Class A Outstanding Principal Amount definition
Examples of Class A Outstanding Principal Amount in a sentence
On the Expected Principal Payment Date, amounts on deposit in the Series 2010-1 Principal Funding Account shall be distributed as principal first, to the Class A Noteholders (up to a maximum of the Class A Outstanding Principal Amount on such Payment Date), second, to the Class B Noteholders (up to a maximum of the Class B Outstanding Principal Amount on such Payment Date), and third, to the Class C Noteholders (up to a maximum of the Class C Outstanding Principal Amount on such Payment Date).
On each Payment Date during an Early Redemption Period, amounts on deposit in the Series 200_-_ Principal Funding Account shall be distributed as principal FIRST, to the Class A Noteholders (up to a maximum of the Class A Outstanding Principal Amount on such Payment Date), and SECOND, to the Class B Noteholders (up to a maximum of the Class B Outstanding Principal Amount on such Payment Date).
Such payments shall be ratably allocated among the Series 2016-1 Class A Noteholders, based on their respective portion of the Series 2016-1 Class A Outstanding Principal Amount.
The Series 2018-1 Class A Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.6.
Anything in this Series Supplement to the contrary notwithstanding, any payments of principal of or interest on the Class A Notes that is made with moneys received pursuant to the terms of the Insurance Policy shall not (except for the purpose of calculating the Class A Outstanding Principal Amount) be considered payment of the Class A Notes by HVF.