Maximum Note Principal Balance definition

Maximum Note Principal Balance. As defined in Section 1.01 of the Note Purchase Agreement.

Maximum Note Principal Balance has the meaning set forth in the Pricing Letter.

Maximum Note Principal Balance means with respect to each Purchased Note, the amount set forth on Schedule A for such Purchased Note.

Examples of Maximum Note Principal Balance in a sentence

• The Maximum Note Principal Balance with respect to the Notes shall be $600,000,000.

• At the Closing, the Issuer shall deliver the Note with an aggregate maximum principal amount equal to the Maximum Note Principal Balance to the Note Agent on behalf of the Purchasers.

• At any time during the Revolving Period, to the extent that the aggregate Note Principal Balance (after giving effect to the proposed purchase) is less than the Maximum Note Principal Balance, and subject to the terms and conditions hereof and in accordance with the other Basic Documents, the Issuer may request that the Purchaser purchase Additional Note Principal Balances (each such request, a “Purchase Request”).

• Increases and Decreases in the Note Principal Balance; Decreases in the Maximum Note Principal Balance....................................

• Increases and Decreases in the Note Principal Balance; Decreases in the Maximum Note Principal Balance.....................................

More Definitions of Maximum Note Principal Balance

Maximum Note Principal Balance means an amount equal to Six Hundred Eight Million Dollars ($608,000,000), less (i) the aggregate outstanding Note Principal Balance of the Purchased Notes, less (ii) any reductions pursuant to Section 2.05 of the Sale and Servicing Agreement; provided that upon the earlier to occur of July 31, 2004 or the completion of a Securitization of any or all of the Loans, an amount equal to Four Hundred Million Dollars ($400,000,000), less (i) the aggregate outstanding Note Principal Balance of the Purchased Notes, less (ii) any reductions pursuant to Section 2.05 of the Sale and Servicing Agreement.

Maximum Note Principal Balance. $___________________________ Initial Percentage Interest: ________% No.________ OPTION ONE OWNER TRUST 2003-4 MORTGAGE-BACKED NOTES OPTION ONE OWNER TRUST 2003-4, a Delaware statutory trust (the "Issuer"), for value received, hereby promises to pay to_____________________, or registered assigns (the "Noteholder"), the principal sum of__________________ ($_________) or so much thereof as may be advanced and outstanding hereunder and to pay interest on such principal sum or such part thereof as shall remain unpaid from time to time, at the rate and at the times provided in the Sale and Servicing Agreement and the Indenture. Principal of this Note is payable on each Payment Date in an amount equal to the result obtained by multiplying (i) the Percentage Interest of this Note by (ii) the principal amount distributed in respect of such Payment Date.

Maximum Note Principal Balance means (i) from October 31, 2004 through November 30, 2004, $1,500,000,000 and (ii) thereafter, $1,000,000,000, in each case, as such amount may be increased or decreased in accordance with the terms of this Agreement.

Maximum Note Principal Balance means, an amount equal to $4,000,000,000, less any reductions pursuant to Section 2.06 of the Sale and Servicing Agreement.

Maximum Note Principal Balance. For any Series of Notes, as set forth in the related Indenture Supplement.

Maximum Note Principal Balance means an amount equal to $1,000,000,000.

Maximum Note Principal Balance means, an amount equal to $2,002,000,000, less any reductions pursuant to Section 2.06 of the Sale and Servicing Agreement.