Scheduled Payment Amount definition
Scheduled Payment Amount means the annual blended payments of principal and interest as set out in Schedule A attached hereto for each respective Payment Date.
Scheduled Payment Amount as of any Payment Date, the amount due on the Notes pursuant to Section 2.6, as adjusted pursuant to Section 2.7. As of the Effective Date, each Scheduled Payment Amount is $1,384,000,000.
Scheduled Payment Amount means (a) as of any Distribution Date, the sum of (i) the Servicing Fee for such Distribution Date (including any accrued and unpaid Servicing Fees with respect to one or more prior Collection Periods), (ii) any accrued and unpaid fees of the Indenture Trustee, the Owner Trustee and the Trust Agent for such Distribution Date, in each case to the extent such fees have not been previously paid by the Servicer or the Administrator, (iii) the Note Interest Distributable Amount for each Class of Notes for such Distribution Date, and (iv) if such Distribution Date is the Note Final Scheduled Distribution Date for a Class of Notes, the Note Principal Distributable Amount for such Class of Notes, to the extent of the outstanding principal amount of such Class of Notes immediately prior to such Distribution Date; provided, however, that, in each case, the Scheduled Payment Amount shall be determined in accordance with the original terms of the Notes when issued and without regard to any subsequent amendment or modification of the Notes that has not been consented to in writing by the Insurer.
Examples of Scheduled Payment Amount in a sentence
For example, in the event of a $1,000,000,000 prepayment occurring on January 1, 2012, each remaining Scheduled Payment Amount would be adjusted to $ 935,987,673.
If an Event of Default occurs on January 1, 2013 and then ceases to exist on August 1, 2013, the Scheduled Payment Amount on July 15, 2013 would be $1,397,542,949 and each other remaining Scheduled Payment Amount would be adjusted to $1,398,602,124.
The Promisor shall pay to the Holder the applicable Scheduled Payment Amount on each Payment Date.
Interest shall accrue on the Principal Sum at the Interest Rate and shall be due and payable as part of each Scheduled Payment Amount on each Payment Date as set out in Schedule A.
The Promisor shall make payment of any Scheduled Payment Amount in cash or immediately available funds.
More Definitions of Scheduled Payment Amount
Scheduled Payment Amount means (a) as of any Distribution Date, the sum of (i) the Servicing Fee for such Distribution Date (including any accrued and unpaid Servicing Fees with respect to one or more prior Collection Periods), (ii) any accrued and unpaid fees of the Indenture Trustee, the Owner Trustee and the Trust Agent for such Distribution Date, in each case to the extent such fees have not been previously paid by the Servicer or the Administrator, (iii) the Note Interest Distributable Amount for each Class of Notes for such Distribution Date, (iv) the Note Parity Deficit Amount, if any, for such Distribution Date and (v) if such Distribution Date is the Note Final Scheduled Distribution Date for a Class of Notes, the Note Principal Distributable Amount for such Class of Notes, to the extent of the outstanding principal amount of such Class of Notes immediately prior to such Distribution Date; provided, however, that, in each case, the Scheduled Payment Amount shall be determined in accordance with the original terms of the Notes when issued and without regard to any subsequent amendment or modification of the Notes that has not been consented to in writing by the Insurer.
Scheduled Payment Amount as defined in Schedule 2.2.
Scheduled Payment Amount has the meaning specified in Section 8.1 of the Note Purchase and Participation Agreement.
Scheduled Payment Amount means the annual payments of principal as set out in Schedule A attached hereto for each respective Payment Date.
Scheduled Payment Amount means the aggregate of the following in respect of:
Scheduled Payment Amount means, for the first sixteen Payment Dates after the issuance of the Debt Securities, the aggregate interest due under the Debt Securities on such Payment Dates, and at all times thereafter shall mean the sum of the aggregate interest due under the Debt Securities on the applicable Payment Date plus the next succeeding Amortization Amount due on such date.
Scheduled Payment Amount means an amount equal to (x) the "Scheduled Payment Amount" corresponding to the time period specified in the table below multiplied by (y) the Applicable Swap Notional Amount divided by (z) USD 58,075,000. Redemption On or After: Scheduled Payment Amount ------------ ------------------------ 12/31/2006 2,951,674 12/31/2007 3,186,006 12/31/2008 3,420,339 12/31/2009 3,654,672 12/31/2010 3,889,004 12/31/2011 4,123,337 12/31/2012 4,357,670 12/31/2013 4,592,002 12/31/2014 4,826,335 12/31/2015 5,060,667 12/31/2016 5,295,000