Aggregate Note Principal Amount definition

Aggregate Note Principal Amount. With respect to the close of a Distribution Date, the sum of the aggregate outstanding principal amount for all Classes of Notes.
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Aggregate Note Principal Amount. Denomination of this Note: $1,290,500,000 $ HOUSEHOLD HOME EQUITY LOAN TRUST 2002-2 CLOSED-END HOME EQUITY LOAN ASSET BACKED NOTES, SERIES 2002-2 HOUSEHOLD HOME EQUITY LOAN TRUST 2002-2, a business trust organized and existing under the laws of the State of Delaware (herein referred to as the "Trust"), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of $____________ payable on each Payment Date in an amount equal to the result obtained by multiplying (i) a fraction the numerator of which is the initial Note Principal Amount of this Note and the denominator of which is the Note Principal Amount of all Notes by (ii) the aggregate amount, if any, payable from the Collection Account in respect of principal on the Note pursuant to Section 5.01 of the Sale and Servicing Agreement dated June 20, 2002 (the "Sale and Servicing Agreement"), among the Trust, HFC Revolving Corporation, as Depositor (the "Depositor"), Household Finance Corporation, as Master Servicer ("HFC"), and Bank One, National Association, a national banking association, as Indenture Trustee (the "Indenture Trustee"); provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the earliest to occur of (i) the Payment Date occurring in April 2032 (the "Final Payment Date"), (ii) the Redemption Date or (iii) the date on which an Event of Default under the Indenture dated June 20, 2002, between the Trust and the Indenture Trustee shall have occurred and be continuing, if the Indenture Trustee or the Holders of Notes representing not less than 66-2/3% of the Outstanding Amount of the Notes with the consent of the Insurer (so long as no Insurer Default has occurred and is continuing) have declared the Notes to be immediately due and payable in the manner provided in Section 5.2 of the Indenture. Capitalized terms used but not defined herein are defined in Article I of the Indenture, which also contains rules as to construction that shall be applicable herein. The Trust will pay interest on this Note at the rate per annum described in the Sale and Servicing Agreement with respect to the Note on the Note Principal Amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date) on each Payment Date until the principal of this Note is paid or made available for payment in full. Interest on this Note will accrue for each Payment Date d...
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Aggregate Note Principal Amount means the aggregate of all Note Principal Amounts.
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Examples of Aggregate Note Principal Amount in a sentence

  • However, if on any Calculation Date the amounts standing to the credit of the Class A1 Cash Accumulation Ledger exceed the amount required to fully pay the Aggregate Note Principal Amount Outstanding of the Class A1 Notes on the immediately following Payment Date, such excess shall be available on such Payment Date for application towards payment of other items in the applicable Priority of Payments.

  • See Condition 7.5 (Early Redemption).In the event that the Issuer is required by law to deduct or withhold any taxes with respect to any payment under the Notes, the Notes may, at the option of the Issuer and subject to certain conditions, be redeemed in full at their then Aggregate Note Principal Amount Outstanding, together with accrued but unpaid interest (if any) to the Payment Date fixed for redemption.

  • On any Payment Date on which the Aggregate Note Principal Amount Outstanding of all Notes has been reduced to less than 10 per cent.

  • Even though the transaction is structured in a way to ensure that the Aggregate Principal Balance (together with the amount standing to the credit of the Replenishment Shortfall Account) is equal to the Aggregate Note Principal Amount of all Classes of Notes, there is no security that a specific collateralisation level is achieved at the Closing Date or maintained thereafter.

  • Subordinated Loan The Subordinated Loan Provider has made available to the Issuer on or prior to the Purchase Date an advance in the principal amount of PLN 411,776,438.43 which has been utilised to (i) pay the part of the purchase price of the Portfolio not covered by the Initial Aggregate Note Principal Amount, and(ii) for the purpose of funding the Reserve Account (up to the amount of the Required Liquidity Reserve Amount).

  • The Aggregate Note Principal Amount Outstanding including the Additional Principal Amount requested will not exceed the Total Facility Limit and the Aggregate Regency Note Principal Amount Outstanding including the Additional Principal Amount requested will not exceed the Facility Limit.

  • Final Redemption On the Legal Maturity Date, the Issuer shall, subject to the applicable Priority of Payments, redeem the then Aggregate Note Principal Amount of the Notes.

  • The General Manager, or the Director/designee, may approve complimentary green fees and carts for the purposes of generating significant future revenues for the Golf Course.


More Definitions of Aggregate Note Principal Amount

Aggregate Note Principal Amount means, as of any date, the aggregate of the Class A Principal Amount and the Class B Principal Amount as of such date;
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Aggregate Note Principal Amount means, with respect to the close of a Distribution Date, the sum of the aggregate Outstanding Amount for all Classes of P&I Notes.
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Related to Aggregate Note Principal Amount

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

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Aggregate Noteholders’ Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the Noteholders’ Regular Principal Distributable Amount as of such Distribution Date and (ii) the Aggregate Noteholders’ Priority Principal Distributable Amount as of such Distribution Date.