Guaranteed Principal Amount means, with respect to any Domestic Subsidiary of the Company (other than any Domestic Subsidiary that is an Excluded Subsidiary or Securitization Entity) and as of any date, the aggregate principal amount (without duplication) as of such date of (a) all outstanding Debt Securities of the Company for whose payment the Company and such referent Domestic Subsidiary are jointly and severally liable as co-issuers or co-obligors, (b) all outstanding Debt Securities of the Company the payment of which is guaranteed by such referent Domestic Subsidiary, (c) all outstanding Debt Securities of such referent Domestic Subsidiary the payment of which is guaranteed by the Company and (d) all outstanding Guaranteed Subsidiary Debt Securities issued by other Domestic Subsidiaries of the Company (other than Domestic Subsidiaries that are Excluded Subsidiaries or Securitization Entities) the payment of which is guaranteed by such referent Domestic Subsidiary.
Guaranteed Principal Amount. With respect to any Payment Date (other than Payment Date specified in (b)), the Overcollateralization Deficit, if any, for such Payment Date and (b) on the earlier to occur of the Payment Date in December, 2030 (after giving effect to all distributions of principal on the Notes) or the Redemption Date (after giving effect to all distribution of principal on the Notes), an amount equal to the Note Balance.
Guaranteed Principal Amount. As to any Distribution Date, (a) the amount, if any, by which the aggregate Certificate Principal Balance of the Offered Certificates exceeds the Pool Balance at the end of the previous month (after giving effect to all distributions of principal on the Offered Certificates on such Distribution Date) plus any amounts on deposit in the Prefunding Account and (b) on the Distribution Date in October 2030 (after giving effect to all other distributions of principal on the Offered Certificates), an amount equal to the aggregate Certificate Principal Balance of the Offered Certificates. HOLDER: A Certificateholder.
Examples of Guaranteed Principal Amount in a sentence
In no event shall the Guaranteed Principal Amount be reduced as a result of (i) Borrower’s payment of the Guaranteed Obligations, or (ii) Administrative Agent’s foreclosure (or any credit bid in connection with any such foreclosure) or acceptance of a deed in lieu of foreclosure for the benefit of Lenders with respect to any collateral securing the Indebtedness.
Guarantor’s obligations shall not be affected, impaired, lessened or released by loans, credits or other financial accommodations now existing or hereafter advanced by Administrative Agent or Lenders to Borrower in excess of the Guaranteed Principal Amount.
The Notes are entitled to the benefits of a financial guaranty insurance policy (the "Insurance Policy") issued by MBIA Insurance Corporation (the "Insurer"), pursuant to which the Insurer has unconditionally guaranteed payment of the Note Interest Distributable Amount on each Distribution Date and the Guaranteed Principal Amount of the Notes as more fully set forth in the Insurance Policy.
The Guaranteed Principal Amount shall only be reduced by payments actually received by Administrative Agent or a Lender from Guarantor, which are applied to the outstanding principal balance of the Loan.
In no event shall any payment received by Administrative Agent or any Lender from any other party with respect to the Loan, or any amount received by Administrative Agent or any Lender as a result of any exercise of remedies by Administrative Agent or Lenders under any other Loan Document, reduce the Guaranteed Principal Amount or any other obligation of Guarantor hereunder.
More Definitions of Guaranteed Principal Amount
Guaranteed Principal Amount means (i) any repayment of principal with respect to Component 1 (a) upon the Maturity Date or (b) upon the occurrence of an Event of Default and acceleration under the Loan Agreement and (ii) any required Component 1 Parity Principal Payments.
Guaranteed Principal Amount means for any Distribution Date (a) the amount, if any, by which the aggregate Class Principal Balance of the Senior Certificates of the related Certificate Group exceeds the related Loan Group Balance at the end of the previous month (after giving effect to all distributions of principal on the related Senior Certificates on such Distribution Date) and (b) on the Distribution Date in February 2031 (after giving effect to all other distributions of principal on the related Certificate Group) an amount equal to the applicable Certificate Group Balance.
Guaranteed Principal Amount. For any Distribution Date (a) the amount, if any, by which the aggregate Class Principal Balance of the Senior Certificates of the related Certificate Group exceeds the related Loan Group Balance at the end of the previous month (after giving effect to all distributions of principal on the related Senior Certificates on such Distribution Date) and (b) on the Distribution Date in November 2031 (after giving effect to all other distributions of principal on the related Certificate Group) an amount equal to the applicable Certificate Group Balance.
Guaranteed Principal Amount means (a) for any Distribution Date (other --------------------------- than a Distribution Date specified in (b)), the amount, if any, by which the Class Principal Balance of each Certificate Group exceeds the related Loan Group Principal Balance at the end of the previous month (after giving effect to all distributions of principal on the related Class A Certificates on such Distribution Date) and (b) on the Distribution Date in ____________ with respect to the Group 1 Certificates, and ____________ with respect to the Group 2 Certificates, (after giving effect to all other distributions of principal on the Group 1 Certificates and the Group 2 Certificates, as applicable), an amount equal to the applicable Class Principal Balance.
Guaranteed Principal Amount means (a) for any Distribution Date (other than a Distribution Date specified in (b)), the amount, if any, by which the Certificate Principal Balances of the Class A-1 and the Class A-2 Certificates exceed the Pool Balance at the end of the related Prepayment Period (after giving effect to all distributions of principal on the related Class A Certificates on such Distribution Date) and (b) on the Distribution Date in April, 2029 (after giving effect to all other distributions of principal on the Class A Certificates), an amount equal to the aggregate Certificate Principal Balance of the Class A Certificates.
Guaranteed Principal Amount means, with respect to any Domestic Subsidiary of the Company (other than any Domestic Subsidiary that is an Excluded Subsidiary or Securitization Entity) and as of any date, the aggregate principal amount (without duplication) as of such date of (a) all outstanding Debt Securities of the Company for whose payment the Company and such referent Domestic Subsidiary are jointly and severally liable as co-issuers or co- obligors, (b) all outstanding Debt Securities of the Company the payment of which is guaranteed by such referent Domestic Subsidiary, (c) all outstanding Debt Securities of such referent Domestic Subsidiary the payment of which is guaranteed by the Company and (d) all outstanding Guaranteed Subsidiary Debt Securities issued by other Domestic Subsidiaries of the Company (other than Domestic Subsidiaries that are Excluded Subsidiaries or Securitization Entities) the payment of which is guaranteed by such referent Domestic Subsidiary.
Guaranteed Principal Amount means, (i) with respect to any Payment Date other than the Final Scheduled Payment Date, the amount, if any, by which the Security Balance of the Obligations (after giving effect to all other amounts distributable and allocable to principal on the Obligations) exceeds the Investor Amount as of such Payment Date (after giving effect to all other amounts distributable and allocable to principal on the Obligations for such Payment Date) and (ii) on the Final Scheduled Payment Date, after giving effect to all other amounts distributable and allocable to principal on the Obligations on the Final Scheduled Payment Date, any amount necessary to pay the outstanding Security Balance of the Obligations in full.