Class B Note Balance definition

Class B Note Balance means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes.

Class B Note Balance as of any date of determination, means the outstanding principal balance of the Class B Notes.

Class B Note Balance means, as of any date, the Initial Class B Note Balance reduced by all payments of principal made on or prior to such date on the Class B Notes.

Examples of Class B Note Balance in a sentence

• Thereafter, payments of principal on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount after the payment of principal on each Series of Class A Notes until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Targeted Remaining Class B Note Balance.

• The Class B Principal Payment Amount for any Pay- ment Date is equal to the amount necessary to reduce the outstanding principal amount of the Class B Notes to the Targeted Class B Note Balance.

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• On each Payment Date, Class B Noteholders are paid an amount necessary to reduce, on such Payment Date, the outstanding principal amount of the Class B Notes to the Targeted Class B Note Balance.

• Payments of principal on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount only after the payment of principal on each Series of Class A Notes and until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Targeted Remaining Class B Note Balance.

More Definitions of Class B Note Balance

Class B Note Balance shall initially mean $102,500,000, and thereafter, shall equal the initial Class B Note Balance reduced by all previous payments to the Class B Noteholders in respect of the principal of the Class B Notes that have not been rescinded.

Class B Note Balance on the Closing Date will equal the Original Class B Note Balance and on any date thereafter will equal the Original Class B Note Balance reduced by all distributions of principal previously made in respect of the Class B Notes.

Class B Note Balance means, with respect to any Distribution Date, the Outstanding Amount of the Class B Notes.

Class B Note Balance means, as of the Closing Date, $34,180,583.90, -------------------- and thereafter shall equal the Class B Note Balance as of the Closing Date reduced by all subsequent and unrevoked principal payments on the Class B Notes.

Class B Note Balance equals, initially, $64,412,000, and thereafter equals the initial Class B Note Balance reduced by all amounts allocable to principal and previously distributed to the Class B Noteholders.

Class B Note Balance. At any time, as the context may require, (i) with respect to all of the Class B Notes, an amount equal to, initially, the Initial Class B Note Balance and, thereafter, an amount equal to the Initial Class B Note Balance as reduced from time to time by all amounts allocable to principal previously distributed to the Class B Noteholders or (ii) with respect to any Class B Note, an amount equal to, initially, the initial denomination of such Class B Note and, thereafter, an amount equal to such initial denomination as reduced from time to time by all amounts allocable to principal previously distributed in respect of such Class B Note.

Class B Note Balance means, at any time, $189,330,000, reduced by all payments of principal made prior to such time on the Class B notes.