Class A Supplemental Principal Payment Amount definition

Class A Supplemental Principal Payment Amount means, for any Payment Date, the amount of any prepayment of the Class A Notes required pursuant to Section 205(a) of this Supplement. For purposes of the Indenture and this Supplement, the Class A Supplemental Principal Payment Amount is the “Supplemental Principal Payment Amount” with respect to the Class A Notes.

Class A Supplemental Principal Payment Amount means the difference, if positive, between (A) the Outstanding Principal Balance of the Class A Airplanes Group Notes (after giving effect to the payment of the Class A Minimum Principal Payment Amount and any Class A Principal Adjustment Amount to be made on such Payment Date) and (B) the Class A Supplemental Principal Balance on such Payment Date.

Class A Supplemental Principal Payment Amount means (i) on any Payment Date with respect to the Subclass A-5 Airplanes Group Notes, (ii) on any Payment Date after the payment in full of the Subclass A-5 Airplanes Group Notes with respect to the Subclass A- - Airplanes Group Notes and (iii) on any Payment Date following the relevant Amortization Commencement Date, if applicable, with respect to each subclass of Soft Bullet Notes, in each case to the extent that any amount remains Outstanding thereon, the difference, if positive, between (A) the Outstanding Principal Balance of the Class A Airplanes Group Notes (after giving effect to the payment of the Class A Minimum Principal Payment Amount and any Class A Principal Adjustment Amount to be made on such Payment Date) and (B) the Class A Supplemental Principal Balance on such Payment Date.

Examples of Class A Supplemental Principal Payment Amount in a sentence

• The Class A Supplemental Principal Payment Amount and the Class B Supplemental Principal Payment Amount shall be payable on such Payment Date from amounts on deposit in the Series 2020-1 Series Account in accordance with the priority of payments set forth in Section 303.

• Nothing contained in this Section 205(b) shall prohibit the payment of a Class A Supplemental Principal Payment Amount or a Class B Supplemental Principal Payment Amount or other accelerated payment of principal in accordance with the provisions of this Supplement on any Payment Date.

More Definitions of Class A Supplemental Principal Payment Amount

Class A Supplemental Principal Payment Amount means, on each Payment Date, an amount equal to the excess, if any, of (i) the Aggregate Class A Note Principal Balance on such Payment Date (calculated after giving effect to any payment of the Class A Scheduled Principal Payment Amount actually paid on such Payment Date), over (ii) the Class A Asset Base (determined as of the last day of the month immediately preceding such Payment Date). “Class B Advance Rate” means, for the Class B Notes, eighty-three percent (83%). “Class B Note” means any of the $65,800,000 Fixed Rate Asset-Backed Notes, Series 2020-1, Class B issued pursuant to this Supplement, substantially in the form of any of Exhibits A- 1, A-2, A-3 or A-4 to this Supplement. “Class B Note Interest Payment” means for the Class B Notes on each Payment Date, an amount equal to the product of (i) the Class B Note Interest Rate, (ii) the Aggregate Class B Note Principal Balance on the immediately preceding Payment Date, calculated after giving effect to all principal payments on the Class B Notes actually paid on such date (or, in the case of the first Payment Date, the Aggregate Class B Note Principal Balance on the Series 2020-1 Closing Date) and (iii) one twelfth (or, in the case of the first Payment Date, the number of days in the first Interest Accrual Period divided by 360). “Class B Note Interest Rate” means three and seventy-four hundredths percent (3.74%) per annum. “Class B Note Principal Balance” means, with respect to any Class B Note as of any date of determination, an amount equal to the excess, if any, of (x) the initial principal balance of such Class B Note as of the Series 2020-1 Closing Date, over (y) the cumulative amount of all Class B Scheduled Principal Payment Amounts and any other principal payments (including Prepayments) actually paid to the related Class B Noteholder subsequent to the Series 2020-1 Closing Date. “Class B Scheduled Principal Payment Amount” means, on each Payment Date, an amount equal to the excess, if any, of (x) the then Aggregate Class B Note Principal Balance over (y) the Class B Scheduled Targeted Principal Balance for such Payment Date. “Class B Scheduled Targeted Principal Balance” means, on each Payment Date, the applicable amount set forth opposite such Payment Date under “Class B” in Schedule 1 hereto, as such Schedule 1 may be adjusted from time to time in accordance with Sections 204 and 205 of this Supplement. For each Payment Date occurring after the latest Payment Date on Schedule 1, the Cla...

Class A Supplemental Principal Payment Amount. On each Payment Date is equal to the excess, if any, of (i) the Aggregate Class A Note Principal Balance (calculated after giving effect to any payment of any Class A Scheduled Principal Payment Amount actually paid on such Payment Date), over (ii) the Class A Adjusted Asset Base (determined as of the last day of the month immediately preceding such Payment Date).