Class E Note Principal Balance definition

Class E Note Principal Balance. As of any date, the Class E Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class E Noteholders before such date; provided, however, that the Depositor, at any time and from time to time, may (A) in connection with an increase in the Class E Invested Amount increase the Class E Note Principal Balance, but not in excess of the increase in the Class E Invested Amount or (B) decrease the Class E Note Principal Balance upon satisfaction of the Series 20[ ]-[ ] Rating Agency Condition and obtaining written consent of all of the Class E Noteholders.
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Class E Note Principal Balance. As of any, the Class E Note Initial Principal Balance, minus the aggregate amount of any principal payments made to the Class E Noteholders before such date; provided, however, that notwithstanding any other provision hereof, the Depositor, at any time and from time to time, may (A) allocate a portion of the Nonoverconcentration Certificate Amount to, and increase, the Class E Note Principal Balance, provided that such allocation shall not cause the Nonoverconcentration Pool Balance (determined without giving effect to the provisos in the definitions of Maximum Dealer Exposure Percentage and Maximum Used Vehicle Percentage) to be less than the Required Nonoverconcentration Pool Balance or the Nonoverconcentration Certificate Interest to be less than the Required Nonoverconcentration Certificate Interest or (B) decrease the Class E Note Principal Balance upon satisfaction of the Rating Agency Condition and obtaining written consent of all of the Class E Noteholders.
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Examples of Class E Note Principal Balance in a sentence

  • Upon termination of the Trust, the Indenture Trustee shall release any remaining Pledged Property to the Trust Certificate Holder but not if the Class A Note Principal Balance, the Class B Note Principal Balance, the Class C Note Principal Balance, the Class D Note Principal Balance and the Class E Note Principal Balance have not been reduced to zero or any amounts are owing to the Indenture Trustee.

  • To the payment of Class E Note Interest to the Class E Noteholders ELEVENTH: To the payment of the outstanding Class E Note Principal Balance to the Class E Noteholders TWELFTH: To the payment of all reasonable costs and expenses incurred by any Noteholder in connection with the enforcement of its rights hereunder or under the Notes, ratably, without preference or priority of any kind; and THIRTEENTH: To the payment of any surplus to or at the written direction of the Trust Certificate Holder.