Note B Principal Balance definition

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

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

Note B Principal Balance means, at any time of determination, the sum of the Note B-1-A Principal Balance, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance and the Note B-2-B Principal Balance.

Examples of Note B Principal Balance in a sentence

If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B Holder hereunder.
If Note B is held by more than one Person at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B Holder hereunder in accordance with Section 6(a).
If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder.
If the Note B is held by more than one Note B Holder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B hereunder.
If a B Note is held by more than one Note B Holder at any time, the holders of a majority of the applicable Note B Principal Balance shall immediately appoint a representative to exercise all rights of such B Note hereunder.
If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance or the Note C Principal Balance, as applicable, shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder.
If required by such recalculation, the Appraised-Out Holder shall be reinstated as the Controlling Noteholder and, if applicable, shall have the Note C Principal Balance and Note B Principal Balance, if applicable, notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount.
If Note B is held by more than one Note B Holder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a representative to exercise all rights of Note B hereunder.
If required by such recalculation, the Appraised-Out Holder shall be reinstated as the Controlling Noteholder and, if applicable, shall have the Note B Principal Balance notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount.
If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note A2 Principal Balance or the Note B Principal Balance, as applicable, shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder.

More Definitions of Note B Principal Balance

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

Note B Principal Balance means, in the aggregate, the Note B-1 Principal Balance and the Note B-2 Principal Balance.

Note B Principal Balance means, as of any date of determination, the aggregate Component Principal Balance of the Components.

Note B Principal Balance means, on any date of determination, $20,000,000, 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 Loan B pursuant to Section 3(a).