Class A-2 Monthly Principal definition

Class A-2 Monthly Principal means that portion of Monthly Principal to be paid to Class A-2 Noteholders on each Payment Date in accordance with Section 9.04.
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Class A-2 Monthly Principal means that portion of Monthly Principal to be distributed to Class A-2 Certificateholders on each Distribution Date in accordance with Section 9.04.
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Class A-2 Monthly Principal means (A) prior to the Payment Date upon which the Class A-1 Note Balance is paid in full, zero, (B) on each Payment Date after the Class A-1 Note Balance has been reduced to zero and until the Class A-2 Note Balance has been reduced to zero, the product of (x) the Class A Percentage and (y) Monthly Principal; PROVIDED HOWEVER, that in no case shall the Class A-2 Monthly Principal due on any Payment Date exceed the Class A-2 Note Balance, and (C) on the Class A-2 Stated Maturity Date, the entire amount of the then outstanding Class A-2 Note Balance.
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Examples of Class A-2 Monthly Principal in a sentence

  • On each Distribution Date with respect to any Early Amortization Period, an amount equal to the sum of Class A-1 Monthly Principal and Class A-2 Monthly Principal will be distributed to the Class A-1 Certificateholders and the Class A-2 Certificateholders, respectively.


More Definitions of Class A-2 Monthly Principal

Class A-2 Monthly Principal means, with respect to any Distribution Date, the amount of monthly principal distributable with respect to the Class A-2 Certificates on such Distribution Date, as determined pursuant to Section 4.03.
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Class A-2 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 II, (ii) all Trust Insurance Proceeds received during the related Collection Period and allocable to principal of the related Mortgage Loans in Group II, (iii) all Net Liquidation Proceeds received during the related Collection Period and allocable to principal of the related Mortgage Loans in Group II, (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 II 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 II, 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
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Class A-2 Monthly Principal means (A) prior to the Payment Date upon which the Class A-1 Note Balance is paid in full, zero, (B) on each Payment Date after the Class A-1 Note Balance has been reduced to zero and until the Class A-2 Note Balance has been reduced to zero, the product of (x) the Class A Percentage and (y) Monthly Principal; provided however, that in no case shall the Class A-2 Monthly Principal due on any Payment Date exceed the Class A-2 Note Balance, and (C) on the Class A-2 Stated Maturity Date, the entire amount of the then outstanding Class A-2 Note Balance.
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Class A-2 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 II, (ii) all Trust Insurance Proceeds received during the related Collection Period and allocable to principal of the related Mortgage Loans in Group II, (iii) all Net
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Related to Class A-2 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).

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

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

  • 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-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • 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-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-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • 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 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.

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

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

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • 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 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.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Class B-1 Principal Balance As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.

  • 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.