Common use of Aggregate Remaining Balance Clause in Contracts

Aggregate Remaining Balance. For any Payment Date for Multiclass GNMA Securities, the aggregate of the remaining principal balances to which the underlying Assets would be reduced in the month in which that Payment Date occurs, based on, in the case of GNMA Certificates, the related “factor” information selected by the Administrator or, to the extent such factors have not been reported for a GNMA Certificate, assumed Mortgage amortization schedules that the Administrator (or its agent) will create. Such schedules will reflect payment factor information previously reported for such GNMA Certificate and estimated subsequent scheduled amortization on the related Mortgages. In the case of Giant Securities or other Assets that are GNMA-Related Securities but not GNMA Certificates, the Administrator will determine the applicable principal balance using the related “factor” information published for those Giant Securities or other Assets.