Shared Principal Collections definition

Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

Shared Principal Collections means, for Series 20__-_ and any Payment Date, an amount equal to the excess, if any, of (a) the Available Investor Principal Collections for such Payment Date (without giving effect to clause (a)(iv) of the definition of “Available Investor Principal Collections”), over (b) the amount required to be deposited or distributed, without duplication, pursuant to Sections 4.2(d) and (e) on such Payment Date.

Shared Principal Collections means, as the context requires, either (a) the amount allocated to the Series 1998-3 Securities which, in accordance with subsections 4.9(b) and 4.9(c)(v) of the Agreement, may be applied in accordance with Section 4.3(d) of the Agreement or (b) the amounts allocated to the investor securities of other Series which the applicable Series Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover Principal Shortfalls with respect to the Series 1998-3 Securities.

Examples of Shared Principal Collections in a sentence

• Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections as of such Determination Date for the following Transfer Date.

• The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 1996-E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.09 and pursuant to such Section 4.09 shall be deposited in the Distribution Account or distributed in accordance with the Loan Agreement.

More Definitions of Shared Principal Collections

Shared Principal Collections means, with respect to any Transfer Date, the aggregate amount for all outstanding Series that the related Supplements specify are to be treated as “Shared Principal Collections” for such Transfer Date.

Shared Principal Collections shall have the meaning specified in Section 4.04.

Shared Principal Collections means, with respect to

Shared Principal Collections means, for any Distribution Date, the aggregate amount for all outstanding Series in a Group of Collections of Available Series 2004-1 Principal Collections which the related Indenture Supplements specify are to be treated as “Shared Principal Collections” for such Distribution Date.

Shared Principal Collections means, as of any Payment Date, Principal Collections allocable to a Group III Series of Notes as of such Payment Date that are not required to make principal payments with respect to such Group III Series of Notes as of such Payment Date under the related Series Supplement and are allocable in accordance with the terms of such Series Supplement to make payments on other Group III Series of Notes.

Shared Principal Collections means all amounts that any Indenture Supplement designates as “Shared Principal Collections.”

Shared Principal Collections means, with respect to any Business Day, for all outstanding Series the aggregate amount of Principal Collections which the related Supplements specify are to be treated as "Shared Principal Collections" available to be allocated to other Series for such Business Day.