Examples of Targeted Principal Balance in a sentence
In connection with any Optional Redemption in part, the Scheduled Targeted Principal Balance for the remaining Equipment Notes of such Series or Class shall be reduced on the Redemption Date and each subsequent Payment Date by the product of (i) the Redemption Fraction and (ii) the Scheduled Targeted Principal Balance that existed for the Redemption Date or such subsequent Payment Date, as the case may be, immediately prior to such Optional Redemption.
In addition, the Scheduled Targeted Principal Balance on the Redemption Date will be reduced by the Allocable Scheduled Principal Amount for each Series on such Payment Date, and the Scheduled Targeted Principal Balances on all succeeding Payment Dates shall be reduced by the amount of such Optional Redemption or Acquisition Balance Redemption minus the Allocable Scheduled Principal Payment Amount, allocated pro rata among such Payment Dates.
For each Payment Date occurring after the latest Payment Date on Schedule 1, the Class A Scheduled Targeted Principal Balance shall be zero.
The Class A Scheduled Targeted Principal Balance is the “Scheduled Targeted Principal Balance” (as defined in the Indenture) with respect to the Class A Notes.
In connection with any Optional Redemption in part, the Scheduled Targeted Principal Balance for the Equipment Notes being redeemed on the applicable Redemption Date shall be reduced on the Redemption Date and each subsequent Payment Date by the product of (i) the Redemption Fraction and (ii) the Scheduled Targeted Principal Balance that existed for the Redemption Date or such subsequent Payment Date, as the case may be, immediately prior to such Optional Redemption.