Principal Amount Notes definition

Principal Amount Notes has the meaning given to it in the Adoption Annex.
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Principal Amount Notes are the Class A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in April 2017. The percentage of the aggregate Original Note Principal Balance of the Insured Notes that the aggregate of all draws under the Policy would exceed to result in a "Rapid Amortization Event" under Section 5.16(g) is 1.00%.
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Principal Amount Notes are the Class 1-A Notes and Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in April 2011. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date.
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Examples of Principal Amount Notes in a sentence

  • Thus, the Principal Amount Notes and the Class C Certificates shall be treated as representing ownership of not only Master REMIC regular interests, but also ownership of an interest in an interest rate cap contract.

  • Notwithstanding any other provisions in this Indenture, every Noteholder has an absolute and unconditional right to receive payment of the principal of the Principal Amount Notes and interest on the Interest Bearing Notes and other amounts payable on its Note after their due dates (or, in the case of redemption, after the redemption date) and to institute suit for the enforcement of any payment, and this right shall not be impaired without the consent of the Holder.

  • The Indenture Trustee may also adopt and employ, at the expense and direction of the Issuer, any other reasonable means of notification of the repayment (including mailing notice of the repayment to their last address of record to Holders whose Principal Amount Notes have been called but have not been surrendered for redemption or whose right to or interest in moneys payable but not claimed is determinable from the records of the Indenture Trustee or of any Paying Agent).

  • The Issuer will duly and punctually pay the principal of the Principal Amount Notes and interest on the Interest Bearing Notes and other amounts payable on the Notes in accordance with the terms of the Notes and this Indenture.

  • Following notice of redemption as required by Section 10.02, on the redemption date the Principal Amount Notes shall become payable at the redemption price and (unless the Issuer defaults in the payment of the redemption price) no interest shall accrue on the redemption price for any period after the date to which accrued interest is calculated for purposes of calculating the redemption price.

  • Payment on the Principal Amount Notes will only be made on presentation and surrender of the Notes at the office or agency of the Indenture Trustee specified in the redemption notice.

  • If all of the Noteholders do not surrender their Principal Amount Notes for final payment and cancellation by the redemption date, the Indenture Trustee shall hold in the Payment Account, for the benefit of the Noteholders and the Issuer, the remaining amounts representing the redemption price not distributed in redemption to Noteholders.

  • Notice of redemption of the Principal Amount Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer.

  • The Indenture Trustee shall make withdrawals from the Basis Risk Carryforward Reserve Fund for distribution to the Principal Amount Notes in the manner specified in Section 8.03(f).

  • Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register.


More Definitions of Principal Amount Notes

Principal Amount Notes are the Class 1-A Notes and the Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in January 2011. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee. The "Scheduled Maturity Date" is the Payment Date in February 2036. The "Servicing Fee Rate" is 0.50% per annum.
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Principal Amount Notes means the Note Interest for that Class of Principal Amount Notes for the Payment Date and the related Unpaid Investor Interest Shortfall (other than any Basis Risk Carryforward) for the Payment Date.
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Principal Amount Notes means the amount of Available Interest Collections for the related Loan Group applied on that Payment Date as a payment of principal to decrease the Note Principal Balance of that Class of Principal Amount Notes until the difference between the Loan Group Balance of the related Loan Group and the Note Principal Balance of that Class of Principal Amount Notes is an amount equal to the related Required Transferor Subordinated Amount for the Payment Date.
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Principal Amount Notes are the Class 1-A Notes and the Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in January 2011. The percentage of the aggregate of the Original Note Principal Balance that the aggregate of all draws under both Policies would exceed to result in a "Rapid Amortization Event" under Section 5.16(g) is 1.85%. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee. The "Scheduled Maturity Date" is the Payment Date in February 2036. The "Servicing Fee Rate" is 0.50% per annum.
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Principal Amount Notes are the Class A ▇▇▇es and the Subordinate Notes.
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Related to Principal Amount Notes

  • Principal Amount Outstanding means in respect of a Covered Bond the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant holder of the Covered Bond in respect thereof.

  • Principal Amount at Maturity of a Security means the principal amount at maturity as set forth on the face of the Security.

  • Principal Amount means $100 per Note.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Accreted Principal Amount for the Class A-2 Certificates means for each six-month period from and including each date specified in Schedule II hereof to but excluding the next such date, the amount specified in Schedule II as the "Ending Balance" for such beginning date.