Class A Principal Deficiency Sub Ledger definition

Class A Principal Deficiency Sub Ledger means, in relation to any Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such Issuer corresponding to the Class A Notes issued by such Issuer;
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Class A Principal Deficiency Sub Ledger means, in relation to any Funding Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such Issuer corresponding to the Class A Notes issued by such Issuer;
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Class A Principal Deficiency Sub Ledger means the sub-ledger of the Issuer Principal Deficiency Ledger corresponding to the Class A Notes issued by the Issuer.
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Examples of Class A Principal Deficiency Sub Ledger in a sentence

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts20 820 624,86EUR-EUR615 819,40 EUR21 436 444,26EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF RAHOITUSPALVELUT VIII DACMonthly Investor Report 4.

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts4 350 367,33EUR-EUR- EUR4 350 367,33EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF Rahoituspalvelut VII DACMonthly Investor Report 4.

  • Credit the balance of the Class A Principal Deficiency Sub Ledger Total Amount for Issuer Available Redemtion Receipts7 138 308,34EUR-EUR- EUR7 138 308,34EUR Santander Consumer Finance OyRisto Rytin tie 33Helsinki 00570Y-tunnus 2076455-0, FinlandSCF Rahoituspalvelut VII DACMonthly Investor Report 4.

  • Then once the balance on the Class A Principal Deficiency Sub Ledger is reduced to nil and interest due on the Class B Notes has been paid (in accordance with the Pre-Enforcement Revenue Priority of Payments), Available Revenue Funds shall be applied to reduce to nil the balance on the Class B Principal Deficiency Sub Ledger.The Account Bank AgreementThe Issuer, the Security Trustee and the Account Bank will, on the Closing Date, enter into the Account Bank Agreement.

  • The Principal Deficiency Ledger will comprise two sub-ledgers: the Class A Principal Deficiency Sub- Ledger (relating to the Class A Notes) and the Class B Principal Deficiency Sub-Ledger (relating to both the Class B1 VFN and the Class B2 VFN).

  • Then, once the balance on the Class A Principal Deficiency Sub Ledger is reduced to nil and interest due on the Class B Notes has been paid (in accordance with the Pre-Acceleration Revenue Priority of Payments), Available Revenue Receipts will be applied to reduce to nil the balance of the Class B Principal Deficiency Sub Ledger.


More Definitions of Class A Principal Deficiency Sub Ledger

Class A Principal Deficiency Sub Ledger means the sub-ledger of the Principal Deficiency Ledger relating to the Class A Notes;
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Related to Class A Principal Deficiency Sub Ledger

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class A Note Initial Principal Balance means $750,000,000.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.