Maximum Note Principal Balance definition

Maximum Note Principal Balance. As defined in Section 1.01 of the Note Purchase Agreement.

Maximum Note Principal Balance has the meaning set forth in the Pricing Letter.

Maximum Note Principal Balance in Section 1.01 of the Note Purchase Agreement is hereby amended and restated in its entirety as follows:

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 aggregate Note Principal Balance Outstanding at any time may not exceed the Aggregate Maximum Note Principal Balance.

• 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".

• The Notes shall be issuable as registered Notes in the related denomination of the Maximum Note Principal Balance.

More Definitions of Maximum Note Principal Balance

Maximum Note Principal Balance means with respect to each Purchased Note, the amount set forth on Schedule A for such Purchased Note.

Maximum Note Principal Balance. $__________________ Initial Percentage Interest: _________% No.____ OPTION ONE OWNER TRUST 2001-1B MORTGAGE-BACKED NOTES OPTION ONE OWNER TRUST 2001-1B, a Delaware business trust (the "Issuer"), for value received, hereby promises to pay to_____________________, or registered assigns (the "Noteholder"), the principal sum of ___________________________________($________________) or so much thereof as may be advanced and outstanding hereunder and to pay interest on such principal sum or such part thereof as shall remain unpaid from time to time, at the rate and at the times provided in the Sale and Servicing Agreement and the Indenture. Principal of this Note is payable on each Payment Date in an amount equal to the result obtained by multiplying (i) the Percentage Interest of this Note by (ii) the principal amount distributed in respect of such Payment Date.

Maximum Note Principal Balance means (i) from October 31, 2004 through November 30, 2004, $1,500,000,000 and (ii) thereafter, $1,000,000,000, in each case, as such amount may be increased or decreased in accordance with the terms of this Agreement.

Maximum Note Principal Balance means, an amount equal to $4,000,000,000, less any reductions pursuant to Section 2.06 of the Sale and Servicing Agreement.

Maximum Note Principal Balance. For any Series of Notes, as set forth in the related Indenture Supplement.

Maximum Note Principal Balance means an amount equal to $1,000,000,000.

Maximum Note Principal Balance means an amount equal to $2,000,000,000, less any reductions pursuant to Section 2.06 of the Sale and Servicing Agreement.