CLASS M PRINCIPAL BALANCE. As of any Distribution Date, (a) the Class M Principal Balance for the immediately preceding Distribution Date less (b) amounts distributed to the Class M Certificateholders on such preceding Distribution Date allocable to principal (including the principal portion of Advances of the Servicer made pursuant to Section 6.03 and Realized Losses allocated to the Class M Certificates pursuant to Section 6.04); provided that the Class M Principal Balance on the first Distribution Date shall be the Original Class M Principal Balance, and provided further that if the aggregate Outstanding Certificate Principal Balance of the Class B Certificates has been reduced to zero, as of any Distribution Date, the Class M Principal Balance will equal the excess of the Mortgage Pool Principal Balance (together with the portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the Class A Principal Balance.
CLASS M PRINCIPAL BALANCE. As to the first Determination Date, the Original Class M Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class M Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class M Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class M Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.
CLASS M PRINCIPAL BALANCE means, for any Payment Date, the sum of the Class M-1 Principal Balance and the Class M-2 Principal Balance.
Examples of CLASS M PRINCIPAL BALANCE in a sentence
Upon any Class M Incremental Funding, the Class M Principal Balance, the Collateral Amount, the Note Principal Balance and the Allocation Percentage shall increase as provided herein.
More Definitions of CLASS M PRINCIPAL BALANCE
CLASS M PRINCIPAL BALANCE. As of any Distribution Date, the sum of the Class A-M Principal Balance and the Class M-1 Principal Balance.
CLASS M PRINCIPAL BALANCE means, on any Business Day, an amount equal to the result of (a) $ , plus (b) the aggregate amount of all Class M Incremental Principal Balances for all Class M Incremental Fundings occurring after the Amendment Date and on or prior to that Business Day, minus (c) the aggregate amount of principal payments made to Class M Noteholders after the Amendment Date and on or prior to such Business Day. As applied to any particular Class M Note, the “Class M Principal Balance” means the portion of the overall Class M Principal Balance represented by that Class M Note.
CLASS M PRINCIPAL BALANCE. The sum of the Class Principal Balances of the Class M-1 and Class M-2 Notes.
CLASS M PRINCIPAL BALANCE means the portion of the overall Principal Balance represented by that Class M Note.
CLASS M PRINCIPAL BALANCE means, on any Business Day, an amount equal to the result of (a) $ , plus (b) the aggregate amount of all Class M Incremental Principal Balances for all Class M Incremental Fundings occurring after the Third Amendment Date and on or prior to that Business Day, minus (c) the aggregate amount of principal payments made to Class M Noteholders after the Third Amendment Date and on or prior to such Business Day. As applied to any particular Class M Note, the “Class M Principal Balance” means the portion of the overall Class M Principal Balance represented by that Class M Note.
CLASS M PRINCIPAL BALANCE the Class B Principal Balance, the Non-PO Class A Percentage, the Non-PO Class A Prepayment Percentage, and the level of Credit Support, if any, with respect to each class of Subordinated Certificates;