Class A-1 Certificate Principal Balance definition

Class A-1 Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance of the Class A-1 Certificates less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-1 Certificates less any amounts actually distributed to the Owners of the Class A-1 Certificates pursuant to Section 7.03(f) hereof on all prior Payment Dates plus any Preference Amount previously distributed to the Owners of the Class A-1 Certificates with respect to principal.

Examples of Class A-1 Certificate Principal Balance in a sentence

• The Percentage Interest of each Class A-1 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-1 Certificate on the Startup Day by the aggregate Class A-1 Certificate Principal Balance on the Startup Day.

• Distributions will be made in immediately available funds to Owners of Certificates having an aggregate original Class A-1 Certificate Principal Balance of at least $1,000,000 (by wire transfer or otherwise) to the account of an Owner at a domestic bank or other entity having appropriate facilities therefor, if such Owner has so notified the Trustee, or by check mailed to the address of the person entitled thereto as it appears on the Register.

• The Owner hereof is entitled to principal payments on each Payment Date, as hereinafter described, which will fully amortize such original Class A-1 Certificate Principal Balance over the period from the date of initial issuance of the Certificates to the final Payment Date for the Class A-1 Certificates.

• The obligations of the Certificate Insurer hereunder shall terminate upon the deposit by the Servicer with the Trustee of a sum sufficient to purchase all of the Mortgage Loans and REO Properties as set forth above or when the Class A-1 Certificate Principal Balance has been reduced to zero.

• This Class A-1 Certificate represents a Percentage Interest, as set forth on the face of this Certificate, equal to the Initial Certificate Principal Balance of this Certificate divided by the Initial Class A-1 Certificate Principal Balance, both as set forth above.

More Definitions of Class A-1 Certificate Principal Balance

Class A-1 Certificate Principal Balance. As to any Distribution Date, the Initial Certificate Principal Balance for the Class A-1 Certificates less the portions of the Senior Principal Distribution Amounts allocated and actually distributed to the holders of the Class A-1 Certificates on previous Distribution Dates.

Class A-1 Certificate Principal Balance. As to any Distribution Date, the Certificate Principal Balance for the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-1 Certificates less the aggregate of all amounts actually distributed with respect to the Class A-1 Distribution Amount pursuant to Section 7.03(b)(iv) hereof with respect to principal thereon on all prior Payment Dates; provided, however, that solely for the purposes of determining the Certificate Insurer's rights, as subrogee, the Class A-1 Certificate Principal Balance shall not be reduced by any principal amounts paid to the Owners thereof from Insured Payments.

Class A-1 Certificate Principal Balance. The Class Certificate Balance for the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. As of any date of determination, the Original Certificate Principal Balance of all Class A-1 Certificates less any principal amounts actually distributed with respect to the Class A-1 Certificates pursuant to Section 7.5(c)(i) hereof on all prior Payment Dates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-1 Certificates less the aggregate of all amounts actually

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-l Certificates less the aggregate of all amounts actually distributed with respect to the Class A-l Distribution Amount pursuant to Section 7.03(b)(iii)(B) hereof with respect to principal thereon on all prior Payment Dates; PROVIDED, HOWEVER, that solely for the purposes of determining the Certificate Insurer's rights, as subrogee, the Class A-l Certificate Principal Balance shall not be reduced by any principal amounts paid to the Owners thereof from Insured Payments.