Regular Principal Allocation definition
Regular Principal Allocation means, with respect to any Payment Date, the excess, if any, of the aggregate Outstanding Amount of the Notes as of the day immediately preceding such Payment Date over (a) the Pool Balance at the end of the related Collection Period minus (b) the Target Overcollateralization Level for such Payment Date; provided that the Regular Principal Allocation shall not exceed the aggregate Outstanding Amount of the Notes; provided further that the Regular Principal Allocation on or after the Final Scheduled Payment Date of any Class shall not be less than the amount that is necessary to reduce the Outstanding Amount of such Class to zero.
Regular Principal Allocation means, with respect to any Distribution Date, the excess, if any, of the aggregate Outstanding Amount of the Notes as of the day immediately preceding such Distribution Date over the result of (a) the Pool Balance with respect to such Distribution Date minus (b) the Overcollateralization Target Amount with respect to such Distribution Date; provided, however, that the Regular Principal Allocation on any Distribution Date shall not exceed the Outstanding Amount of the Notes; and provided further that the Regular Principal Allocation on or after the Final Scheduled Distribution Date of any Class of Notes shall not be less than the amount that is necessary to reduce the Outstanding Amount of such Class of Notes to zero.
Regular Principal Allocation means, with respect to any Distribution Date, the excess, if any, of the aggregate Outstanding Amount of the Securities as of the day immediately preceding such Distribution Date over (a) the Pool Balance with respect to such Distribution Date less (b) the Overcollateralization Target Amount with respect to such Distribution Date; provided however, that the Regular Principal Allocation on any Distribution Date shall not exceed the Outstanding Amount of the Securities as of the day immediately preceding such Distribution Date and provided further, that the Regular Principal Allocation on or after the Final Scheduled Distribution Date of any Class of Securities shall not be less than the amount that is necessary to reduce the Outstanding Amount of such Class of Securities to zero.
More Definitions of Regular Principal Allocation
Regular Principal Allocation means, with respect to any Payment Date, the excess, if any, of the aggregate Outstanding Amount of the Notes as of the day immediately preceding such Payment Date over (a) the Pool Balance at the end of the related Collection Period minus
Regular Principal Allocation means, with respect to any Payment Date, the excess, if any, of the aggregate Outstanding Amount of the Securities as of the day immediately preceding such Payment Date over (a) the Pool Balance with respect to such Payment Date less (b) the Overcollateralization Target Amount with respect to such Payment Date; provided however, that the Regular Principal Allocation on any Payment Date shall not exceed the Outstanding Amount of the Securities as of the day immediately preceding such Payment Date and provided further, that the Regular Principal Allocation on or after the Final Scheduled Payment Date of any Class of Securities shall not be less than the amount that is necessary to reduce the Outstanding Amount of such Class of Securities to zero.
Regular Principal Allocation means, with respect to any Distribution Date, the excess, if any, of the aggregate outstanding principal amount of the Notes as of the day immediately preceding such Distribution Date over the result of (a) the Pool Balance at the end of the related Collection Period minus (b) the Overcollateralization Target Amount with respect to such Distribution Date; provided, however, that the Regular Principal Allocation shall not exceed the outstanding principal balance of the Notes; and provided, further, that the Regular Principal Allocation on or after the Final Scheduled Distribution Date of any class of Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of such class of Notes to zero.
Regular Principal Allocation means, with respect to any Payment Date, the greater of (i) the Outstanding Amount of the Class A-1 Notes as of the day immediately preceding such Payment Date and (ii) the excess, if any, of the aggregate Outstanding Amount of the Notes as of the day immediately preceding such Payment Date over (a) the Pool Balance at the end of the related Collection Period minus (b) the Target Overcollateralization Level for such Payment Date; provided that the Regular Principal Allocation shall not exceed the aggregate Outstanding Amount of the Notes; provided further that the Regular Principal Allocation on or after the Final Scheduled Payment Date of any Class shall not be less than the amount that is necessary to reduce the Outstanding Amount of such Class to zero.