Guaranteed Principal Amount means, with respect to any Domestic Subsidiary of the Company (other than any Domestic Subsidiary that is an Excluded Subsidiary or Securitization Entity) and as of any date, the aggregate principal amount (without duplication) as of such date of (a) all outstanding Debt Securities of the Company for whose payment the Company and such referent Domestic Subsidiary are jointly and severally liable as co-issuers or co-obligors, (b) all outstanding Debt Securities of the Company the payment of which is guaranteed by such referent Domestic Subsidiary, (c) all outstanding Debt Securities of such referent Domestic Subsidiary the payment of which is guaranteed by the Company and (d) all outstanding Guaranteed Subsidiary Debt Securities issued by other Domestic Subsidiaries of the Company (other than Domestic Subsidiaries that are Excluded Subsidiaries or Securitization Entities) the payment of which is guaranteed by such referent Domestic Subsidiary.
Guaranteed Principal Amount. (a) With respect to any Payment Date (other than Payment Date specified in (b)), the Overcollateralization Deficit, if any, for such Payment Date and (b) on the earlier to occur of the Payment Date in December, 2030 (after giving effect to all distributions of principal on the Notes) or the Redemption Date (after giving effect to all distribution of principal on the Notes), an amount equal to the Note Balance.
Guaranteed Principal Amount. As to any Distribution Date, (a) the amount, if any, by which the aggregate Certificate Principal Balance of the Offered Certificates exceeds the Pool Balance at the end of the previous month (after giving effect to all distributions of principal on the Offered Certificates on such Distribution Date) plus any amounts on deposit in the Prefunding Account and (b) on the Distribution Date in December 2029 (after giving effect to all other distributions of principal on the Offered Certificates), an amount equal to the aggregate Certificate Principal Balance of the Offered Certificates. Holder: A Certificateholder.
Examples of Guaranteed Principal Amount in a sentence
In other words, a withdrawal reduces the Guaranteed Principal Amount by the same percentage by which the withdrawal reduces the Eligible Contract Value.
The pro rata adjustment is equal to the amount of the withdrawal multiplied by a fraction where the numerator is the Guaranteed Principal Amount immediately prior to the withdrawal and the denominator is the Eligible Contract Value immediately prior to the withdrawal.
The pro rata adjustment is the amount of the withdrawal times a fraction equal to (a) over (b) where: (a) equals the Guaranteed Principal Amount immediately prior to the withdrawal; and (b) equals the Eligible Contract Value immediately prior to the withdrawal.
The aggregate Initial Guaranteed Principal Amount with respect to all Guaranteed Loans for which a Guarantee has been issued shall not exceed $3,000,000,000.00 at any time (the “Maximum Cumulative Guaranteed Amount”).
The Notes are entitled to the benefits of a financial guaranty insurance policy (the "Insurance Policy") issued by MBIA Insurance Corporation (the "Insurer"), pursuant to which the Insurer has unconditionally guaranteed payment of the Note Interest Distributable Amount on each Distribution Date and the Guaranteed Principal Amount of the Notes as more fully set forth in the Insurance Policy.
More Definitions of Guaranteed Principal Amount
Guaranteed Principal Amount means for any Distribution Date (a) the amount, if any, by which the aggregate Class Principal Balance of the Senior Certificates of the related Certificate Group exceeds the related Loan Group Balance at the end of the previous month (after giving effect to all distributions of principal on the related Senior Certificates on such Distribution Date) and (b) on the Distribution Date in February 2031 (after giving effect to all other distributions of principal on the related Certificate Group) an amount equal to the applicable Certificate Group Balance.
Guaranteed Principal Amount means (a) for any Distribution Date (other --------------------------- than a Distribution Date specified in (b)), the amount, if any, by which the Class Principal Balance of each Certificate Group exceeds the related Loan Group Principal Balance at the end of the previous month (after giving effect to all distributions of principal on the related Class A Certificates on such Distribution Date) and (b) on the Distribution Date in ____________ with respect to the Group 1 Certificates, and ____________ with respect to the Group 2 Certificates, (after giving effect to all other distributions of principal on the Group 1 Certificates and the Group 2 Certificates, as applicable), an amount equal to the applicable Class Principal Balance.
Guaranteed Principal Amount means (a) for any Distribution Date (other than a Distribution Date specified in (b)), the amount, if any, by which the Certificate Principal Balances of the Class A-1 and the Class A-2 Certificates exceed the Pool Balance at the end of the related Prepayment Period (after giving effect to all distributions of principal on the related Class A Certificates on such Distribution Date) and (b) on the Distribution Date in April, 2029 (after giving effect to all other distributions of principal on the Class A Certificates), an amount equal to the aggregate Certificate Principal Balance of the Class A Certificates.
Guaranteed Principal Amount. For any Distribution Date (a) the amount, if any, by which the aggregate Class Principal Balance of the Senior Certificates of the related Certificate Group exceeds the related Loan Group Balance at the end of the previous month (after giving effect to all distributions of principal on the related Senior Certificates on such Distribution Date) and (b) on the Distribution Date in November 2031 (after giving effect to all other distributions of principal on the related Certificate Group) an amount equal to the applicable Certificate Group Balance.
Guaranteed Principal Amount means, (i) with respect to any Payment Date other than the Final Scheduled Payment Date, the amount, if any, by which the Security Balance of the Obligations (after giving effect to all other amounts distributable and allocable to principal on the Obligations) exceeds the Investor Amount as of such Payment Date (after giving effect to all other amounts distributable and allocable to principal on the Obligations for such Payment Date) and (ii) on the Final Scheduled Payment Date, after giving effect to all other amounts distributable and allocable to principal on the Obligations on the Final Scheduled Payment Date, any amount necessary to pay the outstanding Security Balance of the Obligations in full.
Guaranteed Principal Amount. As defined in the Certificate Insurance Policies.
Guaranteed Principal Amount. The sum of (a) as to any Distribution Date, the amount, if any, by which the aggregate Certificate Principal Balance of the Class AF and Class AV Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans at the end of the related Due Period (after giving effect to all distributions of principal on the Class AF and Class AV Certificates on such Distribution Date) and (b) on the Distribution Date in March, 2030 (after giving effect to all other distributions of principal on the Class AF and Class AV Certificates), an amount equal to the aggregate Certificate Principal Balance of the Class AF and Class AV Certificates.