Principal Amount Available definition

Principal Amount Available means, with respect to any Distribution Date, the amount remaining in the Series 2000-1 Collection Account on such Distribution Date after the payment of the amounts required to be paid pursuant to clause (i) through (iii) of Section 3.03(a) on such Distribution Date minus the Reserve Account Deposit Amount for such Distribution Date.
View Source
Principal Amount Available means, with respect to any Distribution Date, the amount remaining in the Note Account on such Distribution Date after the payment of the amounts required to be paid pursuant to clause (i) through (vi) of Section 3.03(a) on such Distribution Date minus the Reserve Account Deposit Amount for such Distribution Date.
View Source
Principal Amount Available. The aggregate amount on deposit in the Collection Account as of the close of business on a Determination Date that has been designated by the Servicer as "principal collections" with respect to the prior Due Period as of the related Determination Date, or that constitute the principal portion of Disposition Proceeds. The Principal Amount Available with respect to an individual Secured Note is the portion of the amount described above which relates to the Related Mortgage Loans.
View Source

Examples of Principal Amount Available in a sentence

  • The Amount Available, the Principal Amount Available and the Interest Amount Available shall be increased only in compliances with the provisions of this paragraph.

  • BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By: Name: Title: ACKNOWLEDGMENT The Bank hereby confirms to the Credit Facility or the Trustee that the Principal Amount Available under the Letter of Credit has been reinstated by the amount $______________ and the Interest Amount Available under the Letter of Credit has been reinstated by the amount of $_________________.

  • BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By:___________________________ Name:______________________ Title:_____________________ [attached to Annex F] ACKNOWLEDGMENT -------------- The Bank hereby confirms to the Credit Facility Trustee that the Principal Amount Available under the Letter of Credit has been reinstated by the amount of $______________ and the Interest Amount Available under the Letter of Credit has been reinstated by the amount of $_____________.

  • The Amount Available, the Principal Amount Available and the Interest Amount Available shall be reinstated only in compliance with the provisions of this paragraph.

Related to Principal Amount Available

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Principal Amount Outstanding means in respect of a Covered Bond the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant holder of the Covered Bond in respect thereof.

  • 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.

  • 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.

  • PO Formula Principal Amount As to any Distribution Date, the sum of the applicable PO Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each Mortgage Loan on the related Due Date, (b) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Seller or the Master Servicer pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans 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 that became a Liquidated Mortgage Loan during the month preceding the calendar month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received during the month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received during the related Prepayment Period.