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.

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

• 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.

• The Outstanding Note Balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D 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 and the Maximum Outstanding Class D Note Balance, respectively.

• 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.

• Uncovered Loss Amounts will be allocated (i) first, to the Certificateholders until the Certificate Balance equals zero, (ii) then, to the Class C Noteholders until the Class C Note Balance has been reduced to zero, (iii) then, to the Class B Noteholders until the Class B Note Balance has been reduced to zero and (iv) then, to the Class A Noteholders, pro rata, based on the Class X-0, Xxxxx X-0, Class A-3, Class A-4 and Class A-5 Allocation Percentages.

More Definitions of Class C Note Balance

Class C Note Balance shall initially mean $10,110,000, 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by all previous payments to the Class C Noteholders in respect of the principal of the Class C Notes that have not been rescinded.

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

Class C Note Balance means, as of the Closing Date, $_________ 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, as of any date, the Initial Class C Note Balance reduced by all payments of principal made on or prior to such date 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, as of the Closing Date, $13,870,000 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, at any time, $152,940,000, reduced by all payments of principal made prior to such time on the Class C notes.