Class A Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (iii) of Section 5.7(a) on such Distribution Date.
Class A Principal Parity Amount means, with respect to any Payment Date, the lesser of (i) the excess, if any, of (A) the aggregate remaining principal balance of the Class A Notes immediately prior to such Payment Date, over (B) the Aggregate Securitization Value as of the end of the immediately preceding Collection Period, and (ii) the amount of Total Available Funds remaining on deposit in the Indenture Collections Account after the funding of the items described in clauses (i) and (ii) of Section 8.3(a) of the Indenture on such Payment Date.
Class A Principal Parity Amount. With respect to any Distribution Date, the excess, if any, of (i) the aggregate Class Certificate Balance of the Class A Certificates on that Distribution Date, after taking into account any reduction therein on such Distribution Date from sources other than the Class A Insurance Policy over (ii) the Current Maximum Amount on such Distribution Date.
More Definitions of Class A Principal Parity Amount
Class A Principal Parity Amount. With respect to each Class A Certificate, as such term is defined in the related Policy.