Class A Note Principal Balance definition

Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

Class A Note Principal Balance means, with respect to any date, an amount equal to the excess of (a) the Class A Note Initial Principal Balance over (b) the aggregate amount of any principal payments made to the Class A Noteholders pursuant to subsection 2.7(d) prior to such date.

Class A Note Principal Balance means, as of any date of determination, the Class A Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A Noteholders before such date.

Examples of Class A Note Principal Balance in a sentence

• The Class A Note Principal Balance at the close of business on such Distribution Date (after giving effect to all payments and adjustments on such Distribution Date) will be equal to..

• For the safety of all students, parents are required to complete a Volunteer Affidavit Form before helping on campus or field trips.

• The amount of monthly interest due with respect to the Class A Notes for any Distribution Date and the related Interest Period (the “ Class A Monthly Interest”) shall be calculated by the Servicer and shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (ii) the Class A Note Interest Rate, times (iii) the Average Class A Note Principal Balance for the related Interest Period.

• The aggregate notional amount under the Class A Swap shall, at any time, be equal to the Class A Note Principal Balance at such time.

• Class A Note Principal Balance after all distributions on the Payment Date XII.FLEET NATIONAL BANK as ServicerBy: Jeffrey A.

More Definitions of Class A Note Principal Balance

Class A Note Principal Balance means, on any date, (a) the Class A Initial Note Principal Balance, plus (b) the total amount of Class A Note Principal Balance Increases made on or prior to such date, minus (c) the total amount of principal payments made on the Class A Notes on or prior to such date.

Class A Note Principal Balance means the sum of the Class A-1 Note Principal Balance, the Class A-2 Note Principal Balance, the Class A-3 Note Principal Balance, the Class A-4 Note Principal Balance and the Class A-5 Note Principal Balance.

Class A Note Principal Balance. With respect to any date of determination, (a) the Original Class A Note Principal Balance less (b) the aggregate of amounts distributed as principal to the Class A Noteholders on previous Payment Dates.

Class A Note Principal Balance means, with respect to any Class A Note as of any date of determination, an amount equal to the excess, if any, of (x) the initial principal balance of such Class A Note as of the Series 2014-3 Closing Date, over (y) the cumulative amount of all Class A Minimum Principal Payment Amounts, Class A Scheduled Principal Payment Amounts and any other principal payments (including Prepayments) actually paid to the related Class A Noteholder subsequent to the Series 2014-3 Closing Date.

Class A Note Principal Balance. With respect to any date of determination, (a) the Original Class A Note Principal Balance less (b) the aggregate of amounts previously distributed as principal to the Class A Noteholders; provided, however, exclusively for the purpose of determining any subrogation rights of the Insurer, the “Class A Note Principal Balance” of the Class A Notes is not reduced by the amount of any payments made by the Insurer in respect of principal on the Class A Notes under the Policy, except to the extent the payment has been reimbursed to the Insurer pursuant to the provisions hereof.

Class A Note Principal Balance. As of any date of determination, the Original Note Principal Balance of the Class A Notes less any amounts actually paid with respect to principal thereon on all prior Payment Dates.

Class A Note Principal Balance means, as of any date, an amount equal to (a) the Class A Initial Note Principal Balance minus (b) the aggregate amount of principal payments made to the Class A Noteholders prior to such date; provided, however, that the Class A Note Principal Balance may not be reduced below zero.