Note Redemption Amount. As of any Determination Date, an amount without duplication equal to the sum of (i) the then outstanding Note Principal Balance of the Notes, plus the Interest Payment Amount for the related Payment Date, (ii) any Trust Fees and Expenses due and unpaid on the related Payment Date, (iii) any Servicing Advance Reimbursement Amount as of such Determination Date and (iv) all amounts due to Hedging Counterparties in respect of the termination of all related Hedging Instruments.
Note Redemption Amount. As defined in the Sale and Servicing Agreement.
Note Redemption Amount. As of any date of determination, an amount without duplication equal to the sum of (i) the then outstanding Class Principal Balances of the Classes of Notes plus all accrued and unpaid interest thereon, (ii) any Trust Fees and Expenses due and unpaid on such date and (iii) any Servicing Advance Reimbursement Amount.
Examples of Note Redemption Amount in a sentence
If any other Event of Default occurs and is continuing, the Required Investors may (i) declare the outstanding Note Redemption Amount, to be immediately due and payable (with notice thereof to Collateral Agent), whereupon the same will become forthwith due and payable, and (ii) cause the Collateral Agent to enforce any and all Liens and security interests created pursuant to the Collateral Documents.
In the case of an Event of Default of the type specified in Section 5(j) or Section 5(k), the Note Redemption Amount will become immediately due and payable, without any further notice and without any presentment, demand, or protest of any kind, all of which are hereby expressly waived by the Note Obligors.
If a Change of Control shall occur, the Note Obligors shall, not later than three (3) Business Days after the occurrence of such Change of Control, give written notice to the Holder and offer to redeem this Note for an amount in cash equal to the Note Redemption Amount in respect of the Outstanding Principal Balance; provided that the Note Redemption Amount payable upon a redemption resulting from a Change of Control shall be equal to at least 101% of the Outstanding Principal Balance redeemed.
More Definitions of Note Redemption Amount
Note Redemption Amount. As of any Determination Date, an amount without duplication equal to the sum of (i) the then outstanding Note Principal Balance of the Notes, plus the Interest Payment Amount for the related Payment Date, (ii) any Trust Fees and Expenses due and unpaid on the related Payment Date, (iii) any Servicing Advance Reimbursement Amount as of such Determination Date and (iv) all amounts due to Hedging Counterparties in respect of the termination of all related Hedging Instruments. Officer’s Certificate: A certificate signed by a Responsible Officer of the Depositor, the Loan Originator, the Servicer or the Issuer, in each case, as required by this Agreement. One-Month LIBOR: With respect to each Accrual Period, the rate determined by the Noteholder Agent on the related LIBOR Determination Date on the basis of the offered rate for one-month U.S. dollar deposits, as such rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such LIBOR Determination Date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the offered rates of the Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such LIBOR Determination Date. In such event, the Noteholder Agent will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such LIBOR Determination Date, two or more Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the arithmetic mean of all such offered quotations (rounded to the nearest whole multiple of 1/16%). If on such LIBOR Determination Date, fewer than two Reference Banks provide such offered quotations, One-Month LIBOR for the Accrual Period shall be the higher of (i) LIBOR as determined on the previous LIBOR Determination Date and (ii) the Reserve Interest Rate. Notwithstanding the foregoing, if, under the priorities described above, One-Month LIBOR for a LIBOR Determination Date would be based on One-Month LIBOR for the previous LIBOR Determination Date for the third consecutive LIBOR Determination Date, the Noteholder Agent shall select an alternative comparable index (over which the Noteholder Agent has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.
