Class 1A-1B Premium Amount definition
Class 1A-1B Premium Amount. With respect to any Distribution Date and the Class 1A-1B Certificates, the product of one-twelfth of the Premium Rate and the Class Principal Balance of the Class 1A-1B Certificates on the immediately preceding Distribution Date, or, in the case of the first Distribution Date, on the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.