Recovery Principal definition

Recovery Principal. With respect to any Payment Date, the sum of (a) the excess, if any, of the Credit Event Amount for such Payment Date, over the Tranche Write-down Amount for such Payment Date; and (b) the Tranche Write-up Amount for such Payment Date.
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Recovery Principal means, with respect to any Payment Date, the sum of:
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Recovery Principal means with respect to any Premium Payment Date the sum of:
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Examples of Recovery Principal in a sentence

  • Recovery Principal With respect to each Payment Date, the sum of: (a) the excess, if any of the related Credit Event Amount for such Payment Date over the related Tranche Write-down Amount for such Payment Date; plus (b) the related Tranche Write-up Amount for such Payment Date.

  • In addition to any other damages that might be due to Town hereunder in connection with the breach of this Agreement by Professional, Professional shall reimburse Town, as described in Article 10 hereof, for costs, damages and expenses that are the result of errors, omissions or delays of the Professional or the Professional’s Consultants.

  • With respect to any Payment Date, the sum of the Stated Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • With respect to each Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • With respect to each Payment Date, if the Minimum Credit Enhancement Test and the Delinquency Test are satisfied, the sum of: (a) the Senior Percentage of the Scheduled Principal for such Payment Date;(b) the Senior Percentage of the Unscheduled Principal for such Payment Date; and Subordinate Reduction Amount Allocation of Senior Reduction Amount Allocation of Subordinate Reduction Amount(c) 100% of the Recovery Principal for such Payment Date.

  • The liquidity, or accessibility, of the Council’s investments is a secondary consideration.

  • IC-Rem = Implementation Cost Remaining (“IC-Rem”): The IC-Rem reflects the remaining balance of the IC (projected and trued-up) when reduced by prior Implementation Cost Recovery Principal Payments (“ICRPP”) and any Implementation Cost Withdrawal Payments paid by former WEIS Participants upon their withdrawal from the WEIS.

  • With respect to each Payment Date, if the Minimum Credit Enhancement Test and the Delinquency Test for a Loan Group are satisfied, the sum of: (a) the Senior Percentage of the Scheduled Principal for such Payment Date and Loan Group;(b) the Senior Percentage of the Unscheduled Principal for such Payment Date and Loan Group; and(c) 100% of the Recovery Principal for such Payment Date and Loan Group.

  • The ICR Charge shall include charges for: an Implementation Cost Recovery Principal Payment (“ICRPP”) for recovery of the remaining unrecovered principal amount of the implementation cost (“IC-Rem”), and an Implementation Cost Finance Charge (“ICFC”) for finance charges on the unrecovered balance of the implementation cost.

  • With respect to each Payment Date, if any of the Minimum Credit Enhancement Test and the Delinquency Test for a Loan Group is not satisfied, the sum of: (a) the Senior Percentage of the Scheduled Principal for such Payment Date and Loan Group;(b) 100% of the Unscheduled Principal for such Payment Date and Loan Group; and(c) 100% of the Recovery Principal for such Payment Date and Loan Group.


More Definitions of Recovery Principal

Recovery Principal means, with respect to each Payment Date and Loan Group, the sum of:
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Recovery Principal or “Recovery Premium”, become insolvent or the subject of any bankruptcy, insolvency, receivership, reorganization or similar proceedings in any jurisdiction or under any similar law or regulations;
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Recovery Principal and “Recovery Premium” shall be due and payable as specified in this “Policy” and the related “Coverage Certificate” or “Amended Coverage Certificate” regardless of the delivery or failure to deliver any “Recovery Reconciliation” hereunder.
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Recovery Principal as of any date of determination means the aggregate cumulative amount of the “Claim Amounts” specified in all “Proofs of Claims” submitted and paid prior to such date and reduced, but not below zero, by any payments of any “Recovery Amounts” received by the “Insurer” prior to such date (and not paid or applied in reduction of any “Recovery Premium”); provided that such amount shall never exceed the product of (x) 25% and (y) the cumulative “Death Benefits” of all “Covered Policies” in the “Covered Portfolio”.
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Related to Recovery Principal

  • Second Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date), over (ii) the Adjusted Pool Balance for such Payment Date minus (b) the First Priority Principal Distribution Amount for such Payment Date; provided, however, that the Second Priority Principal Distribution Amount on the Class B Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero.

  • First Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date), over (b) the related Adjusted Pool Balance; provided, however, that (i) the First Priority Principal Distribution Amount on the Class A-1 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-1 Notes to zero; (ii) the First Priority Principal Distribution Amount on the Class A-2a Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2a Notes to zero; (iii) the First Priority Principal Distribution Amount on the Class A-2b Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2b Notes to zero; (iv) the First Priority Principal Distribution Amount on the Class A-3 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-3 Notes to zero; and (v) the First Priority Principal Distribution Amount on the Class A-4 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-4 Notes to zero.