Principal Coverage Amount means, as of any date of determination, an amount equal to the sum of (without duplication) (a) the Aggregate Principal Amount (including Purchased Accrued Interest) of all Collateral Debt Obligations (other than Defaulted Obligations and Below-Par SecuritiesCollateral Debt Obligations) in the Trust Estate on such date of determination, plus (b) the Balance of Eligible Investments in the Collection Account (which shall include Eligible Investments in the Unused Proceeds Account for purposes of this clause (b)) that represent Collateral Principal Collections in the Trust Estate on such date of determination, plus (c) the aggregate Defaulted Obligation Amount of all Defaulted Obligations, plus (d) the purchase price (expressed as a percentage of the par amount and excluding any amounts representing accrued and unpaid interest) of any Below-Par SecuritiesCollateral Debt Obligations (which do not also constitute Defaulted Obligations or C-Basket SecuritiesCollateral Debt Obligations) multiplied by the par amount of such securities minus (e) the C-Basket SecurityCollateral Debt Obligation Adjustment Amount. For the avoidance of doubt, for purposes of calculating the Principal Coverage Amount, if a Collateral Debt Obligation satisfies the definition of two or more of Defaulted Obligations, C-Basket SecuritiesCollateral Debt Obligations or Below-Par SecuritiesCollateral Debt Obligations, such Collateral Debt Obligation will be deemed to meet the definition that results in the lowest Principal Coverage Amount (and will be deemed not to meet the other definitions).
Principal Coverage Amount means, on any Measurement Date, an amount equal to (i) the aggregate Principal Balance of all Collateral Interests (other than Impaired Interests, Written Down Interests and Deferred Interest PIK Bonds) included in the Collateral on such date, plus (ii) the aggregate Principal Balance of the Eligible Investments in the Collateral Account on such date that represent Collateral Principal Collections, plus (iii) the Impaired Interests Amount, plus (iv) with respect to Written Down Interests, the Reduced Principal Balance, plus (v) the Deferred Interest XXX Xxxx Amount, plus (vi) the Aggregate Class A-R Undrawn Amount (without duplication). For purposes of calculating the Principal Coverage Amount, any Collateral Interest that has sustained an implied reduction of Principal Balance due to an appraisal reduction will not be considered an Impaired Interest solely due to such implied reduction.
Principal Coverage Amount means, on any Measurement Date, an amount equal to (i) the aggregate Principal Balance of all Collateral Debt Securities (other than Defaulted Securities, Written Down Securities and Deferred Interest PIK Bonds) included in the Collateral on such date, plus (ii) the aggregate Principal Balance of the Eligible Investments in the Collateral Account on such date that represent Collateral Principal Collections, plus (iii) the Defaulted Securities Amount, plus (iv) with respect to Written Down Securities, the Reduced Principal Balance, plus (v) the Deferred Interest XXX Xxxx Amount, minus, if the aggregate Principal Balance of all Collateral Debt Securities with an S&P Rating lower than “BBB-” and higher than “CCC+” (expressed as a percentage of the CDS Principal Balance) exceeds 33%, (vi) the product of (a) the aggregate Principal Balance of all Collateral Debt Securities, (b) the Double B Principal Coverage Adjustment Percentage and (c) 10%, minus, if the aggregate Principal Balance of all Collateral Debt Securities with an S&P Rating lower than “BBB-” and higher than “CCC+” (expressed as a percentage of the CDS Principal Balance) exceeds 33%, (vii) the product of (a) the aggregate Principal Balance of all Collateral Debt Securities, (b) the Single B Principal Coverage Adjustment Percentage and (c) 20%; provided that any Collateral Debt Security and Written Down Security carried at its Reduced Principal Balance (other than any Defaulted Security or any Deferred Interest XXX Xxxx) that has a Rating of “CCC+” or lower shall be included at 70% of its Principal Balance.
More Definitions of Principal Coverage Amount
Principal Coverage Amount means as of any date of determination an amount equal to the result of (without duplication) (i) the Aggregate Principal Balance of all Performing Collateral Obligations (other than Discount Purchases), plus (ii) the aggregate amount of cash and the principal balance of any Eligible Investments on deposit in the Principal Collection Account (but not less than zero), plus (iii) the aggregate Defaulted Obligation Amount of all Defaulted Obligations, plus (iv) the purchase price (expressed as a percentage of the par amount and excluding any amounts representing accrued and unpaid interest) of any Discount Purchases (which do not also constitute Defaulted Obligations or C‐Basket Securities) multiplied by the par amount of such loans or securities; minus (v) the C‐Basket Security Adjustment Amount. For purposes of calculating the Principal Coverage Amount, if a Collateral Obligation satisfies the definition of two or more of Defaulted Obligations, C‐Basket Security Adjustment Amount or Discount Purchase, such Collateral Obligation will be deemed to meet the definition that results in the lowest Principal Coverage Amount.
Principal Coverage Amount means, on any Measurement Date, an amount equal to (i) the aggregate Principal Balance of all Collateral Interests (other than Impaired Interests, Written Down Interests and Deferred Interest PIK Bonds) included in the Collateral on such date, plus (ii) the aggregate Principal Balance of the Eligible Investments in the Collateral Account on such date that represent Collateral Principal Collections, plus (iii) the Impaired Interests Amount, plus (iv) with respect to Written Down Interests, the Reduced Principal Balance, plus (v) the Deferred Interest XXX Xxxx Amount. For purposes of calculating the Principal Coverage Amount, any Collateral Interest that has sustained an implied reduction of Principal Balance due to an appraisal reduction will not be considered an Impaired Interest solely due to such implied reduction.
Principal Coverage Amount means an amount equal to the product of 10 per cent. and the Initial Principal Amount, subject to reductions following any redemption, purchase pursuant to Condition 7.4 (Purchases) and cancellation of the Notes pursuant Condition 7.10 (Cancellation).
Principal Coverage Amount means as of any Remittance Date, an amount equal to the sum (without duplication) of (a) the amount of Principal Collections held as Cash or Permitted Investments plus (b) the Aggregate Outstanding Loan Balance (other than Charged-Off Loans and Discount Purchase Loans) plus (c) the aggregate purchase price of all Discount Purchase Loans plus (d) on or prior to the Effective Date, any amounts on deposit in the Unused Proceeds Account.
Principal Coverage Amount means, as of any date of determination, an amount equal to the sum of (without duplication) (a) the Aggregate Principal Amount (including Purchased Accrued Interest) of all Collateral Debt Obligations (other than Defaulted Obligations and Below-Par Collateral Debt Obligations) in the Trust Estate on such date of determination, plus (b) the Balance of Eligible Investments in the Collection Account (which shall include Eligible Investments in the Unused Proceeds Account for purposes of this clause (b)) that represent Collateral Principal Collections in the Trust Estate on such date of determination, plus
Principal Coverage Amount means, as of any date of determination, an amount equal to the sum of (without duplication) (a) the Aggregate Principal Amount (including Purchased Accrued Interest) of all Collateral Debt Obligations (other than Defaulted Obligations and Below-Par Securities) in the Trust Estate on such date of determination, plus(b) the Balance of Eligible Investments in the Collection Account (which shall include Eligible Investments in the Unused Proceeds Account for purposes of this clause (b)) that represent Collateral Principal Collections in the Trust Estate on such date of determination, plus (c) the aggregate Defaulted Obligation Amount of all Defaulted Obligations, plus (d) the purchase price (expressed as a percentage of the par amount and excluding any amounts representing accrued and unpaid interest) of any Below-Par Securities (which do not also constitute Defaulted Obligations or C-Basket Securities) multiplied by the par amount of such securities minus (e) the C-Basket Security Adjustment Amount. For the avoidance of doubt, for purposes of calculating the Principal Coverage Amount, if a Collateral Debt Obligation satisfies the definition of two or more of Defaulted Obligations, C-Basket Securities or Below-Par Securities, such Collateral Debt Obligation will be deemed to meet the definition that results in the lowest Principal Coverage Amount (and will be deemed not to meet the other definitions).