Unapplied Master Trust Level Principal Collections definition

Unapplied Master Trust Level Principal Collections has, with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate, the meaning specified in the related Series Supplement.
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Unapplied Master Trust Level Principal Collections shall have the meaning specified in Section 4.11.
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Examples of Unapplied Master Trust Level Principal Collections in a sentence

  • As a member, you herein consent to the collection and use of the information provided, including the transfer of information within the United States and/or other countries for storage, processing or use by Waylight LLC and/or our subsidiaries and affiliates.

  • With respect to each Transfer Date, the Servicer shall determine the amount of the excess of the Excess Principal Collections for all Outstanding Series over the aggregate amount of Principal Shortfalls for all Series other than Series 2002- CC (such excess amount, the "Unapplied Master Trust Level Principal Collections").

Related to Unapplied Master Trust Level Principal Collections

  • Principal Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-202, which is created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).

  • Principal Collections means Collections of Principal Receivables.

  • Reallocated Class B Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsection 4.12(a) in an amount not to exceed the product of (a) the Class B Investor Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).