Available Principal Receipts definition

Available Principal Receipts means, on a relevant Calculation Date, an amount equal to the aggregate of (without double counting):
Available Principal Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):
Available Principal Receipts means, for each Interest Payment Date, an amount equal to the aggregate of (without double counting):

Examples of Available Principal Receipts in a sentence

  • See the section entitled "Key Structural Features – Credit Enhancement and Liquidity Support – Use of Liquidity Reserve Fund to fund Remaining Revenue Shortfall" below for limitations on availability of the use of the Liquidity Reserve Fund; • availability of Available Principal Receipts to make up any Remaining Revenue Shortfall.

  • Available Revenue Receipts and Available Principal Receipts of the Issuer: ...........The Cash Manager will apply Available Revenue Receipts on each Interest Payment Date in accordance with the Pre-Enforcement Revenue Priority of Payments, as set out below.


More Definitions of Available Principal Receipts

Available Principal Receipts means the amount of Issuer Available Principal Receipts allocable to the Class A4 Notes on each Note Payment Date that is a Transfer Date.
Available Principal Receipts means the amount of Issuer Available Principal Receipts allocable to the Class A Notes on each Note Payment Date corresponding to a Transfer Date.
Available Principal Receipts means payments received by the Issuer representing Sequential Principal Receipts or Pro Rata Principal Receipts, appearing in the record of the Pro Rata Principal Receipts and Sequential Principal Receipts attributable to a Purchased Security as maintained by the Cash Manager in accordance with the Cash Management Agreement;
Available Principal Receipts means, in respect of any particular date, the aggregate amount of Amortisation Receipts, Prepayment Redemption Receipts, Final Redemption Receipts and Principal Recovery Receipts then credited to the Transaction Account (but less any amount of principal required to be applied towards the payment of any Liquidation Fees or Workout Fee);
Available Principal Receipts means, in respect of a Payment Date (including, for the avoidance of doubt, the Final Maturity Date), the amount calculated on the relevant Calculation Date being the sum of the following amounts:
Available Principal Receipts means for any Interest Payment Date:
Available Principal Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):(a) all Principal Receipts or, if in a Determination Period, any Calculated Principal Receipts, in each case excluding an amount equal to any Reconciliation Amounts to be applied as Available Revenue Receipts on that Interest Payment Date, received by the Issuer during the immediately preceding Collection Period;(b) the amounts (if any) calculated on the Calculation Date preceding that Interest Payment Date by which the debit balance of each of the Class A Principal Deficiency Sub-Ledger and/or the Class B Principal Deficiency Sub-Ledger and/or the Class C Principal Deficiency Sub-Ledger and/or the Class D Principal Deficiency Sub-Ledger and/or the Class E Principal Deficiency Sub-Ledger and/or the Class F Principal Deficiency Sub-Ledger and/or the Class Z Principal Deficiency Sub-Ledger is to be reduced on that Interest Payment Date pursuant to items (h), (j), (l), (n), (p), (r) and (w) of the Pre-Enforcement Revenue Priority of Payments (together, "PDL Cure Amounts");(c) from and including (i) the Optional Redemption Date or (ii) any date on which the Notes are redeemed pursuant to Condition 8.3 (Mandatory Redemption of the Notes in Full) or Condition 8.4 (Mandatory Redemption of the Notes for Taxation or Other Reasons), any Available Revenue Receipts applied as Available Principal Receipts in accordance with item (v) of the Pre- Enforcement Revenue Priority of Payments;(d) the Liquidity Reserve Fund Excess Amount on such Interest Payment Date;(e) on the Final Senior Notes Redemption Date only, all amounts standing to the credit of the Liquidity Reserve Fund (after first having applied any Liquidity Reserve Fund Drawings to meet any Senior Revenue Deficit on the Final Senior Notes Redemption Date); and(f) on each Interest Payment Date following a Determination Period, any Reconciliation Amounts deemed to be Available Principal Receipts in accordance with Condition 6.8(c) (Determinations and Reconciliation)."Principal Receipts" means (without double-counting): (a) principal repayments under the Mortgage Loans; (b) the proceeds of the repurchase of a Mortgage Loan by the Seller from the Issuer (other than amounts comprising the Optional Purchase Price received by the Issuer pursuant to the exercise of the Call Option) in an amount equal to the Current Balance in respect of such Mortgage Loan (or, where a Borrower hasexercised a right of set-off or in the case ...