Exchange Note Balance definition
Exchange Note Balance means, for an Exchange Note, the initial principal balance minus all amounts paid on the Exchange Note as principal.
Exchange Note Balance means as of any date of determination, the [most recent] Exchange Note Initial Principal Balance, as reduced by all amounts distributed on the 20__-_ Exchange Note pursuant to Section 5.1 of the 20__-_ Exchange Note Supplement and allocable to principal [through and including such date]/[since the most recent Allocation Date].
Exchange Note Balance means (i) with respect to any Exchange Note that is a revolving note or under which the principal amount can otherwise be increased after the related Exchange Note Issuance Date, the principal balance of such Exchange Note as of the most recent date that the principal balance was increased in accordance with the relevant Basic Documents, as reduced by all amounts distributed on such Exchange Note and allocable to principal since such date or (ii) with respect to all other Exchange Notes, the initial principal balance of such Exchange Note, as reduced by all amounts distributed on such Exchange Note and allocable to principal since the related Exchange Note Issuance Date.
Examples of Exchange Note Balance in a sentence
The Exchange Note Balance will be due and payable on the date the 2025-B Exchange Note is declared to be, or has automatically become, immediately due and payable according to Section 6.5(a) of the Credit and Security Agreement.
The Exchange Note Balance will be due and payable on the earlier of the Exchange Note Redemption Date and the Exchange Note Final Scheduled Payment Date.
The 2025-B Exchange Note will accrue interest on its Exchange Note Balance for each Exchange Note Interest Period until the Exchange Note Balance has been paid in full at a rate per annum equal to the Exchange Note Interest Rate for that Exchange Note Interest Period.
More Definitions of Exchange Note Balance
Exchange Note Balance means, with respect to any Closed-End Exchange Note, the initial principal balance of such Closed-End Exchange Note, as increased by the amount of any Subsequent Exchange Note Increases and as reduced by all amounts distributed on such Closed-End Exchange Note and allocable to principal.