Common use of Note Balance Write-Down Amounts Clause in Contracts

Note Balance Write-Down Amounts. The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied to the Adjusted Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Note Balance of the Class B Notes is reduced to zero. The application of the Note Balance Write-Down Amount to the Class B Notes shall not reduce such Class’ entitlement to unpaid Principal Distribution Amounts.

Appears in 9 contracts

Samples: Indenture (BBX Capital Corp), Indenture (BFC Financial Corp), Indenture (BBX Capital Corp)

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Note Balance Write-Down Amounts. The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied first to the Adjusted Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Outstanding Note Balance of thereof is reduced to zero and second to the Class B A Notes until the Outstanding Note Balance thereof is reduced to zero. The application of the any Note Balance Write-Down Amount shall not affect the right of each Noteholder to receive all payments of principal and interest to be made with respect to the Class B Notes shall not reduce such Class’ entitlement to unpaid Principal Distribution AmountsNotes.

Appears in 5 contracts

Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Parent, LLC)

Note Balance Write-Down Amounts. The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied first to the Adjusted Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Outstanding Note Balance of thereof is reduced to zero and second to the Class B A Notes until the Outstanding Note Balance thereof is reduced to zero. The application of the any Note Balance Write-Down Amount shall not affect the right of each Noteholder to receive all payments of principal and interest to be made with respect to the Class B Notes shall not reduce such Class’ entitlement to unpaid Principal Distribution Amounts.Notes. ARTICLE IV

Appears in 1 contract

Samples: Indenture (Diamond Resorts International, Inc.)

Note Balance Write-Down Amounts. The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied first to the Adjusted Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Outstanding Note Balance of thereof is reduced to zero and second to the Class B A Notes until the Outstanding Note Balance thereof is reduced to zero. The application of the any Note Balance Write-Down Amount shall not affect the right of each Noteholder to receive all payments of principal and interest to be made with respect to the Class B Notes shall not reduce such Class’ entitlement to unpaid Principal Distribution Amounts.Notes. KL2 2868730.8

Appears in 1 contract

Samples: Indenture (Diamond Resorts International, Inc.)

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Note Balance Write-Down Amounts. The Note Balance Write-Down Amount, if any, on each Payment Date shall only be applied first, to the Adjusted Class D Notes until the Outstanding Note Balance of the Class B Notes immediately following the distribution of Available Funds until the Adjusted Note Balance of the Class B Notes thereof is reduced to zero. The application of ; second, to the Class C Notes until the Outstanding Note Balance Write-Down Amount thereof is reduced to zero; third, to the Class B Notes shall not reduce such Class’ entitlement until the Outstanding Note Balance thereof is reduced to unpaid Principal Distribution Amountszero; and fourth, to the Class A Notes until the Outstanding Note Balance thereof is reduced to zero.

Appears in 1 contract

Samples: Indenture (Sunterra Corp)

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