Scheduled Principal Payment Amount

Scheduled Principal Payment Amount. For the Series 2002-1 Notes for any Payment Date, one of the following: (i) prior to the Commitment Termination Date, the amount by which (x) the Series 2002-1 Note Principal Balance on such Payment Date exceeds (y) 99.5% of the Asset Base on such Payment Date; (ii) on any Payment Date after the Commitment Termination Date prior to the Termination Date (regardless of whether a Trigger Event is then continuing), the sum of (x) 99.5% of the Scheduled Deposit Amount paid... to the Trust Account on the previous Rent Payment Date and (y) amounts paid to the Trust Account from the Collateral Account; and (iii) on the Termination Date and any Payment Date thereafter, the then unpaid Series 2002-1 Note Principal Balance. View More

Scheduled Principal Payment Amount. Scheduled Principal Payment Amount: On any Payment Date, one of the following: (1) for any Payment Date prior to the Conversion Date, zero; (2) for any Payment Date following the Conversion Date, the excess, if any, of (x) the aggregate Principal Balance, over (y) the Scheduled Targeted Principal Balance for the Notes for such Payment Date.