Aggregate Current Principal Amount definition

Aggregate Current Principal Amount. (a) The aggregate of the Current Principal Amounts of all Regular Certificates Outstanding at the time of determination or (b) the aggregate of the Current Principal Amounts of all Certificates of a particular Class Outstanding as of the time of determination.
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Aggregate Current Principal Amount. The aggregate of the Current Principal Amounts of all Bonds Outstanding at the time of determination.
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Aggregate Current Principal Amount. With respect to the Notes, the aggregate of the Current Principal Amounts of all Notes Outstanding at the time of determination.
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Examples of Aggregate Current Principal Amount in a sentence

  • For purposes of the information required to be included in any such reports pursuant to TIA ss.313(a)(2) or ss.313(b), the principal amount of indenture securities outstanding on the date as of which such information is provided shall be the Aggregate Current Principal Amount of the then Outstanding Bonds.

  • If within one year after such vacancy a successor Trustee shall be appointed by Act of the Holders of Certificates representing more than 50% of the Aggregate Current Principal Amount of the Outstanding Regular Certificates delivered to the Depositor and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee appointed by the Depositor.

  • The Trustee shall also mail to all Holders a brief report that complies with TIA ss.313(b)(1), together with an Opinion of Counsel that complies with TIA ss.314(d)(1), if required, as to any release, or any release and substitution, of any portion of the Trust Estate, unless the fair value of the property then released is less than 10% of the Aggregate Current Principal Amount of the then Outstanding Bonds, within 90 days after such release.

  • If within one year after such resignation, removal or incapability or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of Bonds representing not less than 66 2/3% of the Aggregate Current Principal Amount of the Outstanding Bonds delivered to the Issuer and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee appointed by the Issuer.

  • The Trustee shall consent to any amendment of the Governing Documents of the Issuer which does not conflict with the provisions of this Article III and, with the consent of the Holders of 66-2/3% of the then Aggregate Current Principal Amount of the Bonds, to any amendment thereof which does so conflict.

  • The Indenture also contains provisions permitting the Holders of Bonds representing specified percentages of the then Aggregate Current Principal Amount of the Series ___ Bonds to waive compliance by the Issuer with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.

  • If after giving effect to all payments of interest of and principal on the Bonds on a Payment Date, the Interest Reserve Amount equals or exceeds the Aggregate Current Principal Amount of Outstanding Bonds, then all the Bonds shall be immediately due and payable as set forth in the notice given by the Trustee in writing to the Issuer and to all Bondholders pursuant to Section 3.02(b).

  • If, with respect to a Series of Bonds, the fair value of such Released Property and all other Released Property released since the commencement of the calendar year in which such certificate or opinion is given, as set forth in such certificate or opinion, is 10 percent or more of the Aggregate Current Principal Amount of the Bonds of such Series, then such certificate or opinion shall be made by an Independent 153 Accountant, appraiser, or other expert.

  • If within one year after such vacancy a successor Trustee shall be appointed by Act of the Holders of Certificates representing more than 50% [66%] of the Aggregate Current Principal Amount of the Outstanding Regular Certificates delivered to the Depositor and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee appointed by the Depositor.

  • However, such a certificate or opinion of an Independent Accountant, appraiser, or other expert shall not be required in the case of any Released Property, if the fair value thereof as set forth in the certificate or opinion required by this Subsection is less than $25,000 or less than 1 percent of the Aggregate Current Principal Amount of the Bonds of such Series.


More Definitions of Aggregate Current Principal Amount

Aggregate Current Principal Amount. With respect to any Series, the sum of the Class Current Principal Amounts of all Classes of Bonds of such Series Outstanding at the time of determination.
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Aggregate Current Principal Amount. The aggregate of the Current Principal Amounts of all Class A Bonds Outstanding at the time of determination.
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Related to Aggregate Current Principal Amount

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.