Aggregate Note Balance. NOTE RATE: [____]% (Subject to $_____________________ Available Funds Rate) INITIAL NOTE BALANCE OF THIS BOND: BOND NO. 1 $____________________ PERCENTAGE INTEREST: 100% CUSIP NO. [ ] Origen Manufactured Housing Contract Trust 2004-A (the "Issuer"), a Delaware statutory trust, for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of ($_________________) in monthly installments on the fifteenth day of each month or, if such day is not a Business Day, the next succeeding Business Day (each a "Payment Date"), commencing in March 2004 and ending on or before the Payment Date occurring on the Final Stated Maturity Date and to pay interest on the Note Balance of this Note (this "Note") outstanding from time to time as provided below. This Note is one of a duly authorized issue of the Origen Manufactured Housing Contract Trust Notes, Series 2004-A (the "Notes"), issued under an Indenture dated as of February 1, 2004 (the "Indenture"), between the Issuer and JPMorgan Chase Bank, as indenture trustee (the "Indenture Trustee", which term includes any successor Indenture Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuer, the Indenture Trustee, the Owner Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. Payments of principal and interest on this Note will be made on each Payment Date to the Noteholder of record as of the related Record Date. The "Note Balance" of a Note as of any date of determination is equal to the initial Note Balance thereof, reduced by the aggregate of all amounts previously paid with respect to such Note on account of principal on all prior Payment Dates. All principal and interest accrued on the Notes, if not previously paid, will become finally due and payable at the Final Stated Maturity Date. The Notes are subject to redemption in whole, but not in part, by the Servicer on any Payment Date on or after the Payment Date on which the Pool Principal Balance of the Contracts as of the end of the prior Due Period is less than or equal to 20% of the aggregate Principal Balance of the Contracts as of Cut-off Date. The Issuer shall not be liable upon the indebtedness evidenced by the Notes except to ...
Aggregate Note Balance means, as of any date of determination, the sum of the Class A Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance and the Class E Note Balance.
Aggregate Note Balance equals at all times, the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance.
Examples of Aggregate Note Balance in a sentence
The Indenture Trustee shall upon Issuer Request authenticate and deliver Notes for original issue in an amount equal to the Initial Aggregate Note Balance.
After giving effect to such Advance, the Aggregate Note Balance will be $230,000,000, PNC’s Note Balance will be $147,200,000 and SunTrust’s Note Balance will be $82,800,000.
After giving effect to such Advance, the Aggregate Note Balance will be [$ ].
Aggregate Note Balance as of the End of the prior Payment Date $ 915,192,453 E.
The last sentence of Section 2.04 of the Note Purchase Agreement is hereby amended by adding the following proviso at the end of such sentence: provided, that beginning on the Settlement Date in March 2009, upon receipt of notice of any Borrowing Base Deficiency, the Trust shall pay down the Aggregate Note Balance in an amount necessary to fully remedy such Borrowing Base Deficiency.
More Definitions of Aggregate Note Balance
Aggregate Note Balance means, as of any date of determination, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance and the Class A-4 Note Balance.
Aggregate Note Balance means the sum of (i) the Note Balance for the Class A Notes, (ii) the Note Balance for the Class B Notes, (iii) the Note Balance for the Class C Notes, (iv) the Note Balance for the Class D Notes, (v) the Note Balance for the Class E Notes and (iv) the Note Balance for the Class F Instrument, if any.
Aggregate Note Balance means, as of any date of determination, the total unpaid principal and accrued and unpaid interest evidenced by all of the Outstanding Notes.
Aggregate Note Balance means the aggregate principal amount of all Notes Outstanding at the date of determination after giving effect to all distributions of principal and Note Purchases on such date of determination.
Aggregate Note Balance means, with respect to any Series of Notes Outstanding, the amount specified in the applicable Series Supplement.
Aggregate Note Balance means, when used with respect to any date, an amount equal to the Outstanding Principal Amount plus the sum of (a) the amount of any principal payments made to the Series 2007-1 Noteholders on or prior to such date with the proceeds of a demand on the Surety Bond and (b) the amount of any principal payments made to Series 2007-1 Noteholders that have been rescinded or otherwise returned by the Series 2007-1 Noteholders for any reason.