Monthly Principal Amount definition

Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

Monthly Principal Amount shall equal for any Payment Date, the total amount of principal collected (including from prepayments and repurchases) in respect of the Timeshare Loans during the related Due Period.

Monthly Principal Amount. “Reserve Account Required Amount”, “Senior Interest” or “Subordinate Interest”.

Examples of Monthly Principal Amount in a sentence

• Interest shall be payable at the same times as the Monthly Principal Amount.

• Brian, you need to get some better ‘ringers’! The weather improved in late July and it was time for North Nibley to get revenge for the thrashing handed down to them at St Peters.

• For example, if funds are expended on a Project in January, payment of the Fixed Monthly Principal Amount due may be delayed through July of that year, with the first Fixed Monthly Principal Amount payment made in August.

• If the Borrower elects or is required to repay all or a portion of the Monthly Amount in cash on a Repayment Date, then on such Repayment Date the Borrower shall pay to the Holder 101% of the Monthly Principal Amount and 100% of the Monthly Interest Amount in satisfaction of such obligation.

• If funds are expended on a Project in July, then Fixed Monthly Principal Amount payments may be delayed only through September 30 of that same calendar year.

More Definitions of Monthly Principal Amount

Monthly Principal Amount means, with respect to a Distribution Date, the difference between (i) the sum of the aggregate Principal Amount of the Notes and the Overcollateralization Balance both as of the immediately preceding Distribution Date (after making any principal payments on such date) and (ii) the Pool Balance as of the last day of the related Collection Period.

Monthly Principal Amount means the monthly principal distributable in respect of the Series __ Notes as determined pursuant to Section 4.03.

Monthly Principal Amount or “Reserve Account Required Amount”.

Monthly Principal Amount means, as of any Remittance Date:

Monthly Principal Amount. With respect to any Collection Period, the amount required to be deposited into the Note Distribution Account with respect to that Collection Period in respect of the Series 20[ ]-[ ] Notes as determined pursuant to Section 4.03.

Monthly Principal Amount means, with respect to any Payment Date, the excess, if any, of (i) the sum of the Aggregate Principal Amount for such Payment Date, over (ii) the Lease Pool Principal Balance with respect to such Payment Date.

Monthly Principal Amount. With respect to any Distribution Date, to the extent of funds available therefor, the sum of the following amounts (without duplication) (i) each payment of principal on a related Mortgage Loan received by the Servicer (exclusive of amounts described in clauses (ii) and (iii) below) during the related Due Period, including all related Principal Prepayments; (ii) the Principal Balance as of the end of the immediately preceding Due Period of a related Mortgage Loan that became a Liquidated Mortgage Loan during the related Due Period; (iii) all Insurance Proceeds and Net Liquidation Proceeds allocable to recoveries of principal of related Mortgage Loans that are not yet Liquidated Mortgage Loans received during the related Due Period and the amount received in connection with the termination of the Trust by the Servicer received during the related Due Period; (iv) the principal portion of the Purchase Price of any related Defective Mortgage Loan repurchased during such Due Period; (v) any related Substitution Adjustments (other than the portion of Substitution Adjustments relating to Servicing Advances) required to be deposited in the Collection Account as of the related Determination Date; and (vi) on the Distribution Date immediately following the end of the Funding Period, any Excess Funding Amount.