Monthly Principal is defined in Section 4.1(d).
Monthly Principal means the monthly principal distributable in respect of the Notes and the O/C Amount as calculated in accordance with Section 4.03.
Monthly Principal means the monthly principal distributable in ----------------- respect of the Series 1997-6 Certificates as calculated in accordance with Section 4.07 of the Agreement.
Examples of Monthly Principal in a sentence
The amount of distribution in respect of Collateral Monthly Principal $ 0.0000004.
The amount of distribution in respect of ClassA Monthly Principal $ 0.000000 $0.0000003.
During the Rapid Amortization Period, in addition to Class A Monthly Interest, Class A Monthly Principal will be distributed to the Class A Certificateholders on each Distribution Date commencing in the month following the commencement of the Rapid Amortization Period until the Class A Certificates have been paid in full.
The amount of distribution in respect of Class B Monthly Principal $ 0.0000003.
The amount of distribution in respect of Collateral Monthly Principal C.
More Definitions of Monthly Principal
Monthly Principal. The principal portion of any Monthly Payment.
Monthly Principal shall have the meaning specified in Section 4.03.
Monthly Principal means the monthly principal distributable in respect of the Notes as calculated in accordance with Section 4.03.
Monthly Principal for any Payment Date will equal the sum of the following:
Monthly Principal means the amount of principal which is payable to the Noteholders on any Payment Date pursuant to the terms of the Indenture.
Monthly Principal means, with respect to any Payment Date, an amount equal to the excess of (a) the Aggregate Discounted Contract Balance at the close of business on the last day of the second preceding Collection Period over (b) the Aggregate Discounted Contract Balance at the close of business on the last day of the immediately preceding Collection Period.
Monthly Principal means, with respect to any Payment Date, the aggregate amount of principal paid to the Class A Notes, Class B Notes or Class C Notes, as applicable, as the First Priority Principal Distribution Amount, Second Priority Principal Distribution Amount, Third Priority Principal Distribution Amount and Regular Principal Distribution Amount for such Payment Date, in each case to the extent of Available Funds and in the order of priority specified in Section 5.15(a).