Class B Note Balance means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes.
Class B Note Balance as of any date of determination, means the outstanding principal balance of the Class B Notes.
Class B Note Balance on the Closing Date will equal the Original Class B Note Balance and on any date thereafter will equal the Original Class B Note Balance reduced by all distributions of principal previously made in respect of the Class B Notes.
Examples of Class B Note Balance in a sentence
Following the payment in full of the Class A Note Balance, the Class B Note Balance and of all other amounts owing or to be distributed hereunder or under the Indenture or the Trust Agreement to Noteholders, as directed in writing by the Servicer, the Indenture Trustee shall release to the Seller any amounts remaining on deposit in the Reserve Account.
More Definitions of Class B Note Balance
Class B Note Balance equals, initially, $62,800,000, and thereafter equals the initial Class B Note Balance reduced by all amounts allocable to principal and previously distributed to the Class B Noteholders.
Class B Note Balance means, with respect to any Distribution Date, the Outstanding Amount of the Class B Notes.
Class B Note Balance shall initially mean $15,170,000, and thereafter shall equal the initial Class B Note Balance reduced by all previous payments to the Class B Noteholders in respect of the principal of the Class B Notes that have not been rescinded.
Class B Note Balance means, as of the Closing Date, $17,010,000 and thereafter shall equal the Class B Note Balance as of the Closing Date reduced by all principal payments on the Class B Notes.
Class B Note Balance. At any time, as the context may require, (i) with respect to all of the Class B Notes, an amount equal to, initially, the Initial Class B Note Balance and, thereafter, an amount equal to the Initial Class B Note Balance as reduced from time to time by all amounts allocable to principal previously distributed to the Class B Noteholders or (ii) with respect to any Class B Note, an amount equal to, initially, the initial denomination of such Class B Note and, thereafter, an amount equal to such initial denomination as reduced from time to time by all amounts allocable to principal previously distributed in respect of such Class B Note.
Class B Note Balance means, as of the Closing Date, $6,820,000 and thereafter shall equal the Class B Note Balance as of the Closing Date reduced by all principal payments on the Class B Notes.
Class B Note Balance means, at any time, $154,400,000, reduced by all payments of principal made prior to such time on the Class B notes.