Quarterly Principal Payment Rate definition

Quarterly Principal Payment Rate means (a) with respect to the October 2005 Payment Date, the Principal Payment Rate with respect to the immediately preceding Monthly Period, (b) with respect to the November 2005 Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the December 2005 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding three Monthly Periods and the denominator of which is three.
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Quarterly Principal Payment Rate means (a) with respect to the December 2007 Payment Date, the Principal Payment Rate with respect to the immediately preceding Monthly Period, (b) with respect to the January 2008 Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the February 2008 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding three Monthly Periods and the denominator of which is three.
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Quarterly Principal Payment Rate means (a) with respect to the [ ] 201[_] Payment Date, the Principal Payment Rate with respect to the immediately preceding Monthly Period, (b) with respect to the [ ] 201[_] Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the [ ] 201[_] Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding three Monthly Periods and the denominator of which is three.
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Examples of Quarterly Principal Payment Rate in a sentence

  • Quarterly Principal Payment Rate93.55%Is the Quarterly Principal Payment Rate greater than 60%?YesAMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as ServicerBy: /s/ Mark C.

  • Quarterly Principal Payment Rate87.59%Is the Quarterly Principal Payment Rate greater than 60%?YES AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Stephen J.

  • Quarterly Principal Payment Rate94.98%Is the Quarterly Principal Payment Rate greater than 60%?Yes* On August 22, 2013, the definition of “Monthly Period” applicable to the American Express Issuance Trust II was amended.

  • Quarterly Principal Payment Rate92.89%Is the Quarterly Principal Payment Rate greater than 60%?YesAMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: /s/ Beth Schaefer Name: Beth SchaeferTitle: Vice President ABS OperationsMONTHLY SERVICER'S CERTIFICATEAMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.

  • Upon receipt of a completed application, NYSERDA will, within thirty business days, review and determinewhether additional information is required, or whether the application is sufficient to permit the Applicant to be a Finance Provider.

  • Quarterly Principal Payment Rate89.70%Is the Quarterly Principal Payment Rate greater than 60%?YesAMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as ServicerBy: /s/ Morey J.

  • Quarterly Principal Payment Rate92.23%Is the Quarterly Principal Payment Rate greater than 60%?Yes AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as ServicerBy: /s/ Mark C.


More Definitions of Quarterly Principal Payment Rate

Quarterly Principal Payment Rate means (a) with respect to the [_____] 20[_] Payment Date, the Principal Payment Rate with respect to the immediately preceding Monthly Period, (b) with respect to the [_____] 20[_] Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the [_____] 20[_] Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding three Monthly Periods and the denominator of which is three.
Sample 1
Quarterly Principal Payment Rate means (a) with respect to the [_______] Payment Date, the Principal Payment Rate with respect to the immediately preceding Monthly Period, (b) with respect to the [__________] Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the [_________] Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Principal Payment Rates for the immediately preceding three Monthly Periods and the denominator of which is three.
Sample 1

Related to Quarterly Principal Payment Rate

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Expected Principal Payment Date means April 15, 2010.

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

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Monthly Principal is defined in Section 4.1(d).