MAXIMUM NOTE PRINCIPAL BALANCE Sample Clauses

MAXIMUM NOTE PRINCIPAL BALANCE. The Maximum Note Principal Balance with respect to the Notes shall be $600,000,000.
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MAXIMUM NOTE PRINCIPAL BALANCE. The Company will not purchase any Lease on any Lease Purchase Date unless, after giving effect thereto, the Assumed Longest Amortization of all Leases included in the Trust Property will not result in the Note Principal Balance of the Notes on any date exceeding the amount specified for such date in Schedule I to this Indenture (an "Over-Issuance Condition"). For purposes of this Section, "Assumed Longest Amortization" means the amortization of the Principal Balance of the Leases assuming that (i) no Lease is or becomes a Defaulted Lease and (ii) no prepayment occurs on any Lease, (iii) no Lease is subject to repurchase by the Seller or purchase by the Servicer pursuant to the Sale and Servicing Agreement and (iv) the payment schedule for each Lease is extended for three months immediately after giving effect to the purchase of such Lease by the Company.
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Related to MAXIMUM NOTE PRINCIPAL BALANCE

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Pool Balance 1. Pool Balance on the close of the last day of the preceding Collection Period $

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

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