Determination of Principal Amounts Sample Clauses
The Determination of Principal Amounts clause defines how the main sum of money involved in a financial agreement is calculated or established. Typically, this clause outlines the method for setting the principal, such as referencing a schedule, formula, or external benchmark, and may specify when and by whom the amount is determined. Its core function is to ensure both parties have a clear, agreed-upon understanding of the principal amount, thereby preventing disputes and providing certainty in financial transactions.
Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Certificates for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date.
(b) The amount of principal (the "Class B Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class B Certificates for each Distribution Date, beginning with the Class B Principal Payment Commencement Date, shall be equal to the least of (i) the Available Investor Principal Collections remaining on deposit in the Principal Account with respect to the related Transfer Date after application thereof to Class A Principal, if any, (ii) for each Distribution Date with respect to the Accumulation Period, on or prior to the Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date (minus the Class A Principal with respect to such Transfer Date) and (iii) the Class B Adjusted Invested Amount on such Transfer Date.
(c) The amount of principal (the "Class C Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class C Certificates for each Distribution Date, beginning with the Class C Principal Payment Commencement Date, shall be equal to the least of (i) the Available Investor Principal Collections remaining on deposit in the Principal Account with respect to the related Transfer Date after application thereof to Class A Principal and Class B Principal, if any, (ii) for each Distribution Date with respect to the Accumulation Period, on or prior to the Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date (minus the Class A Principal and the Class B Principal with respect to such Transfer Date) and (iii) the Class C Adjusted Invested Amount on such Transfer Date.
(d) The amount of principal (the "Class D...
Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Certificates on each Distribution Date during the Controlled Accumulation Period shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, (ii) any amount on deposit in the Excess Funding Account allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(v), (vii), (x), (xi) and (xii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.3(e) of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the Class A Controlled Distribution Amount for such Distribution Date; provided, further, that with respect to any Distribution Date, Class A Principal may not exceed the Class A Invested Amount; provided, further, that with respect to the Scheduled Series 1995-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount.
(b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates on each Distribution Date on or after the Class A Scheduled Payment Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percenta...
Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 1999-2 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Scheduled Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.
(b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Securities for each Distribution Date, beginning with the Class B Principal Payment Commencement Date, or, in the case of distributions of Class B Excess Amounts, on each Distribution Date during the Accumulation Period, shall be equal to the lesser of (i) the Available Series 1999-2 Principal Collections remaining on deposit in the Principal Account with respect to the related Transfer Date after application thereof to Class A Principal, if any, (ii) the Class B Invested Amount on such Transfer Date and (iii) in the case of distributions of Class B Excess Amounts, the Class B Excess Amount.
Determination of Principal Amounts. 19 SECTION 4.8. Shared Principal Collections..................................19
Determination of Principal Amounts. Supplemental Principal Payment Amounts and Scheduled Principal Payment Amounts with respect to each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement. However, all principal or interest with respect to any Series of Notes shall be due and payable no later than the Legal Final Settlement Date with respect to such Series.
Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the Available Series 1998-2 Principal Collections on deposit in the Principal Account with respect to the related Monthly Period; provided, however, that with respect to any Distribution Date during the
Determination of Principal Amounts. The amount of principal (the “Series 2008-1 Principal”) distributable from the Collection Account with respect to the Collateral Certificate on each Distribution Date with respect to the Amortization Period shall be equal to an amount calculated as follows: the sum of (a) the Available Series 2008-1 Principal Collections with respect to such Distribution Date plus (b) any amount on deposit in the Special Funding Account that is distributable to the Collateral Certificateholder pursuant to subsection 4.6(d) with respect to the preceding Monthly Period; provided, however, that with respect to any Distribution Date, Series 2008-1 Principal may not exceed the Invested Amount.
Determination of Principal Amounts. 22 SECTION 4.8. Shared Principal Collections..................................22 SECTION 4.9. Application of Funds..........................................23 SECTION 4.10. Coverage of Required Amount for the Series 2001-3 Securities..27
Determination of Principal Amounts. 27 Section 4.8
Determination of Principal Amounts. 17 SECTION 4.8. Shared Principal Collections...............................18 SECTION 4.9. Application of Funds.......................................18 SECTION 4.10. Coverage of Required Amount for the Series [-] Securities..23 SECTION 4.11. Payment of Interest on Class A Securities and Class B Securities.................................................23 SECTION 4.12. Payment Of Security Principal..............................23 SECTION 4.13. Series Charge-Offs.........................................24 SECTION 4.14. Redirected Principal Collections for the Series [-] Securities.................................................25 SECTION 4.15. Determination of Libor.....................................26 SECTION 4.16. Payment Reserve Account....................................26 SECTION 4.17. Principal Funding Account..................................27 SECTION 4.18. Accumulation Period Reserve Account........................27 SECTION 4.19. Postponement of Accumulation Period........................28 SECTION 4.20. Defeasance.................................................28 SECTION 7. ARTICLE V OF THE AGREEMENT........................................29 -i- 3 TABLE OF CONTENTS (CONTINUED) PAGE SECTION 5.1. Distributions..............................................29 SECTION 5.2. Securityholders' Statement.................................30 SECTION 8. SERIES [-] PAY OUT EVENTS.........................................31 SECTION 9. SERIES [-] TERMINATION............................................33 SECTION 10. LEGENDS; TRANSFER AND EXCHANGE; RESTRICTIONS ON TRANSFER OF CLASS A SECURITIES AND CLASS B SECURITIES.............33 SECTION 11. TRANSFERS OF THE EXCESS COLLATERAL................................34