Monthly Principal definition

Monthly Principal is defined in Section 4.1(d).

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Monthly Principal means the monthly principal distributable in respect of the Notes as calculated in accordance with Section 4.03.

Monthly Principal shall have the meaning specified in Section 4.03.

Examples of Monthly Principal in a sentence

All Monthly Principal and the amount of all Decreases shall be paid to the Purchaser Groups ratably in accordance with their Pro Rata Shares as set forth in the Note Purchase Agreement; provided that, during a Term-Out Period with respect to any Purchaser Group, such Purchaser Group’s allocable share of Monthly Principal shall be deposited into its Term-Out Period Account.
If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Required Amortization Period or an Early Amortization Period, deposit in the Series 2026-2 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2026-2 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Required Amortization Period or an Early Amortization Period, deposit in the Series 2026-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2026-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.

More Definitions of Monthly Principal

Monthly Principal. The principal portion of any Monthly Payment.

Monthly Principal means the monthly principal distributable in ----------------- respect of the Series 2001-4 Certificates or the Collateral Invested Amount as calculated in accordance with Section 4.07 of the Agreement.

Monthly Principal means the monthly principal distributable in respect of the Notes and the O/C Amount as calculated in accordance with Section 4.03.

Monthly Principal for any Payment Date will equal the sum of the following:

Monthly Principal means the amount of principal which is payable to the Noteholders on any Payment Date pursuant to the terms of the Indenture.

Monthly Principal means the monthly principal distributable in respect of the Series 2016-1 Notes as calculated in accordance with Section 4.03.

Monthly Principal means, with respect to any Payment Date, an amount equal to the excess of (a) the Aggregate Discounted Contract Balance at the close of business on the last day of the second preceding Collection Period over (b) the Aggregate Discounted Contract Balance at the close of business on the last day of the immediately preceding Collection Period.