We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Class Note Balance definition

Class Note Balance shall have the meaning assigned to such term in the Indenture.
Class Note Balance means the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance.
Class Note Balance. As of any date of determination and Class of Offered Notes or the Class N Notes, the Original Class Note Balance for such Class reduced by the sum of all amounts previously paid to the Noteholders of such Class in respect of principal from the Group I Principal Payment Amount or Group II Principal Payment Amount, as applicable, on all previous Payment Dates and, in the case of any Class of Mezzanine Notes, reduced by any related Applied Realized Loss Amounts allocated to such Class on prior Payment Dates; provided, however, if the context so specifies, the Class Note Balance will also be reduced by all payments of principal and allocations of related Applied Realized Loss Amounts on the Payment Date that is the date of determination.

Examples of Class Note Balance in a sentence

  • For purposes of the information required to be included in any such reports pursuant to TIA Sections 313(a)(2), 313(b)(1) (if applicable), or 313(b)(2), the principal amount of indenture securities outstanding on the date as of which such information is provided shall be the Class Note Balance of the then Outstanding Notes covered by the report.

  • In the event of the occurrence of a Servicer Event of Default specified in Section 7.01 of the Sale and Servicing Agreement, the Indenture Trustee may, and, upon the request of the Holders of Notes representing more than 50% of the Class Note Balance of the Outstanding Notes, shall (or as otherwise provided in the Sale and Servicing Agreement), terminate the Servicer as provided in Section 7.01 of the Sale and Servicing Agreement.

  • At the option of the Holder, Notes may be exchanged for other Notes of any authorized denominations, and of a like aggregate Class Note Balance, upon surrender of the Notes to be exchanged at such office or agency.

  • The Applied Realized Loss Amount for any Payment Date shall be applied by reducing the Class Note Balance of each Class of Mezzanine Notes beginning with the Class of Mezzanine Notes then outstanding with the lowest relative payment priority, in each case until the respective Class Note Balance thereof is reduced to zero.

  • Notice of redemption having been given as provided in Section 10.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable and (unless the Issuing Entity shall default in such payment) no interest shall accrue on such Notes for any period after such Redemption Date; provided, however, that if such payment is not made on the Redemption Date, the Class Note Balance shall, until paid, bear interest from the Redemption Date at the applicable Interest Rate.

  • Any increase to the Class Note Balance of a Class of Mezzanine Notes shall increase the Note Balance of the related Class pro rata in accordance with each Percentage Interest.

  • The Indenture Trustee shall upon Issuer Request authenticate and deliver Offered Notes for original issuance in their Initial Class Note Balance or Notional Amount as of the Cut-Off Date and Variable Funding Notes for original issuance in an aggregate initial principal amount of zero.

  • Upon surrender for registration of transfer of any Note at the office or agency of the Issuing Entity to be maintained as provided in Section 3.02 hereof, the Owner Trustee on behalf of the Issuing Entity, acting at the direction of the Certificateholders, shall execute, and the Authenticating Agent shall authenticate and deliver, in the name of the designated transferee or transferees; one or more new Notes of any authorized denominations and of a like aggregate initial Class Note Balance.

  • The Depositary shall order the Note Registrar to authenticate and deliver the following Book-Entry Notes: with respect to the E Notes only, a Rule 144A Global Note having an aggregate initial Outstanding principal balance equal to the Initial Class Note Balance of such Class, and, with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes only, a Public Global Note, having an initial Outstanding principal balance equal to zero.

  • Notice of redemption having been given as provided in Section 10.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable and (unless the Trust shall default in such payment) no interest shall accrue on such Notes for any period after such Redemption Date; provided, however, that if such payment is not made on the Redemption Date, the Class Note Balance shall, until paid, bear interest from the Redemption Date at the applicable Interest Rate.


More Definitions of Class Note Balance

Class Note Balance. As of any date of determination, the Original Note Principal Balance of any Class of Notes as listed below, minus the sum of all amounts applied in reduction of such amount on all prior Payment Dates. A-1 $ 311,472,000 A-2 $ 57,693,000 A-3 $ 205,650,000 A-4 $ 67,513,000 M-1 $ 26,211,000 M-2 $ 19,754,000 M-3 $ 12,152,000 M-4 $ 10,255,000 M-5 $ 10,255,000 M-6 $ 9,876,000 M-7 $ 8,736,000 M-8 $ 8,356,000 M-9 $ 7,600,000
Class Note Balance. As of any date of determination, the Original Note Principal Balance of any Class of Notes as listed below, minus the sum of all amounts applied in reduction of such amount on all prior Payment Dates. $ $ $ $ $ $ $ $ $ $ $
Class Note Balance. As to any Class of Notes and any date of determination, the aggregate of the Note Principal Balances of all Notes of such Class as of such date of determination.
Class Note Balance. As of any date of determination, the Original Class Note Balance of any class of Notes, minus the sum of all amounts applied in reduction of such amount on all prior Payment Dates and plus all Net Negative Amortization allocated to such class (other than such amounts paid pursuant to Section 8.01 (exvi) of the Indenture) on all prior payment dates.
Class Note Balance means the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance. “Clearing Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. The initial Clearing Agency shall be The Depository Trust Company and the initial nominee for the Clearing Agency shall be Cede & Co.
Class Note Balance means the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance. “Clearing Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. The

Related to Class Note Balance

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

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

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

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Note Balance means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance or the Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  • Initial Class D Note Balance means $206,860,000.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Initial Class B Note Balance means $163,150,000.

  • 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 A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Initial Class C Note Balance means $178,840,000.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Aggregate Note Balance means, as of any date of determination, the sum of the Class A Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance and the Class E Note Balance.

  • Initial Class A-4 Note Balance means $75,000,000.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class B Principal Balance As of any date, an amount equal to the sum of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

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

  • 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 B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.