Aggregate Class A Note Principal Balance definition
Examples of Aggregate Class A Note Principal Balance in a sentence
As of any date of determination the excess (if any) of (i) the Aggregate Class A Note Principal Balance, over (ii) an amount equal to the sum of (1) the product of (i) Class A Default Level Advance Rate and (ii) the sum of (A) the then Aggregate Net Book Value and (B) the then Aggregate Finance Lease Value, plus (2) 100% of all cash and Eligible Investments then on deposit in the Restricted Cash Account.
So long as an Event of Default shall have occurred and then be continuing, Class A Lenders representing more than fifty percent (50%) of the then Aggregate Class A Note Principal Balance may appoint an existing Class A Lender (that is not then fulfilling the role of the Agent) to act as the representative solely of the Class A Lenders.
As of any Payment Date, the excess (if any) of (i) Aggregate Class A Note Principal Balance (calculated after giving effect to all Credit Loans and principal payments actually paid on such Payment Date), over (ii) the Class A Asset Base.
For any Payment Date occurring on or after the Conversion Date, an amount equal to the product of (i) the Aggregate Class A Note Principal Balance on the Conversion Date and (ii) .0151515, as such product shall be adjusted pursuant to the provisions of Section 2.7(a) hereof.