Class M Note Principal Balance definition

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

  • The aggregate notional amount under the Class M Swap shall, at any time, be equal to the Class M Note Principal Balance at such time.

  • The aggregate notional amount under the Class M Derivatives Agreement shall, at any time, be equal to the Class M Note Principal Balance at such time.

  • On any Payment Date prior to the Expected Principal Payment Date (as defined in the Indenture Supplement), where as a result of principal payments on the Class M Notes (as defined in the Indenture Supplement), the Notional Amount would be reduced by the corresponding reduction in the Class M Note Principal Balance (as defined in the Indenture Supplement), the parties hereto shall treat the portion of such reduction (without duplication) as terminated on such Payment Date (a “Terminated Transaction”).

  • On any Payment Date prior to the Expected Principal Payment Date, where as a result of principal payments on the Class M Notes, the Notional Amount would be reduced by the corresponding reduction in the Class M Note Principal Balance, the parties hereto shall treat the portion of such reduction (without duplication) as terminated on such Payment Date (a “Terminated Transaction”).

Related to Class M Note Principal Balance

  • 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 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.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.