Examples of Apportioned Principal Balance in a sentence
To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest accrued on that Class for that Distribution Date (or on the related Apportioned Principal Balance in the case of the Subordinated Certificates), the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates.
Thereafter, that excess amount will be allocated among the related Classes of Certificates (other than the Notional Amount Certificates), in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates or, in the case of the Subordinated Certificates, the related Apportioned Principal Balance.