Principal Collections Sample Clauses
Principal Collections. So long as no Event of Default has occurred and is continuing, the Administrative Agent, on behalf of the Facility Servicer and the Borrower, shall (as directed pursuant to the first paragraph of this Section 2.08) instruct the Account Bank to transfer Principal Collections (with respect to all Term Loan Series) held by the Account Bank in the Collection Account in accordance with the Payment Date Report for such Payment Date, and shall distribute such funds, to the following Persons in the following amounts, calculated as of the most recent Determination Date, in the following order and priority:
(i) first, to the Administrative Agent for ratable distribution to the Administrative Agent, the Collateral Custodian and the Facility Servicer (or, if directed by the Administrative Agent, to pay any such ratable amount directly to the applicable Person) to pay amounts due under Section 2.08(a)(i) but not paid thereunder;
(ii) second, to the Borrower to pay amounts permitted under Section 2.08(a)(ii) but not paid thereunder;
(iii) third, to the Administrative Agent for the ratable distribution to the Lenders (or, if directed by the Administrative Agent, to pay any such ratable amount directly to the applicable Person) to pay amounts due under Section 2.08(a)(iii) but not paid thereunder;
(iv) fourth, to the Administrative Agent for distribution to each Lender (or, if directed by the Administrative Agent, to pay any such ratable amount directly to the applicable Person) to pay amounts due under Section 2.08(a)(iv) but not paid thereunder;
(v) fifth, to the Administrative Agent for distribution to each Secured Party (or, if directed by the Administrative Agent, to pay any such ratable amount directly to the applicable Person) to pay amounts due under Section 2.08(a)(v) but not paid thereunder;
(vi) sixth, for Principal Collections with respect to a particular Loan Asset, to the Administrative Agent for distribution to each Lender of the Term Loan Series Relating to such Loan Asset (or, if directed by the Administrative Agent, to pay any such ratable amount directly to the applicable Person), to repay such Lender’s Pro Rata Share (for such Term Loan Series) of the Advances Outstanding of such Term Loan Series in an amount up to the greater of (A) an amount equal to the product of (1) the Advance Rate for such Loan Asset and (2) the amount of such Principal Collections (after giving effect to clauses (b)(i) through (b)(v), inclusive, above) and (B) the amount such t...
Principal Collections. All Principal Collections on Purchased Receivables shall be payable to the Purchasers up to the amount of the Outstanding Purchase Price from time to time. On each Settlement Date during the Revolving Period, Principal Collections received during the prior Settlement Period shall be first, applied to the aggregate Purchase Price of Eligible Receivables purchased on such Settlement Date in accordance with the terms and conditions of this Agreement and second, paid to the Purchasers on such Settlement Date and applied in respect of the Outstanding Purchase Price. On each Settlement Date during the Amortization Period, Principal Collections received during the prior Settlement Period shall be paid to the Purchasers on such Settlement Date and applied in respect of the Outstanding Purchase Price. Following an Amortization Event, Principal Collections on account of the Purchase Discount applied to the Purchase Price of Receivables purchased during a Rating Event or a Discount Event may, at the discretion of the Managing Facility Agent, be deemed Finance Charge Collections available to be distributed pursuant to subsections 2.16(b)(ii) and (b)(iii).
