Note B Principal Balance definition

Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

Note B Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the B Notes.

Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance as set forth in the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note B Holder and any reductions in such amount pursuant to Section 4(c) and Section 7.

Examples of Note B Principal Balance in a sentence

• If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B Holder hereunder.

• If Note B is held by more than one Person at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B Holder hereunder in accordance with Section 6(a).

• If the Note B is held by more than one Note B Holder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B hereunder.

• If a B Note is held by more than one Note B Holder at any time, the holders of a majority of the applicable Note B Principal Balance shall immediately appoint a representative to exercise all rights of such B Note hereunder.

• If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder.

More Definitions of Note B Principal Balance

Note B Principal Balance means, at any time of determination, the sum of the Note B-1 Principal Balance and the Note B-2 Principal Balance.

Note B Principal Balance means individually or collectively, the Note B-1 Principal Balance and/or the Note B-2 Principal Balance, as the case may be.

Note B Principal Balance means, at any time of determination, the sum of the Note B-1-A Principal Balance, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance and the Note B-2-B Principal Balance.

Note B Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the initial outstanding principal balance of Note B, less any payments of principal thereon received by the Note B Holder or reductions in such amount pursuant to Section 3, 4 or 5, as applicable.

Note B Principal Balance means, in the aggregate, the Note B-1 Principal Balance and the Note B-2 Principal Balance.

Note B Principal Balance means individually or collectively, the Note B-1 Principal Balance and/or the Note B-2 Principal Balance, as the case may be. Co-Lender Agreement (Gas Company Tower) 20

Note B Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note B Principal Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note B Holder or reductions in such amount pursuant to Section 3 or Section 4, as applicable.