Principal Advance Payment definition
Principal Advance Payment means, on any Relevant Date prior to the relevant Transfer Date, payments of Cash Available for Investment (which is not to be otherwise utilised on such Relevant Date and which would otherwise be retained in the Receivables Trustee Investment Account in respect of a Relevant Series and in respect of a particular Collection Period) to the Transferor or the Transferor Beneficiary from amounts standing to the credit of the Receivables Trustee Investment Account (or any ledger or sub-ledger thereof) for the Relevant Series by way of transfer to the Transferor Receipts Account.