Outstanding Principal Amount of the Class C Notes definition

Outstanding Principal Amount of the Class C Notes means, at any time, the initial aggregate principal amount of the Class C Notes that have been issued pursuant to Section 2.1(d) minus the amount of principal paid to holders of the Class C Notes pursuant to Section 4.2(2)(h);
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Examples of Outstanding Principal Amount of the Class C Notes in a sentence

  • For greater certainty, the amount payable on each Principal Payment Date in respect of the Class C Notes shall be the Outstanding Principal Amount of the Class C Notes at such time to the extent of available funds for such purpose pursuant to Section 4.2(2)(h) which is to be applied from the Series 2024-1 Note Liquidation Account on account of principal pursuant to Section 5.1.

Related to Outstanding Principal Amount of the Class C Notes

  • Outstanding Principal Balance As of the time of any determination, the principal balance of a Mortgage Loan remaining to be paid by the Mortgagor, or, in the case of an REO Property, the principal balance of the related Mortgage Loan remaining to be paid by the Mortgagor at the time such property was acquired by the Trust Fund less any Net Liquidation Proceeds with respect thereto to the extent applied to principal.