Note Principal Balance definition

Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.
Note Principal Balance means, (i) with respect to Note A-1, the Note A-1 Principal Balance and (ii) with respect to Note A-2, the Note A-2 Principal Balance.

Examples of Note Principal Balance in a sentence

  • Required Reserve Account Amount (.50% of Note Principal Balance beginning on Reserve Account Funding Date)0.00c.

  • Amount by which Note Principal Balance exceeds Collateral Amount N/A k.

  • The Class B Note Principal Balance at the close of business on such Distribution Date (after giving effect to all payments and adjustments on such Distribution Date) will be equal to.

  • Amount by which Note Principal Balance exceeds Collateral Amount N/A m.

  • The Class E Note shall be issued in fully registered form in a principal amount equal to the Class E Note Principal Balance.


More Definitions of Note Principal Balance

Note Principal Balance. With respect to a class of Notes and any Distribution Date, the aggregate principal balance of such class of Notes, reduced by all previous payments to the Noteholders of such class in respect of principal of such Notes.
Note Principal Balance for any Payment Date and Class of Notes means (a) the related Original Note Principal Balance less (b) the aggregate of amounts actually distributed as principal on the Class of Notes before the Payment Date.
Note Principal Balance means, at any time of determination, the sum of the Class A Note Principal Balance and the Class B Note Principal Balance.
Note Principal Balance. As to any particular Note and date of determination, the product of the Percentage Interest evidenced thereby and the aggregate principal balance of all Notes of the same Class as of such date of determination. The Trust Certificates do not have a "Note Principal Balance".
Note Principal Balance means (i) on the 2015-2 Closing Date, $1,000,240,000, and (ii) on any other date, an amount equal to the excess, if any, of (a) the Note Principal Balance on the 2015-2 Closing Date, over (b) the aggregate amount of all Noteholders’ Principal Distributable Amounts and other payments of principal in respect of the Notes, in each case, made on Payment Dates pursuant to the Indenture through and including such date.