Principal Collections. (a) The "Series 2000-1 Excess Principal Collections," with respect to any Distribution Date, shall mean Excess Principal Collections for all Series for such Distribution Date in an amount equal to the lesser of (a) the Series 2000-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2000-1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
Principal Collections. (a) The "Series 1997-1 Excess Principal Collections," with respect to ------------------------------------------ any Distribution Date, shall mean Excess Principal Collections for such Distribution Date in an amount equal to the lesser of (a) the Series 1997-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1997- 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
(b) The "Series 1997-1 Principal Shortfall" for: ---------------------------------
Principal Collections. Class A Principal Allocation Percentage $ 86.5000% Class A Monthly Principal $ 43,452,702.36 Class B Principal Allocation Percentage 6.0000% Class B Monthly Principal $ 3,014,060.28 Collateral Principal Allocation Percentage 7.5000% Collateral Monthly Principal $ 3,767,575.35 Total Monthly Principal $ 50,234,337.99 Reallocated Principal Collections $ 0.00 Shared Principal Collections allocable from other Series $ 175,023,985.48 IX. INVESTOR CHARGE-OFFS ------------------------ CLASS A INVESTOR CHARGE-OFFS Class A Investor Charge-Offs $ 0.00 Class A Investor Charge-Offs per $1,000 original certificate principal amount $ 0.00 Total amount reimbursed in respect of Class A Investor Charge-Offs $ 0.00 Total amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount $ 0.00 The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Investor Interest after giving effect to all transactions on such Distribution Date. $ 0.00 CLASS B INVESTOR CHARGE-OFFS Class B Investor Charge-Offs $ 0.00 Class B Investor Charge-Offs per $1,000 original certificate principal amount $ 0.00 Total amount reimbursed in respect of Class B Investor Charge-Offs $ 0.00 Total amount reimbursed in respect of Class B Investor Charge-Offs per $1,000 original certificate principal amount 0.00 The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Investor Interest after giving effect to all transactions on such Distribution Date. $ 0.00 Collateral INVESTOR CHARGE-OFFS Collateral Investor Charge-Offs $ 0.00 Collateral Investor Charge-Offs per $1,000 original certificate principal amount $ 0.00 Total amount reimbursed in respect of Collateral Investor Charge-Offs $ 0.00 Total amount reimbursed in respect of Collateral Investor Charge-Offs per $1,000 original certificate principal amount $ 0.00 The amount, if any, by which the outstanding principal balance of the Collateral Certificates exceeds the Collateral Investor Interest after giving effect to all transactions on such Distribution Date. $ 0.00
Principal Collections. (a) Any payments that constitute principal by or on behalf of Mortgagors and any other amounts constituting principal (including but not limited to such portion of Insurance Proceeds, the principal portion of any purchase price for a Mortgage Loan purchased by the Master Servicer pursuant to Section 3.01 and such portion of Net Liquidation Proceeds, but excluding Foreclosure Profits and Recovered Charge Off Amounts) collected by the Master Servicer under the Mortgage Loans and (b) any Retransfer Deposit Amounts deposited into the Collection Account by the Seller pursuant to Section 2.02. The terms of the related Loan Agreement shall determine whether an amount is principal or interest.
Principal Collections. Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii))) $0.00 (B) Liquidation Proceeds (IV(F(i))) 0.00
Principal Collections. The Borrower shall (A) within five (5) Business Days of the 15th day of each month, prepay the Loans in an amount equal to the Applicable Prepayment Percentage of all Principal Collections received from the first day of such month through such 15th day as to which a prepayment has not yet been made under this paragraph and (B) within five (5) Business Days of the last day of each month, prepay the Loans in an amount equal to the Applicable Prepayment Percentage of all Principal Collections received from such 15th day through such last day as to which a prepayment has not yet been made under this paragraph.”
Principal Collections. (a) The aggregate amount of Principal Collections (pound)_________ processed during the related Monthly Period which were allocable in respect of Class A
(b) The aggregate amount of Principal Collections (pound)_________ processed during the related Monthly Period which were allocable in respect of Class B
(c) The aggregate amount of Principal Collections (pound)________ processed during the related Monthly Period which were allocable in respect of Class C
Principal Collections. (a) The aggregate amount of $ Principal Collections processed during the Related Collection Period allocated to Series 1999-1 (i.e., the product of item D(1)(b) and item C(7)): (b)The aggregate amount of $ Principal Collections processed during the Related Collection Period allocated to Series 1999-1 Investor Certificates (i.e., the product of item D(2)(a) and item C(9), if the related Collection Period commences during the Revolving Period, or the product of item D(2)(a) and item C(10) if such Collection Period commences after the Revolving Period terminates):