Note Principal definition

Note Principal means on any date of determination the then outstanding principal amount of the Notes.

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Note Principal means the principal payable in respect of the Notes of any Series pursuant to Article 5.

Note Principal means the principal payable in respect of the Senior Notes of any Series pursuant to Article 5.

Examples of Note Principal in a sentence

• If any such acceleration of maturity occurs prior to the payment of the entire unpaid Note Principal Balance of the Notes, the amount payable to the Holder of this Note will be equal to the sum of the unpaid Note Principal Balance of the Notes, together with accrued and unpaid interest thereon as described in the Indenture.

• The Notes are exchangeable for a like aggregate initial Note Principal Balance of Notes of different authorized denominations, as requested by the Holder surrendering same.

• The Lead Securitization Note Holder (or the Special Servicer on its behalf) shall notify the Holders in writing of any Appraisal Reduction Amounts and Collateral Deficiency Amounts calculated with respect to the Mortgage Loan and any allocation thereof to notionally reduce the Note Principal Balances of any Note.

• On the Closing Date and pursuant to an Issuer Order, the Registrar will execute and authenticate one or more Book-Entry Notes in an aggregate principal amount that shall equal the Initial Note Principal Balance.

• The Indenture also contains provisions permitting the Holders of Notes representing specified percentages of the aggregate Note Principal Balance of the Notes on behalf of the Holders of all the Notes, to waive any past Default under the Indenture and its consequences.

More Definitions of Note Principal

Note Principal means the outstanding principal amount of the Notes.

Note Principal means the principal amount of the Senior Secured Convertible Notes acquired by the Holder pursuant to the Subscription Agreement.

Note Principal means up to $120,000;

Note Principal means up to $520,000;

Note Principal means principal payable in respect of the Notes of any Series pursuant to Article IV as set forth in the Supplement related to such Series.

Note Principal. Amount: See Schedule I Attached Hereto No. B-2-1 CUSIP NO. 57634N BM 4 MASTER FINANCIAL ASSET SECURITIZATION TRUST 1998-2 CLASS B-2 10.02% HOME LOAN ASSET BACKED NOTES MASTER FINANCIAL ASSET SECURITIZATION TRUST 1998-2, a business trust organized and existing under the laws of the State of Delaware (herein referred to as the "Issuer"), for value received, hereby promises to pay to CEDE & CO. or registered assigns, the principal sum set forth on Schedule I attached hereto payable on each Payment Date in an amount equal to the result obtained by multiplying (i) a fraction the numerator of which is the initial principal amount of this Class B-2 Note and the denominator of which is the aggregate principal amount of all Class B-2 Notes by (ii) the aggregate amount, if any payable from the Note Payment Account in respect of principal on the Class B-2 Notes pursuant to Section 5.01(d) and (e) of the Sale and Servicing Agreement dated as of May 1, 1998; provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the earlier of (i) the applicable Maturity Date, (ii) the Termination Date, if any, pursuant to Section 11.01 of the Sale and Servicing Agreement or (iii) the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee at the direction of or with the prior written consent of the Majority Highest Priority Classes Noteholders has declared the Notes to be immediately due and payable in the manner provided in Section 5.02 of the Indenture. Capitalized terms used but not defined herein are defined in Article I of the Indenture (the "Indenture") dated as of May 1, 1998 between the Issuer and The Bank of New York, a national banking association, which also contains rules as to construction that shall be applicable herein. The Issuer will pay interest on this Note at the rate per annum shown above on each Payment Date until the principal of this Note is paid or made available for payment in full, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date); provided, however, that commencing on the first day of the month in which the Clean-up Call Date occurs, the rate of interest payable on this Note shall be increased by a per annum rate equal to 0.50%. Interest on this Note will accrue for each Payment Date during the calendar month preceding such Payment Date (each, an "Accrual Per...

Note Principal means up to $200,000;