Principal Distributions Sample Clauses

Principal Distributions. On each Distribution Date, the Principal Distribution Amount for that Distribution Date will be distributed in the following order of priority until such amounts have been fully distributed:
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Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, to the holders of the Classes of Offered Certificates then entitled to distributions of principal as set forth below, the applicable Principal Distribution Amount from each Loan Group in the following order of priority:
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Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, distributions in respect of principal, as follows:
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Principal Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Available Distribution Amount for such Distribution Date remaining after the distributions made pursuant to 4.01(d) above and make the following distributions in respect of principal in the following order of priority, in each case to the extent of such remaining Available Distribution Amount:
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Principal Distributions. On each Distribution Date beginning with the first Distribution Date and ending on the Distribution Date before the Distribution Date on which the Class A-4 Notes have been paid in full, the Servicer, pursuant to the instructions of the 1999-A Owner Trustee, shall distribute from the 1999-A SUBI Collection Account an amount equal to the Investor Percentage of all Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest to (i) the 1999-A Note Distribution Account for payment to the Class A-1 Noteholders until the Class A-1 Notes have been paid in full, (ii) the 1999-A Note Distribution Account for payment to the Class A-2 Noteholders until the Class A-2 Notes have been paid in full, (iii) the 1999-A Note Distribution Account for payment to the Class A-3 Noteholders until the Class A-3 Notes have been paid in full, (iv) the 1999-A Note Distribution Account for payment to the Class A-4 Noteholders until the Class A-4 Notes have been paid in full and (v) the 1999-A Note Distribution Account for payment of the Class A Percentage, the Class B Percentage and the Class C Percentage of any remaining Principal Collections to the Class A-5 Noteholders, Class B Noteholders and Class C Noteholders, respectively. On each Distribution Date from and after the Class A-4 Notes have been paid in full, the Servicer, pursuant to the instructions of the 1999-A Owner Trustee, shall distribute (i) to the 1999-A Note Distribution Account for payment to the Class A-5 Noteholders, the Class A Percentage of Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest, (ii) subject to subsection (f) below, to the 1999-A Note Distribution Account for payment to the Class B Noteholders, the Class B Percentage of such Principal Collections and (iii) subject to subsection (f) below, to the 1999-A Note Distribution Account for payment to the Class C Noteholders, the Class C Percentage of such Principal Collections. On each Distribution Date after the Class C Notes have been paid in full, the Servicer, pursuant to the instructions of the 1999-A Owner Trustee, shall distribute to the 1999-A Certificate Distribution Account for payment to the Certificateholders the Certificate Percentage of all Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest. Distributions to the 1999-A Note Distribut...
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Principal Distributions. During the lifetime of Xxxxxxx's spouse, the Trustee, shall pay as much of the principal from the Trust Estate as the Trustee shall deem proper, in the Trustee's sole and absolute discretion, to or for the benefit of Xxxxxxx's children or grandchildren. up to the entire amount of the trust corpus together with any accumulated income thereon (including to the Trustee(s) themselves if they are a named remaindermen). A Trustee may only make a distribution to himself upon the consent of a co-trustee, or, in the event there is only one Trustee acting, upon the consent of a successor Trustee as a condition precedent to the Trustee making any said distributions. This paragraph is expressly intended to negate the provisions of section 10-10.1 of Estate Powers and Trust Laws of the State of New York. Any distributions made pursuant to the provisions herein shall be considered as advancements in determining the beneficiary's respective share as provided for hereinafter. In no event shall the Trustee invade principal to or for the benefit of Xxxxxxx's spouse. The Grantor directs that the provisions of Section 7-1.6 of the Estates, Powers and Trust Law of the State of New York, or any successor statute thereto, shall not be available to require any invasion of principal by the Trustees or any court.
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Principal Distributions. (a) (Monthly) Subject to paragraph (b), on each Monthly Payment Date (other than a Quarterly Payment Date) and based on the calculations, instructions and directions provided to it by the Manager, the Trustee must distribute or cause to be distributed out of Principal Collections, in relation to the Monthly Collection Period ending immediately before that Monthly Payment Date, the following amounts in the following order of priority:
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Principal Distributions. Subject to the provisions of this section, the Trustees may in their discretion, distribute Principal for any purpose for which Net Cash Income of the Trust may be distributed.
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Principal Distributions. On each payment date, the issuer will pay principal in reduction of the outstanding principal balance of the notes. Principal payments will be an amount usually equal to the decrease in the principal value of the leases between determination dates. The issuer will pay principal in the following priority: o to the Class A-1 noteholders only, until the principal amount on the Class A-1 Notes has been reduced to zero; o when the Class A-1 Notes have been paid in full: o to the Class A-2 noteholders, until the principal amount on the Class A-2 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-2 Notes have been paid in full, to the Class A-3 noteholders, until the principal amount on the Class A-3 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-3 Notes have been paid in full, to the Class A-4 noteholders, until the principal amount on the Class A-4 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-4 Notes have been paid in full, to the Class A-5 noteholders, until the principal amount on the Class A-5 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class B noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class C noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class D noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class E noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases. This general description of distributions of principal to the notes is subject to certain targets and floors. We refer you to "Descriptions of the Notes--Distributions" in this prospectus supplement for further information regarding the payment of interest and principal on the notes. RESERVE ACCOUNT The trustee will hold the reserve account. The servicer will deposit collections received from the leases into the reserve account on any payment date after interest and principal payments on the notes have been made. The servicer will continue to make those deposits until the balance in the reserve account i...
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Related to Principal Distributions

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

  • Cash Distributions Whenever the Depositary receives confirmation from the Custodian of the receipt of any cash dividend or other cash distribution on any Deposited Securities, or receives proceeds from the sale of any Deposited Securities or any other entitlements held in respect of Deposited Securities under the terms hereof, the Depositary will (i) if at the time of receipt thereof any amounts received in a Foreign Currency can in the judgment of the Depositary (pursuant to Section 4.8) be converted on a practicable basis into Dollars transferable to the United States, promptly convert or cause to be converted such cash dividend, distribution or proceeds into Dollars (on the terms described in Section 4.8), (ii) if applicable, establish the ADS Record Date upon the terms described in Section 4.9, and (iii) distribute promptly the amount thus received (net of (a) the applicable fees and charges of, and expenses incurred by, the Depositary and (b) taxes withheld) to the Holders entitled thereto as of the ADS Record Date in proportion to the number of ADSs held as of the ADS Record Date. The Depositary shall distribute only such amount, however, as can be distributed without attributing to any Holder a fraction of one cent, and any balance not so distributed shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of ADSs outstanding at the time of the next distribution. If the Company, the Custodian or the Depositary is required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, duties or other governmental charges, the amount distributed to Holders on the ADSs representing such Deposited Securities shall be reduced accordingly. Such withheld amounts shall be forwarded by the Company, the Custodian or the Depositary to the relevant governmental authority. Evidence of payment thereof by the Company shall be forwarded by the Company to the Depositary upon request.

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

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