Class D Note Balance definition

Class D Note Balance means, at any time, the Initial Class D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes.
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Class D Note Balance means, at any time, $73,770,000, reduced by all payments of principal made prior to such time on the Class D notes.
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Class D Note Balance on the Closing Date will equal the Original Class D Note Balance and on any date thereafter will equal the Original Class D Note Balance reduced by all distributions of principal previously made in respect of the Class D Notes.
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Examples of Class D 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.


More Definitions of Class D Note Balance

Class D Note Balance means, as of the Closing Date, $5,405,000 and thereafter shall equal the Class D Note Balance as of the Closing Date reduced by all principal payments on the Class D Notes.
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Class D Note Balance shall initially mean $21,170,000, and thereafter shall equal the initial Class D Note Balance reduced by all previous payments to the Class D Noteholders in respect of the principal of the Class D Notes that have not been rescinded.
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Class D Note Balance means, as of any date, the Initial Class D Note Balance reduced by all payments of principal made on or prior to such date on the Class D Notes.]
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Class D Note Balance means, as of any date of determination, the Initial Class D Note Balance minus all payments of Monthly Principal actually distributed to Class D Noteholders as of such date of determination.
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Class D Note Balance equals, initially, $20,890,000, and thereafter equals the initial Class D Note Balance reduced by all amounts allocable to principal and previously distributed to the Class D Noteholders.
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Class D Note Balance means, at any time, the Initial Class D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes. “ Class D Noteholder ” means the Person in whose name a Class D Note is registered on the Note Register. “ Class D Noteholders’ Interest Carryover Shortfall ” means, with respect to any Payment Date, the excess, if any, of (A) the sum of (i) the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and (ii) any Class D Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over (B) the amount in respect of interest that was actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on such preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period . “ Class D Noteholders’ Monthly Accrued Interest ” means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the Closing Date, with respect to the first Payment Date, and on the immediately preceding Payment Date, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date, with respect to each subsequent Payment Date . “ Class D Notes ” means the Class of Auto Loan Asset Backed Notes designated as Class D Notes issued in accordance with the Indenture. “ Clean - Up Call ” has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement. “ Clearing Agency ” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act and shall initially be DTC. “ Clearing Agency Participant ” means a broker, dealer, bank or other financial institution, or other Person for which from time to time a Clearing Agency effects book - entry transfers and pledges of securities deposited with the Clearing Agency. “ Closing Date ” means January 31, 2023.
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Related to Class D Note Balance

  • 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.

  • Initial Class D Note Balance means $[ ].

  • Initial Class C Note Balance means $[ ].

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

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Initial Class B Note Balance means $[ ].

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Initial Class A-4 Note Balance means $[ ].

  • Initial Class A-3 Note Balance means $[ ].

  • Note Balance means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance or the Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  • Initial Class A-1 Note Balance means $[ ].

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Initial Class A-2 Note Balance means $[ ].

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class C Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-3.