# Class B Note Principal Balance definition

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

## Examples of Class B Note Principal Balance in a sentence

• The Class B 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.

• Average Class B Note Principal Balance: For any period, an amount equal to the result of (a) the aggregate of the Class B 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 B Notes for any Distribution Date and the related Interest Period (the “ Class B 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 B Note Interest Rate, times (iii) the Average Class B Note Principal Balance for the related Interest Period.

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

• The amount of Principal Receivables in the Trust represented by the Class B Note Principal Balance on the last day of the related Monthly Period ..................

## More Definitions of Class B Note Principal Balance

Class B Note Principal Balance means, as of any date of determination, the Class B Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class B Noteholders before such date.
Class B Note Principal Balance means, on any date, (a) the Class B Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class B Notes on or prior to such date, including.
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 2014-1 Closing Date, over (y) the cumulative amount of all Class B Minimum Principal Payment Amounts, 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 2014-1 Closing Date.
Class B Note Principal Balance means, as of any date, an amount equal to (a) the Class B Initial Note Principal Balance minus (b) the aggregate amount of principal payments made to the Class B Noteholders prior to such date; provided, however, that the Class B Note Principal Balance may not be reduced below zero.
Class B Note Principal Balance means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to Class B Noteholders on or prior to such date.[“Class B Note Purchase Agreement” means that certain Note Purchase Agreement, dated as of the date hereof, by and among the Indenture Trustee, the Transferor, the Servicer and the Class B Noteholder (or Class B Noteholders) pursuant to which the Class B Noteholder (or Class B Noteholders) agreed to purchase the Class B Notes, as such agreement may be amended, amended and restated, or otherwise modified.]
Class B Note Principal Balance means, on any date of determination, an amount equal to (i) the Class B Note Initial Principal Balance, plus (ii) the aggregate amount of Principal Balance Increases allocated to the Class B Note in accordance with Section 4.09(b) made on or prior to such date, minus
Class B Note Principal Balance means, on any date, (a) the Class B Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class B Notes on or prior to such date, including[, for the avoidance of doubt, principal payments consisting of Series Pre-Funding Proceeds].