Class A-2 Principal Balance definition

Class A-2 Principal Balance as of any date means the Class A-2 Initial Principal Balance less all amounts paid to the holders of Class A-2 Notes in respect of principal pursuant to Section 5.06 hereof.

Class A-2 Principal Balance means, as to any Remittance Date, the Original Class A-2 Principal Balance less all amounts previously distributed to Holders of Class A-2 Certificates on account of principal.

Class A-2 Principal Balance means, for any Payment Date, the Original Class A-2 Principal Balance less all amounts previously distributed to Holders of Class A-2 Certificates in respect of principal.

Examples of Class A-2 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.

• On the Class A-2 Termination Date any portion of the Remaining Group I Principal Distribution Amount remaining on such Payment Date following the reduction to zero of the Class A-2 Principal Balance shall be distributed as the initial principal distribution on the Class A-3 Group I Certificates.

• The agreements in this subsection shall survive the payment of the obligations under this Agreement, including the Class A-2 Principal Balance.

• 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-2 Principal Balance

Class A-2 Principal Balance means, as of any date of determination, the Original Class A-2 Principal Balance less any Principal Distribution Amount distributed on the Class A-2 Certificates on all prior Remittance Dates.

Class A-2 Principal Balance. At any time, the Original Class A-2 Principal Balance minus the sum of all amounts previously distributed on the Class A-2 Certificates since the Closing Date pursuant to clauses A(ii) and B(ii) of Section 6.01(a).

Class A-2 Principal Balance. The original Class A-2 Principal Balance of $15,400,000 reduced by the sum of all amounts previously distributed to the Owners of the Class A-2 Group I Certificates in respect of principal on all previous Payment Dates, but shall not be reduced below zero.

Class A-2 Principal Balance means, for any Payment Date, the Original --------------------------- Class A-2 Principal Balance less all amounts previously distributed to Holders of Class A-2 Certificates in respect of principal.

Class A-2 Principal Balance. As of any date of determination, the Original Class A-2 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-2 Certificateholders in respect of principal.

Class A-2 Principal Balance means, with respect to any date, an amount equal to the excess of (a) the sum of (i) the Class A-2 Initial Principal Balance, plus (ii) the aggregate principal amounts of any Additional Class A-2 Principal Amounts advanced pursuant to Section 12.6(a) of the Indenture, over (b) the aggregate amount of any principal payments made to Class A-2 Owners pursuant to the Sale and Servicing Agreement and the Indenture through and including such date.

Class A-2 Principal Balance means, as of any date of determination, the Original Class Principal Balance of such Class less all distributions pursuant to Section 6.5(b) attributable to principal on the Class A-2 Certificates on all prior Distribution Dates.