Original Class Notional Amount Sample Clauses

Original Class Notional Amount. The Class X Certificates do not have a Class Principal Balance. However, the Class X Certificates have a Class Notional Amount.
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Original Class Notional Amount. The Class X Certificates do not have a Class Principal Balance. The portion of the Trust Fund consisting of (i) any and all collections of Additional Post-ARD Interest on the Trust ARD Loans and any successor Trust REO Loans with respect thereto and (ii) amounts held from time to time in the Collection Accounts and/or the Additional Post-ARD Interest Account that represent Additional Post-ARD Interest, shall be treated as a grantor trust for federal income tax purposes and such grantor trust will be designated as "Grantor Trust Z"; provided that if the Trust Fund does not include any Trust ARD Loans then Grantor Trust Z shall not be established. The portion of the Trust Fund consisting of (i) the Excess Servicing Strip and (ii) amounts held from time to time in the Collection Accounts that represent the Excess Servicing Strip, shall be treated as a grantor trust for federal income tax purposes, and such grantor trust will be designated as "Grantor Trust E". As provided herein, the Certificate Administrator shall take all actions reasonably necessary to ensure that each of the Grantor Trust Pools maintains its status as a "grantor trust" under federal income tax law and is not treated as part of any REMIC Pool. The Trust Fund will include multiple Trust Mortgage Loans (each, a "Loan Combination Trust Mortgage Loan") that are, in each such case, together with one or more other mortgage loans that will not be part of the Trust Fund (each such other mortgage loan, a "Non-Trust Loan"), secured on a collective basis by the same Mortgage(s) encumbering the related Mortgaged Property or group of Mortgaged Properties. The Loan Combination Trust Mortgage Loan and related Non-Trust Loan(s) that are secured by the same Mortgage(s) on a particular Mortgaged Property or group of Mortgaged Properties will, together, constitute a "Loan Combination" (which term shall include any pair or group of successor REO Loans with respect to those two or more mortgage loans or any other corresponding mortgage loans deemed to exist with respect to a related REO Property). Each Trust Mortgage Loan and Non-Trust Loan comprising a Loan Combination is evidenced by one or more promissory notes. The relative rights of the respective lenders in respect of each Loan Combination are set forth in a related co-lender agreement or intercreditor agreement (each such co-lender agreement or intercreditor agreement, as amended, restated, supplemented or otherwise modified from time to time, a "Loan C...
Sample 1
Original Class Notional Amount. The Class A-X Certificates will not have a Class Principal Balance and will not be entitled to receive distributions of principal.
Sample 1

Related to Original Class Notional Amount

  • Notional Amount Not applicable.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Principal Deficit Amount On each Distribution Date on which the Principal Deficit Amount is greater than zero, amounts shall be transferred to the Series 2010-6 Distribution Account as follows:

  • Application Among Interest Rate Options All prepayments required pursuant to this Section 5.05 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to a Base Rate Option, then to Loans subject to Euro-Rate Option. In accordance with Section 5.06(b), the Borrower shall indemnify the Banks for any loss or expense including loss of margin incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Euro-Rate Interest Period.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Special Class A Limitations The expenses attributable to each class of shares of the Funds listed on Annex B, as updated from time to time, shall be reduced, if necessary, so that the Ordinary Operating Expenses (as defined below) of each Fund attributable to such class of shares do not exceed the percentage of average daily net assets attributable to the applicable class of shares of such Fund as set forth on Annex B. This expense limitation shall be effected first by PIMSS waiving transfer agency fees and expenses allocated to the applicable class of shares. If waiving transfer agency fees and expenses alone is not sufficient to achieve the expense limitation reflected in Annex B, PFD shall waive Rule 12b-1 fees attributable to the applicable class of shares. In the event that waiving transfer agency fees and expenses and Rule 12b-1 fees attributable to a class of shares is not sufficient to achieve the expense limitation reflected in Annex B, PIM shall reimburse other expenses or waive other fees ("Fund-Wide Expenses") to the extent necessary to further reduce the expenses attributable to that class of shares to the percentage of average daily net assets reflected in Annex B. In the event that PIM waives or reimburses any Fund-Wide Expenses, PIM also agrees to waive or reimburse the Fund-Wide Expenses attributable to any other authorized class of shares to the same extent that such expenses are reduced for the class of shares that required the reduction of Fund-Wide Expenses.

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