Class A-1 Principal Payment Amount means, for any Payment Date, the Principal Payment Amount, if any, due and payable to the Class A-1 Noteholders with respect to such Payment Date in accordance with the priorities set forth in Section 5.6(c)(iv) of the Sale and Servicing Agreement.
Class A-1 Principal Payment Amount. On any Payment Date, the excess, if any, of (x) the Class A-1 Maximum Principal Payment over (y) the Pool I Overcollateralization Reduction Amount.
Class A-1 Principal Payment Amount. With respect to any Payment Date on or after the Stepdown Date, as long as a Trigger Event has not occurred with respect to such Payment Date, an amount equal to the excess of (x) the Class Principal Amount of the Class A-1 Notes immediately prior to such Payment Date over (y) the lesser of (A) the product of (i) 61.50% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period and (B) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period minus the Overcollateralization Floor.
More Definitions of Class A-1 Principal Payment Amount
Class A-1 Principal Payment Amount. With respect to the Class A-1 Notes for any Payment Date, the lesser of (x) the Class A-1 Notes' pro rata portion of the amount of the Principal Payment Amount for such Payment Date, and (y) the Class A-1 Note Principal Balance as of such Payment Date.
Class A-1 Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 38.90% and (ii) the Aggregate Loan Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Loan Balance as of the Cut-off Date.
Class A-1 Principal Payment Amount. (a) With respect to any Payment Date other than the Class A-1 Final Scheduled Payment Date: the lesser of (i) the Class A-1 Note Balance immediately prior to such Payment Date and (ii) the sum of (A) the Principal Payment Amount and (B) the Class A-1 Mandatory Redemption Amount; and (b) with respect to the Class A-1 Final Scheduled Payment Date, the then outstanding Class A-1 Note Balance. Class A-2 Final Scheduled Payment Date: September 17, 2005, or if such day is not a Business Day, the next succeeding Business Day.
Class A-1 Principal Payment Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the Class Principal Amount of the Class A-1 Notes immediately prior to such Payment Date and (b) the excess, if any, of (i) the Group 1 Principal Proceeds over (ii) the Group 1 Overcollateralization Release Amount for such Payment Date.
Class A-1 Principal Payment Amount means, with respect to any Distribution Date and the Class A-1 Notes, (a) prior to the occurrence of an Event of Default, or prior to the occurrence and during the continuance of a Restricting Event, the sum of (1) the lesser of (A) the outstanding Principal Amount of the Class A-1 Notes, and (B) the excess of (x) the ADCB for all Contracts held by the Trust as of the last day of the second Collection Period preceding such Distribution Date (or, in the case of Contracts that were first added to the Contract pool during the Collection Period immediately preceding such Distribution Date, as of the applicable Cutoff Date for such Contracts) over (y) the ADCB for all Contracts held by the Trust as of the last day of the Collection Period immediately preceding such Distribution Date (such amount described in this clause (i) being, the "Expected Class A-1 Payment"), plus (ii) the aggregate amount of Expected Class A-1 Payments which were not paid on each preceding Distribution Date; and (b) following the occurrence of an Event of Default, or following the occurrence and during the continuance of a Restricting Event, the sum of (i) the difference between (A) the outstanding Principal Amount of the Class A-1 Notes, and (B) the product of (x) the Applicable Class Percentage for such Class A-1 Notes, and (y) the ADCB for all Contracts held by the Trust as of the last day of the Collection Period immediately preceding such Distribution Date (such amount described in this clause (i) being, the "Anticipated Class A-1 Payment"), plus (ii) the aggregate amount of Anticipated Class A-1 Payments which were not paid on each preceding Distribution Date.
Class A-1 Principal Payment Amount means, with respect to any Distribution Date and the Class A-1 Notes, the lesser of (a) the Principal Amount of the Class A-1 Notes and (b) (i) prior to the occurrence of any Event of Default, the Total Principal Payment Amount and (ii) following the occurrence of an Event of Default, all remaining Available Amounts after payment has been made in accordance with Section 7.05(b)(i)-(viii).
Class A-1 Principal Payment Amount. On any Payment Date, the excess of (x) the Class A-1 Maximum Principal Payment over (y) the Pool I Overcollateralization Reduction Amount; provided, however, that for the Payment Date which occurs in January 2000, the Class A-1 Principal Payment Amount shall equal the excess of (x) the sum of (i) the Class A-1 Maximum Principal Payment and (ii) the difference between the Original Class A-1 Pre-Funded Amount and the aggregate Cut-Off Date Principal Balance of all Subsequent Mortgage Loans transferred to Pool I as of such Payment Date over (y) the Pool I Overcollateralization Reduction Amount.