Adjusted Class Note Balance definition
Adjusted Class Note Balance. For any class of Notes and any Payment Date, the Class Note Balance of that class minus any Allocated Realized Loss for such class, in each case, immediately prior to that Payment Date.
Examples of Adjusted Class Note Balance in a sentence
However, on any Payment Date on which the Overcollateralization Amount has been reduced to zero, and the aggregate outstanding Adjusted Class Note Balance of the Class M Notes has been reduced to zero, then any payments of principal to be made on the Class A Notes shall be made to such holders on a pro rata basis, rather than sequentially as described above.