Aggregate Note Principal Balance definition

Aggregate Note Principal Balance. With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

Aggregate Note Principal Balance means the sum of the Note A-1 Principal Balance and the Note A-2 Principal Balance.

Aggregate Note Principal Balance means, as of any date, the aggregate outstanding principal amount of all the Notes on such date.

Examples of Aggregate Note Principal Balance in a sentence

• So long as the Aggregate Note Principal Balance is greater than zero and the Indenture has not been discharged in accordance with its terms, the Indenture Trustee, and thereafter, the Owner Trustee.

• As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and (ii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such Distribution Date.

• As of any Payment Date, the condition that exists if (i) the Aggregate Note Principal Balance (calculated after giving effect to any principal payments to be paid on such Payment Date) exceeds (ii) the Asset Base.

• The condition existing as of any date of determination, if the then Aggregate Note Principal Balance would exceed the Borrowing Base.

• All other payments received by the Agent from, or on behalf of, the Borrower hereunder shall, unless specifically attributable to the Agent or a Lender or otherwise provided herein, be applied on a pro rata basis among the Lenders based upon the proportion of outstanding Credit Loans of each Lender to the Aggregate Note Principal Balance.

More Definitions of Aggregate Note Principal Balance

Aggregate Note Principal Balance. As of any date of determination, an amount equal to the sum of the then unpaid principal balance of all Series of Notes then Outstanding.

Aggregate Note Principal Balance. For any date of determination and any Series, the sum of the Class Principal Balances of each Class of Notes of such Series.

Aggregate Note Principal Balance means, as of any date of determination, the aggregate of the Class A Note Principal Balance and the Class B Note Principal Balance Outstanding on such date of determination.

Aggregate Note Principal Balance means, collectively, the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance.

Aggregate Note Principal Balance. As defined in the Indenture.

Aggregate Note Principal Balance. As of any date of determination, an amount equal to the sum of the then unpaid principal balances of all Series of Notes then Outstanding. Ancillary Fees: All fees paid to and received by the Manager under Lease Agreements for drop-off, pick-up or repositioning charges, handling fees, repair payments and repair insurance fees which are attributable to the Managed Containers. Applicable Law: With respect to any Person or Managed Container, all existing laws, rules, regulations (including proposed, temporary and final income tax regulations), statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and interpretations by any Governmental Authority and judgments, decrees, injunctions, writs, or orders of any court, arbitrator or other administrative, judicial, or quasi judicial tribunal or agency of competent jurisdiction applicable to such Person or Managed Container. Asset Base: As of any Determination Date for each Series of Notes, the amount identified as such in the related Supplement. Asset Base Certificate: A certificate with appropriate insertions setting forth the components of the Asset Base, as of the last day of the month for which such certificate is submitted, which certificate shall be substantially in the form attached to the Indenture and shall be certified by an Authorized Signatory of the Manager. Asset Base Deficiency: With respect to any Series, an “Asset Base Deficiency” (if any) identified in the related Supplement. Asset Base Eligible Container: Any Managed Container that, as of any date of determination, is subject to the Lien of the Indenture and that complies as of such date with each of the following requirements: (i) No Sanctioned Person or Sanctioned Country. Such Container is not then on lease to a Sanctioned Person or, according to the records of the Issuer or the Manager, is not subleased to a Sanctioned Person or located, operated or used in a Sanctioned Country unless it is used pursuant to a license granted by OFAC; and (ii)

Aggregate Note Principal Balance. With respect to the close of business on a Distribution Date, the sum of the Note Principal Balances for all classes of CARAT 20__-SN_ Notes.