Class A-1 Note Principal Balance definition

Class A-1 Note Principal Balance. As of any date of determination, the Original Note Principal Balance of the Class A-1 Notes less any amounts actually paid with respect to principal thereon on all prior Payment Dates.
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Class A-1 Note Principal Balance means, at any time, the Initial Class A-1 Note Principal Balance minus all payments theretofore received by the Class A-1 Noteholders on account of principal.
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Class A-1 Note Principal Balance means, on any date, (a) the Class A-1 Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class A-1 Notes on or prior to such date.
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Examples of Class A-1 Note Principal Balance in a sentence

  • As provided in the Indenture, the Class A-1 Notes may be redeemed pursuant to Section 10.1 of the Indenture, in whole, but not in part, at the option of the Sponsor (with the consent of the Insurer under certain circumstances), on any Payment Date after the Payment Date on which the Class A-1 Note Principal Balance is less than or equal to 10% of the Original Class A-1 Note Principal Balance, after taking into account all distributions made on such Payment Date.

  • The aggregate notional amount under the Class A-1 Swap shall, at any time, be equal to the Class A-1 Note Principal Balance at such time.

  • The Offered Notes shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A-1 Note, Class A-2 Note, Class A-3 Note and Class A-4 Note, each with a denomination equal to the Initial Class A-1 Note Principal Balance, the Initial Class A-2 Note Principal Balance, the Initial Class A-3 Note Principal Balance and the Initial Class A-4 Note Principal Balance, respectively.

  • The Class A Notes shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A-1 Note, Class A-2 Note, Class A-3 Note and Class A-4 Note each with a denomination equal to the Initial Class A-1 Note Principal Balance, the Initial Class A-2 Note Principal Balance, the Initial Class A-3 Note Principal Balance and the Initial Class A-4 Note Principal Balance, respectively.

  • As provided in the Indenture, the Class A-1 Notes may be redeemed pursuant to Section 10.1 of the Indenture, in whole, but not in part, at the option of the Sponsor (with the consent of the Insurer under certain circumstances), on any Payment Date after the Payment Date on which the Class A-1 Note Principal Balance is less than or equal to ___% of the Original Class A-1 Note Principal Balance, after taking into account all distributions made on such Payment Date.

  • The ownership of each Loan and the related Promissory Note and the contents of the Loan file and servicing file is vested in the Department and the ownership of all records and documents with respect to the related Loan prepared by or which come into the possession of the Seller shall immediately vest in the Department and be delivered to the Department or its agent (except that copies thereof may be retained as provided in the Agreement).

  • Series 1999-1, Class A-1 Class A-1 Note Principal Balance as of the Issue Date: $18,418,000 Interest Rate: 6.87% Date of Sale and Servicing Agreement: Denomination: $18,418,000 May 1, 1999 First Payment Date: Servicer: June 15, 1999 HomeGold, Inc.

  • On each Distribution Date, the Allocation Amount shall be reduced by the amount of Reallocated Principal Collections used to fund the Class A-4 Required Amount for such Distribution Date, but in any event the Allocation Amount shall not be reduced by operation of this subsection 4.07(d) to an amount less than the sum of the Class A-1 Note Principal Balance, the Class A-2 Note Principal Balance, the Class A-3 Note Principal Balance and the Class A-4 Note Principal Balance.

  • The amount of interest (the “Class A-1 Daily Interest”) allocable to the Class A-1 Notes with respect to any day falling in any Interest Period shall be an amount equal to the product of (i) the Class A-1 Note Rate for that Interest Period, (ii) a fraction the numerator of which is 1 and the denominator of which is 360 and (iii) the Class A-1 Note Principal Balance as of the close of business on such day.

  • On each Distribution Date, the Allocation Amount shall be reduced by the amount of Reallocated Principal Collections used to fund the Class A-1 Required Amount for such Distribution Date, but in any event the Allocation Amount shall not be reduced by operation of this subsection 4.07(a) to an amount less than the Class A-1 Note Principal Balance.


More Definitions of Class A-1 Note Principal Balance

Class A-1 Note Principal Balance. The Class Note Balance for the Class A-1 Notes.
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Class A-1 Note Principal Balance. As of any date, the Class A[-1] Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A[-1] Noteholders on or prior to such date.
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Class A-1 Note Principal Balance means, on any date, (a) the Class A-1 Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class A-1 Notes on or prior to such date[, including, for the avoidance of doubt, principal payments consisting of Series Pre-Funding Proceeds].]
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Class A-1 Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A-1 Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to Class A-1 Noteholders on or prior to such date (excluding any payment counted in determining the Note Initial Principal Balance).
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Class A-1 Note Principal Balance. As of any time of determination, the Original Aggregate Principal Balance of the Class A-1 Notes less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates.
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Related to Class A-1 Note Principal Balance

  • 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.

  • 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-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • 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.