Quarterly Scheduled Principal Deficiency Amount definition

Quarterly Scheduled Principal Deficiency Amount means, as of any date of determination, the amount, if any, of due and unpaid Quarterly Scheduled Principal Amount with respect to each Quarterly Payment Date prior to such date of determination. For purposes of the Base Indenture, the “Quarterly Scheduled Principal Deficiency Amount” shall be deemed to be a “Senior Notes Quarterly Scheduled Principal Deficiency Amount”.
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Quarterly Scheduled Principal Deficiency Amount means, as of any date of determination, the amount, if any, of due and unpaid Quarterly Scheduled Principal Amount with respect to each Quarterly Payment Date prior to such date of determination. For purposes of the Base Indenture, the Quarterly Scheduled Principal Deficiency Amount shall be deemed to be a “Senior Notes Quarterly Scheduled Principal Deficiency Amount”.
Sample 1Sample 2Sample 3
Quarterly Scheduled Principal Deficiency Amount means, as of any date of determination, the amount, if any, of due and unpaid Quarterly Scheduled Principal Amount with respect to each Quarterly Payment Date prior to such date of determination. For purposes of the Base Indenture, the “Quarterly Scheduled Principal Deficiency Amount” shall be deemed to be a “Senior Notes Quarterly Scheduled Principal Deficiency Amount”. “Rating Agencies” means any of S&P, KBRA and any successor or successors thereto. In the event that at any time the rating agencies rating the Series 2024-1 Notes do not include S&P and/or KBRA, references to rating categories of S&P and/or KBRA in this Series 2024-1 Supplement shall be deemed instead to be references to the equivalent categories of such other rating agency as then has been appointed to rate and is rating the Series 2024-1 Notes as of the most recent date on which such other rating agency and S&P and/or KBRA published ratings for the type of security in respect of which such alternative rating agency is used. “Regulation S” means Regulation S promulgated under the 1933 Act. “Regulation S Global Notes” means, collectively, the Temporary Regulation S Global Notes and the Permanent Regulation S Global Notes. “Restricted Period” means, with respect to any Series 2024-1 Class A-2 Notes sold pursuant to Regulation S, the period commencing on the Series 2024-1 Closing Date and ending on the 40th day after the Series 2024-1 Closing Date.
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Examples of Quarterly Scheduled Principal Deficiency Amount in a sentence

  • No Optional Prepayment may be made which results in a failure to pay any Quarterly Scheduled Principal Amount or any Quarterly Scheduled Principal Deficiency Amount on a Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date).

  • No Optional Prepayment may be made which results in a failure to pay any Class A Notes Accrued Quarterly Scheduled Principal Amount on any Class A Notes or any Quarterly Scheduled Principal Deficiency Amount on a Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date).

Related to Quarterly Scheduled Principal Deficiency Amount

  • Scheduled Principal Payments means, with respect to any Series, Class of any Series of Notes, or Subclass or Tranche thereof, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series, Class, Subclass or Tranche on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.