Examples of Variable Funding Balance in a sentence
The Security Balance of the Variable Funding Notes in the aggregate may not exceed the Maximum Variable Funding Balance.
In addition, on any Payment Date on which the Additional Balance Differential for such Payment Date if added to the aggregate Security Balance of the Variable Funding Notes (after application of any principal payments to be made thereon on such Payment Date) would cause the aggregate Security Balance thereof to exceed the Maximum Variable Funding Balance, then the Security Balance of one or more Certificates shall be increased by the amount of such excess.
The Variable Funding Balance of the Variable Funding Notes at the time of such exchange shall be the initial Capped Funding Balance of the Capped Funding Notes issued in exchange therefor.
The Capped Funding Notes shall be issued as physical notes in fully registered form in minimum initial Capped Funding Balances of $10,000 and integral multiples of $1,000 in excess thereof, together with any additional amount necessary to cover (i) the aggregate Variable Funding Balance of the Variable Funding Notes at the time of the denominational exchange thereof or (ii) the aggregate Capped Funding Balance of any Capped Funding Notes issued in an exchange described in paragraph (d) below.
The Notes; Increase of Maximum Variable Funding Balance; Variable Funding Notes.
Each Variable Funding Note shall be initially issued with a Variable Funding Balance of $0 or, if applicable, with a Variable Funding Balance in an amount equal to the sum of the Additional Balance Differential for the Collection Period relating to the Payment Date following the date of issuance of such Variable Funding Note pursuant to Section 4.01.
The Variable Funding Balance of any Class of Variable Funding Notes in the aggregate may not exceed the Maximum Variable Funding Balance for such Class.
Each Class of the Variable Funding Notes shall be initially issued with a Variable Funding Balance of $0 or, if applicable, with a Variable Funding Balance in an amount equal to the Balance Differential for the related Loan Group and the Collection Period related to the Payment Date following the date of issuance of such Variable Funding Note pursuant to Section 4.01(b).
Notwithstanding the foregoing, (i) at any time the Variable Funding Balance may not exceed the Maximum Variable Funding Balance, and (ii) the Variable Funding Balance may not increase more than $[100,000] in any month unless the Indenture Trustee receives an Opinion of Counsel to the effect that such increase will not have any material adverse tax consequences to the Trust.
The Maximum Variable Funding Balance may be increased as provided in Section 9.01(a)(viii).