Examples of Senior Principal Payment Amount in a sentence
Payments to the Senior Bondholders provided for in (b) of this Section 2.03 shall be paid, on each Payment Date after the Subordinated Class Principal Amount and the Invested Amount have been reduced to zero and where the Senior Interest Payment Amount and the Senior Principal Payment Amount exceed the Available Funds, by the Bond Insurer.
Instead, an amount equal to the Senior Principal Payment Amount will be paid to the Class A Notes remaining pro rata in accordance with their respective outstanding note balances.
In the event that the Class M Notes have been reduced to zero while any Class A Note is outstanding, all priorities relating to Senior Principal Payment Amount referenced above will be disregarded.
Group For any Distribution Date on or after the Stepdown Date, the product of Allocation Amount: (a) the Senior Principal Payment Amount for that Distribution Date and (b) a fraction, the numerator of which is the Principal Remittance Amount derived from the related loan group and the denominator of which is the Principal Remittance Amount for both loan groups, in each case for that Distribution Date (as described in the prospectus supplement).
For each Principal Payment Date, the aggregate amount of each installment of principal due and payable on the Senior Bonds will be equal to the Senior Principal Payment Amount for such Payment Date.