Class B-1 Principal Amount definition

Class B-1 Principal Amount means, when used with respect to any date, an amount equal to (a) the Class B-1 Initial Principal Amount specified in the Class B Notes Term Sheet related to the issuance of the Class B-1 Notes executed as of such date minus (b) the amount of principal payments made to Class B-1 Noteholders on or prior to such date plus (c) the amount of any principal payments made to Class B-1 Noteholders that have been rescinded or otherwise returned by the Class B-1 Noteholders for any reason.
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Class B-1 Principal Amount means, as of any Payment Date, the lesser of (i)_the aggregate of the Stated Principal Balances of the Pledged Mortgages, less the Senior Class Principal Amount immediately prior to such date, and (ii) the Original Class [B-1] Principal Amount reduced by all amounts previously distributed to holders of the Class [B-1] bonds as payments of principal.
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Class B-1 Principal Amount means, when used with respect to any date, an amount equal to (a) the Class B-1 Initial Principal Amount specified in the Class B Notes Term Sheet related to the issuance of the Class B-1 Notes executed as of such date minus (b) the amount of principal payments made to Class B-1 Noteholders on or prior to such date plus (c) the amount of any principal payments made to Class B-1 Noteholders
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Examples of Class B-1 Principal Amount in a sentence

  • The Class A-1 Principal Amount, and the Class B-1 Principal Amount shall be due and payable on the Three-Year Notes Legal Final Payment Date and the Class A-2 Principal Amount and the Class B-2 Principal Amount shall be due and payable on the Five-Year Notes Legal Final Payment Date.

  • The aggregate initial notional amount of all Series 2005-4 Interest Rate ▇▇▇▇▇▇ shall equal the Class B-1 Principal Amount on the Series 2005-4 Closing Date, and, thereafter, the aggregate notional amount of all Series 2005-4 Interest Rate ▇▇▇▇▇▇ may be reduced pursuant to the related Series 2005-4 Interest Rate Hedge but shall not at any time be less than the Class B-1 Principal Amount.

  • The Class A-1 Principal Amount and the Class B-1 Principal Amount shall be due and payable on the Three-Year Notes Legal Final Payment Date and the Class A-2 Principal Amount and the Class B-2 Principal Amount shall be due and payable on the Five-Year Notes Legal Final Payment Date.

  • The aggregate initial notional amount of all Series 2005-3 Interest Rate ▇▇▇▇▇▇ shall equal the sum of the Class B-1 Principal Amount and the Class B-3 Principal Amount on the Series 2005-3 Closing Date, and, thereafter, the aggregate notional amount of all Series 2005-3 Interest Rate ▇▇▇▇▇▇ may be reduced pursuant to the related Series 2005-3 Interest Rate Hedge but shall not at any time be less than the sum of the Class B-1 Principal Amount and the Class B-3 Principal Amount.

  • The Class A-1 Principal Amount, the Class B-1 Principal Amount and the Class B-2 Principal Amount shall be due and payable on the Three-Year Notes Legal Final Payment Date.

  • The Class A-1 Principal Amount, the Class A-2 Principal Amount, the Class B-1 Principal Amount and the Class B-2 Principal Amount shall be due and payable on the Three-Year Notes Legal Final Payment Date.

  • The Class A-1 Principal Amount and the Class B-1 Principal Amount shall be due and payable on the Three-Year Notes Legal Final Payment Date, the Class A-2 Principal Amount and the Class B-2 Principal Amount shall be due and payable on the Five-Year Notes Legal Final Payment Date and the Class A-3 Principal Amount and the Class B-3 Principal Amount shall be due and payable on the Seven-Year Notes Legal Final Payment Date.