Class A-2 Note Principal Balance definition

Class A-2 Note Principal Balance. As of any date of determination, the Original Note Principal Balance of the Class A-2 Notes less any amounts actually paid with respect to principal thereon on all prior Payment Dates.

Class A-2 Note Principal Balance. As of any time of determination, the Original Class A-2 Note Principal Balance, less any amounts actually distributed as principal to the Class A-2 Notes on all prior Payment Dates.

Class A-2 Note Principal Balance means, on any date, (a) the Class A-2 Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class A-2 Notes on or prior to such date.

Examples of Class A-2 Note Principal Balance in a sentence

• The Offered Notes shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A-1 Note, Class A-2 Note, Class A-3 Note and Class A-4 Note, each with a denomination equal to the Initial Class A-1 Note Principal Balance, the Initial Class A-2 Note Principal Balance, the Initial Class A-3 Note Principal Balance and the Initial Class A-4 Note Principal Balance, respectively.

• The aggregate notional amount under the Class A-2 Swap shall, at any time, be equal to the Class A-2 Note Principal Balance at such time.

• As provided in the Indenture, all of the Classes of Notes may be redeemed in whole, but not in part, at the option of the Sponsor on any Payment Date on and after the date on which the sum of the Class A-1 Note Principal Balance, the Class A-2 Note Principal Balance and the Class A-3 Note Principal Balance is less than or equal to 10% of the sum of the Class A-1 Note Principal Balance, Class A-2 Note Principal Balance and the Class A-3 Note Principal Balance.

• The Offered Notes shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A-1 Note, Class A-2 Note, Class A-3 Note, Class A-4 Note and Class B Note, each with a denomination equal to the Initial Class A-1 Note Principal Balance, the Initial Class A-2 Note Principal Balance, the Initial Class A-3 Note Principal Balance the Initial Class A-4 Principal Balance and the Initial Class B Note Principal Balance, respectively.

• On any Distribution Date in which the Group II Mortgage Loan Balance does not exceed the Class A-2 Note Principal Balance by the Class A-2 Required Overcollateralization Amount, Excess Interest Collections will be distributed as principal to the Class A-2 Noteholders to increase the Class A-2 Overcollateralization Amount to the Class A-2 Required Overcollateralization Amount.

More Definitions of Class A-2 Note Principal Balance

Class A-2 Note Principal Balance means, at any time, the Initial Class A-2 Note Principal Balance minus all payments theretofore received by the Class A-2 Noteholders on account of principal.

Class A-2 Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A-2 Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A-2 Noteholders on or prior to such date.

Class A-2 Note Principal Balance. The Class Note Balance for the Class A-2 Certificates.

Class A-2 Note Principal Balance means, on any date, (a) the Class A-2 Initial Note Principal Balance, minus (b) the total amount of principal payments made on the Class A-2 Notes on or prior to such date[, including, for the avoidance of doubt, principal payments consisting of Series Pre-Funding Proceeds].]

Class A-2 Note Principal Balance. As of any date, the Class A-2 Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A-2 Noteholders on or prior to such date.]

Class A-2 Note Principal Balance. As of any time of determination, the Original Aggregate Principal Balance of the Class A-2 Notes less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates.

Class A-2 Note Principal Balance. As of any date, the Class A-2 Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class A-2 Noteholders on or prior to such date.