Noteholders’ Regular Principal Distributable Amount. With respect to the Notes, for any Distribution Date, the lesser of:
Noteholders’ Regular Principal Distributable Amount. With respect to the Notes, for any Distribution Date related to the Amortization Period, the lesser of:
Noteholders’ Regular Principal Distributable Amount means, with respect to any Payment Date, an amount not less than zero, equal to the excess, if any, of (a) the Outstanding Amount of the Notes as of the day immediately preceding the Payment Date over (b) the aggregate Securitization Value as of the last day of the related Collection Period less the Overcollateralization Target Amount, minus (c) the amount allocated as the Noteholders' First Priority Principal Distributable Amount, if any, with respect to such Payment Date, minus (d) the amount allocated as the Noteholders' Second Priority Principal Distributable Amount, if any, with respect to such Payment Date.
Examples of Noteholders’ Regular Principal Distributable Amount in a sentence
Notwithstanding the foregoing, on or after the Final Scheduled Distribution Date for the Class D Notes, the Noteholders’ Regular Principal Distributable Amount will equal the greater of (1) the amount specified above and (2) the outstanding principal balance of the notes as of the preceding distribution date reduced by the Aggregate Noteholders’ Priority Principal Distributable Amount, if any, with respect to the then current distribution date.
More Definitions of Noteholders’ Regular Principal Distributable Amount
Noteholders’ Regular Principal Distributable Amount means, with respect to any Payment Date, an amount not less than zero, equal to the excess, if any, of (a) the Outstanding Amount of the Notes as of the day immediately preceding the Payment Date over (b) the aggregate Securitization Value as of the last day of the related Collection Period less the Overcollateralization Target Amount, minus (c) the amount allocated as the Noteholders’ First Priority Principal Distributable Amount, if any, with respect to such Payment Date, minus (d) the amount allocated as the Noteholders’ Second Priority Principal Distributable Amount, if any, with respect to such Payment Date.
Noteholders’ Regular Principal Distributable Amount means, with respect to any Distribution Date, the excess of the Principal Distributable Amount with respect to such Distribution Date over the aggregate amount of the First Priority Principal Distributable Amount, the Second Priority Principal Distributable Amount, and the Third Priority Principal Distributable Amount distributed on such Distribution Date; provided, however, that the Noteholder’s Regular Principal Distributable Amount shall not exceed the Outstanding Amount of the Notes (after giving effect to other amounts distributable in respect of principal on the Class A Notes, Class B Notes, and Class C Notes to be deposited in the Note Distribution Account in respect of the First Priority Principal Distributable Amount, the Second Priority Principal Distributable Amount, and the Third Priority Principal Distributable Amount on such Distribution Date); and provided, further, that the Noteholder’s Regular Principal Distributable Amount on or after the Final Distribution Date for a Class of Notes shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on such Class of Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of such Class of Notes to zero.
Noteholders’ Regular Principal Distributable Amount means, with respect to any Distribution Date, the excess of the Principal Distributable Amount with respect to such Distribution Date over the aggregate amount of the First Priority Distributable Amount and the Second Priority Distributable Amount distributed on such Distribution Date; provided, however, that the Noteholder’s Regular Principal Distributable Amount shall not exceed the Outstanding Amount of the Notes (after giving effect to other amounts distributable in respect of principal on the Class A Notes and Class B Notes to be deposited in the Note Distribution Account in respect of the First Priority Principal Distributable Amount and the Second Priority Principal Distributable Amount on such Distribution Date); and provided, further, that the Noteholder’s Regular Principal Distributable Amount (i) on or after the Class A-1 Final Distribution Date shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on the Class A-1 Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of the Class A-1 Notes to zero, (ii) on or after the Class A-2 Final Distribution Date shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on the Class A-2 Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of the Class A-2 Notes to zero, (iii) on or after the Class A-3 Final Distribution Date shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on the Class A-3 Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of the Class A-3 Notes to zero, (iv) on or after the Class A-4 Final Distribution Date shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on the Class A-4 Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of the Class A-4 Notes to zero, (v) on or after the Class B Final Distribution Date shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on the Class B Notes on such Distribution Date and allocable to principal) to reduce the O...
Noteholders’ Regular Principal Distributable Amount means, with respect to any Distribution Date, the excess of the Principal Distributable Amount with respect to such Distribution Date over the aggregate amount of the First Priority Principal Distributable Amount distributed on such Distribution Date; provided, however, that the Noteholder’s Regular Principal Distributable Amount shall not exceed the Outstanding Amount of the Notes (after giving effect to other amounts distributable in respect of principal on the Class A Notes and Class B Notes to be deposited in the Note Distribution Account in respect of the First Priority Principal Distributable Amount on such Distribution Date); and provided, further, that the Noteholder’s Regular Principal Distributable Amount on or after the Final Distribution Date for a Class of Notes shall not be less than the amount that is necessary (after giving effect to other amounts to be deposited in the Note Distribution Account for payment on such Class of Notes on such Distribution Date and allocable to principal) to reduce the Outstanding Amount of such Class of Notes to zero.
Noteholders’ Regular Principal Distributable Amount means, with respect to each Monthly Payment Date, the lesser of (i) the Regular Principal Distribution Amount and (ii) the amount, if any, necessary to reduce the aggregate principal amount of the Notes so that the Overcollateralization Amount shall equal the Targeted Overcollateralization Amount after application of payments in reduction of the aggregate principal amount of the Notes on such Monthly Payment Date; provided that on and after the Stated Maturity Date for any Class or Classes of Notes, the Noteholders' Regular Principal Distributable Amount shall be calculated as an amount which is not less than the amount required to reduce the aggregate principal amount of the Notes of such Class or Classes to zero.
Noteholders’ Regular Principal Distributable Amount as defined in Appendix A to the Trust Sale and Administration Agreement.
Noteholders’ Regular Principal Distributable Amount means, with respect to the Notes (other than the Class N Notes), for any Distribution Date, the lesser of: