Class A-1 Monthly Principal definition

Class A-1 Monthly Principal means that portion of Monthly Principal to be paid to Class A-1 Noteholders on each Payment Date in accordance with Section 9.04.
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Class A-1 Monthly Principal means that portion of Monthly Principal to be distributed to Class A-1 Certificateholders on each Distribution Date in accordance with Section 9.04.
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Class A-1 Monthly Principal means (A) with respect to each Payment Date other than the Class A-1 Stated Maturity Date, until the Class A-1 Note Balance has been reduced to zero, an amount equal to the product of (a) the Class A Percentage and (b) Monthly Principal; PROVIDED, HOWEVER, that in no event shall the Class A-1 Monthly Principal due on any Payment Date exceed the Class A-1 Note Balance as of such Payment Date and (B) on the Class A-1 Stated Maturity Date, the entire amount of the then-Outstanding Note Balance.
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Examples of Class A-1 Monthly Principal in a sentence

  • The factual and procedural history of this case is briefly summarized below to help clarify the limited issues subject to resolution in this Memorandum Opinion.


More Definitions of Class A-1 Monthly Principal

Class A-1 Monthly Principal. As to any Distribution Date, (I) the aggregate of (i) all Principal Payments received or deemed to have been received during the related Collection Period in respect of the Mortgage Loans in Group I, (ii) all Trust Insurance Proceeds received during the related Collection Period and allocable to principal of the related Mortgage Loans in Group I, (iii) all Net Liquidation Proceeds received during the related Collection Period and allocable to principal of the related Mortgage Loans in Group I, (iv) the aggregate of the amounts deposited in the Certificate Account on the related Deposit Date by the Seller or the Servicer, as applicable, in connection with any purchase, repurchase or substitution of any Mortgage Loan in Group I pursuant to Section 2.03, 2.05, 3.01 or 3.06, net of any amounts allocable to interest in respect thereof, (v) the aggregate of the amounts deposited in the Certificate Account by the Servicer or the Certificate Insurer in connection with a purchase pursuant to Section 10.01 during the related Collection Period of any Mortgage Loan in Group I, net of any amounts allocable to interest in respect thereof, and (vi) the amount, if any, deposited during the related Collection Period in the Certificate Account by the Trustee in respect of the Group I Purchase Account Deposit pursuant to Section 3.16, reduced by (II) the amount of any Class A-1 Coverage Surplus with respect to such Distribution Date. For the limited purpose of stating the obligations of the Trust with respect to distributions in reduction of principal on the Class A-1 Certificates, Class A-1 Monthly Principal for any Distribution Date shall be deemed to include the Class A-1 Coverage Deficit for such Distribution Date and any Preference Amount relating to the Class A-1 Certificates. Class A-1 Monthly Principal for any Distribution Date shall be allocated for distribution to Class A-1A Certificateholders, Class A-1B Certificateholders, Class A-1C
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Class A-1 Monthly Principal means (A) with respect to each Payment Date other than the Class A-1 Stated Maturity Date, until the Class A-1 Note Balance has been reduced to zero, an amount equal to the product of (a) the Class A Percentage and (b) Monthly Principal; provided, however, that in no event shall the Class A-1 Monthly Principal due on any Payment Date exceed the Class A-1 Note Balance as of such Payment Date and (B) on the Class A-1 Stated Maturity Date, the entire amount of the then-Outstanding Note Balance.
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Related to Class A-1 Monthly Principal

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Monthly Principal is defined in Section 4.1(d).

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Class A-1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 55.50% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date.

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Class A-1 Rate means 5.604% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Class A-2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the sum of the Certificate Principal Balances of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.00% and (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group II Mortgage Loans as of the Cut-off Date.

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A Note Initial Principal Balance means $750,000,000.