Principal Balance Increases Sample Clauses

Principal Balance Increases. (a) The Series 2007-A Noteholders agree, by acceptance of their Series 2007-A Notes, that the Transferor may, from time to time, prior to the earlier of the commencement of the Scheduled Amortization Period and the commencement of the Early Amortization Period, and so long as a Partial Amortization Period is not outstanding, and subject to the terms, conditions and restrictions set forth in this Section 4.09(a) and in the Note Purchase Agreement, request a Principal Balance Increase. Each such Principal Balance Increase shall, however, be subject to the satisfaction of the Increase Conditions and shall be permitted only (i) during the Revolving Period and (ii) upon the written request made by the Transferor to each Agent to increase the Note Principal Balance and the Invested Amount to an amount not to exceed the Maximum Principal Balance. Any such Principal Balance Increase shall be in a minimum amount of $2,000,000 and integral multiples of $500,000 in excess thereof. To request any such increase, the Transferor shall be required to give to each of the Indenture Trustee, the Servicer and each Agent, by 12:00 p.m., Chicago time, on the first Business Day prior to the date of the requested Principal Balance Increase, a Principal Balance Increase Request, specifying (i) the Increase Amount, (ii) the Increase Date, and (iii) the payment instructions for remittance of the proceeds of such requested Principal Balance Increase.
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Principal Balance Increases. (a) Upon the terms and subject to the conditions set forth herein and in the Series 2002-A Indenture Supplement, the Purchaser shall fund the Net Purchase Requirement requested by the Servicer with respect to the Purchaser’s Series 2002-A Note in accordance with the procedures described herein. To the extent the Purchaser fails to fund the Net Purchase Requirement in full due to the failure or refusal of a Member of the Purchaser to make a capital contribution as required under the terms of the Amended and Restated LLC Agreement or the Amended and Restated Capital Contribution Agreement, or due to the inability of the Purchaser to fund such Member’s pro rata share of the Net Purchase Requirement (such Member, an “Affected Member”, and the amount which the Affected Member failed or refused to contribute, or with respect to which the Purchaser was unable to fund on behalf of such Affected Member, the “Affected Amount”), the Servicer, acting on behalf of the Note Administrator, shall demand that the Affected Member fund an increase in the Series 2002-A Note held by such Affected Member in an amount equal to the Affected Amount in accordance with the procedures described in Annex B attached hereto.
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Principal Balance Increases. (a) The Series 2002-A Noteholders agree, by acceptance of their Series 2002-A Notes, that the Servicer, acting on behalf of the Note Administrator, shall, from time to time, request the Noteholders to fund increases to the principal balance of their Notes on any Business Day (an “Increase Date”) in an aggregate amount equal to the Net Purchase Requirement with respect to such Business Day and the Noteholders hereby agree to fund such increases. Each and every increase in the Principal Balance shall, however, be subject to the terms, conditions and restrictions set forth in the Note Purchase Agreement unless, with respect to any Noteholder, such Noteholder has waived any such terms, conditions and restrictions. Any increase shall be made in accordance with the following procedures:
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Principal Balance Increases. (a) The Series 2004-1 Noteholders agree, by acceptance of their Series 2004-1 Notes, that the Transferor may, from time to time, prior to the earlier of the commencement of the Scheduled Amortization Period and the commencement of the Early Amortization Period and so long as a Partial Amortization Period is not outstanding, and subject to the terms, conditions and restrictions set forth in this Section 4.10(a) and in the Class A Note Purchase Agreement, request the Issuer to increase the Class A Note Principal Balance in specified amounts (any such increase being referred to herein as a "Principal Balance Increase"). Each and every Principal Balance Increase shall, however, be subject to the satisfaction of the Increase Conditions, and shall be permitted only (i) during the Revolving Period and (ii) upon the request made by the Transferor to each Agent to increase the Class A Note Principal Balance and the Invested Amount to an amount not to exceed the Maximum Invested Amount. Any such Principal Balance Increase shall be in a minimum amount sufficient for the pro rata share of any such increase for each Purchaser to be at least $1,000,000. To request any such increase, the Transferor shall be required to give to each of the Indenture Trustee, the Servicer and each Agent, by 1:00 p.m. (New York City time) on the second Business Day prior to the date of the requested Principal Balance Increase, an irrevocable notice substantially in the form attached hereto as Exhibit D (each, a "Principal Balance Increase Request"), specifying (i) the amount of such increase (the "Increase Amount"), (ii) the date on which such Principal Balance Increase is to occur, which date shall be a Business Day during the Revolving Period (an "Increase Date") and (iii) the payment instructions for remittance of the proceeds of such requested Principal Balance Increase.
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Principal Balance Increases. (a) For the purposes of Section 4.6 of the Series 0000-0 Xxxxxxxxx Supplement, and in addition to the conditions contained therein, the obligation of the Note Purchasers to fund any Series 2012-1 Increase Amount (which amount shall be allocated equally between the Note Purchasers) shall be subject to satisfaction or waiver of the following conditions:
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Principal Balance Increases 
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Related to Principal Balance Increases

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

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

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

  • 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.

  • 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.

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

  • 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.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • 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.

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