Principal Collections. On each Payment Date, so long as no Event of Default has occurred and is continuing, the Borrower shall direct (which direction shall be deemed given upon receipt by the Collateral Custodian of the related Payment Date Report) the Collateral Custodian to pay pursuant to the latest Payment Date Report (and the Collateral Custodian shall make payment from the Principal Collection Account to the extent of Available Funds, in reliance on the information set forth in such Payment Date Report) to the following Persons, the following amounts in the following order of priority:
Principal Collections. (a) The "Series 1997-1 Excess Principal Collections," with respect to ------------------------------------------ any Distribution Date, shall mean Excess Principal Collections for such Distribution Date in an amount equal to the lesser of (a) the Series 1997-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1997- 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
Principal Collections. All Principal Collections on Purchased Receivables shall be payable to the Purchasers up to the amount of the Outstanding Purchase Price from time to time. On each Settlement Date during the Revolving Period, Principal Collections received during the prior Settlement Period shall be first, applied to the aggregate Purchase Price of Eligible Receivables purchased on such Settlement Date in accordance with the terms and conditions of this Agreement and second, paid to the Purchasers on such Settlement Date and applied in respect of the Outstanding Purchase Price. On each Settlement Date during the Amortization Period, Principal Collections received during the prior Settlement Period shall be paid to the Purchasers on such Settlement Date and applied in respect of the Outstanding Purchase Price. Following an Amortization Event, Principal Collections on account of the Purchase Discount applied to the Purchase Price of Receivables purchased during a Rating Event or a Discount Event may, at the discretion of the Managing Facility Agent, be deemed Finance Charge Collections available to be distributed pursuant to subsections 2.16(b)(ii) and (b)(iii).
Principal Collections. Class A Principal Allocation Percentage 85.0000% Class A Monthly Principal $66,418,652.59 Class B Principal Allocation Percentage 7.0000% Class B Monthly Principal $5,469,771.39 Collateral Principal Allocation Percentage 8.0000% Collateral Monthly Principal $6,251,167.30 Total Monthly Principal $78,139,591.28 Reallocated Principal Collections $0.00 Shared Principal Collections allocable from other Series $0.00 IX. INVESTOR CHARGE-OFFS CLASS A INVESTOR CHARGE-OFFS Class A Investor Charge-Offs $0.00 Class A Investor Charge-Offs per $1,000 original certificate principal amount $0.00 Total amount reimbursed in respect of Class A Investor Charge-Offs $0.00 Total amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount $0.00 The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Investor Interest after giving effect to all transactions on such Distribution Date. $0.00 CLASS B INVESTOR CHARGE-OFFS Class B Investor Charge-Offs $0.00 Class B Investor Charge-Offs per $1,000 original certificate principal amount $0.00 Total amount reimbursed in respect of Class B Investor Charge-Offs $0.00 Total amount reimbursed in respect of Class B Investor Charge-Offs per $1,000 original certificate principal amount $0.00 The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Investor Interest after giving effect to all transactions on such Distribution Date. $0.00 Collateral INVESTOR CHARGE-OFFS Collateral Investor Charge-Offs $0.00 Collateral Investor Charge-Offs per $1,000 original certificate principal amount $0.00 Total amount reimbursed in respect of Collateral Investor Charge-Offs $0.00 Total amount reimbursed in respect of Collateral Investor Charge-Offs per $1,000 original certificate principal amount $0.00 The amount, if any, by which the outstanding principal balance of the Collateral Certificates exceeds the Collateral Investor Interest after giving effect to all transactions on such Distribution Date. $0.00
Principal Collections. So long as no Event of Default has occurred and is continuing, the Administrative Agent, on behalf of the Facility Servicer and the Borrower, shall (as directed pursuant to the first paragraph of this Section 2.08) instruct the Account Bank to transfer Principal Collections (with respect to all Term Loan Series) held by the Account Bank in the Collection Account in accordance with the Payment Date Report for such Payment Date, and shall distribute such funds, to the following Persons in the following amounts, calculated as of the most recent Determination Date, in the following order and priority:
Principal Collections. (a) Series 2008-1 Principal (lesser of (v) and (vi))
Principal Collections. On each Quarterly Payment Date, so long as no Event of Default has occurred and is continuing, the Collateral Manager shall direct (which direction shall be deemed given upon receipt by the Collateral Custodian of the related Quarterly Payment Date Report) the Collateral Custodian to pay pursuant to the latest Quarterly Payment Date Report (and the Collateral Custodian shall make payment from the Principal Collection Account to the extent of Available Funds (other than Principal Collections that have been designated for use to settle binding commitments with respect to Eligible Loans entered into prior to the applicable Quarterly Determination Date), in reliance on the information set forth in such Quarterly Payment Date Report) to the following Persons, the following amounts in the following order of priority:
Principal Collections. (A) Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii))) $0.00 (B) Liquidation Proceeds (IV(F(i))) 0.00
Principal Collections. (a)The aggregate amount of $ Principal Collections processed during the Related Collection Period allocated to Series 1999-1 (i.e., the product of item D(1)(b) and item C(7)): (b)The aggregate amount of $ Principal Collections processed during the Related Collection Period allocated to Series 1999-1 Investor Certificates (i.e., the product of item D(2)(a) and item C(9), if the related Collection Period commences during the Revolving Period, or the product of item D(2)(a) and item C(10) if such Collection Period commences after the Revolving Period terminates):
Principal Collections. The Borrower shall (A) within five (5) Business Days of the 15th day of each month, prepay the Loans in an amount equal to the Applicable Prepayment Percentage of all Principal Collections received from the first day of such month through such 15th day as to which a prepayment has not yet been made under this paragraph and (B) within five (5) Business Days of the last day of each month, prepay the Loans in an amount equal to the Applicable Prepayment Percentage of all Principal Collections received from such 15th day through such last day as to which a prepayment has not yet been made under this paragraph.”
