Maximum Principal Payment definition

Maximum Principal Payment for any Class of Notes and Payment Date means the related Investor Fixed Allocation Percentage of the Principal Collections from the Mortgage Loans in the related Loan Group for the Payment Date.

Maximum Principal Payment. With respect to any Distribution Date, the Investor Fixed Allocation Percentage of the Principal Collections for such Distribution Date.

Maximum Principal Payment. With respect to the Notes and (i) any Payment Date during the Managed Amortization Period, the Net Principal Collections and (ii) any Payment Date during the Rapid Amortization Period, 100% of the Principal Collections relating to such Payment Date.

Examples of Maximum Principal Payment in a sentence

• After the Managed Amortization Period, the amount of principal payable to the holders of each class of Notes on a payment date will be equal to the related Maximum Principal Payment minus the Excess Overcollateralization Amount.

• If a Rapid Amortization Event as described in Article XII shall have occurred and be continuing, the Noteholders shall be entitled on each Payment Date to an amount equal to the Maximum Principal Payment and Interest Payment Amount for such Payment Date payable during such Rapid Amortization Period.

• If a Rapid Amortization Event as described in Section 5.08 of the Sale and Servicing Agreement shall have occurred and be continuing, the Noteholders shall be entitled on each Payment Date to an amount equal to the Maximum Principal Payment and Interest Payment Amount for such Payment Date payable during such Rapid Amortization Period, payable in accordance with the priorities set forth in Section 5.08 of the Sale and Servicing Agreement.

• After the Managed Amortization Period, the amount of principal payable to the holders of each class of Notes will be equal to the related Maximum Principal Payment.

• Mr. Deschampss options have an exercise price of CAD$0.60 and expire on June 18, 2019.

More Definitions of Maximum Principal Payment

Maximum Principal Payment. With respect the Notes, (i) during the Managed Amortization Period, the Net Principal Collections with respect to such Payment Date, and (ii) during the Rapid Amortization Period, the Floating Allocation Percentage of Principal Collections for such Payment Date.

Maximum Principal Payment. With respect to any Payment Date, the Fixed Allocation Percentage of the Principal Collections relating to such Payment Date.

Maximum Principal Payment. With respect to any Distribution Date, the ------------------------- product of the aggregate amount of Principal Collections for the related Collection Period and the Certificateholders' Fixed Allocation Percentage as of the first day of such Collection Period.

Maximum Principal Payment. With respect to any Class and Distribution ------------------------- Date, the Investor Fixed Allocation Percentage of the Principal Collections from the Mortgage Loans in the related Loan Group for such Distribution Date.

Maximum Principal Payment. With respect to any Payment Date, the Investor Fixed Allocation Percentage of the Principal Collections for such Payment Date.

Maximum Principal Payment. With respect to the Class A Notes and (i) any Payment Date during the Managed Amortization Period, the Net Principal Collections and (ii) any Payment Date during the Rapid Amortization Period, 100% of the Principal Collections relating to such Payment Date.

Maximum Principal Payment for any Payment Date means the Investor Fixed Allocation Percentage of the Principal Collections for the Payment Date.