Excess Principal definition

Excess Principal has the meaning given that term in Section 2.4(c).

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Excess Principal has the meaning set forth in Section 2.4(c) of the Transfer Agreement. “Excess Working Capital Advance” has the meaning set forth in Section 5.5 of the LLC Operating Agreement.

Excess Principal. With respect to any Sub-Pool and for a particular Remittance Date, the lesser of (i) the portion, if any, of the Available Principal Amount for such Sub-Pool that is not required to be included in the related Class A Principal Remittance Amount for such Sub-Pool for such Remittance Date as a result of the application of clause (a) of the definition of Class A Principal Remittance Amount and (ii) the amount of such portion described in clause (i) remaining after the application of the related Available Remittance Amount to cover the Required Payments for such Sub-Pool.

Examples of Excess Principal in a sentence

During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or Excess Collateral Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.
During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or CIA Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.
Any Excess Principal Funding Investment Proceeds shall be included as Available Investor Finance Charge Collections for such Transfer Date.
Any Excess Principal Funding Investment Proceeds shall be paid to the Seller on each Transfer Date.
Any Excess Principal Funding Investment Proceeds shall be paid to the Transferor on each Transfer Date.

More Definitions of Excess Principal

Excess Principal has the meaning set forth in Section 2.4(c) of the Contribution Agreement.

Excess Principal has the meaning given in Section 2.3(b).

Excess Principal has the meaning set forth in Section 2.4(c) of the Transfer Agreement.

Excess Principal has the meaning given in Section 2.3(b). “Failed Bank” has the meaning given in the first recital.

Excess Principal. With respect to any Group and for a particular Payment Date, the excess, if any, of (a) the amount described in the related definition of Class A Principal Remittance Amount without giving effect to clauses (a) and (b) thereof over (b) the amount described in the related definition of Class A Principal Remittance Amount after giving effect to clauses (a) and (b) thereof.

Excess Principal has the meaning set forth in Section 4.14.

Excess Principal means the remainder of (x) the product of (1) the Advance Rate, multiplied by (2) the Net Receivables Balance, minus (y) the Aggregate Principal Outstanding; provided, that for purposes of calculating available Excess Principal, the Aggregate Principal Outstanding will be reduced by Partial Prepayments of Invested Principal only to the extent made on a voluntary basis by Customer pursuant to Section 2.9(d) hereof; provided, however, after giving effect to any proposed disbursement request (or actual disbursement) in respect of Excess Principal, the Aggregate Principal Outstanding may not exceed the lesser of (x) the Facility Limit and (y) the Warehouse Asset Limit Amount.