Note Principal Payment definition

Note Principal Payment means the principal amount redeemable from time to time on each Note in accordance with the Conditions;

Note Principal Payment has the meaning indicated in Condition 5(C);

Note Principal Payment means, on any Interest Payment Date:

Examples of Note Principal Payment in a sentence

• If no Note Principal Payment is due to be made on the Notes in relation to any class on any Notes Payment Date, a notice to this effect will be given to the Noteholders in accordance with Condition 20 (Notices) by not later than three Business Days prior to such Notes Payment Date.

• Each calculation by or on behalf of the Issuer of any Note Principal Payment, the Principal Amount Outstanding and the Notional Principal Amount Outstanding of a Note of each Class shall in each case (in the absence of any wilful default, fraud, illegal dealing, negligence or material breach of any agreement or breach of trust by such person and/or manifest error) be final and binding on all persons.

• The principal amount (the "Note Principal Payment") which is required to be repaid in respect of each Note on any Note Payment Date shall be that Note's pro rata share of the aggregate amount required to be applied in redemption of the Notes on such Note Payment Date, provided that no Note Principal Payment may exceed the Principal Balance of the related Note.

• Each calculation by or on behalf of the Issuer of any Note Principal Payment, the Principal Amount Outstanding and the Notional Principal Amount Outstanding of a Note of each Class shall in each case (in the absence of any wilful default, fraud, illegal dealing, negligence or material breach of any agreement or breach of trust by the Issuer and/or manifest error) be final and binding on all persons.

• Each determination by or on behalf of the Issuer of any Note Principal Payment, the Principal Amount Outstanding of a Note and the Pool Factor shall in each case (in the absence of wilful default, bad faith or manifest error) be final and binding on all persons.

More Definitions of Note Principal Payment

Note Principal Payment has the meaning set out in Condition 5.3 (Note Principal Payments and Principal Amount Owing);

Note Principal Payment means the amount of each principal payment payable on each Note;

Note Principal Payment means, any payment to be made or made by the Issuer in accordance with Condition 8.2 (Pro-Rata Mandatory Redemption in part of Class A to D Notes), Condition 8.3 (Sequential Mandatory Redemption in part of Class A to D Notes), Condition 8.4 (Post-Enforcement Sequential Mandatory Redemption of the Notes), Condition 8.5 (Mandatory Redemption in part of Class E Notes) and Condition 8.6 (Mandatory Redemption in whole of Class F Notes);

Note Principal Payment means the note principal amount of each note as determined in accordance with Condition 5(C) (Note Principal Payments, Principal Amount Outstanding and Pool Factor);

Note Principal Payment. With respect to each Payment Date and each Note, the amount of principal then due as set forth under the heading “Principal” on a Schedule to such Note, plus all amounts remaining in the Issuer Collection Account after the distributions described in clauses (i)-(v) of Section 14.1(a) of the Security Agreement have been made with respect to any Receivables deposited to the Issuer Collection Account in the related Collection Period derived from a Material License Agreement securing such Note as to which a Renewal Trigger Event has occurred.

Note Principal Payment has the meaning given to it in Condition 4.3;

Note Principal Payment. With respect to each Payment Date and each Note, the amount of principal then due as set forth under the heading “Principal” on a Schedule to such Note, plus all amounts remaining in the Issuer Collection Account after distributions described in clauses (i) - (v) of Section 14.1(a) of the Security Agreement have been made with respect to any Receivables deposited into the Issuer Collection Account in the related Collection Period derived from a Material License Agreement securing such Note as to which a Renewal Trigger Event has occurred; provided, however, that with respect to the Factory Note, the amount of principal due as set forth under the heading “Principal” on the Schedule to the Factory Note shall be reduced by an amount equal to payments made pursuant to Section 14.1(a)(vii) on the previous Payment Date.