Aggregate Class A Note Principal definition

Aggregate Class A Note Principal means, on any date of determination, the outstanding principal amount of all Class A Notes, which shall equal the Class A Initial Principal Amount, plus the aggregate amount of any Increases made prior to such date, minus the aggregate amount of principal payments (including, without limitation, any Decreases) made to Noteholders prior to such date.

Aggregate Class A Note Principal has, with respect to any Series of Notes, the meaning specified in the related Series Supplement.

Examples of Aggregate Class A Note Principal in a sentence

• The amount of monthly interest payable on the Class A Notes on each Payment Date will be determined by the Servicer as of each Determination Date and will be an amount for each day during the related Interest Period equal to the product of (i) 1/360, times (ii) the Class A Note Rate in effect on such day, times (iii) the Aggregate Class A Note Principal on such day (the “Class A Monthly Interest”).

• Each such Decrease shall be on a pro rata basis for all Class A Notes and shall be in a minimum principal amount of $1,000,000 (and in integral multiples of $10,000 in excess thereof), unless such Decrease reduces the Aggregate Class A Note Principal to zero.

• Voluntary Prepayments may be made with respect to all or portion of, the Aggregate Class A Note Principal Balance and (i) a corresponding portion of the Aggregate Class B Note Principal Balance (such that each of the Aggregate Class A Note Principal Balance and the Aggregate Class B Note Principal Balance is reduced in the same proportion) or (ii) if the Aggregate Class A Note Principal Balance is paid in full, all or a portion of the Aggregate Class B Note Principal Balance.

• The amount of monthly interest payable on the Class A Notes on each Payment Date will be determined by the Servicer as of 4163-0444-0101.3 each Determination Date and will be an amount for each day during the related Interest Period equal to the product of (i) 1/360, times (ii) the Class A Note Rate in effect on such day, times (iii) the Aggregate Class A Note Principal on such day (the “Class A Monthly Interest”).

• As of any Payment Date, the excess (if any) of (i) Aggregate Class A Note Principal Balance (calculated after giving effect to all Credit Loans and principal payments actually paid on such Payment Date), over (ii) the Class A Asset Base.

• What is assumed to be unknown is the allocation of exports for the second half of the year.

• On any Business Day during the Revolving Period (but no more than two (2) times during any calendar week), the Issuer may increase the Aggregate Class A Note Principal upon one (1) Business Day’s prior notice to the Trustee, the Back-Up Servicer, any successor Servicer and the Noteholders (each such increase referred to as an “ Increase”).

• So long as an Event of Default shall have occurred and then be continuing, Class A Lenders representing more than fifty percent (50%) of the then Aggregate Class A Note Principal Balance may appoint an existing Class A Lender (that is not then fulfilling the role of the Agent) to act as the representative solely of the Class A Lenders.

• For any Payment Date occurring on or after the Conversion Date, an amount equal to the product of (i) the Aggregate Class A Note Principal Balance on the Conversion Date and (ii) .0151515, as such product shall be adjusted pursuant to the provisions of Section 2.7(a) hereof.

• On any Business Day during the Revolving Period (but no more than two (2) times during any calendar week), the Issuer may increase the Aggregate Class A Note Principal upon one (1) Business Day’s prior notice to the Trustee, theBack-Up Servicer, any successor Servicer and the Noteholders (each such increase referred to as an “ Increase”).