Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.
Regular Principal Distributable Amount means, with respect to any Payment Date, an amount equal to the lesser of (i) the Note Balance of the Notes on that Payment Date (before giving effect to any payments of principal made to Noteholders on that Payment Date) and (ii) an amount equal to the amount, if any, by which the Note Balance of the Notes on that Payment Date (before giving effect to any payments of principal made to Noteholders on that Payment Date) exceeds the excess, if any, of the Adjusted Pool Balance as of the last day of the related Collection Period minus the Target Overcollateralization Amount, less the amount of any Priority Principal Distributable Amount.
Regular Principal Distributable Amount means, with respect to any Distribution Date, the amount equal to the sum of the following amounts with respect to the related Collection Period: (i) collections received on Contracts (other than Liquidated Contracts and Purchased Contracts) allocable to principal as determined by the Servicer, including full and partial principal prepayments (other than partial prepayments on Precomputed Contracts representing amounts not due in such Collection Period which will be deposited into the Payahead Account in accordance with this Agreement), (ii) the Principal Balance (immediately prior to the reduction thereof to zero as provided in the definition of "Liquidated Contract") of all Contracts (other than Purchased Contracts) that became Liquidated Contracts during the related Collection Period, (iii) the Principal Balance of all Contracts that became Purchased Contracts as of the immediately preceding Record Date and (iv) the aggregate amount of Cram Down Losses incurred during the related Collection Period.
Examples of Regular Principal Distributable Amount in a sentence
For purposes of distributions from the Reserve Fund pursuant to Section 4.02(d) of the Sale and Servicing Agreement, any portion of the Priority Principal Distributable Amount and the Regular Principal Distributable Amount shall be deemed to be due and payable on any Payment Date on which funds sufficient to pay such portion would be available to make such payment from funds withdrawn from the Reserve Fund and distributed with the priorities set forth in accordance with this Section 2.08(a).
Notwithstanding the foregoing, on or after the Final Scheduled Distribution Date for the Class D Notes, the Noteholders’ Regular Principal Distributable Amount will equal the greater of (1) the amount specified above and (2) the outstanding principal balance of the notes as of the preceding distribution date reduced by the Aggregate Noteholders’ Priority Principal Distributable Amount, if any, with respect to the then current distribution date.
Additionally, any portion of the First Priority Principal Distributable Amount and the Regular Principal Distributable Amount shall be deemed to be due and payable on any date where the Servicer elects to exercise its Optional Purchase and the Issuer redeems the outstanding Notes pursuant to Section 10.01.
Mr Brereton asked the Cabinet Member for Highways and Transport a question about a bridge at Broughton Mills, which had been subject to temporary weight restrictions for the past 18 months.
For the avoidance of doubt, other than on the applicable Final Scheduled Payment Date for a Class of Notes, the First Priority Principal Distributable Amount and the Regular Principal Distributable Amount, or any portion thereof, shall not be due (other than in accordance with Section 2.08(f)) unless amounts are actually available to make such payments in accordance with Section 2.08(a).
More Definitions of Regular Principal Distributable Amount
Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, and the Secondary Principal Distributable Amount, if any, in each case for such Distribution Date; provided, however, that the Regular Principal Distributable Amount for each Distribution Date on or after the Class C Final Distribution Date shall equal the greater of (i) the amount otherwise calculated pursuant to this definition and (ii) the outstanding principal balance of the Class C Notes as of the day preceding such Distribution Date.
Regular Principal Distributable Amount has the meaning specified in the Indenture.
Regular Principal Distributable Amount means, with respect to any Distribution Date, the amount equal to the sum of the following amounts with respect to the related Collection Period: (i) collections received on Contracts (other than Liquidated Contracts and Purchased Contracts) allocable to principal as determined by the Servicer, including full and partial principal prepayments (other than partial prepayments on Contracts that allocate principal and interest based on the rule of 78's or the actuarial method, representing payments not due in such Collection Period, which will be deposited into the Payahead Account), (ii) the Principal Balance of all Contracts (other than Purchased Contracts) that became Liquidated Contracts during the related Collection Period, (iii) the Principal Balance as of the date of purchase of all Contracts that became Purchased Contracts as of the immediately preceding record date and (iv) the aggregate amount of Cram Down Losses incurred during the related Collection Period.
Regular Principal Distributable Amount means, with respect to any Distribution Date, the sum of the following amounts, without duplication, with respect to the related Collection Period: (i) that portion of all collections on the Receivables allocable to principal, (ii) the aggregate outstanding principal balance of all Receivables that became Liquidated Receivables during such Collection Period, (iii) the aggregate amount of any Cram Down Losses, and (iv) that portion allocable to principal of the Purchase Amount of all Receivables that became Purchased Receivables during or in respect of such Collection Period.
Regular Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to the excess, if any, of (i) the lesser of (a) the Note Balance of all Notes as of such Distribution Date (before giving effect to any payments made to Noteholders on that Distribution Date) and (b) the excess, if any, of (1) the sum of the Note Balance of all Notes as of such Distribution Date (before giving effect to any payments made to Noteholders on that Distribution Date) and the Overcollateralization Target Amount over (2) the Pool Balance as of the last day of the related Collection Period plus any Pre-Funding Account Amount as of the last day of the related Collection Period, over (ii) the sum of the Priority Principal Distributable Amount and the Secondary Principal Distributable Amount, if any.
Regular Principal Distributable Amount means, with respect to any Distribution Date, the amount equal to the sum of the following amounts with respect to the related Collection Period: (i) collections received on Contracts (other than Liquidated Contracts and Purchased Contracts) allocable to principal as determined by the Servicer, including full and partial principal prepayments (other than partial prepayments on Precomputed Contracts representing amounts not due in such Collection Period which will be deposited into the Payahead Account in accordance with this Agreement), (ii) the Principal Balance (immediately prior to the reduction thereof to zero as provided in the definition of “Liquidated Contract”) of all Contracts (other than Purchased Contracts) that became Liquidated Contracts during the related Collection Period, (iii) the Principal Balance of all Contracts that became Purchased Contracts as of the immediately preceding Record Date and (iv) the aggregate amount of Cram Down Losses incurred during the related Collection Period.
Regular Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) the excess, if any, of (a) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount over the Pool Balance as of the last day of the related Collection Period minus (b) the sum of the Priority Principal Distributable Amount, the Secondary Principal Distributable Amount and the Tertiary Principal Distributable Amount, if any.