Class C Principal Balance definition

Class C Principal Balance means, with respect to any date, an amount equal to the excess of (a) the sum of (i) the Class C Initial Principal Balance, plus (ii) the aggregate principal amounts of any Additional Class C Principal Amounts advanced pursuant to Section 12.6(a) of the Indenture, over (b) the aggregate amount of any principal payments made to Class C Owners pursuant to the Sale and Servicing Agreement and the Indenture through and including such date.

Class C Principal Balance means as of any date, an amount equal to the initial Class C principal balance less any principal payments previously made on the Class C Notes.

Class C Principal Balance means the portion of the overall Principal Balance represented by that Class C Note.

Examples of Class C Principal Balance in a sentence

• Upon any Class C Incremental Funding, the Class C Principal Balance, the Collateral Amount, the Note Principal Balance and the Allocation Percentage shall increase as provided herein.

• On the Closing Date, the Indenture Trustee will execute and authenticate (i) one or more Global Notes and/or (ii) Individual Notes all in an aggregate principal amount that shall equal the applicable Initial Class A Principal Balance, the applicable Initial Class B Principal Balance, the applicable Initial Class C Principal Balance, the applicable Initial Class D Principal Balance and the applicable Initial Class E Principal Balance.

• Upon any Assignment by a CP Conduit of its Percentage Interest in the Class C Principal Balance to a Person which is not one of its Committed Purchasers, the Commitment of each of its related Committed Purchasers shall be reduced by an amount equal to the assigned Percentage Interest times such Commitment.

• Payments of interest in respect of the portion of the Class C Principal Balance evidenced by a Class C Note shall be allocated and applied to Class C Owners of such Class C Note pro rata based upon the respective amounts of interest due and payable to them, determined as provided above in subsection 2.3(a).

• On each date on which the Alternative Rate is applicable to any portion of the Class C Principal Balance and the Adjusted Eurodollar Rate or the Prime Rate changes, the Administrative Agent shall notify the Issuer and the Servicer of the Alternative Rate and the Prime Rate, if then applicable to any portion of the Class C Principal Balance.

More Definitions of Class C Principal Balance

Class C Principal Balance means, on any Business Day, an amount equal to the result of (a) $ , plus (b) the aggregate amount of all Class C Incremental Principal Balances for all Class C Incremental Fundings occurring after the Amendment Date and on or prior to that Business Day, minus (c) the aggregate amount of principal payments made to Class C Noteholders after the Amendment Date and on or prior to such date. As applied to any particular Class C Note, the “Class C Principal Balance” means the portion of the overall Principal Balance represented by that Class C Note.

Class C Principal Balance means, on any Business Day, an amount equal to the result of (a) $66,857,142.86, plus (b) the aggregate amount of all Class C Incremental Principal Balances for all Class C Incremental Fundings occurring after the Amendment Date and on or prior to that Business Day, minus (c) the aggregate amount of principal payments made to Class C Noteholders after the Amendment Date and on or prior to such date. As applied to any particular Class C Note, the "Class C Principal Balance" means the portion of the overall Principal Balance represented by that Class C Note.

Class C Principal Balance means the portion of the overall Class C Principal Balance represented by that Class C Note.

Class C Principal Balance as of any date means the Class C Initial Principal Balance less all amounts paid to the holders of Class C Notes in respect of principal pursuant to Section 5.06 hereof.

Class C Principal Balance. Seller Class C Purchaser Class C Principal Balance Prior to Sale: $ Class C Principal Balance Sold: $ Class C Principal Balance Retained: $ A. Type of Purchaser: CP Conduit: Yes/No Committed Purchaser: Yes/No

Class C Principal Balance. Sold: $________

Class C Principal Balance. Transferee Class C Purchaser Class C Principal Balance After Sale: $ Address for Notices: Investing Office: To: [Name and address of Seller, Servicer, Trustee, Administrative Agent, Seller Class C Purchaser and Purchasing Class C Purchaser] The undersigned, as Agent under the Class C Note Purchase Agreement, dated as of March 5, 2009, among AmeriCredit Master Trust II, AmeriCredit Funding Corp. X, AmeriCredit Financial Services, Inc., the Class C Purchasers and the Agents parties thereto and Deutsche Bank Trust Company Americas, as Administrative Agent, acknowledges receipt of five executed counterparts of a completed Transfer Supplement. [Note: attach copies of Schedules I and II from such Agreement.] Terms defined in such Supplement are used herein as therein defined. Pursuant to such Supplement, you are advised that the Transfer Effective Date will be , . Very truly yours, [NAME OF AGENT], as Agent By: Name: Title: By: Name: Title: JOINDER SUPPLEMENT, dated as of the date set forth in Item 1 of Schedule I hereto, among the financial institution identified in Item 2 of Schedule I hereto, AmeriCredit Financial Services, Inc. (“AmeriCredit”), individually and as Servicer, AmeriCredit Funding Corp. X (“AFC”), individually and as Seller, AmeriCredit Master Trust II (the “Issuer”), the Agent named in Item 5 of Schedule I hereto (the “Agent”), and Deutsche Bank Trust Company Americas, as Administrative Agent (the “Administrative Agent”).