Class B Maximum Principal Balance definition

Class B Maximum Principal Balance means the portion of the overall Class B Maximum Principal Balance represented by that Class B Note.
Sample 1Sample 2Sample 3
Class B Maximum Principal Balance means the product of (a) a fraction, the numerator of which is the Class A Maximum Principal Balance and the denominator of which is the Class A Pro Rata Percentage and (b) the Class B Pro Rata Percentage, as such amount may be increased or decreased from time to time pursuant to the Class B Note Purchase Agreement. As applied to any particular Class B Note, the “Class B Maximum Principal Balance” means the portion of the overall Class B Maximum Principal Balance represented by that Class B Note.
Sample 1Sample 2Sample 3
Class B Maximum Principal Balance has the meaning specified in the Indenture Supplement.
Sample 1

Examples of Class B Maximum Principal Balance in a sentence

  • A breach also entitles the injured party to sue for damages but may not necessarily discharge the contract.


More Definitions of Class B Maximum Principal Balance

Class B Maximum Principal Balance means the “Maximum Class B Principal Balance” (as defined in the Class B Note Purchase Agreement), as such amount may be increased or decreased from time to time pursuant to the Class B Note Purchase Agreement. As applied to any particular
Sample 1
Class B Maximum Principal Balance means the "Maximum Class B Principal Balance" (as defined in the Class B Note Purchase Agreement), as such amount may be increased or decreased from time to time pursuant to the Class B Note Purchase Agreement. As applied to any particular Class B Note, the "Class B Maximum Principal Balance" means the portion of the overall Class B Maximum Principal Balance represented by that Class B Note.
Sample 1
Class B Maximum Principal Balance means $27,300,000, as such amount may be increased or decreased pursuant to the Agreement.
Sample 1

Related to Class B Maximum Principal Balance

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class B Principal Balance As of any date, an amount equal to the sum of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.