Additional Principal Payment Amount. With respect to any Payment Date during the Amortization Period, the lesser of (i) the Aggregate Loan Amount as of the immediately preceding Payment Date (after giving effect to all payments in reduction of principal on such Payment Date); and (ii) Collections remaining after distribution of amounts described in Section 2.6(a)(i) through (vii).
Additional Principal Payment Amount means, with respect to any Payment Date on or after the Facility Termination Date, the sum of (a) the remaining Available Funds on such Payment Date, after all payments referred to in clauses first through sixth of the priority of payments set forth in Section 3.03(b) of this Loan Agreement, and (b) all amounts on deposit in the Reserve Account on such Payment Date.
Additional Principal Payment Amount means, with respect to any Payment Date, the lesser of (a) the remaining Available Funds on such Payment Date (after all payments referred to in clauses (i) through (vi) of the priority of payments set forth in Section 5.7(a)), and (b) the amount required to reduce the Note Principal Balance to 76.30% of the Pool Balance at such Payment Date.
Examples of Additional Principal Payment Amount in a sentence
Such Additional Principal Payment Amount shall be payable from funds available for such purposes pursuant to clause (5) of Part (I) of Section 303 hereof.
In addition, on each Payment Date, payments of principal on the Notes will be made from amounts on deposit in the Collection Account only to the extent that the Additional Principal Payment Amount for such Payment Date is greater than zero.
Upon the Facility Termination Date, (i) the Lender's commitment to make any new Advances shall be terminated, (ii) subject to Section 2.11(c), the Applicable Margin will be equal to the amount in clause (ii) of the definition of "Applicable Margin" and (iii) the Lender will be entitled to receive the Additional Principal Payment Amount.
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The Additional Principal Payment Amount shall be classified as part of “all other amounts then due and payable” to the Series 2010-1 Noteholders, as such phrase is used in clause (13) of Part I of Section 302(c) of the Indenture.
More Definitions of Additional Principal Payment Amount
Additional Principal Payment Amount means, with respect to each Payment Date and when neither an Amortization Period nor a Post-ARD Period is in effect and no Event of Default has occurred and is continuing, the amount (excluding the Class A Monthly Amortization Amount for the Class A Notes of any Series) required to be applied pursuant hereto as a mandatory prepayment of principal of the Notes on such date, including amounts payable in accordance with Sections 2.09(b) and (c), 7.06 and 7.29 or, in the case of any applicable Additional Notes, any scheduled payment of principal or, in the case of any applicable Variable Funding Notes, any optional repayments of principal.
Additional Principal Payment Amount. With respect to any Payment Date during the Amortization Period, the lesser of: (i) Capital as of the immediately preceding Payment Date (after giving effect to all payments in reduction of principal on such Payment Date); and (ii) Collections remaining after distribution of amounts described in Section 2.7 (a)(i) through (vii). Administration Agreement: That certain Amended and Restated Administration Agreement, dated as of July 1, 1998, executed between VFCC and WCM, as the same may be amended, supplemented, or otherwise modified from time to time.
Additional Principal Payment Amount means, with respect to any Remittance Date that occurs on or after the Termination Date, and after giving effect to all payments made pursuant to clauses (i) through (vi) of Section 3.12(c) on such Remittance Date, an amount equal to the sum of (x) the Total Supplemental Outstandings on such Remittance Date and (y) the excess of the Total Warehouse Outstandings over the Term Loan Borrowing Base on such Remittance Date.
Additional Principal Payment Amount means, with respect to each Payment Date and when neither an Amortization Period nor a Rapid Amortization Period is in effect and no Event of Default has occurred and is continuing, the amount (excluding the Series 2010-1 Class A Monthly Amortization Amount) required to be applied pursuant hereto as a mandatory prepayment of principal of the Notes on such date, including amounts payable in accordance with Sections 2.09(c), 7.06 and 7.29.
Additional Principal Payment Amount means (a) on any Settlement Date prior to the commencement of the Amortization Period, zero and (b) on any Settlement Date on or after the commencement of the Amortization Period, the lesser of (i) all Available Funds remaining after payment of the amounts specified in SECTION 5.7(A)(I) through (V) of the Sale and Servicing Agreement and (ii) the aggregate outstanding principal amount of the Note (after giving effect to distributions made pursuant to SECTION 5.7(A)(I) through (V) of the Sale and Servicing Agreement), in each case on such date.
Additional Principal Payment Amount means, with respect to each Payment Date and when neither an Amortization Period nor an ARD Period is then in effect and no Event of Default has occurred and is continuing, the amount (excluding the Monthly Amortization Amounts) required to be applied pursuant hereto as a mandatory prepayment of principal of the Notes on such date, including amounts payable in accordance with Sections 2.09(c), 7.06, 7.29 and 7.32.
Additional Principal Payment Amount means, with respect to each Payment Date when none of a Rapid Amortization Period, a Cash Sweep Period or a Post-ARD Period is in effect and no acceleration of the maturity of the Notes has occurred following the occurrence and continuation of an Event of Default, the amount (excluding the Monthly Amortization Amount, if any, for the Notes of any Series) required to be applied pursuant hereto as a mandatory prepayment of principal of the Notes on such date from funds received (i) in connection with certain casualty or condemnation events in accordance with Section 7.06(b) and (ii) in connection with certain Fiber Network Asset dispositions in an amount equal to the Release Price in accordance with Section7.29. With respect to any Class of revolving Variable Funding Notes, payment of any Additional Principal Payment Amount may be waived with the consent of all Noteholders of such Class of Variable Funding Notes, in the sole discretion of each such Noteholder.