Initial Principal Balance definition

Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

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Initial Principal Balance means (a) USD 105,000,000; and (b) with respect to a Note, such Note's pro rata share of the Initial Principal Balance of the Notes (provided that, at any time, the Initial Principal Balance of all the Notes will equal the Initial Principal Balance).

Initial Principal Balance. With respect to any Certificate of a Class other than a Class CE, Class P or Residual Certificate, the amount designated "Initial Principal Balance" on the face thereof.

Examples of Initial Principal Balance in a sentence

The total amount of the distribution to Class B Noteholders per $1000 Note Initial Principal Balance.
The total amount of the distribution to Class A Noteholders per $1000 Note Initial Principal Balance.
The total amount of the distribution to Class C Noteholders per $1000 Note Initial Principal Balance.
Concurrently with the acquisition of the Mortgage Collateral by the Trust, the Owner Trustee shall cause the Certificates in an aggregate principal amount equal to the Initial Principal Balance of the Certificates to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor, in authorized denominations.
The information with respect to each Receivable set forth in the Schedule of Receivables, including (without limitation) the identity and address of the Obligor, account number, the Initial Principal Balance, the maturity date and the Contract Rate, was true and correct in all material respects as of the close of business on the Cutoff Date.

More Definitions of Initial Principal Balance

Initial Principal Balance. With respect to any Class of any Series of Notes, as defined in the applicable Series Supplement.

Initial Principal Balance means, with respect to any Component, any Note or the Mortgage Loan, the principal balance for such Component, Note or Mortgage Loan as set forth on the Mortgage Loan Schedule.

Initial Principal Balance. With respect to the Certificates, $______________; and the Notes, $___________.

Initial Principal Balance. For any Class or Subclass of Certificates, the amount specified in Article XII, and for any Certificate, the amount specified thereon as the Initial Principal Balance.

Initial Principal Balance means $200,000,000.

Initial Principal Balance means $735,000,000.

Initial Principal Balance means $100,000,000.

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