Class A Principal Payment. (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the June 1998 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the difference between (A) the Discounted Present Value of the Performing Leases as of the previous Determination Date and (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, and (ii) on the June 1998 Payment Date and thereafter, the entire Outstanding Principal Amount on the Class A-1 Notes, and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the [Month/Year] Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the difference between (A) the Discounted Present Value of the Performing Leases as of the Determination Date for the preceding Payment Date and (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, and (ii) on the [Month/Year] Payment Date and thereafter until the Class A-1 Notes have been paid in full, the entire Outstanding Principal Amount on the Class A-1 Notes, and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the January 2000 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the Monthly Principal Amount, and (ii) on the January 2000 Payment Date, the entire Outstanding Principal Amount on the Class A-1 Notes and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount of the Class A Notes to the Class A Target Investor Principal Amount.

Examples of Class A Principal Payment in a sentence

PRINCIPAL PAYMENT means a Class A Principal Payment, a Class B Principal Payment or a Class C Principal Payment.
The Class A Principal Payment Amount is the amount necessary to reduce the outstanding principal amount of the Class A Notes to the Class A Targeted Note Balance.
Rules of repayment of the Class A NotesThe repayment of the Class A Notes will be carried out on a pro rata basis among the Notes of such Class, by means of the reduction of their nominal value until redeemed in full, and will take place on each Payment Date, in the amount necessary to reduce on such Payment Date the Outstanding Nominal Balance of the Class A Notes to an amount equal to the Class A Targeted Note Balance (the "Class A Principal Payment Amount").
Prior to a Foreclosure Event, payments to the Class A Noteholders of principal will be effected only after the payment to the Class B Noteholders of interest and any other amounts ranking senior to the Class A Principal Payment Amount on the respective Payment Date in accordance with the Order of Priority.
The Class A Principal Payment Amount is the amount necessary to reduce the aggregate Principal Outstanding of the Class A Notes to the Class A Targeted Note Balance.

More Definitions of Class A Principal Payment

Class A Principal Payment means (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the August 2001 Payment Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) the Monthly Principal Amount, and (ii) on the August 2001 Payment Date, the entire Outstanding Principal Amount on the Class A-1 Notes and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount of the Class A Notes to the Class A Target Investor Principal Amount.

Class A Principal Payment shall equal (a) while the Class A-1 Notes are outstanding, the lesser of (1) the amount necessary to reduce the outstanding principal amount on the Class A-1 Notes to zero and (2) the difference between (A) the Discounted Present Value of the Performing Leases as of the previous Determination Date and (B) the Discounted Present Value of the Performing Leases as of the applicable Determination Date, and (b) after the Class A-1 Notes have been paid in full, (i) prior to the March 2001 Payment Date, the amount necessary to reduce the aggregate outstanding principal amount on the Class A Notes (excluding the Class A-2b Notes) to the Class A Target Investor Principal Amount less amounts, if any, on deposit in the Class A Principal Payment Account and (ii) on or after the March 2001 Payment Date, the amount necessary to reduce the aggregate outstanding principal amount on the Class A Notes (after giving effect to any principal modifications related to the Class A-2b Notes pursuant to Section 3.11) to the Class A Target Investor Principal Amount.

Class A Principal Payment. ACCOUNT: the account by that name established and maintained by the Trustee pursuant to Section 3.01.

Class A Principal Payment. (a) while the Class A-1 Notes are outstanding, (i) on all Payment Dates prior to the Class A-1 Stated Maturity Date, the lesser of (1) the amount necessary to reduce the Outstanding Principal Amount on the Class A-1 Notes to zero and (2) excess, if any of, (A) the Aggregate Discounted Lease Balance as of the previous Calculation Date (or with respect to the Initial Payment Date, the Initial Aggregate Discounted Lease Principal Balance) over (B) the Aggregate Discounted Lease Balance as of the related Calculation Date, and (ii) on all Payment Dates on and after the Class A-1 Stated Maturity Date, the entire Outstanding Principal Amount on the Class A-1 Notes, and (b) after the Class A-1 Notes have been paid in full, the amount necessary to reduce the aggregate Outstanding Principal Amount on the Class A Notes to the Class A Target Investor Principal Amount for such Payment Date.

Class A Principal Payment. As to any Payment Date the amount necessary to reduce the Class A Principal Balance to the Class A Target Investor Principal Amount for such Payment Date.

Class A Principal Payment means the principal amount payable to the Class A Noteholders on each Payment Date.