MAXIMUM NOTE PRINCIPAL BALANCE Sample Clauses

MAXIMUM NOTE PRINCIPAL BALANCE. The Maximum Note Principal Balance with respect to the Notes shall be $600,000,000.
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MAXIMUM NOTE PRINCIPAL BALANCE. The Company will not purchase any Lease on any Lease Purchase Date unless, after giving effect thereto, the Assumed Longest Amortization of all Leases included in the Trust Property will not result in the Note Principal Balance of the Notes on any date exceeding the amount specified for such date in Schedule I to this Indenture (an "Over-Issuance Condition"). For purposes of this Section, "Assumed Longest Amortization" means the amortization of the Principal Balance of the Leases assuming that (i) no Lease is or becomes a Defaulted Lease and (ii) no prepayment occurs on any Lease, (iii) no Lease is subject to repurchase by the Seller or purchase by the Servicer pursuant to the Sale and Servicing Agreement and (iv) the payment schedule for each Lease is extended for three months immediately after giving effect to the purchase of such Lease by the Company.
Sample 1

Related to MAXIMUM NOTE PRINCIPAL BALANCE

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Increases in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Class M Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-up Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to increase the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Reductions in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be reduced (in each case without regard to any exchanges of Original Notes for MAC Notes), without any corresponding payment of principal, by the amount of the reduction, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Calculated Tranche Write-down Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(b) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Calculated Tranche Write-down Amounts that are allocable to Original Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

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