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, with respect to any date, an amount equal to (a) the Class C Note Initial Principal Balance minus (b) the aggregate amount of any principal payments made to the Class C Noteholders prior to such date.

Examples of Class C Note Principal Balance in a sentence

• 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.

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

• Aggregate amount required to be withdrawn pursuant to Section 4.11(c) for distribution to Class C Noteholders pursuant to Section 4.04 (a)(iv) for reduction of the Class C Note Principal Balance $ — 4.

More Definitions of Class C Note Principal Balance

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.

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 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 of determination, an amount equal to (a) $38,250,000, 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, 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 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.