Minimum Aggregate Principal Balance definition

Minimum Aggregate Principal Balance means, on any date of ----------------------------------- determination, the greater of (a) the sum of the Aggregate Investor Amount, plus the Minimum Seller Amount, in each case as of such date and (b) the sum of the Initial Investor Amounts of all Series outstanding on such date.
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Minimum Aggregate Principal Balance means, on any Determination Date, the ----------------------------------- greater of (a) the sum of the collateral amounts of all series outstanding on the Determination Date plus the Minimum Seller Amount and (b) the sum of the numerators used to determine the Allocation Percentages for Principal Collections of all series outstanding on that Determination Date.
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Examples of Minimum Aggregate Principal Balance in a sentence

  • Thereafter, amounts in the Excess Funding Account shall be treated as Shared Principal Collections to the extent that, after giving effect to the application and distribution of such amount as Shared Principal Collections, the Aggregate Principal Balance would equal or exceed the Minimum Aggregate Principal Balance.

Related to Minimum Aggregate Principal Balance

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Maximum VFN Principal Balance For any VFN Class, the amount specified in the related Indenture Supplement.