Principal Collateral Value definition

Principal Collateral Value. On any Measurement Date, the sum of the Principal Balances of all Eligible Assets included as part of the Collateral on such date.
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Principal Collateral Value means, the sum of (i) the Aggregate Principal Balance of the Collateral Debt Obligations plus accrued interest on the Collateral Debt Obligations to the extent that such accrued interest was purchased with Principal Proceeds and (ii) amounts on deposit in the Principal Collection Account, including Eligible Investments that represent Principal Proceeds (after giving effect to any prior distribution pursuant to the Priority of Payments); provided that, for purposes of determining whether or not the Portfolio Profile Test is satisfied in all cases under the Indenture, the Principal Collateral Value of a Defaulted Obligation will be deemed to be zero and will not be included or considered in such determination.
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Principal Collateral Value. On any Measurement Date, (x) the sum of the Principal Balances of all Eligible Assets included as part of the Collateral on such date minus (y) the Market Value Adjustment Amount.
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Examples of Principal Collateral Value in a sentence

  • The sum of the Principal Balances of Loans with respect to which the Servicer may exercise its Purchase Option on any date of determination before the Termination Date shall not exceed 10% of the highest Principal Collateral Value of any month during the 12 month period immediately preceding such date of determination.

  • The Servicer (if other than the Backup Servicer acting as Successor Servicer) will manage the portfolio and advise the Seller with respect to purchases of Assets so as to not at any time allow the sum of the Principal Balances of all Assets owned by the Seller and that are principally secured by an interest in real property (within the meaning of Treasury Regulation Section 301.7701(i)-1(d)(3)) to exceed 40% of the Principal Collateral Value.

  • The sum of the Principal Balances of all Assets owned by the Seller and that are principally secured by an interest in real property (within the meaning of Treasury Regulation Section 301.7701(i)-1(d)(3)) shall not at any time exceed 40% of the Principal Collateral Value.