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

Related to Initial Securities Balance

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

  • 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.