Initial Contract Pool Principal Balance definition

Initial Contract Pool Principal Balance is $871,593,323.
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Initial Contract Pool Principal Balance means $1,008,422,983.
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Initial Contract Pool Principal Balance is $[__________].
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Examples of Initial Contract Pool Principal Balance in a sentence

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Servicer, on the Payment Date on or after the date on which the Aggregate Principal Amount of the Notes outstanding is less than 10% of the Initial Contract Pool Principal Balance.

  • As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Servicer, on any Payment Date on or after the date on which the Aggregate Principal Amount of the Notes outstanding is less than 10% of the Initial Contract Pool Principal Balance.

  • Not more than 1.5% of the Initial Contract Pool Principal Balance is attributable to Contracts originated by any one single Vendor.

  • Not more than 0.75% of the Initial Contract Pool Principal Balance are “Instruments” (within the meaning of Article 9 of the UCC), which evidence or relate to any Contract conveyed to the Trust on the Closing Date.

  • Not more than 0.75% of the Initial Contract Pool Principal Balance are "Instruments" (within the meaning of Article 9 of the UCC), which evidence or relate to any Contract conveyed to the Trust on the Closing Date.

  • Not more than [__]% of the Initial Contract Pool Principal Balance is attributable to Contracts originated by any one single Vendor.

  • Not more than [ ]% of the Initial Contract Pool Principal Balance is attributable to Contracts originated by any one single Vendor.

  • The Contracts constitute chattel paper within the meaning of the UCC as in effect in the States of New Jersey, Massachusetts and Oregon (other than those Contracts in which the lessor is financing exclusively the Obligor's software license or maintenance contract for leased Equipment, which constitute either "accounts" or "general intangibles" under the UCC, and which Contracts, in proportion to the Initial Contract Pool Principal Balance, are not material).

  • The Servicer may, but shall have no obligation to, repurchase a Defaulted Contract, at any time, at a price equal to the Contract Principal Balance for such Defaulted Contract; provided that the aggregate amount of repurchases made under this section shall not exceed an amount equal to [__]% of the Initial Contract Pool Principal Balance.

  • Not more than [ ]% of the Initial Contract Pool Principal Balance are “Instruments” (within the meaning of Article 9 of the UCC), which evidence or relate to any Contract conveyed to the Trust on the Closing Date.


More Definitions of Initial Contract Pool Principal Balance

Initial Contract Pool Principal Balance. $1,342,869,226. Insurance, Maintenance and Tax Accounts: The accounts which are established and maintained pursuant to Section 3.4(a).
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Related to Initial Contract Pool Principal Balance

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.