Principal Collateral Payments definition

Principal Collateral Payments means (i) any payments or prepayments of principal on account of Loan Assets and (ii) the net cash proceeds of any sales or other realizations on account of Credit Tenant Lease Assets, Other Real Estate Owned Assets or other assets, in each case with respect to clauses (i) and (ii) above, to the extent such assets are included in the Collateral or are owned by a Pledged Collateral LLC.
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Principal Collateral Payments means, with respect to each item of Collateral (i) any payments or prepayments in cash of principal on account of Loan Assets and (ii) the net cash proceeds of any sales or other cash realizations on account of any Collateral (including (x) fifty percent (50%) of any settlement payments or deposits arising out of or received in connection with failed Third Party Sales (net of customary transaction expenses incurred by the Loan Parties in connection therewith), (y) proceeds from a Recovery Event (net of customary transaction expenses incurred by the Loan Parties in connection therewith to the extent not used, or committed to be used, for repair or replacement in compliance with Section 5.8) and (z) one hundred percent (100%) of any proceeds or payments received by any Loan Party on account of Other Equity Consideration)) in each case with respect to clauses (i) and (ii) above, to the extent such assets are included in the Collateral or are owned by a Pledged Collateral LLC. For the avoidance of doubt, no Loan Party Investment, no rental or lease payments, no interest payments and no payment of fees (other than as expressly described in clause (ii) above) received by a Loan Party from or on account of an item of Collateral shall constitute Principal Collateral Payments.
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Principal Collateral Payments means, with respect to each item of Collateral or any Covered Assets (i) any payments or prepayments in cash of principal on account of each Loan Asset, in an aggregate amount for all such payments equal to 110% of the Designated Valuation Amount (calculated as of the Closing Date of such Loan Asset), (ii) in respect of any Third Party Sale, regardless of the actual amount of Net Cash Proceeds received by the Borrower on account of any Collateral or Covered Assets, an amount equal to 110% of the Designated Valuation Amount (calculated as of the Closing Date) of such Collateral or Covered Asset and (iii) the Net Cash Proceeds from a Recovery Event, in each case to the extent such assets are Collateral or Covered Assets and in the case of clause (iii), such Net Cash Proceeds are not required to be held and applied to the repair, replacement or
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Examples of Principal Collateral Payments in a sentence

  • After the occurrence and during the continuation of a Principal Collateral Payment Event, any Principal Collateral Payments received by or on behalf of any Loan Party shall, within three Business Days of receipt thereof, be applied toward the prepayment of the Loans.


More Definitions of Principal Collateral Payments

Principal Collateral Payments means, with respect to each item of Collateral (i) any payments or prepayments in cash of principal on account of Loan Assets and (ii) the net cash proceeds of any sales or other cash realizations on account of any Collateral (including (x) fifty percent (50%) of any settlement payments or deposits arising out of or received in connection with failed Third Party Sales (net of customary transaction expenses incurred by the Loan Parties in connection therewith), provided, however, that 100% of such settlement payments or deposits shall not constitute Principal Collateral Payments if at the time of receipt thereof by the Loan Parties, the Borrower shall have satisfied the cumulative principal prepayments required for the next succeeding date pursuant to Section 2.4, (y) proceeds from a Recovery Event (net of customary transaction expenses incurred by the Loan Parties in connection therewith to the extent not used, or committed to be used, for repair or replacement in compliance with Section 5.8 and (z) one hundred percent (100%) of any proceeds or payments received by any Loan Party on account of Other Equity Consideration until an aggregate amount of Principal Collateral Payments equal to the Designated Valuation Amount of the underlying item of Collateral has been applied to prepay the Loans in accordance with Section 2.11)) in each case with respect to clauses (i) and (ii) above, to the extent such assets are included in the Collateral or are owned by a Pledged Collateral LLC. For the avoidance of doubt, no Loan Party Investment, no rental or lease payments, no interest payments and no payment of fees (other than as expressly described in clause (ii) above) received by a Loan Party from or on account of an item of Collateral shall constitute Principal Collateral Payments.
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Principal Collateral Payments means, with respect to each item of Collateral or any Covered Assets (i) any payments or prepayments in cash of principal on account of each Loan Asset, in an aggregate amount for all such payments equal to 110% of the Designated Valuation Amount (calculated as of the Closing Date of such Loan Asset), (ii) in respect of any Third Party Sale, regardless of the actual amount of Net Cash Proceeds received by the Borrower on account of any Collateral or Covered Assets, an amount equal to 110% of the Designated Valuation Amount (calculated as of the Closing Date) of such Collateral or Covered Asset and (iii) the Net Cash Proceeds from a Recovery Event, in each case to the extent such assets are Collateral or Covered Assets and in the case of clause (iii), such Net Cash Proceeds are not required to be held and applied to the repair, replacement or restoration of such Covered Asset pursuant to the terms of any lease, Mortgage or other agreement encumbering or applicable to such Covered Asset. For the avoidance of doubt, (x) no rental or lease payments, no interest payments and no payments of fees (other than as expressly described in clause (ii) above) received by a Covered Party from or on account of any Collateral or Covered Assets shall constitute Principal Collateral Payments and (y) the aggregate amount of all principal payments or repayments received in respect of a Loan Asset and the aggregate amount of Net Cash Proceeds received as a result of a Third Party Sale of any Covered Asset, in each case in excess of 110% of the Designated Valuation Amount for such Covered Asset, shall not constitute Principal Collateral Payments.
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Related to Principal Collateral Payments

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Principal Collections means Collections of Principal Receivables.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2019-4 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2019-4 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • Reallocated Class B Principal Collections shall have the meaning ----------------------------------------- specified in subsection 4.14(b) of the Agreement.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections that are allocated to Series 1999-2 in accordance with subsection 4.13(b).

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Investor Principal Collections means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections retained or deposited in the Principal Account for Series 2012-1 pursuant to Section 4.3(b)(ii) for such Monthly Period.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.