Class B Note Principal Balance definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class B Note Principal Balance means, with respect to any date, an amount equal to the excess of (a) the Class B Note Initial Principal Balance over (b) the aggregate amount of any principal payments made to the Class B Noteholders pursuant to subsection 2.7(e) prior to such date.

Examples of Class B Note Principal Balance in a sentence

The aggregate notional amount under the Class B Swap shall, at any time, be equal to the Class B Note Principal Balance at such time.
The Class B Note Principal Balance on any date of determination will be an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.
The Class B Note Principal Balance will be determined from time to time by the Indenture Trustee in accordance with the Indenture.
The Class B Note Principal Balance on any date of determination will be an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or before such date.
On the earlier to occur of (i) the first Payment Date during the Early Amortization Period and (ii) the Expected Principal Payment Date, the Servicer shall pay the amount determined under Section 4.05(c)(i) and (c)(ii) first, to the Class A Noteholders, until the Class A Note Principal Balance is paid in full, second to the Class B Noteholders until the Class B Note Principal Balance is paid in full, and third, to the Class C Noteholders until the Class C Note Principal Balance is paid in full.

More Definitions of Class B Note Principal Balance

Class B Note Principal Balance means, on any date, the Class B Initial Note Principal Balance, minus the total amount of principal payments made on the Class B Notes on or prior to such date.

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

Class B Note Principal Balance means, as of any date, an amount equal to (a) the Class B Initial Note Principal Balance minus (b) the aggregate amount of principal payments made to the Class B Noteholders prior to such date; provided, however, that the Class B Note Principal Balance may not be reduced below zero.

Class B Note Principal Balance means, on any date of determination, an amount equal to (i) the Class B Note Initial Principal Balance, plus (ii) the aggregate amount of Principal Balance Increases allocated to the Class B Note in accordance with Section 4.09(b) made on or prior to such date, minus

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

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

Class B Note Principal Balance means, at any time, the outstanding principal balance of the Class B Notes at such time.