Outstanding Class A Principal Amount definition
Examples of Outstanding Class A Principal Amount in a sentence
On each Payment Date, the Borrower shall be required to make the principal payments required under the Flow of Funds (including as a result of the allocation and application of Collections derived from the sale or other disposition, voluntary or involuntary, of an Aircraft or Aircraft Owning Entity) in reduction of the aggregate Outstanding Class A Principal Amount to the extent of funds available to make such payments pursuant to the Flow of Funds.
The Trustee shall then take such action as so directed by the holders of Notes evidencing 66-2/3% of the then Outstanding Class A Principal Amount (or if the Class A Notes are no longer outstanding, the holders of Notes evidencing 66-2/3% of the then Outstanding Class B Principal Amount or if the Class A Notes and Class B Notes are no longer outstanding, the holders of Notes evidencing 66-2/3% of the then Outstanding Class C Principal Amount).
The aggregate Outstanding Class A Principal Amount shall be due and payable in full on the Facility Termination Date.
If at any time such Funding Agent shall have repeatedly, and on a continuing basis, breached or failed to perform its obligations hereunder, then the Class A Lenders which have advanced more than 66 2⁄3% of the portion of the Outstanding Class A Principal Amount advanced by such Funding Group (calculated without reference to the Class A Advances, if any, of such Funding Agent and its Affiliates) shall have the right to remove such Funding Agent.