# 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..

• Upon an Early Amortization Event, the amount, if any, remaining on deposit in the Spread Account, after making the payments described in clause (a) above, shall be applied to pay principal on the Class C Notes on the earlier of the Series Maturity Date and the first Payment Date on which the Class A Note Principal Balance and the Class B Note Principal Balance have been paid in full.

• Average Class A Note Principal Balance: For any period, an amount equal to the result of (a) the aggregate of the Class A Note Principal Balance for each day during that period divided by (b) the number of days in that period.

• 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.

## 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, with respect to any Class A Note as of any date of determination, an amount equal to the excess of (x) the sum of (A) the Class A Note Principal Balance of such Class A Note on the Effective Date and (B) the sum of all Class A Advances made by such Class A Noteholder on or subsequent to the Effective Date, over (y) the cumulative amount of all other principal payments (including Prepayments) actually paid to such Series 2001-1 Noteholder subsequent to the Effective 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.