Class B Principal Payment definition

Class B Principal Payment. (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor.

Class B Principal Payment shall equal (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor.

Class B Principal Payment means (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor.

Examples of Class B Principal Payment in a sentence

• PRINCIPAL PAYMENT means a Class A Principal Payment, a Class B Principal Payment or a Class C Principal Payment.

• The Class B Principal Payment Amount for any Payment Date is equal to the amount necessary to reduce the outstanding principal amount of the Class B Notes to the Class B Targeted Note Balance respectively.

• The Class B Principal Payment Amount for any Payment Date is equal to the amount necessary to reduce the aggregate Principal Outstanding of the Class B Notes to the Class B Targeted Note Balance.

• Identify and review policies and practices of the City of Charlottesville and its boards and commissions and other public agencies within the City and advise those bodies on issues related to human rights issues.

• Class B Principal Payment means each payment to the Class B Noteholders under clauses 5.5(a)(iii) or 5.6(a)(iii).

More Definitions of Class B Principal Payment

Class B Principal Payment with respect to any Payment Date, (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor for such Payment Date. Class B Stated Maturity Date: __________, 20__.

Class B Principal Payment. With respect to any Payment Date, the excess of (x) the sum of (A) the Class A Principal Balance (after giving effect to payments on the Class A Notes on such Payment Date), plus (B) the Class B Principal Balance immediately preceding such Payment Date over (y) the lesser of (A) the Class B Target Investor Principal Amount and (B) the excess of (1) the Aggregate Contract Principal Balance as of the related Calculation Date over (2) the Class D Floor.

Class B Principal Payment. As to any Payment Date, the amount necessary to reduce the Class B Principal Balance to the Class B Target Investor Principal Amount for such Payment Date.

Class B Principal Payment means the principal amount payable to the Class B Noteholders on each Payment Date.

Class B Principal Payment means each payment to the Class B Noteholders under clause 5.13 following a payment under clause 5.4(c)(x). -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 6 Supplementary Terms Notice Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- Class B Stated Amount means, on a Quarterly Determination Date and in relation to a Class B Note, an amount equal to:

Class B Principal Payment means each payment to the Class B Noteholders under clause 6.20(b)(vi).

Class B Principal Payment means each payment to the Class B Noteholders under clauses 5.5(e) or 5.6(c).