Class A-1 Note Principal Balance definition

Class A-1 Note Principal Balance. As of any date of determination, the Original Note Principal Balance of the Class A-1 Notes less any amounts actually paid with respect to principal thereon on all prior Payment Dates.

Class A-1 Note Principal Balance means, at any time, the Initial Class A-1 Note Principal Balance minus all payments theretofore received by the Class A-1 Noteholders on account of principal.

Class A-1 Note Principal Balance. As of any time of determination, the Original Class A-1 Note Principal Balance, less any amounts actually distributed as principal to the Class A-1 Notes on all prior Payment Dates.

Examples of Class A-1 Note Principal Balance in a sentence

• Average Class A-1 Note Principal Balance: For any period, an amount equal to the result of (a) the aggregate of the Class A-1 Note Principal Balance for each day during that period divided by (b) the number of days in that period.

• The amount of Principal Receivables in the Trust represented by the Class A-1 Note Principal Balance on the last day of the related Monthly Period ..................

• As provided in the Indenture, the Class A-1 Notes may be redeemed pursuant to Section 10.1 of the Indenture, in whole, but not in part, at the option of the Sponsor (with the consent of the Insurer under certain circumstances), on any Payment Date after the Payment Date on which the Class A-1 Note Principal Balance is less than or equal to 10% of the Original Class A-1 Note Principal Balance, after taking into account all distributions made on such Payment Date.

• The aggregate notional amount under the Class A-1 Swap shall, at any time, be equal to the Class A-1 Note Principal Balance at such time.

• The amount of Principal Receivables in the Trust represented by the Class A-1 Note Principal Balance on the last day of the related Monthly Period ................

More Definitions of Class A-1 Note Principal Balance

Class A-1 Note Principal Balance means, on any date, (a) the total amount of Class A-1 Note Principal Balance Increases made on or prior to such date, minus (b) the total amount of principal payments made on the Class A-1 Notes on or prior to such date.

Class A-1 Note Principal Balance. The Class Note Balance for the Class A-1 Notes.

Class A-1 Note Principal Balance. As of any date, the Class A[-1] Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A[-1] Noteholders on or prior to such date.

Class A-1 Note Principal Balance means, on any date, (a) the Class A-1 Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class A-1 Notes on or prior to such date[, including, for the avoidance of doubt, principal payments consisting of Series Pre-Funding Proceeds].]

Class A-1 Note Principal Balance. As of any date, the Class A-1 Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A-1 Noteholders on or prior to such date.

Class A-1 Note Principal Balance. As of any time of determination, the Original Aggregate Principal Balance of the Class A-1 Notes less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates.

Class A-1 Note Principal Balance means with respect to any Class A-1 Note as of any date of determination, an amount equal to the excess, if any, of (x) the initial principal balance of such Class A-1 Note as of the Series 2014-2 Closing Date, over (y) the cumulative amount of all Class A-1 Minimum Principal Payment Amounts, Class A-1 Scheduled Principal Payment Amounts and any other principal payments (including Prepayments) actually paid to the related Class A-1 Noteholder subsequent to the Series 2014-2 Closing Date.