Class C Note Principal Balance definition

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

Examples of Class C Note Principal Balance in a sentence

  • On the date on which the Class C Note Principal Balance has been paid in full, after making any payments to the Noteholders required pursuant to Sections 4.11(a), (b), (c) and (d), the Issuer shall withdraw from the Spread Account all amounts then remaining in the Spread Account and pay such amounts to the holders of the Transferor Interest.

  • Unless an Early Amortization Event occurs, the Issuer will withdraw from the Spread Account and deposit in the Collection Account for payment to the Class C Noteholders on the Expected Principal Payment Date for the Class C Notes an amount equal to the lesser of: (i) the amount on deposit in the Spread Account after application of any amounts set forth in clause (a) above and (ii) the Class C Note Principal Balance.

  • The Class C 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.

  • The amount of monthly interest due with respect to the Class C Notes for any Distribution Date and the related Interest Period (the “ Class C 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 C Note Interest Rate, times (iii) the Average Class C Note Principal Balance for the related Interest Period.

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


More Definitions of Class C Note Principal Balance

Class C Note Principal Balance. As of any date, the Class C Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class C Noteholders on or prior to such date.]
Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to Class C Noteholders on or prior to such date.[“Class C 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 C Noteholder (or Class C Noteholders) pursuant to which the Class C Noteholder (or Class C Noteholders) agreed to purchase the Class C Notes, as such agreement may be amended, amended and restated, or otherwise modified.]
Class C Note Principal Balance means, on any date, the sum of the Class C-1 Note Principal Balance and the Class C-2 Note Principal Balance, each as of such date.
Class C Note Principal Balance. Sold: $________
Class C Note Principal Balance means, on any date, (a) the Class C Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class C Notes on or prior to such date[, including, for the avoidance of doubt, principal payments consisting of Series Pre-Funding Proceeds].
Class C Note Principal Balance. On the Restatement Date, an amount equal to Seven Million Three Hundred Five Thousand Dollars ($7,305,000) and thereafter shall equal the Class C Note Principal Balance on the Restatement Date reduced by all amounts previously paid to the Class C Noteholders representing payments of Class C Note Principal Payment. Closing: The time at which each of the conditions precedent set forth in Article XI shall have been duly fulfilled or satisfied.
Class C Note Principal Balance means, with respect to any date, ------------------------------ the Class C Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class C Noteholders prior to such date.