Note Outstanding Amount definition

Note Outstanding Amount means, with respect to any day on which the Notes are due to be prepaid, the aggregate of (a) the Principal Amount Outstanding of the Notes as at the immediately preceding Note Payment Date (or, if none, the Closing Date), (b) the highest of the (i) aggregate accrued interest due and payable in respect of the Notes up to (but excluding) such day (ii) the Fixed Amount due on the next succeeding Swap Payment Date and (iii) the Floating Amount due on the next succeeding Swap Payment Date and (c) the aggregate of those amounts which are, in accordance with the Note Trust Deed, due and payable in priority to or pari passu with the amounts due and payable by the Note Issuer under the Notes.
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Note Outstanding Amount has the meaning set forth in the Indenture.
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Note Outstanding Amount means, at any time, the outstanding principal amount of the Notes at such time and all Accrued Interest that is past due.
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Examples of Note Outstanding Amount in a sentence

  • The Reserve Fund shall be under the sole dominion and control of the Indenture Trustee until the Note Outstanding Amount has been reduced to zero, and thereafter under the sole dominion and control of the Owner Trustee.

  • In case of any redemption at the election of the Issuer of less than all of the Notes such notice shall specify the Note Outstanding Amount of the Notes to be redeemed.

  • In case at any time the Issuer or the holders of at least ten percent (10%) in aggregate principal amount of the Note Outstanding Amount shall have requested the Fiscal Agent to call a meeting of the Noteholders for any such purpose, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, the Fiscal Agent shall call such meeting for such purposes by giving notice thereof.

  • Upon the occurrence and continuation of a Loan-to-Value Event, the Issuer shall be required to make a Supplemental Principal Repayment on the Notes on the fifth (5th) Business Day immediately following the occurrence of such Loan-to-Value Event; provided, however, that the Supplemental Principal Repayment cannot be greater than the Note Outstanding Amount as of such date.

  • Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and maintain the Reserve Fund (a) with the Indenture Trustee, until the Senior Note Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee.

  • The Issuer hereby directs the Trustee to cause to be listed in the Certificate Register as the Registered Pledgee of the Transferor's 99% 2001-A Lease SUBI Certificate (i) until the Senior Note Outstanding Amount is reduced to zero, the Indenture Trustee, (ii) until the Certificate Balance is reduced to zero, the Issuer, and (iii) thereafter, the Transferor.

  • On each Scheduled Payment Date, the Issuer shall pay an amount of principal on the Notes equal to the Original Issuance Amount multiplied by the percentage applicable to such Scheduled Payment Date as set forth in the amortization schedule attached hereto as Exhibit B (such payment, a “Scheduled Principal Repayment”); provided, however, that the Scheduled Principal Repayment cannot be greater than the Note Outstanding Amount as of such Scheduled Payment Date.

  • Pursuant to Section 5.01 of the Trust Agreement, the Transferor shall establish and maintain the Reserve Fund (a) with the Indenture Trustee, until the Note Outstanding Amount is reduced to zero, and (b) thereafter with the Owner Trustee.

  • If any Account shall cease to be an Eligible Account, the Indenture Trustee, until the Note Outstanding Amount has been reduced to zero, and thereafter with respect to the Reserve Fund, the Owner Trustee shall, as necessary, assist the Administrative Agent in causing each Account to be moved to an institution at which it shall be an Eligible Account.

  • The Collateral Agent shall notify the Noteholders and shall record in the schedule to each such Note (i) the Note Outstanding Amount on the Closing Date and (ii) in the event the Collateral Agent accepts the validity of the amount of any payment by the Issuer of principal on such Note, any reductions in the Note Outstanding Amount made in accordance with this Agreement.


More Definitions of Note Outstanding Amount

Note Outstanding Amount means, as of any date, the aggregate principal amount of the applicable Outstanding Notes, reduced by all payments of principal made in respect thereof on or prior to such date.
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