Class A Note Balance definition

Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

Class A Note Balance as of any date of determination, means the aggregate of the outstanding principal balances of the Class A‑1 Notes, Class A‑2a Notes, Class A-2b Notes, Class A‑3 Notes and Class A‑4 Notes.

Class A Note Balance as of any date of determination, means the aggregate of the outstanding principal balances of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes.

Examples of Class A Note Balance in a sentence

• Following the payment in full of the Class A Note Balance, the Class B Note Balance and of all other amounts owing or to be distributed hereunder or under the Indenture or the Trust Agreement to Noteholders, as directed in writing by the Servicer, the Indenture Trustee shall release to the Seller any amounts remaining on deposit in the Reserve Account.

• In addition, if the Back-up Servicer shall be legally unable to act as Servicer or shall have delivered a notice of resignation pursuant to Section 8.5 hereof and a Note Insurer Default shall have occurred and be continuing, the Back-up Servicer, the Trust Collateral Agent or the Class A Noteholders evidencing not less than 66-2/3% of the Class A Note Balance or the Class C Certificateholder may petition a court of competent jurisdiction to appoint any successor to the Servicer.

• On the last day of any Collection Period as of which the Class A Note Balance shall be less than or equal to 15% of the initial Class A Note Balance, the Servicer shall have the option to reacquire the Trust Property, other than the Trust Accounts.

• The Outstanding Note Balance of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes shall not exceed the Maximum Outstanding Class A Note Balance, the Maximum Outstanding Class B Note Balance, the Maximum Outstanding Class C Note Balance, the Maximum Outstanding Class D Note Balance and the Maximum Outstanding Class E Note Balance, respectively.

• In addition, if the Back-up Servicer shall be legally unable to act as Servicer or shall have delivered a notice of resignation pursuant to Section 8.5 hereof and a Note Insurer Default shall have occurred and be continuing, the Back-up Servicer, the Trust Collateral Agent or the Class A Noteholders evidencing not less than 66-2/3% of the Class A Note Balance or the Demand Note Provider may petition a court of competent jurisdiction to appoint any successor to the Servicer.

More Definitions of Class A Note Balance

Class A Note Balance means the sum of the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance and the Class A-4 Note Balance.

Class A Note Balance on the Closing Date will equal the Original Class A Note Balance and on any date thereafter will equal the Original Class A Note Balance reduced by all distributions of principal previously made in respect of the Class A Notes.

Class A Note Balance shall initially mean $129,770,000, and thereafter shall equal the initial Class A Note Balance reduced by all previous payments to the Class A Noteholders in respect of the principal of the Class A Notes that have not been rescinded.

Class A Note Balance means, as of the Closing Date, $237,814,000 and thereafter shall equal the Class A Note Balance as of the Closing Date reduced by all principal payments on all of the Class A Notes.

Class A Note Balance equals, initially, $81,000,000, and thereafter equals the initial Class A Note Balance reduced by all amounts allocable to principal and previously distributed to the Class A Noteholders.

Class A Note Balance means, for any date of determination, the aggregate of the Class A-1 Note Balance, Class A-2 Note Balance, Class A-3 Note Balance and Class A-4 Note Balance for such date of determination.

Class A Note Balance means initially, the Initial Class A Note Balance and, thereafter, the Initial Class A Note Balance, reduced by all amounts previously distributed to Class A Noteholders and allocable to principal.