. On each Payment Date during the Funding Period, the Scheduled Principal Collections Distribution Amount shall be deposited into the Funding Account and shall not be distributed to the Class A Certificateholders. On each Payment Date following the termination of the Funding Period, the Trustee shall, subject to Section 11.02(b) and except on the Payment Date in __________ 200_, distribute out of the Collection Account to the Class a Certificateholders the Scheduled Principal Collections Distribution Amount (together with amounts transferred to the Collection Account from the Spread Account pursuant to Section 4.03(b) relating to principal up to but not in excess of the Class A Certificate Principal Balance. In addition, on the first Payment Date following the end of the Funding Period, the Trustee shall distribute out of the Collection Account the amount required to be so distributed pursuant to Section 5.05(c)(iii)(C). On the Payment Date in __________ 200_, the Trustee shall distribute to Class A Certificateholders Principal Collections up to the Class A Certificate Principal Balance.
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Distribution of Principal Collections. Except on the Distribution Date in February 2026, on each Distribution Date, the Trustee shall distribute out of the Collection Account to each Class of Investor Certificates the Principal Collections from the related Loan Group up to the related Scheduled Principal Collections Distribution Amount but not in excess of the related Investor Certificate Principal Balance. On the Distribution Date in February 2026, the Trustee shall distribute to each Class of Investor Certificates the Principal Collections from the related Loan Group up to the related Investor Certificate Principal Balance.
Sample 1
Distribution of Principal Collections. (a) Subject to the terms of the Security Trust Deed and these Supplementary Bond Terms (including clause 6.2(b)), on each Monthly Payment Date (other than a Quarterly Payment Date and to the extent it has not already done so in accordance with this clause 6.2(a)), the Trustee must apply the Principal Collections for the relevant Monthly Calculation Period together with any amounts to be applied under this clause 6.2(a) pursuant to clauses 6.1(a)(8) and 6.5, for the relevant Monthly Calculation Period towards the following payments in the following order of priority: -------------------------------------------------------------------------------- page 37 Supplementary Bond Terms Notice: SMHL Global Fund [ ]-[ ] - Class A and Class B Notes
Sample 1
Distribution of Principal Collections. Subject to Section 11.02(b) and on each Distribution Date other than the Distribution Date in July 2020, the Trustee shall distribute from the Collection Account to the Investor Certificateholders the Investor Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii)), up to the Scheduled Principal Collections Distribution Amount (less any Reallocated Investor Principal Collections for such Distribution Date and any Overcollateralization Release Amount for such Distribution Date); provided, however, that the amount distributed pursuant to this Section 5.01(b) shall not exceed of the Investor Certificate Principal Balance. On the Distribution Date in July 2020 the Trustee shall distribute to Investor Certificateholders the Investor Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii)), up to the Investor Certificate Principal Balance.
Sample 1
Distribution of Principal Collections. Except on the Distribution Date in [______] 20[__], on each Distribution Date, the Trustee shall distribute out of the Collection Account to each Class of Investor Certificates the Principal Collections from the related Loan Group up to the related Scheduled Principal Collections Distribution Amount but not in excess of the related Investor Certificate Principal Balance. On the Distribution Date in [______] 20[__], the Trustee shall distribute to each Class of Investor Certificates the Principal Collections from the related Loan Group up to the related Investor Certificate Principal Balance.
Sample 1
Distribution of Principal Collections. On each Distribution Date during the Revolving Period, no principal (other than Accelerated Principal Distribution Amounts) shall be paid to Certificateholders and all Principal Collections shall be retained by the Transferor. Subject to Section 11.02(b), on each Distribution Date (other than the Scheduled Maturity Date) during the Managed Amortization Period and the Rapid Amortization Period, the Trustee shall distribute out of the Certificate Account to Certificateholders the Principal Collections up to the Scheduled Principal Collections Payment (but not in excess of the Certificate Principal Balance). On the Scheduled Maturity Date, the Trustee shall distribute out of the Certificate Account the Principal Collections up to the Certificate Principal Balance. On each Distribution Date, the Trustee shall distribute out of the Certificate Account to the Transferor all Principal Collections on deposit therein not distributed to Certificateholders; provided, that any such distributions to the Transferor shall be subject to Section 5.01(h).
Sample 1
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Distribution of Principal Collections. Subject to Section 11.02(b) and on each Distribution Date other than the Distribution Date in January 2020, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Investor Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii)), up to the Scheduled Principal Collections Distribution Amount (less any Reallocated Investor Principal Collections for such Distribution Date and any Overcollateralization Release Amount for such Distribution Date), but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in January 2020 the Trustee shall distribute to Investor Certificateholders the Investor Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii)) up to the Investor Certificate Principal Balance.
Sample 1

Related to Distribution of Principal Collections

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Application of Available Finance Charge Collections and Available Principal Collections On or before each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be substantially in the form of Exhibit B) to withdraw and the Indenture Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or related Distribution Date, as applicable, to the extent of available funds, the amount required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account as follows:

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • Allocation and Application of Collections Any provisions of Article 4 of the Base Indenture and the Series 2000-1 Supplement which allocate and apply Collections shall continue to apply irrespective of the issuance of the Series 1998-1 Notes. Sections 4.1 through 4.5 of the Base Indenture shall be read in their entirety as provided in the Base Indenture, provided that for purposes of the Series 1998-1 Notes, clauses (c), (d) and (e) of Section 4.2 of the Base Indenture shall be modified as permitted by Section 11.1(f) of the Base Indenture and shall read as follows:

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Shared Principal Collections Subject to Section 4.04 of the Agreement, Shared Principal Collections for any Distribution Date will be allocated to Series 2019-3 in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2019-3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series for such Distribution Date. The “Series 2019-3 Principal Shortfall” will be equal to (a) for any Distribution Date with respect to the Revolving Period, zero, (b) for any Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections), and (c) for any Distribution Date with respect to the Early Amortization Period, the excess, if any, of the Invested Amount over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

  • Distributions of Principal On each Payment Date, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class:

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

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