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.

Class B Note Principal Balance means, with respect to any date, the Class B Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class B Noteholders prior to such date.

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

• Principal Distributable Amount" means, with respect to any Payment Date on and after the earlier to occur of (a) the Class B Scheduled Payment Date and (b) any Note Principal Due Date, the Class B Note Principal Balance on such Payment Date.

• 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 amount of Principal Receivables in the Trust represented by the Class B Note Principal Balance on the last day of the related Monthly Period ...................

• Only it could produce laws that were thought to be of universal relevance.

More Definitions of Class B Note Principal Balance

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

Class B Note Principal Balance means, as of any date of determination, the Class B Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class B Noteholders before such date.

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.

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 (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to Class B Noteholders on or prior to such date.[“Class B Note Purchase Agreement” means that certain Note Purchase Agreement, dated as of the date hereof, by and among the Indenture Trustee, the Transferor, the Servicer and the Class B Noteholder (or Class B Noteholders) pursuant to which the Class B Noteholder (or Class B Noteholders) agreed to purchase the Class B Notes, as such agreement may be amended, amended and restated, or otherwise modified.]

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