Class C Note Balance definition

Class C Note Balance means, at any time, the Initial Class C Note Balance reduced by all payments of principal made prior to such time on the Class C Notes.

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Class C Note Balance equals, initially, $104,250,000, and thereafter equals the initial Class C Note Balance reduced by all amounts allocable to principal and previously distributed to the Class C Noteholders.

Class C Note Balance on the Closing Date will equal the Original Class C Note Balance and on any date thereafter will equal the Original Class C Note Balance reduced by all distributions of principal previously made in respect of the Class C Notes.

Examples of Class C Note Balance in a sentence

• Once the Class B Note Balance has been reduced to zero, to pay the Holders of the Class C Notes 100% of the Principal Distribution Amount for that Distribution Date until the Class C Note Balance has been reduced to zero.

• The Outstanding Note Balance of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes shall not exceed the Maximum Outstanding Class A Note Balance, the Maximum Outstanding Class B Note Balance, the Maximum Outstanding Class C Note Balance, the Maximum Outstanding Class D Note Balance and the Maximum Outstanding Class E Note Balance, respectively.

• Once the Class B Note Balance has been reduced to zero, to pay the Holders of the Class C Notes 100% of the Principal Distribution Amount for that Quarterly Distribution Date until the Class C Note Balance has been reduced to zero.

• Notwithstanding the foregoing, the Indenture Trustee shall not authenticate and deliver any [Class C] Notes hereunder unless it also received on or prior to the Issuance Date, an Officers' Certificate of the Issuer stating: (A) the [Class C] Percentage, which percentage shall not exceed _____%, (B) the Initial [Class C] Note Balance, and (C) the [Class C] Note Rate.

• The Class A-1 Note Balance, the Class A-2 Note Balance, the Class B Note Balance and the Class C Note Balance at any time may not exceed such respective amounts except as provided in Section 2.5. Each Note shall be dated the date of its authentication.

More Definitions of Class C Note Balance

Class C Note Balance shall initially mean $16,280,000, and thereafter shall equal the initial Class C Note Balance reduced by all previous payments to the Class C Noteholders in respect of the principal of the Class C Notes that have not been rescinded. SALE AND SERVICING AGREEMENT (RMIT 2022-2B) - Schedule II - 8

Class C Note Balance means, as of the Closing Date, $12,890,000 and thereafter shall equal the Class C Note Balance as of the Closing Date reduced by all principal payments on the Class C Notes.

Class C Note Balance means, with respect to any Distribution Date, the Outstanding Amount of the Class C Notes.

Class C Note Balance means, at any time, $152,940,000, reduced by all payments of principal made prior to such time on the Class C notes.

Class C Note Balance means, at any time, $191,720,000, reduced by all payments of principal made prior to such time on the Class C notes.

Class C Note Balance means, with respect to any Quarterly Distribution Date, the Outstanding Amount of the Class C Notes.

Class C Note Balance means an amount equal to the Initial [Class C] Note Balance reduced by all payments on the [Class C] Notes pursuant to Section 3.04(b)(viii) hereof.