Initial Securities Balance definition

Initial Securities Balance means the initial principal amount of the Notes and the Trust Certificates.
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Initial Securities Balance has the meaning set forth in the Trust Agreement.
Sample 1Sample 2Sample 3
Initial Securities Balance means the initial principal amount of the Securities.
Sample 1Sample 2Sample 3

Examples of Initial Securities Balance in a sentence

  • As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2003-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 10% of the Initial Securities Balance.

  • As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2004-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 10% of the Initial Securities Balance.

  • As provided in the Indenture, the Servicer will be permitted at its option to purchase the 2005-A SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Securities Balance is less than or equal to 5% of the Initial Securities Balance.

  • As provided in the Indenture, the Transferor will be permitted at its option to purchase the interest in the 2000-A SUBI evidenced by the 2000-A Vehicle SUBI Certificate from the Issuer on any Payment Date if, either before or after giving effect to any payment of principal required to be made on such Payment Date, the Senior Note Balance is less than or equal to 10% of the Initial Securities Balance.


More Definitions of Initial Securities Balance

Initial Securities Balance means the initial principal amount of the Notes and the Trust Certificates. (NALT 20[•]-[•] Agreement of Definitions)
Sample 1
Initial Securities Balance has the meaning set forth in the Administration Agreement.
Sample 1

Related to Initial Securities Balance

  • Initial Securities As defined in the preamble hereto.

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

  • Private Exchange Notes See Section 2(b) hereof.

  • Original Securities means all Securities other than Exchange Securities.

  • Individual Securities shall have the meaning specified in Section 3.01(p).

  • Private Exchange Securities shall have the meaning set forth in Section 2.1 hereof.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Exchange Note Issuance Date has the meaning stated in Section 2.2(a)(i) of the Exchange Note Supplement.

  • Private Certificates As specified in the Preliminary Statement.

  • Initial Certificate Balance means $[ ].

  • Private Certificate As specified in the Preliminary Statement.

  • Initial Additional Notes means Additional Notes issued in an offering not registered under the Securities Act and any Notes issued in replacement thereof, but not including any Exchange Notes issued in exchange therefor.

  • Initial Note Principal Balance means, with respect to each Note as of any date of determination, the “Initial Note Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.

  • Class A-PO Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-PO and Exhibit C hereto.

  • Restricted Securities Certificate means a certificate substantially in the form set forth in Annex B.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • 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.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Original Certificate Balance means $32,051,840.09.