Initial Note Balance definition

Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

Initial Note Balance means, as the context may require, (i) with respect to all of the Notes, $1,500,000,000, or (ii) with respect to any Note, an amount equal to the initial denomination of such Note.

Initial Note Balance means the initial principal amount of the Notes.

Examples of Initial Note Balance in a sentence

• Subject to Section 5.4, Notes of any Series or Class may be exchanged for other Notes of such Series or Class of any authorized denominations, of a like aggregate Initial Note Balance and Stated Maturity Date and of like terms, upon surrender of the Notes to be exchanged at the Place of Payment.

• The aggregate Initial Note Balance of Notes which may be authenticated and delivered and Outstanding under this Indenture is not limited.

• The Transferor shall have the right at its option (the “Optional Purchase”) to purchase the Transaction SUBI Certificate from the Issuer on any Payment Date upon 30 days’ prior notice to the Administrator or the Issuer if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Outstanding Note Balance is less than or equal to 10% of the Initial Note Balance.

• 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 and the aggregate amount of cumulative Realized Losses allocated to such Note on all prior Payment Dates.

• The net purchase price for the Notes, expressed as a percentage of the Initial Note Balance of the applicable class of Notes, shall be as set forth in Section 4 of the Terms Exhibit.

More Definitions of Initial Note Balance

Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

Initial Note Balance. For any Note or for any Class of Notes, the Note Balance of such Note upon the related Issuance Date as specified in the related Indenture Supplement.

Initial Note Balance means, as the context may require, with respect to (i) all of the Notes, $1,010,120,000 or (ii) any Note, an amount equal to the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note Balance, as the case may be.

Initial Note Balance means, with respect to each Note, the principal balance of such Note set forth on the Mortgage Loan Schedule.

Initial Note Balance. With respect to the Class A-l Notes, $49,000,000. With respect to the Class A-2 Notes, $42,300,000. With respect to the Class A-3 Notes, $16,100,000. With respect to the Class A-4 Notes, $21,600,000. With respect to the Class M-l Notes, $19,000,000. With respect to the Class M-2 Notes, $11,000,000. With respect to the Class B-1 Notes, $10,000,000. With respect to the Class B-2 Notes, $4,000,000.

Initial Note Balance means, for any Class of Notes, the Note Balance of such Class upon issuance, as set forth below:

Initial Note Balance. As set forth in Section 2.02 of the Indenture.