Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.
Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period or the Early Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the end of the Revolving Period, and the denominator of which is the Invested Amount as of the end of the Revolving Period; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.
Class A Principal Percentage means, with respect to any Monthly ---------------------------- Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and the denominator of which is the Invested Amount as of such day and (ii) during the Accumulation Period or the Early Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the Revolving Period, and the denominator of which is the Invested Amount as of such last day; provided, -------- however, that, with respect to the first Monthly Period, the Class A Principal ------- Percentage shall mean the Class A Initial Percentage.
Examples of Class A Principal Percentage in a sentence
Class A Principal Percentage 94.00% Class A Monthly Principal 0.00 K(3).
The Class A Principal Percentage for the Due Period with respect to the current Distribution Date 87.500% h.
The Class A Principal Percentage for the Due Period with respect to the current Distribution Date.......
The Class A Principal Percentage for the Due Period with respect to the current Distribution Date..............................
The Class A Principal Percentage for the Due Period with respect to the current Distribution Date.....
More Definitions of Class A Principal Percentage
Class A Principal Percentage means, with respect to any ---------------------------- Distribution Date (i) relating to the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount for such Distribution Date, and the denominator of which is the Invested Amount for such Distribution Date and (ii) relating to the Accumulation Period or the Rapid Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the end of the day on the last Distribution Date relating to the Revolving Period, and the denominator of which is the Invested Amount as of such day.
Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) after the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the Revolving Period, and the denominator of which is the
Class A Principal Percentage means, with respect to any Distribution Date, 80.93%; provided, however, that if, on any Distribution Date, the related Net Chargeoff Percentage is greater than the Sequential Payment Trigger, the Class A Principal Percentage for each subsequent Distribution Date will equal 80.07%.
Class A Principal Percentage means, with respect to any Monthly ---------------------------- Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and the denominator of which is the Invested Amount as of such day and (ii) during the Class A Accumulation Period, Class B Amortization Period, Class C Amortization Period or the Early Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the Revolving Period, and the denominator of which is the Invested Amount as of such last day; provided, -------- however, that, with respect to the first Monthly Period, the Class A Principal ------- Percentage shall mean the Class A Initial Percentage.
Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the Class A Floating Percentage and (ii) during the Amortization Period or the Limited Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the end of the Revolving Period or suspension thereof, as the case may be, and the denominator of which is the Invested Amount as of the end of the Revolving Period or suspension thereof, as the case may be.
Class A Principal Percentage means (i) for any Distribution Date before the Additional Principal Distributable Amount is reduced to zero, the quotient of the outstanding amount of the Class A Notes divided by the aggregate outstanding amount of the Class A Notes, the Class B Notes and the Class C Notes, in each case as of the Record Date related to such Distribution Date, and (ii) for each other Distribution Date, such quotient as of the Distribution Date on which the Additional Principal Distributable Amount is reduced to zero.
Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Accumulation Period or the Rapid Amortization