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 1997-1 Certificates 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 certificates 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 1997-1 Certificates.
Examples of Shared Principal Collections in a sentence
Plus: Shared Principal Collections allocated to this Series0.00d.
The aggregate amount Shared Principal Collections allocated to: 1.
Aggregate Available Principal Collections treated as Shared Principal Collections: $ 0.00 L.
Shared Principal Collections allocated to this Series from other Series0.00 XIII.
On each Business Day with respect to the Revolving Period, the Servicer shall apply, or direct the Indenture Trustee to apply by written instruction to the Indenture Trustee, Available Series Principal Collections for such date as Shared Principal Collections with respect to Principal Sharing Group One and applied in accordance with Section 4.08 hereof and Section 8.5(c) of the Indenture.
More Definitions of Shared Principal Collections
Shared Principal Collections shall have the meaning specified in Section 4.04.
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 means, with respect to
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. "Supplemental Swap Letter" shall mean that certain letter agreement designated as the Supplemental Swap Letter, dated as of the Closing Date, between the Seller, the Trustee and the Swap Counterparty. "Swap Counterparty" shall have the meaning specified in the Interest Rate Swap. "Swap Fixed Rate" shall mean for any applicable Interest Period, the fixed rate specified in the Interest Rate Swap. "Swap Floating Rate" shall mean for any applicable Interest Period, the floating rate specified in the Interest Rate Swap. "Swap Reserve Draw Amount" shall have the meaning specified in subsection 4.16(c). "Swap Reserve Fund" shall have the meaning specified in subsection 4.16(a). "Swap Reserve Fund Surplus" shall mean, as of any Transfer Date, the amount, if any, by which the amount on deposit in the Swap Reserve Fund exceeds the Required Swap Reserve Fund Amount. "Transfer" shall have the meaning specified in subsection 19(a). "Transfer Agreement" shall mean the agreement among MBNA and the Collateral Interest Holder, dated as of the Closing Date, as amended or modified from time to time, relating to the transfer of the Collateral Interest. "Unallocated Principal Collections" shall have the meaning specified in subsection 4.05(e). SECTION 3.
Shared Principal Collections means, with respect to any Monthly Period, the aggregate amount for all outstanding Series in Group One of Collections of Principal Receivables available after covering required distributions and deposits under each Series Supplement and that are to be treated as "Shared Principal Collections" pursuant to Section 4.6(e)(iii) and Section 4.6(f)(v) and the respective applicable sections of any Supplement for other Series in Group One.
Shared Principal Collections has, with respect to any Series, the meaning specified in the related Indenture Supplement.
Shared Principal Collections means, as of any Payment Date, Principal Collections allocable to a Group II Series of Notes as of such Payment Date that are not required to make payments of principal with respect to such Group II 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 II Series of Notes.