# 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.
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.
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.

## Examples of Quarterly Principal Payment Rate in a sentence

• 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.

• After a period of twenty-four (24) hours, if repairs are not made, the City will direct other forces to repair this equipment and charge the polymer supplier.DS7.

• 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.

• 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.

## More Definitions of Quarterly Principal Payment Rate

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.
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.

## 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.

• Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

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

• Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

• Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

• Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

• Scheduled Principal Payment Date means April 15, 2008.

• Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

• Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

• 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).

• Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

• Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

• Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

• Class A-4 Final Scheduled Payment Date means July 15, 2031.

• Group I 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 I Principal Distribution Amount.

• Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

• Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

• Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

• Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

• Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.