Common use of Payment of Series Principal Clause in Contracts

Payment of Series Principal. (A) On each Principal Payment Date, an amount equal to the lesser of

Appears in 20 contracts

Sources: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

Payment of Series Principal. (A) On each Principal Payment Date, an amount equal to the lesser ofof (x) the Class Controlled Amortization Amount for such Principal Payment Date, and

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)