Deferred Principal Amount definition

Deferred Principal Amount. For the Class A-P Certificates, the cumulative amount of current Realized Losses allocated to such Class on prior Distribution Dates, minus all amounts reimbursed from amounts otherwise payable on the Subordinate Certificates.
View Source
Deferred Principal Amount. With respect to any Distribution Date and to any Class of Subordinate Certificates, the amount, if any, by which (i) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Balance thereof, together with interest thereon at the applicable Interest Rate, exceeds (ii) the sum of (a) the aggregate of amounts previously distributed on such Class in reimbursement of such amounts and (b) the amount by which the Class Principal Balance of such Class has been increased due to any Subsequent Recovery.
View Source
Deferred Principal Amount means, as at any date, the lesser of:
View Source

Examples of Deferred Principal Amount in a sentence

  • The principal amount of the Tranche B Term Loans resulting from such calculation is the “Tranche B Deferred Principal Amount” and, together with the Tranche A Deferred Principal Amount, the “Deferred Principal Amount”.

  • The Company agrees that in connection with any payment of fees payable to the Specified Holders similar to the Deferred Principal Amount Fees, the Company shall pay to the Noteholders a pro rata amount of such payment.

  • The January Deferred Principal Amount shall continue to accrue interest from the date of the Tenth Amendment until paid in full at the rate of 11.78% per annum, with such interest to be due and payable on the January Deferred Payment Due Date.

  • To the extent that any payment constitutes a payment of a Deferred Principal Amount being paid after the date such payment would otherwise have been due in the absence of the deferral of payments provided by paragraph 4A, then to such extent the Yield-Maintenance Amount shall be deemed to be zero.

  • Each such voluntary prepayment shall be applied to the earliest occurring Series I Deferred Principal Amount and, after the same has been paid in full, thereafter to each immediately succeeding Series I Deferred Principal Amount until all Series I Deferred Principal Amounts have been paid in full.


More Definitions of Deferred Principal Amount

Deferred Principal Amount has the meaning set forth in Section 3.15(c).
View Source
Deferred Principal Amount. As of each Distribution Date for the Class IA-8 and Class IIA-1 Certificates, the sum of (x) the principal portion of the Realized Losses (other than Excess Losses) allocated to such Class on such Distribution Date and prior Distribution Dates, as reduced by all amounts paid to such class in respect of a Deferred Principal Amount plus (y) accrued interest on all such outstanding amounts at the applicable Remittance Rate; PROVIDED, HOWEVER,(1) the aggregate of Deferred Principal Amounts and related Discount Fractional Principal Shortfalls for any Distribution Date may not exceed the Subordinate Principal Amount attributable to such Loan Group for such Distribution Date, (2) any shortfall in amounts available to pay Deferred Principal Amounts on any Distribution Date will be allocated PRO RATA among such Classes on the basis of their Deferred Principal Amounts, (3) any amounts distributed to a Class of Certificates in respect of a Deferred Principal Amount will not cause a reduction in the Class Principal Balance thereof, and (4) following the related Credit Support Depletion Date, no Deferred Principal Amounts will be calculated or distributable.
View Source
Deferred Principal Amount means, with respect to each monthly repayment of the Amortization Debt occurring on or after the Second Amendment Effective Date but prior to January 1, 2004, the excess, if any, of (x) $4,958,333 minus (y) the actual amount of such repayment; it being understood and agreed that each occurrence of such an excess will create a new and independent Deferred Principal Amount. As used in this paragraph 4G(i), "Series I Deferred Principal Amount" means the Series I Note Principal Allocation times each Deferred Principal Amount. The Company agrees that in connection with any payment of fees payable to the Specified Holders similar to the Deferred Principal Amount Fees, the Company shall pay to the Noteholders a pro rata amount of such payment.
View Source
Deferred Principal Amount due under the Note, which shall equal the principal amount due and outstanding under the Note after the partial principal repayment by the Borrower to the Holder on or about the Payment Date.”
View Source
Deferred Principal Amount means the principal amount deferred from time to time, during the relevant Inclusion Period under a FRT. For the avoidance of doubt, capitalised interest, fees and any other similar costs are not included in the principal amount deferred under an FRT.
View Source
Deferred Principal Amount means, for each of the Class [ ] and Class [ ] Certificates, the amount of cumulative Current Realized Losses allocated or allocable to such Class on prior Distribution Dates, minus all amounts reimbursed from amounts otherwise payable on the related Subordinate Certificates.]
View Source
Deferred Principal Amount. As of each Distribution Date for the Class A-1 and Class A-3 Certificates, the sum of (x) the principal portion of the Realized Losses (other than Excess Losses) allocated to such Class on such Distribution Date and prior Distribution Dates, as reduced by all amounts paid to such class in respect of a Deferred Principal Amount plus (y) accrued interest on all such outstanding amounts at the applicable Remittance Rate; provided, however, (1) the aggregate of Deferred Principal Amounts and Discount Fractional Principal Shortfalls for any Distribution Date may not exceed the Subordinate Principal Amount for such Distribution Date, (2) any shortfall in amounts available to pay Deferred Principal Amounts on any Distribution Date will be allocated pro rata among such Classes on the basis of their Deferred Principal Amounts, (3) any amounts distributed to a Class of Certificates in respect of a Deferred Principal Amount will not cause a reduction in the Class Principal Balance thereof, and (4) following the Credit Support Depletion Date, no Deferred Principal Amounts will be calculated or distributable.
View Source