Initial Principal definition

Initial Principal. EXPECTED FINAL FINAL CLASS AMOUNT INTEREST RATE PAYMENT DATE MATURITY DATE --------- -------------- --------------- ------------------ ----------------- A-1 $124,540,305 5.180% 3/1/03 3/1/05 A-2 $179,037,815 5.510% 3/1/05 3/1/07 A-3 $322,791,421 5.875% 3/1/08 3/1/10 A-4 $406,722,416 6.190% 3/1/11 3/1/13 A-5 $326,236,780 6.420% 3/1/13 3/1/15 A-6 $390,671,263 6.620% 3/1/15 3/1/16 Interest for all Classes shall be computed on the basis of a 360-day year of twelve 30 day months.
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Examples of Initial Principal in a sentence

  • The total amount of the distribution to Class B Noteholders per $1000 Note Initial Principal Balance.

  • The total amount of the distribution to Class A Noteholders per $1000 Note Initial Principal Balance.

  • The total amount of the distribution to Class C Noteholders per $1000 Note Initial Principal Balance.

  • Concurrently with the acquisition of the Mortgage Collateral by the Trust, the Owner Trustee shall cause the Certificates in an aggregate principal amount equal to the Initial Principal Balance of the Certificates to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor, in authorized denominations.

  • The information with respect to each Receivable set forth in the Schedule of Receivables, including (without limitation) the identity and address of the Obligor, account number, the Initial Principal Balance, the maturity date and the Contract Rate, was true and correct in all material respects as of the close of business on the Cutoff Date.

  • The Recovery Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Recovery Bond Interest Rate Scheduled Final Payment Date Final Maturity Date The Recovery Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

  • The information with respect to each Receivable set forth in the Schedule of Receivables, including (without limitation) the account number of the Obligor, the Initial Principal Balance, and the Contract Rate, was true and correct in all material respects as of the close of business on the Cutoff Date.

  • The Class B Note Principal Balance on any date of determination will be an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

  • The Class A Note Principal Balance on any date of determination will be an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Date made Reason for change in the principal amount of this Global Note* Amount of such change Initial Principal Amount or Principal Amount of this Global Note following such change Notation on behalf of the Fiscal Agent * State whether change following [(1) transfer of book-entry interests in the DTC Global Note to the European Global Note, (2) transfer of book-entry interest in the European Global Note to the DTC Global Note,] (3) redemption of Notes or (4) purchase and cancelation of Notes.

Related to Initial Principal

  • Initial Principal Amount means, with respect to any Series or Class (or Subclass) of Notes, the aggregate initial principal amount of such Series or Class (or Subclass) of Notes specified in the applicable Series Supplement.

  • The Principal means the Principal of the College, or the Principal’s authorised representative.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of: