Determination of Class Balances Sample Clauses

Determination of Class Balances. The “Class Balance” of any Class as of any date of determination is equal to the initial principal balance thereof, reduced by the aggregate of (i) all amounts allocable to principal previously distributed with respect to such Class and (ii) all Realized Losses on the Mortgage Loans allocated thereto pursuant to Section 3.2.2(d). Notwithstanding anything herein to the contrary, in no event shall the aggregate distributions of principal made with respect to any Class of Certificates on any Distribution Date exceed the outstanding Class Balance of such Class immediately prior to such Distribution Date.
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Determination of Class Balances. The “Class Balance” of any Class as of any date of determination is equal to the initial principal balance thereof, reduced by the aggregate of (A) all amounts allocable to principal previously distributed with respect to such Class, (B) all Realized Losses on the Mortgage Loans allocated thereto pursuant to Section 3.2.2(c) and (C) in the case of any B Class, all amounts paid to the PO Class in respect of PO Deferred Amounts and allocated to such B Class. Notwithstanding anything herein to the contrary, (i) in no event shall the aggregate distributions of principal made with respect to any Class of Certificates on any Distribution Date exceed the outstanding Class Balance of such Class immediately prior to such Distribution Date.
Sample 1
Determination of Class Balances. Notwithstanding anything herein to the contrary, (i) in no event shall the aggregate distributions of principal made with respect to any Class of Certificates or any Lower Tier Regular Interest exceed the Class Balance of such Class of Certificates or such Lower Tier Regular Interest outstanding immediately prior thereto, (ii) in no event shall amounts distributed on the Subordinate Certificates or Lower Tier Interest 6 in reimbursement of Realized Losses previously allocated thereto constitute or be deemed to constitute distributions of principal on the Subordinate Certificates or Lower Tier Interest 6, nor shall such amounts in any way reduce or otherwise affect the Class Balance of such Subordinate Certificates or Lower Tier Interest 6 and
Sample 1
Determination of Class Balances. For purposes of determining the outstanding Class Balance of a Class of Certificates under Section 3.2 on any Distribution Date, the distributions to be made with respect to the Certificates on such Distribution Date pursuant to Section 3.2 shall be deemed to have actually been made in the sequence set forth in such Section, such that the Class Balance of such Class of Certificates referenced in any clause of Section 3.2 on such Distribution Date shall be deemed to be reduced by all distributions of principal, if any, made on such Class of Certificates pursuant to any prior clause thereof on such Distribution Date. Notwithstanding anything herein to the contrary, (i) in no event shall the aggregate distributions of principal made with respect to any Class of Certificates on any Distribution Date exceed the Class Balance of such Class of Certificates outstanding immediately prior to such Distribution Date, (ii) in no event shall amounts distributed on a Class of Subordinate Certificates in reimbursement of Realized Losses or Interest Rate Reductions previously allocated thereto constitute or be deemed to constitute distributions of principal on such Class of Subordinate Certificates, nor shall such amounts in any way reduce or otherwise affect the Class Balance of such Class of Subordinate Certificates, and (iii) in no event shall amounts distributed on a Class of Certificates in respect of Prepayment Premiums or Yield Maintenance Charges be deemed to constitute distributions of principal on such Class of Certificates, nor shall such amounts in any way reduce or otherwise affect the Class Balance of such Class of Certificates.
Sample 1
Determination of Class Balances. The “Class Balance” of any Class as of any date of determination is equal to the initial principal balance thereof, reduced by the aggregate of (i) all amounts allocable to principal previously distributed with respect to such Class and
Sample 1
Determination of Class Balances. For purposes of determining the outstanding Class Balance of a Class of Certificates under Section 3.4.1 on any Distribution Date, the distributions to be made with respect to the Certificates on such Distribution Date pursuant to Section 3.4.1 shall be deemed to have actually been made in the sequence set forth in Section 3.4.1, such that the Class Balance of such Class of Certificates referenced in any clause of Section 3.4.1 on such Distribution Date shall be deemed to be reduced by all distributions of principal, if any, made on such Class of Certificates pursuant to any prior clause thereof on such Distribution Date. Notwithstanding anything herein to the contrary:
Sample 1

Related to Determination of Class Balances

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