Class A Note Maximum Principal Balance definition

Class A Note Maximum Principal Balance means $300,000,000 as such amount may be increased or decreased from time to time in accordance with Section 2.05.
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Class A Note Maximum Principal Balance has the meaning set forth in the Note Purchase Agreement.
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Examples of Class A Note Maximum Principal Balance in a sentence

  • Any such reduction in the Class A Note Maximum Principal Balance shall be permanent; provided, however, that if the Class A Note Maximum Principal Balance has not been reduced to zero, the Class A Note Maximum Principal Balance may be subsequently increased in accordance with Section 2.05(b).

  • The Purchase Expiration Date shall be deemed to have occurred on the reduction date on which the Class A Note Maximum Principal Balance is reduced to zero.

  • Any such reduction in the Class A Note Maximum Principal Balance shall be permanent unless a subsequent increase in the Class A Note Maximum Principal Balance is made in accordance with Section 2.05(b).

  • To the extent a payment of principal of the Class A Notes is made in connection with any reduction of the Class A Note Maximum Principal Balance, each Agent, on behalf of its Purchasers, will receive in an amount equal to the Purchaser Percentage for such Agent’s Purchaser Group of such principal payment.

  • Upon receipt by the Transferor and the Administrative Agent of the written consent of each Agent and its related Purchasers to the applicable increase request, the Class A Note Maximum Principal Balance shall be increased to the amount mutually agreed to by the parties hereto.

  • The failure of any Agent or its related Purchasers to respond or to agree to an increase of the Class A Note Maximum Principal Balance in writing within the applicable time shall be deemed to be a decision by such Agent and its related Purchasers not to increase the Class A Note Maximum Principal Balance.

  • Notwithstanding the foregoing, nothing contained herein shall obligate any Agent or any of its related Purchasers to agree to an increase in the Class A Note Maximum Principal Balance unless it shall desire to do so in its sole discretion.

Related to Class A Note Maximum 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 A Note Initial Principal Balance means $750,000,000.

  • 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 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 B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.