Contract Pool Principal Balance definition

Contract Pool Principal Balance means with respect to any Payment Date, the sum of the Contract Principal Balances (computed as of the related Accounting Date) for all Contracts.
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Examples of Contract Pool Principal Balance in a sentence

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Servicer, on the Payment Date on or after the date on which the Aggregate Principal Amount of the Notes outstanding is less than 10% of the Initial Contract Pool Principal Balance.

  • As provided in the Indenture, the Notes may be redeemed pursuant to Section 10.01 of the Indenture, in whole, but not in part, at the option of the Servicer, on the Payment Date on or after the date on which the Aggregate Principal Amount of the Notes outstanding is less than 10% of the Contract Pool Principal Balance on the Initial Cutoff Date.

  • Not more than 0.75% of the Contract Pool Principal Balance as of the Closing Date are "Instruments" (within the meaning of Article 9 of the UCC), which evidence or relate to any Contract conveyed to the Trust on the Closing Date.

  • As provided in the Indenture, the Notes may be redeemed pursuant to Section 10.01 of the Indenture, in whole, but not in part, at the option of [ ], on the Payment Date on or after the date on which the Contract Pool Principal Balance is less than 10% of the Contract Pool Principal Balance on the Initial Cutoff Date.

  • As provided in the Indenture, the Notes may be redeemed pursuant to Section 10.01 of the Indenture, in whole, but not in part, at the option of the Servicer, on any Payment Date on or after the date on which the aggregate Principal Amount of the Notes outstanding is less than 10% of the Contract Pool Principal Balance as of the Initial Cutoff Date.

  • As provided in the Indenture, the Notes may be redeemed pursuant to Section 10.01 of the Indenture, in whole, but not in part, at the option of [ ], on any Payment Date on or after the date on which the Contract Pool Principal Balance is less than 10% of the initial Contract Pool Principal Balance as of the Initial Cutoff Date.

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Servicer, on any Payment Date on or after the date on which the Aggregate Principal Amount of the Notes outstanding is less than 10% of the Initial Contract Pool Principal Balance.

  • If the Company and the Servicer both desire to exercise the option in clause (ii) of this paragraph on any Remittance Date after the first Remittance Date on which the sum of the Group I Pool Scheduled Principal Balance and the Group II Pool Scheduled Principal Balance is less than 10% of the Combined Total Original Contract Pool Principal Balance, the Servicer shall have the prior right to exercise such option.

  • Not more than 1.5% of the Initial Contract Pool Principal Balance is attributable to Contracts originated by any one single Vendor.

  • Not more than 0.75% of the Initial Contract Pool Principal Balance are “Instruments” (within the meaning of Article 9 of the UCC), which evidence or relate to any Contract conveyed to the Trust on the Closing Date.