Daily Principal Amount definition

Daily Principal Amount means, for any day during any month on which collections of principal receivables are processed for any series, class or tranche of notes, an amount equal to the product of (a) the aggregate amount of collections of principal receivables allocated to the issuer on such day and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for the related series, class or tranche of notes for such day and the denominator of which is the Principal Allocation Amount for all series of notes for such day.
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Daily Principal Amount means, for any day during any Monthly Period on which Collections of Principal Receivables are processed pursuant to Section 4.05 of the Series 2001-D Supplement for any series, class or tranche of Notes, an amount equal to the product of (a) the aggregate amount allocated to the Investor Certificateholders (as defined in the Series 2001-D Supplement) pursuant to Section 4.05(a)(ii) or 4.05(b)(ii) of the Pooling and Servicing Agreement as supplemented by the Series 2001-D Supplement and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such series, class or tranche of Notes for such day and the denominator of which is the Principal Allocation Amount for all series of Notes for such day.
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Daily Principal Amount means, with respect to any Series, Class or Tranche of Notes and for any Date of Processing during any Monthly Period on which Collections of Principal Receivables are processed, an amount equal to the product of (a) the aggregate amount of Collections of Principal Receivables processed on such date and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such Series, Class or Tranche of Notes for such day and the denominator of which is the Principal Allocation Amount for all Series of Notes for such day.
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Examples of Daily Principal Amount in a sentence

  • The Consideration payable on each such Closing Date shall represent satisfaction in full of all principal and interest on such Daily Principal Amount of the Exchanged Notes of each Holder from and after such Closing Date.


More Definitions of Daily Principal Amount

Daily Principal Amount means, for any day during any Monthly Period on which Collections of Principal Receivables are processed pursuant to Section 4.01 of the Series 2005-CC Supplement, for any Series, Class or Tranche of Notes, an amount equal to the product of (a) the aggregate amount allocated to Series 2005-CC pursuant to Section 4.01(a)(ii) or 4.01(b)(ii) of the Series 2005-CC Supplement and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such Series, Class or Tranche of Notes for such day and the denominator of which is the Principal Allocation Amount for all Series of Notes for such day.
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Daily Principal Amount means, for any day during any Monthly Period ---------------------- on which Collections of Principal Receivables are processed pursuant to Section ------- 4.05 of the Series 2001-_ Supplement for any series, class or tranche of Notes, ---- an amount equal to the product of (a) the aggregate amount allocated to the Investor Certificateholders (as defined in the Series 2001-_ Supplement) pursuant to Section 4.05(a)(ii) or 4.05(b)(ii) of the Pooling and Servicing ------------------- ----------- Agreement as supplemented by the Series 2001-_ Supplement and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such series, class or tranche of Notes for such day and the denominator of which is the Principal Allocation Amount for all series of Notes for such day.
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Daily Principal Amount means, for any day during any Monthly Period on which Collections of Principal Receivables are processed pursuant toSection 4.05 of the Series 2001-D Supplement for any series, class or tranche of Notes, an amount equal to the product of (a) the aggregate amount allocated to the Investor Certificateholders (as defined in the Series 2001-D Supplement) pursuant to Section 4.05(a)(ii) or 4.05(b)(ii) of the Pooling and Servicing Agreement as supplemented by the Series 2001-D Supplement and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such series, class or tranche of Notes for such day and the denominator of which is the Principal Allocation Amount for all series of Notes for such day.
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Daily Principal Amount means, for any day during any Monthly Period on which Collections of Principal Receivables are processed pursuant to Section 4.7 of the Series 2004-MC Supplement for any series or class of Notes, an amount equal to the product of (a) the aggregate amount allocated to the Investor Certificateholders (as defined in the Series 2004-MC Supplement) pursuant to Section 4.7(a)(ii) of the Pooling and Servicing Agreement as supplemented by the Series 2004-MC Supplement and (b) the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Amount for such series or class of Notes for such day and the denominator of which is the Principal Allocation Amount for all series of Notes for such day.
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Daily Principal Amount means, with respect to any Trading Day, the lesser of (i) $50.00 and (ii) the Daily Conversion Value.
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Daily Principal Amount means, with respect to each Holder, the sum of: (i) the quotient of (x) the aggregate principal amount of Exchanged Notes of such Holder divided by (y) the number of VWAP Trading Days in the Exchange Period, rounded down to the nearest $1,000 in principal amount, plus (ii) on the last VWAP Trading Day of the Exchange Period, the excess (if any) of (x) the aggregate principal amount of Exchanged Notes of such Holder over (y) the sum of the Daily Principal Amounts calculated pursuant to clause (i) for all VWAP Trading Days in the Exchange Period; provided that, (A) any such Daily Principal Amount shall be in an Authorized Denomination (as defined in the Indenture) and (B) for the avoidance of doubt, the sum of the Daily Principal Amounts for any Holder shall not exceed the aggregate principal amount of Exchanged Notes of such Holder. “Daily Principal Shares” shall mean, with respect to a Daily Principal Amount, that number of shares of Common Stock equal to the sum of (i) the Daily Fixed Shares plus (ii) the Daily Variable Shares. “Daily Variable Shares” shall mean, with respect to any VWAP Trading Day, that number of shares of Common Stock equal to the product of (i) the applicable Daily Principal Amount for such VWAP Trading Day, divided by $1,000, and (ii) the quotient of $[fixed dollar amount] divided by the Collared VWAP for such VWAP Trading Day. “Daily VWAP” shall mean, for any VWAP Trading Day, the per share volume- weighted average price of the Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg page “LAZR US <EQUITY> AQR” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such VWAP Trading Day (or, if such volume-weighted average price is unavailable, the market value of one share of the Common Stock on such VWAP Trading Day, determined, using a volume-weighted average price method, by a nationally recognized independent investment banking firm
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Related to Daily Principal Amount

  • Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.