Note Redemption Amount means, on any date, an amount equal to the Principal Amount Outstanding of the Notes as at such date plus accrued and unpaid interest thereon to, but excluding, such date. (c) Early Amortisation Period/Enforcement Period On each Note Payment Date following a Trust Distribution Date (as defined below) falling in the Early Amortisation Period or the Enforcement Period, amounts in respect of principal will be payable on the Notes up to their Principal Amount Outstanding and, after payment of the Scheduled Amortisation Amount due on such Note Payment Date, in inverse order of the original amortisation schedule, to the extent of funds available therefor, until the Notes have been repaid in full at the Note Redemption Amount as at such date. Early Amortisation Events An “Early Amortisation Event” means the occurrence of any of the following events:
Note Redemption Amount means, in respect of any portion of the Outstanding Principal Balance redeemed, an amount, calculated as of the Redemption Date, equal to the corresponding Note Obligations Amount, plus a premium equal to the sum of (x) the present value at such Redemption Date of the interest payments scheduled to be due on
Note Redemption Amount. As of any date of determination, an amount without duplication equal to the sum of (i) then outstanding Note Principal Balance plus all accrued and unpaid interest thereon (ii) any Trust Fees and Expenses due and unpaid on such date, (iii) any Servicing Advance Reimbursement Amount and (iv) any Nonrecoverable Periodic Advances.
Note Redemption Amount. As of any date of determination, an amount without duplication equal to the sum of (i) the then outstanding Class Principal Balances of the Classes of Notes (other than the Class A-IO Notes) plus all accrued and unpaid interest thereon, (ii) all accrued and unpaid interest on the Class Notional Balance of the Class A-IO Notes, (iii) all accrued and unpaid interest on the Class A-IO Notes as a result of a reduction of the Class Principal Balance of the Class A-IO Notes occurring prior to August 25 2000, (iv) any Trust Fees and Expenses due and unpaid on such date and (v) any Servicing Advance Reimbursement Amount.
Note Redemption Amount. As of any date of determination, an amount without duplication equal to the sum of (i) the then outstanding Note Principal Balance of all Notes plus all accrued and unpaid interest thereon including any unpaid Noteholders Interest Carry-Forward Amount, (ii) any Trust Fees and Expenses due and unpaid on such date, (iii) any Servicing Advance Reimbursement Amount [and Monthly Advance Reimbursement Amount and (iv) any due and unpaid Securities Insurer Reimbursement Amount]. Noteholder: A holder of a Note.
Note Redemption Amount means, in respect of any portion of the Outstanding Principal Balance redeemed, an amount, calculated as of the Redemption Date, equal to the corresponding Note Obligations Amount, plus a premium equal to the sum of (x) the present value at such Redemption Date of the interest payments scheduled to be due on each Interest Payment Due Date occurring after the Redemption Date and on or prior to the Maturity Date in respect of the Outstanding Principal Balance being redeemed, determined using a discount rate equal to the Treasury Rate plus 50 basis points, and (y) 100% of (i) the Average Interest Rate multiplied by (ii) the portion of the Outstanding Principal Balance being redeemed, minus (z) any accrued and unpaid interest in respect of the Outstanding Principal Balance being redeemed. “Notes” shall mean the Additional Bridge Notes issued pursuant to the Note Purchase Agreement. “Open of Business” means 9:00 a.m., New York City time. “Original Principal Amount” shall have the meaning specified in the introductory paragraph. “Outstanding Principal Balance” shall have the meaning specified in the introductory paragraph. “Periodic Term SOFR Determination Day” shall have the meaning specified in Section 3(g)(i). “PIK Interest” means accrued interest that is added to the Outstanding Principal Balance pursuant to Section 3. All interest accrued at the Default Rate shall be PIK Interest. “Qualified Transferee” means any Person (other than a natural person) that (i) is a commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act), or (ii) has total assets (in name or under management) in excess of $250,000,000 and (except with respect to a pension advisory firm, fund manager or its managed funds or similar fiduciary or investment vehicle) total capital/statutory surplus in excess of $100,000,000, in each case other than any Competitor. “Redemption Date” shall have the meaning specified in Section 4(a). “Redemption Notice” shall have the meaning specified in Section 4(a). “Reference Time” with respect to any determination of the Benchmark means (i) if the Benchmark is the Three-Month SOFR Rate, 11:00 a.m., New York time, on the Periodic Term SOFR Determination Day, and (ii) if the Benchmark is not the Three-Month SOFR Rate, the time determined by the Required Investors in accordance with the Benchmark Replacement Conforming Changes. “Register” shall have the mean...