Class C Note Balance definition

Class C Note Balance means, at any time, the Initial Class C Note Balance reduced by all payments of principal made prior to such time on the Class C Notes.

Class C Note Balance equals, initially, $104,250,000, and thereafter equals the initial Class C Note Balance reduced by all amounts allocable to principal and previously distributed to the Class C Noteholders.

Class C Note Balance on the Closing Date will equal the Original Class C Note Balance and on any date thereafter will equal the Original Class C Note Balance reduced by all distributions of principal previously made in respect of the Class C Notes.

Examples of Class C Note Balance in a sentence

• Once the Class B Note Balance has been reduced to zero, to pay the Holders of the Class C Notes 100% of the Principal Distribution Amount for that Distribution Date until the Class C Note Balance has been reduced to zero.

• The Outstanding Note Balance of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes shall not exceed the Maximum Outstanding Class A Note Balance, the Maximum Outstanding Class B Note Balance, the Maximum Outstanding Class C Note Balance, the Maximum Outstanding Class D Note Balance and the Maximum Outstanding Class E Note Balance, respectively.

• Once the Class B Note Balance has been reduced to zero, to pay the Holders of the Class C Notes 100% of the Principal Distribution Amount for that Quarterly Distribution Date until the Class C Note Balance has been reduced to zero.

• On the Final Scheduled Payment Date and on any Payment Date after the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the Class C Noteholders’ Principal Distributable Amount shall be the Class C Note Balance.

• Notwithstanding the foregoing, the Indenture Trustee shall not authenticate and deliver any [Class C] Notes hereunder unless it also received on or prior to the Issuance Date, an Officers' Certificate of the Issuer stating: (A) the [Class C] Percentage, which percentage shall not exceed _____%, (B) the Initial [Class C] Note Balance, and (C) the [Class C] Note Rate.

More Definitions of Class C Note Balance

Class C Note Balance means, with respect to any Distribution Date, the Outstanding Amount of the Class C Notes.

Class C Note Balance shall initially mean $9,490,000, and thereafter shall equal the initial Class C Note Balance reduced by all previous payments to the Class C Noteholders in respect of the principal of the Class C Notes that have not been rescinded.

Class C Note Balance means, as of the Closing Date, $_________ and thereafter shall equal the Class C Note Balance as of the Closing Date reduced by all principal payments on the Class C Notes.

Class C Note Balance means, as of any date, the Initial Class C Note Balance reduced by all payments of principal made on or prior to such date on the Class C Notes.]

Class C Note Balance means, as of the Closing Date, $13,640,000 and thereafter shall equal the Class C Note Balance as of the Closing Date reduced by all principal payments on the Class C Notes.

Class C Note Balance means, at any time, $152,941,000, reduced by all payments of principal made prior to such time on the Class C notes.

Class C Note Balance means, at any time, $191,720,000, reduced by all payments of principal made prior to such time on the Class C notes.