Maximum Note Principal Balance definition
Examples of Maximum Note Principal Balance in a sentence
The Maximum Note Principal Balance with respect to the Notes shall be $600,000,000.
At the Closing, the Issuer shall deliver the Note with an aggregate maximum principal amount equal to the Maximum Note Principal Balance to the Note Agent on behalf of the Purchasers.
The Series 2012-MM1 Notes are issued in one (1) Class of Term Notes (Class A-MM1) and one (1) Class of Draw Notes (Class A-MM1), with the Initial Note Balances, Maximum Note Principal Balance, Stated Maturity Dates, Revolving Period, Note Interest Rates, Expected Repayment Dates and other terms as specified in this Indenture Supplement, to be known as the Advance Receivables Backed Notes, Series 2012-MM1, secured by the Trust Estate Granted to the Indenture Trustee pursuant to the Base Indenture.
The Maximum Note Principal Balance with respect to the Notes shall be $900,000,000.
Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, clause (b)(l) of the definition of "Nonutilization Fee" set forth in Section 1.01 of the Sale and Servicing Agreement is hereby restated in its entirety to read "(1) the product of 1.02 and the Maximum Note Principal Balance in effect during such month".