Note A Principal Balance definition

Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

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Note A Principal Balance means individually or collectively, the Note A-1 Principal Balance and/or the Note A-2 Principal Balance, as the case may be.

Note A Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

Examples of Note A Principal Balance in a sentence

Notwithstanding anything to the contrary herein, if the Aggregate Note A Principal Balance has been reduced to zero pursuant to application of distributions pursuant to Sections 3, 4 and/or 5 hereof, as the case may be, “Controlling Holder” and “Control Note” shall mean the Directing Note B Holder and the Note B held by the Directing Note B Holder, and thereafter no change in the Controlling Holder shall be effected by reason of a Control Appraisal Event.
Notwithstanding anything to the contrary herein, if the Note A Principal Balance has been reduced to zero pursuant to application of distributions pursuant to Sections 3 and/or 4 hereof, as the case may be, “Controlling Holder” and “Control Note” shall mean the Note B Holder and Note B and thereafter no change in the Controlling Holder shall be effected by reason of a Control Appraisal Event.
Appraisal Reduction Amounts shall be allocated to reduce the Note B Principal Balance and the Note A Principal Balance, in that order, up to the outstanding amount thereof, for purposes of determining the identity of the Controlling Holder.
To the extent Co-Lender fails to reimburse such Costs, Lead Lender may, from time to time and as Lead Lender’s sole and exclusive remedy, deduct from the amounts otherwise due to Co-Lender in accordance with the provisions of this Agreement Co-Lender’s pro rata share of the Costs (based upon the Note A Principal Balance and the Note B Principal Balance, respectively).
In consideration for servicing the Loan, Lead Lender shall retain from sums otherwise allocable to Lead Lender and Loan A monthly on each Payment Date a servicing fee in the amount of the Note A Servicing Fee Rate multiplied by the Note A Principal Balance (the “Note A Servicing Fee”).
To the extent any such amounts are not reimbursed by or on behalf of Borrower, Lead Lender shall be reimbursed promptly from payments otherwise distributable to Co-Lender up to an amount equal to Co-Lender’s pro rata share of such amounts (based upon the Note A Principal Balance and the Note B Principal Balance, respectively).
Co-Lender shall have the right (but not the obligation) to advance its pro rata share of the Advance (based upon the Note A Principal Balance and the Note B Principal Balance, respectively) on or before the date specified in the related notice; provided that any such advance made by Co-Lender shall be an Advance.
Use of the terms Note A Principal Balance and Note B Principal Balance are merely for convenience in determining the economic interests of the parties.
Notwithstanding anything to the contrary herein, if the Note A Principal Balance has been reduced to zero pursuant to application of distributions pursuant to Sections 3, 4 and/or 5 hereof, as the case may be, “Controlling Holder” and “Control Note” shall mean the Note B-1 Holder and Note B-1 and thereafter no change in the Controlling Holder shall be effected by reason of a Control Appraisal Event.

More Definitions of Note A Principal Balance

Note A Principal Balance means, as of any date of determination, the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance.

Note A Principal Balance means, at any time of determination, the Closing Date Note A Principal Balance as set forth in the Mortgage Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B-1 Holder pursuant to Section 10(b) hereof) thereon received by the Note A Holder and (ii) any reductions in such amount pursuant to Section 6.

Note A Principal Balance means, at any time of determination, with respect to Note A-1-EMP-C1, Note A-1-SFC-C1, Note A-1-EMP-C2, Note A-1-SFC-C2, Note A-1- EMP-C3, Note A-1-SFC-C3, Note A-1-EMP-C4, Note A-1-SFC-C4, Note A-2-EMP-C1, Note A-2-SFC-C1, Note A-2-EMP-C2, Note A-2-SFC-C2, Note A-2-EMP-C3, Note A-2-SFC-C3, Note A-2-EMP-C4, Note A-2-SFC-C4, Note A-1-EMP-S1, Note A-1-SFC-S1, Note A-1-EMP-S2, Note A-1-SFC-S2, Note A-2-EMP-S1, Note A-2-SFC-S1, Note A-2-EMP-S2 and/or Note A-2-SFC-S2, individually or collectively, as the context may require, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the related Note A Holder and any reductions in such amount pursuant to Section 4(c) and Section 7.

Note A Principal Balance means, at any time of determination, with respect to Note A-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇, Note A-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇, Note A-7 and/or Note A-8, individually or collectively, as the context may require, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the related Note A Holder and any reductions in such amount pursuant to Section 4(c) and Section 7.

Note A Principal Balance means, on any date of determination, $137,000,000 less the sum of any amount previously applied in reduction of such amount pursuant to Section 2(b) or Section 2(c) and less any Realized Losses allocated to Note A pursuant to Section 3(a).