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allocated with respect thereto pursuant to Section 4.4(a)(vi) with respect to such Transfer Date and the amount withdrawn from the Reserve Account on such Transfer Date and applied pursuant to Section 4.4(a)(vi), the Collateral Amount will be reduced (but not below zero) by the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.