Principal Amount Notes definition

Principal Amount Notes has the meaning given to it in the Adoption Annex.
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Principal Amount Notes are the Class A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in April 2017. The percentage of the aggregate Original Note Principal Balance of the Insured Notes that the aggregate of all draws under the Policy would exceed to result in a "Rapid Amortization Event" under Section 5.16(g) is 1.00%.
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Principal Amount Notes are the Class 1-A Notes and Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in April 2011. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date.
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Examples of Principal Amount Notes in a sentence

  • Notwithstanding any other provisions in this Indenture, every Noteholder has an absolute and unconditional right to receive payment of the principal of the Principal Amount Notes and interest on the Interest Bearing Notes and other amounts payable on its Note after their due dates (or, in the case of redemption, after the redemption date) and to institute suit for the enforcement of any payment, and this right shall not be impaired without the consent of the Holder.

  • The Issuer will duly and punctually pay the principal of the Principal Amount Notes and interest on the Interest Bearing Notes and other amounts payable on the Notes in accordance with the terms of the Notes and this Indenture.

  • Following notice of redemption as required by Section 10.02, on the redemption date the Principal Amount Notes shall become payable at the redemption price and (unless the Issuer defaults in the payment of the redemption price) no interest shall accrue on the redemption price for any period after the date to which accrued interest is calculated for purposes of calculating the redemption price.

  • Notice of redemption under Section 10.01 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile or other reliable electronic means (promptly confirmed by mail) to each Holder of Principal Amount Notes and to the Credit Enhancer as of the close of business on the Record Date preceding the redemption date, at the Holder's address or facsimile number appearing in the Note Register.

  • The redemption price for each Class of Principal Amount Notes shall be the Note Principal Balance for that Class plus accrued aggregate Note Interest for that Class through the day before the redemption date plus interest accrued on the aggregate Unpaid Investor Interest Shortfall for that Class of Notes, to the extent legally permissible.

  • If the Issuer does not exercise this option to redeem the Principal Amount Notes, the Credit Enhancer, with the consent of the Issuer (which consent may not be unreasonably withheld), may require the Issuer to redeem all Classes of Principal Amount Notes if the Credit Enhancer provides the funds required by Section 10.01(b).

  • On the Scheduled Maturity Date the Indenture Trustee shall distribute to the Holders of the Principal Amount Notes all Principal Collections up to the Note Principal Balance.

  • The redemption price for the Principal Amount Notes shall be the Note Principal Balance plus accrued aggregate Note Interest through the day before the redemption date plus interest accrued on the aggregate Unpaid Investor Interest Shortfall, to the extent legally permissible.

  • On each Payment Date on or after the occurrence of a Rapid Amortization Event the Indenture Trustee shall distribute out of the Payment Account to the Holders of the Principal Amount Notes the Investor Principal Collections until the Note Principal Balance is reduced to zero.

  • This Agreement may also be amended from time to time by the Sponsor, the Master Servicer, the Depositor, the Owner Trustee, and the Indenture Trustee, with the consent of the Credit Enhancer (which consent shall not be unreasonably withheld) and Holders of not less than 66?% of the aggregate Outstanding Amount of the Principal Amount Notes.


More Definitions of Principal Amount Notes

Principal Amount Notes means the Note Interest for that Class of Principal Amount Notes for the Payment Date and the related Unpaid Investor Interest Shortfall (other than any Basis Risk Carryforward) for the Payment Date.
Sample 1Sample 2
Principal Amount Notes are the Class 1-A Notes and the Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in January 2011. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee. The "Scheduled Maturity Date" is the Payment Date in February 2036. The "Servicing Fee Rate" is 0.50% per annum.
Sample 1Sample 2
Principal Amount Notes means the amount of Available Interest Collections for the related Loan Group applied on that Payment Date as a payment of principal to decrease the Note Principal Balance of that Class of Principal Amount Notes until the difference between the Loan Group Balance of the related Loan Group and the Note Principal Balance of that Class of Principal Amount Notes is an amount equal to the related Required Transferor Subordinated Amount for the Payment Date.
Sample 1
Principal Amount Notes are the Class A Xxxes and the Subordinate Notes.
Sample 1
Principal Amount Notes are the Class 1-A Notes and the Class 2-A Notes. The Payment Date referred to in the definition of "Rapid Amortization Commencement Date" is the Payment Date in January 2011. The percentage of the aggregate of the Original Note Principal Balance that the aggregate of all draws under both Policies would exceed to result in a "Rapid Amortization Event" under Section 5.16(g) is 1.85%. The "Record Date" for a Payment Date or redemption date for Book-Entry Notes (other than the Class A-IO Notes) is the close of business on the day before the Payment Date or redemption date. The record date for the Class A-IO Notes and for definitive Notes is the last day of the preceding month before the Payment Date or redemption date. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee. The "Scheduled Maturity Date" is the Payment Date in February 2036. The "Servicing Fee Rate" is 0.50% per annum.
Sample 1

Related to Principal Amount Notes

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Principal Amount at Maturity of a Security means the Principal Amount at Maturity as set forth on the face of the Security.

  • Principal Amount of this Note at any time means (1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter defined) at such time (as defined in Section 3(c) on the reverse hereof) and (2) in all other cases, the Principal Amount hereof. Capitalized terms not otherwise defined herein shall have their meanings set forth in the Indenture, dated as of the date of the Pricing Supplement (the “Indenture”), between Citibank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. This Note will mature on the Stated Maturity Date, unless its principal (or any installment of its principal) becomes due and payable prior to the Stated Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date prior to the Stated Maturity Date on which this Note becomes due and payable, as the case may be, is referred to as the “Maturity Date”). A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal Amount thereof by a percentage that is equal to or greater than 0.25% multiplied by the product of the principal amount of the Notes and the number of full years to the Stated Maturity Date. Unless otherwise specified above, the interest payable on each Interest Payment Date or the Maturity Date will be the amount of interest accrued from and including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be. Unless otherwise specified above, the interest payable on any Interest Payment Date will be paid to the Holder on the Regular Record Date for such Interest Payment Date, which Regular Record Date shall be the fifteenth (15th) calendar day, whether or not a Business Day, immediately preceding the related Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to whom principal shall be payable; and provided, further, that unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Original Issue Date and ending on such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date. Payments of principal of, and premium, if any, and interest and other amounts due and owing, if any, will be made through the Indenture Trustee to the account of DTC or its nominee and will be made in accordance with depositary arrangements with DTC. Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs imposed by banks in making payments in immediately available funds by the Trust. Unless otherwise specified on the face hereof, any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof. REFERENCE IS HXXXXX MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or obligatory for any purpose.

  • Accreted Principal Amount for the Class A-2 Certificates means for each six month period from and including each date specified in Schedule II hereof to but excluding the next such date, the amount specified in Schedule II as the "Ending Balance" for such beginning date.

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Class P Principal Amount As of the Closing Date, $100.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-2 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Tranche A Notes is defined in Section 1.1.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Initial Dollar Principal Amount means $1,000,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.

  • Stated Principal Amount means $1,000,000,000 or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09.

  • Certificate Principal Amount With respect to any Certificate, at the time of determination, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) all Realized Losses allocated to such Certificate; and (iii) in the case of a Subordinate Certificate, any Subordinate Certificate Writedown Amount allocated to such Certificates. Notwithstanding the foregoing, on any Distribution Date relating to a Due Period in which a Subsequent Recovery has been received by the Servicer, the Certificate Principal Amount of any Class of Certificates then outstanding for which any Realized Loss or any Subordinate Certificate Writedown Amount has been applied will be increased, in order of seniority, by an amount equal to the lesser of (i) the amount such Class of Certificates has been written down in respect of Realized Losses or Subordinate Certificate Writedown Amounts, to the extent not previously offset by increases in Certificate Principal Amount pursuant to this sentence and (ii) the total of any Subsequent Recovery distributed on such date to the Certificateholders (reduced (x) by the amount of the increase in the Certificate Principal Amount of any more senior Class of Certificates pursuant to this sentence on such Distribution Date and (y) to reflect a proportionate amount of the increase in the Certificate Principal Amount of any pari passu Class of Certificates on such Distribution Date pursuant to this sentence). For purposes of Article V hereof, unless specifically provided to the contrary, Certificate Principal Amounts shall be determined as of the close of business of the immediately preceding Distribution Date, after giving effect to all distributions made on such date.

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Notional Principal Amount For calculating interest payments, on each Class of outstanding Interest Only MAC Notes as of any Payment Date, an amount equal to the outstanding Class Principal Balance as of such Payment Date of the portion of the related Class of Class M Notes that was exchanged for such Interest Only MAC Note.