Noteholders' Monthly Principal Distributable Amount definition
Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders’ Percentage of the Principal Distributable Amount.
Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.
Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the sum of (i) the Regular Principal Distribution Amount plus (ii) the Accelerated Principal Amount plus (iii) any accelerated payments of principal required to be made from amounts on deposit in the Reserve Account pursuant to Section 5.07(b)(ii).
More Definitions of Noteholders' Monthly Principal Distributable Amount
Noteholders' Monthly Principal Distributable Amount means, for any Distribution Date prior to the Distribution Date on which the Notes have been paid in full, 100% of the Principal Distribution Amount; and for the Distribution Date on which the Notes are paid in full, the portion of the Principal Distribution Amount required to pay the Notes in full.
Noteholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, 100% of the Principal Distribution Amount. With respect to the Distribution Date on which the outstanding principal balance of the Class A-1 Notes is reduced to zero, the "Noteholders' Monthly Principal Distributable Amount" shall equal the sum of (i) the outstanding principal balance of the Class A-1 Notes plus (ii) 100% (after giving effect to the retirement of the Class A-1 Notes) of the Principal Distribution Amount less the outstanding principal balance of the Class A-1 Notes immediately prior to such Distribution Date.
Noteholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, 100% of the Principal Distribution Amount.
Noteholders' Monthly Principal Distributable Amount shall equal the sum of (i) the outstanding principal balance of the Class A-1 Notes plus (ii) 100% (after giving effect to the retirement of the Class A-1 Notes) of the Principal Distribution Amount less the outstanding principal balance of the Class A-1 Notes immediately prior to such Distribution Date.
Noteholders' Monthly Principal Distributable Amount means, with respect to any Monthly Payment Date, the lesser of (i) the sum of the Regular Principal Distribution Amount plus the Accelerated Principal Distribution Amount for such Monthly Payment Date and (ii) the amount, if any, necessary to reduce the aggregate principal amount of the Notes so that the Overcollateralization Amount shall equal the Targeted Overcollateralization Amount after application of payments for such Monthly Payment Date in reduction of the aggregate principal amount of the Notes; provided that on and after the Stated Maturity Date for any Class or Classes of Notes, the Noteholders' Monthly Principal Distributable Amount shall be calculated as an amount which is not less than the amount required to reduce the aggregate principal amount of the Notes of such Class or Classes to zero.
Noteholders' Monthly Principal Distributable Amount. With respect to each Distribution Date, the sum of (i) the Regular Principal Distribution Amount, plus (ii) for each Distribution Date for which the related Due Period occurred during the Funding Period and for each Distribution Date thereafter if the Overcollateralization Amount is less than the Required Overcollateralization Amount, the Excess Spread, if any, plus (iii) if the remaining amount in the Pre-Funding Account at the end of the Funding Period is less than or equal to $50,000, then such remaining amount.
Noteholders' Monthly Principal Distributable Amount means, with respect --------------------------------------------------- to any Payment Date, the Noteholders' Percentage of the Principal Distributable Amount.