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.