Class B Notes Principal definition

Class B Notes Principal means the aggregate principal amount payable in respect of all Class B Notes on any date;
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Class B Notes Principal means, with respect to any Payment Date, all or a portion of the Class B Principal Amount to be paid in accordance with the applicable Priority of Payments;
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Class B Notes Principal means with respect to any Payment Date
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Examples of Class B Notes Principal in a sentence

  • The Class B Notes Principal Deficiency Ledger will record as a credit Available Revenue Receipts applied pursuant to item (i) of the Pre-Acceleration Revenue Priority of Payments (if any) (which amounts shall, for the avoidance of doubt, become Available Principal Receipts).

  • Class A Notes Principal shall mean the aggregate principal amount payable in respect of all Class A Notes on any date and Class B Notes Principal shall mean the aggregate principal amount payable in respect of all Class B Notes on any date.


More Definitions of Class B Notes Principal

Class B Notes Principal means, with respect to any Settlement Date: prior to the occurrence of a Pro Rata Payment Trigger Event and on or after the occurrence of a Sequential Payment Trigger Event, all or a portion of the Principal Amount Outstanding of the Class B Notes to be paid in accordance with the Sequential Amortisation Period Priority of Payments; on or after the occurrence of a Pro Rata Payment Trigger Event but prior to the occurrence of a Sequential Payment Trigger Event the lesser of: the Principal Amount Outstanding of the Class B Notes; and the Pro Rata Principal Payment Amount, allocated to the Class B Notes,in each case, to be paid in accordance with the Pro Rata Amortisation Period Priority of Payments; andupon a Notes Acceleration Notice being served by the Security Trustee, all or a portion of the Principal Amount Outstanding of the Class B Notes to be paid in accordance with the Accelerated Amortisation Period Priority of Payments.
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Class B Notes Principal means the aggregate principal amount payable in respect of all CLASS B NOTES on any date and in accordance with the TERMS AND CONDITIONS OF THE NOTES;
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Class B Notes Principal means the aggregate principal amount of all Class B Notes outstanding on any date;
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Related to Class B Notes Principal

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Class B Note Initial Principal Balance means $30,822,000.

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution 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 A Note Initial Principal Balance means $500,000,000.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

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

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class C Note Initial Principal Balance means $18,948,000.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

  • Class P Principal Amount As of the Closing Date, $100.

  • Class A-4 Note Interest Rate means a rate per annum equal to 2.11%.