Aggregate Class B Note Principal Balance definition

Aggregate Class B Note Principal Balance means, as of any date of determination, an amount equal to the sum of the Class B Note Principal Balances of all Class B Notes then Outstanding.
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Examples of Aggregate Class B Note Principal Balance in a sentence

  • As of any Payment Date, the excess (if any) of (i) Aggregate Class B Note Principal Balance (calculated after giving effect to all Credit Loans and principal payments actually paid on such Payment Date), over (ii) the Class B Asset Base.

  • Except as expressly set forth herein, principal and interest payments and amounts received in payment of the Class B Notes for any reason and from any source shall be applied pro rata among the Class B Lenders in accordance with the proportion of then unpaid Credit Loans made by each Class B Lender to the Aggregate Class B Note Principal Balance.

  • The portion of the Aggregate Note Principal Balance which finances the Term Leases is determined by the product of (A) the sum of the Aggregate Net Book Value and (B) 75.00% (if the Aggregate Class B Note Principal Balance has been reduced to zero) or ninety percent (90%) (if the Aggregate Class B Note Principal Balance is greater than zero).

Related to Aggregate Class B Note Principal Balance

  • Class B Note Principal Balance means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.