Initial Note Balance definition
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 Note Balance means, as the context may require, (i) with respect to all of the Notes, $1,500,000,000, or (ii) with respect to any Note, an amount equal to the initial denomination of such Note.
Initial Note Balance means the initial principal amount of the Notes.
Examples of Initial Note Balance in a sentence
The Transferor shall have the right at its option (the “Optional Purchase”) to purchase the Transaction SUBI Certificate from the Issuer on any Payment Date upon 20 days’ prior notice to the Administrator or the Issuer if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Outstanding Note Balance is less than or equal to 10% of the Initial Note Balance.
More Definitions of Initial Note Balance
Initial Note Balance means the sum of the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance and the Initial Class A-4 Note Balance.
Initial Note Balance means, for any Class of Notes, the Note Balance of such Class upon issuance, as set forth below:
Initial Note Balance means, as the context may require, with respect to (i) all of the Notes, $1,317,110,000 or (ii) any Note, an amount equal to the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note Balance, as the case may be.
Initial Note Balance means, with respect to each Note, the principal balance of such Note set forth on the Mortgage Loan Schedule.
Initial Note Balance means, (i) for any Class A Notes, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance and the Initial Class A-4 Note Balance, as applicable, (ii) for any Class B Notes, the Initial Class B Note Balance, or (iii) with respect to the Notes generally, the sum of the foregoing.
Initial Note Balance. For any Note or for any Class of Notes, the Note Balance of such Note upon the related Issuance Date as specified in the related Indenture Supplement.
Initial Note Balance. With respect to the Class A-l Notes, $49,000,000. With respect to the Class A-2 Notes, $42,300,000. With respect to the Class A-3 Notes, $16,100,000. With respect to the Class A-4 Notes, $21,600,000. With respect to the Class M-l Notes, $19,000,000. With respect to the Class M-2 Notes, $11,000,000. With respect to the Class B-1 Notes, $10,000,000. With respect to the Class B-2 Notes, $4,000,000.