Non-Principal Collections definition

Non-Principal Collections means the sum of (a) Collections of interest and all other non-principal charges (including insurance service fees and handling fees) on the Receivables, and (b) all Recoveries.

Non-Principal Collections means Collections under the ------------------------- Receivables other than Principal Collections; provided that all Recoveries shall be Non-Principal Collections.

Non-Principal Collections means all Collections of interest, including amounts recovered on Defaulted Receivables, insurance proceeds and Rebate Payments, under the Receivables.

Examples of Non-Principal Collections in a sentence

• If, on any Transfer Date, the sum of the Investor Default Amount for the preceding Monthly Period exceeds the amount of Available Non-Principal Collections allocated with respect thereto pursuant to Section 4.4(a)(vi) with respect to such Transfer Date and the amount withdrawn from the Reserve Account on such Transfer Date and applied pursuant to Section 4.4(a)(vi), the Collateral Amount will be reduced (but not below zero) by the amount of such excess (such reduction, an “Investor Charge-Off”).

• Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections.

• Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2012-1 pursuant to Article VIII of the Indenture shall be allocated and paid as set forth in this Article IV.

• Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2011-1 pursuant to Article VIII of the Indenture shall be allocated and paid as set forth in this Article IV.

• On each Distribution Date prior to the beginning of the Accumulation Period and prior to the occurrence of an Early Amortization Event, the Trustee shall deposit Non-Principal Collections and Investment Proceeds, if any--to the extent available pursuant to Section 4.6(a)(x)--into the Yield Supplement Account in an amount equal to the Yield Supplement Account Deposit Amount, if any, for that Distribution Date.

More Definitions of Non-Principal Collections

Non-Principal Collections means Collections of interest, all other non-principal charges (including insurance service fees and handling fees) and Discount Portions under the Receivables; provided that all be Non-Principal Collections.

Non-Principal Collections means the sum of (a) Collections of interest and all other non-principal charges (including insurance service fees and handling fees) on the Receivables; (b) all Recoveries; (c) all interest and earnings on investments included in the Excess Funding Account, net of losses and investment expenses; (d) payments by Dealers of Manufacturer Discount Amounts; (e) payments by manufacturers of Manufacturer Subsidy Amounts; and (f) to the extent allocable to the Note Trust Certificate, “Non-Principal Collections” (as defined in the Pooling and Servicing Agreement)”; and

Non-Principal Collections means the sum of (a) Collections of interest and all other non-principal charges (including insurance service fees and handling fees) on the Receivables, provided that if the Master Servicer does not allocate such non-principal charges to specific Receivables, the amounts received shall constitute “Non-Principal Collections” pursuant to this clause (a) if they are paid by a Dealer which is an obligor of an Account; (b) all Recoveries; provided, that any Recoveries or other amounts received up to the Reimbursement Amount with respect to a Credit Insurance Receivable shall be deemed not to be Collections or otherwise Collateral for any purposes hereof; (c) all interest and earnings on investments included in the Excess Funding Account (as defined in the Indenture), net of losses and investment expenses; (d) payments by Dealers of Manufacturer Discount Amounts (including amounts deemed to be payments of such Manufacturer Discounts Amounts); (e) payments by Manufacturers of Manufacturer Subsidy Amounts; (f) amounts deemed to be collections of interest and non-principal charges by or on behalf of Dealers; (g) amounts received under or in connection with any Credit Insurance to the extent not allocated by the Master Servicer as Principal Collections in accordance with its current practices and (h) the product of (i) any other Collections not described in the preceding clauses (a) through (g) of this definition, multiplied by (ii) the Discount Factor.”

Non-Principal Collections means Collections under the Receivables other than Principal Collections, provided that (i) all Recoveries and (ii) interest and other investment earnings on funds on deposit in the Excess Funding Account deposited into the Collections Account shall be Non-Principal Collections.

Non-Principal Collections means all Collections of interest and other non-principal charges and all Recoveries under all of the Conveyed Receivables in the Accounts.

Non-Principal Collections means the sum of (a) Collections of interest and all other non-principal charges (including insurance service fees and handling fees) on the Receivables; (b) all Recoveries; (c) all interest and earnings on investments included in the Excess Funding Account, net of losses and investment expenses; and (d) to the extent allocable to the Note Trust Certificate, “Non-Principal Collections” (as defined in the Pooling and Servicing Agreement).

Non-Principal Collections. (as defined in the Pooling and Servicing Agreement)”; and