Principal Distributions Sample Clauses

Principal Distributions. On each Distribution Date, the Principal Distribution Amount for that Distribution Date will be distributed in the following order of priority until such amounts have been fully distributed:
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Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, to the holders of the Classes of Offered Certificates then entitled to distributions of principal as set forth below, the applicable Principal Distribution Amount from each Loan Group in the following order of priority:
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Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, distributions in respect of principal, as follows:
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Principal Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Available Distribution Amount for such Distribution Date remaining after the distributions made pursuant to 4.01(d) above and make the following distributions in respect of principal in the following order of priority, in each case to the extent of such remaining Available Distribution Amount:
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Principal Distributions. On each Distribution Date beginning with the first Distribution Date and ending on the Distribution Date before the Distribution Date on which the Class A-3 Notes have been paid in full, the 1999-A Owner Trustee shall distribute from the 1999-A SUBI Collection Account an amount equal to the Investor Percentage of all Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest to (i) the 1999-A Note Distribution Account for payment to the Class A-1 Noteholders until the Class A-1 Notes have been paid in full, (ii) the 1999-A Note Distribution Account for payment to the Class A-2 Noteholders until the Class A-2 Notes have been paid in full, (iii) the 1999-A Note Distribution Account for payment to the Class A-3 Noteholders until the Class A-3 Notes have been paid in full and (iv) the 1999-A Note Distribution Account for payment of the Class A Percentage and the Class B Percentage of any remaining Principal Collections to the Class A-4 Noteholders and Class B Noteholders, respectively. On each Distribution Date from and after the Class A-3 Notes have been paid in full, the 1999-A Owner Trustee shall distribute (i) to the 1999-A Note Distribution Account for payment to the Class A-4 Noteholders, the Class A Percentage of Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest and (ii) subject to subsection (f) below, to the 1999-A Note Distribution Account for payment to the Class B Noteholders, the Class B Percentage of such Principal Collections. On each Distribution Date after the Class B Notes have been paid in full, the 1999-A Owner Trustee shall distribute to the 1999-A Certificate Distribution Account for payment to the Certificateholders the Certificate Percentage of all Principal Collections collected or received in respect of the related Collection Period allocable to the 1999-A SUBI Interest. Distributions to the 1999-A Note Distribution Account and the 1999-A Certificate Distribution Account, and subsequently to the Noteholders and Certificateholders, for payment pursuant to Sections 3.03(c)(x) through (xviii) shall constitute distributions of principal. The aggregate amount of principal distributed to any Class of Noteholders or the Certificateholders shall not exceed the Initial Note Balance or Initial Certificate Balance, as the case may be, attributable to that Class of Notes or the Certificates, as applicable....
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Principal Distributions. During the lifetime of the Grantor, the Trustee shall pay as much of the principal from the Trust Estate as the Trustee shall deem proper, in the Trustee's sole and absolute discretion, to or for the benefit of Xxxxxxx's children or grandchildren. up to the entire amount of the trust corpus together with any accumulated income thereon (including to the Trustee(s) themselves if they are a named remaindermen). In the event any remainder beneficiary’s interest is to be held in a continuing trust upon the death of the Grantor, the Trustee shall be governed by the standard for distributions contained in said continuing trust to prevent this power from affecting said beneficiary’s right to obtain or maintain government benefits, or giving said beneficiary’s creditors any rights hereunder. A Trustee may only make a distribution to himself upon the consent of a co-trustee, or, in the event there is only one Trustee acting, upon the consent of a successor Trustee as a condition precedent to the Trustee making any said distributions. This paragraph is expressly intended to negate the provisions of section 10-10.1 of Estate Powers and Trust Laws of the State of New York. Any distributions made pursuant to the provisions herein shall be considered as advancements in determining the beneficiary's respective share as provided for hereinafter. The Trustee shall have no right to invade principal of the Trust Estate for the benefit of the Grantor or Grantor's spouse. The Grantor directs that the provisions of Section 7-1.6 of the Estates, Powers and Trust Law of the State of New York, or any successor statute thereto, shall not be available to require any invasion of principal by the Trustee or any court.
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Principal Distributions. (a) (Monthly) Subject to paragraph (b), on each Monthly Payment Date (other than a Quarterly Payment Date) and based on the calculations, instructions and directions provided to it by the Manager, the Trustee must distribute or cause to be distributed out of Principal Collections, in relation to the Monthly Collection Period ending immediately before that Monthly Payment Date, the following amounts in the following order of priority:
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Principal Distributions. On each payment date, the issuer will pay principal in reduction of the outstanding principal balance of the notes. Principal payments will be an amount usually equal to the decrease in the principal value of the leases between determination dates. The issuer will pay principal in the following priority: o to the Class A-1 noteholders only, until the principal amount on the Class A-1 Notes has been reduced to zero; o when the Class A-1 Notes have been paid in full: o to the Class A-2 noteholders, until the principal amount on the Class A-2 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-2 Notes have been paid in full, to the Class A-3 noteholders, until the principal amount on the Class A-3 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-3 Notes have been paid in full, to the Class A-4 noteholders, until the principal amount on the Class A-4 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o when the Class A-4 Notes have been paid in full, to the Class A-5 noteholders, until the principal amount on the Class A-5 Notes has been reduced to zero, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class B noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class C noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class D noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases; o to the Class E noteholders, an amount generally equal to _____% of the decrease in the principal value of the leases. This general description of distributions of principal to the notes is subject to certain targets and floors. We refer you to "Descriptions of the Notes--Distributions" in this prospectus supplement for further information regarding the payment of interest and principal on the notes. RESERVE ACCOUNT The trustee will hold the reserve account. The servicer will deposit collections received from the leases into the reserve account on any payment date after interest and principal payments on the notes have been made. The servicer will continue to make those deposits until the balance in the reserve account i...
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Principal Distributions. Subject to the provisions of this section, the Trustees may in their discretion, distribute Principal for any purpose for which Net Cash Income of the Trust may be distributed.
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Related to Principal Distributions

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

  • Special Distributions In case the Company shall fix a record date for the making of a distribution to all holders of shares of Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the surviving corporation) or evidences of indebtedness or assets (other than dividends and distributions referred to in Sections 4(c) and 4(d) above and other than cash dividends) or of subscription rights, options, warrants, or exchangeable or convertible securities containing the right to subscribe for or purchase shares of any class of equity securities of the Company (excluding those referred to in Section 4(e) above), the Warrant Price to be in effect on and after such record date shall be adjusted by multiplying the Warrant Price in effect immediately prior to such record date by a fraction (i) the numerator of which shall be the fair market value per share of Common Stock on such record date, less the fair value (as determined by the Board of Directors of the Company in good faith as set forth in a duly adopted board resolution certified by the Company's Secretary or Assistant Secretary) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights, options, warrants, or exchangeable or convertible securities applicable to one (1) share of the Common Stock outstanding as of such record date, and (ii) the denominator of which shall be such fair market value per share of Common Stock. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Warrant Price shall again be adjusted to be the Warrant Price which would then be in effect if such record date had not been fixed, but such subsequent adjustment shall not affect the number of Warrant Shares issued upon any exercise of this Warrant prior to the date such subsequent adjustment was made. h.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Regular Distributions Subject to the rights of the holders of Preferred Units ranking senior to or on parity with the Series H Preferred Units, the holders of Series H Preferred Units shall be entitled to receive on each Distribution Payment Date, out of assets of the Partnership legally available for the payment of the distributions, monthly cumulative cash distributions at the following rates per annum on the $1,000 liquidation preference per Series H Preferred Unit:

  • Preferred Distributions For any period and without duplication, all Distributions paid, declared but not yet paid or otherwise due and payable during such period on Preferred Securities issued by the Borrower or any of its Subsidiaries or REIT. Preferred Distributions shall not include dividends or distributions: (a) paid or payable solely in Equity Interests of identical class payable to holders of such class of Equity Interests; (b) paid or payable to the Borrower or any of its Subsidiaries; or (c) constituting or resulting in the redemption of Preferred Securities, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

  • Interest Distributions On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Allocations Distributions Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

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