Class A-1 Principal Balance definition

Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

Class A-1 Principal Balance means, as to any Remittance Date, the Original Class A-1 Principal Balance less all amounts previously distributed to Holders of Class A-1 Certificates on account of principal.

Class A-1 Principal Balance means, for any Payment Date, the Original Class A-1 Principal Balance less all amounts previously distributed to Holders of Class A-1 Certificates in respect of principal.

Examples of Class A-1 Principal Balance in a sentence

• Any amounts remaining after reduction of the Class A-1 Principal Balance, Class A-2 Principal Balance and Class B Principal Balance to zero will be paid to the Holder of the Class R Certificate.

• Notwithstanding the foregoing, the aggregate amounts distributed on all Remittance Dates to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates, the Holders of the Class A-3 Certificates, the Holders of the Class A-4 Certificates on account of principal shall not exceed the Original Class A-1 Principal Balance, Original Class A-2 Principal Balance, Original Class A-3 Principal Balance or Original Class A-4 Principal Balance, as applicable.

• The agreements in this subsection shall survive the payment of the obligations under this Agreement, including the Class A-1 Principal Balance.

• The Policy will cover any amounts by which such remaining net proceeds are insufficient to pay the Class A-1 Principal Balance, together with all accrued and unpaid interest thereon.

• Notwithstanding the foregoing, the aggregate amounts distributed on all Remittance Dates to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates and the Holders of the Class A-3 Certificates on account of principal shall not exceed the Original Class A-1 Principal Balance, Original Class A-2 Principal Balance or Original Class A-3 Principal Balance, as applicable.

More Definitions of Class A-1 Principal Balance

Class A-1 Principal Balance means, as of any date of determination, the Original Class A-1 Principal Balance less any amount distributed with respect to principal on the Class A-1 Certificates on all prior Remittance Dates.

Class A-1 Principal Balance. At any time, the Original Class A-1 Principal Balance minus the sum of all amounts previously distributed on the Class A-1 Certificates since the Closing Date pursuant to clauses A(ii) and B(ii) of Section 6.01(a).

Class A-1 Principal Balance. The original Class A-1 Principal Balance of $__________ reduced by the sum of all amounts previously distributed to the Owners of the Class A-1 Group I Certificates in respect of principal on all previous Payment Dates, but shall not be reduced below zero.

Class A-1 Principal Balance means, for any Payment Date, the Original --------------------------- Class A-1 Principal Balance less all amounts previously distributed to Holders of Class A-1 Certificates in respect of principal.

Class A-1 Principal Balance means $414,000,000.

Class A-1 Principal Balance. As of any Determination Date and the Class A-1 Certificates, the Original Class A-1 Certificate Balance reduced by the sum of all distributions of principal previously distributed to the Class A-1 Certificateholders on all previous Distribution Dates.

Class A-1 Principal Balance. As of any date of determination, the Original Class A-1 Principal Balance, reduced by the sum of all amounts (including, except for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments, if any, made in respect of principal) previously distributed to Class A-1 Certificateholders in respect of principal.