Examples of Note A Principal Balance in a sentence
To the extent any such amounts are not reimbursed by or on behalf of Borrower, Lead Lender shall be reimbursed promptly from payments otherwise distributable to Co-Lender up to an amount equal to Co-Lender’s pro rata share of such amounts (based upon the Note A Principal Balance and the Note B Principal Balance, respectively).
To the extent Co-Lender fails to reimburse such Costs, Lead Lender may, from time to time and as Lead Lender’s sole and exclusive remedy, deduct from the amounts otherwise due to Co-Lender in accordance with the provisions of this Agreement Co-Lender’s pro rata share of the Costs (based upon the Note A Principal Balance and the Note B Principal Balance, respectively).
Note A Holder fails to receive distributions pursuant to Section 2(b) that are sufficient to repay in full the Note A Principal Balance and any Realized Losses with respect to Note A within twelve (12) months of the scheduled maturity date of the Loan.
In consideration for servicing the Loan, Lead Lender shall retain from sums otherwise allocable to Lead Lender and Loan A monthly on each Payment Date a servicing fee in the amount of the Note A Servicing Fee Rate multiplied by the Note A Principal Balance (the “Note A Servicing Fee”).
Use of the terms Note A Principal Balance and Note B Principal Balance are merely for convenience in determining the economic interests of the parties.