Class A-X Notional Amount definition

Class A-X Notional Amount. With respect to any Distribution Date, an amount equal to the aggregate Scheduled Principal Balance of the Non-Discount Mortgage Loans.

Class A-X Notional Amount. With respect to any Distribution Date and the Class A-X Certificates, the product of (x) the aggregate Stated Principal Balance, as of the second preceding Due Date (after giving effect to Scheduled Payments for that Due Date, whether or not received), or for the initial Distribution Date, as of the Cut-off Date, of the Premium Rate Mortgage Loans with respect to Loan Group 2 and Loan Group 4 (excluding any Special Payoff Mortgage Loans); and (y) a fraction, the numerator of which is the weighted average of the related Stripped Interest Rates for the Premium Rate Mortgage Loans with respect to Loan Group 2 and Loan Group 4 as of such date (excluding any Special Payoff Mortgage Loans) and the denominator of which is 6.00%.

Class A-X Notional Amount. As of the Closing Date, $783,564 and for each Distribution Date, the product of (x) a fraction, the numerator of which is the weighted average of the Net Rates of the Premium Loans at the beginning of the related Due Period minus 6.00% and the denominator of which is 7.00% and (y) the total principal balance of the Premium Loans as of the first day of the related Interest Accrual Period.

Examples of Class A-X Notional Amount in a sentence

• For purposes of calculating the reduction in the Interest Distribution Amount for the Class A-X Certificates in respect of Loan Group 2 and Loan Group 3, such reduction will be based on the amount of interest accruing on the portion of the Class A-X Notional Amount derived from such Loan Group.

• The notional amount of the Class LTA-X Interest shall equal the Class A-X Notional Amount.

• For purposes of calculating the reduction in the Interest Distribution Amount for the Class A-X Certificates in respect of any Loan Group, such reduction will be based on the amount of interest accruing on the portion of the Class A-X Notional Amount derived from such Loan Group.

• All interest payments with respect to the Class A-X Certificates shall be considered to have been made solely from the interest payments of the Class A-X Regular Interest of REMIC I, and the notional principal amount of the Class A-X Regular Interest shall be equal at all times to the Class A-X Notional Amount.

• All interest payments with respect to the Class A-X Certificates shall be considered to have been made solely from the interest payments of the Class A-X Regular Interest of REMIC I, and the notional principal balance of the Class A-X Regular Interest shall be equal at all times to the Class A-X Notional Amount.

More Definitions of Class A-X Notional Amount

Class A-X Notional Amount. As of the Closing Date approximately $29,513,074 and thereafter, with respect to any Distribution Date will equal the total Principal Balance, as of the first day of the month preceding such Distribution Date (after giving effect to all payments scheduled to be made on such Distribution Date whether or not received), of the Premium Loans multiplied by the following fraction: the weighted average of the Pass-Through Rates of the Premium Loans as of the first day of such month minus 4.75% ----------------------------------------------------------- 4.75%

Class A-X Notional Amount. As of the Closing Date approximately $5,992,013, and thereafter, with respect to any Distribution Date will equal the total Principal Balance, as of the first day of the month preceding such Distribution Date (after giving effect to all payments scheduled to be made on such whether or not received), of the Premium Loans multiplied by the following fraction: the weighted average of the Pass-Through Rates of the Premium Loans as of the first day of such month minus 6.75% ----------------------------------------------------------- 6.75%

Class A-X Notional Amount. With respect to any Distribution Date, an amount equal to the product of (a) the aggregate Scheduled Principal Balance of the Non-Discount Mortgage Loans and (b) a fraction the numerator of which is the weighted average of the Stripped Interest Rates of the Non-Discount Mortgage Loans and the denominator of which is 6.00%.

Class A-X Notional Amount. With respect to any Distribution Date, the product of (x) the aggregate scheduled principal balance, as of the second preceding Due Date after giving effect to payments scheduled to be received as of such Due Date, whether or not received (and after giving effect to Principal Prepayments, Monthly P&I Advances and the principal portion of Realized Losses applied prior to such Due Date), or with respect to the initial Distribution Date, as of the Cut-Off Date, of the Group I and Group III Premium Rate Mortgage Loans and (y) a fraction, the numerator of which is the weighted average of the Stripped Interest Rates for the Group I and Group III Premium Rate Mortgage Loans as of such Due Date and the denominator of which is 6.500%.

Class A-X Notional Amount. With respect to any Distribution Date, an amount equal to the sum of the Class A-X Component One Notional Amount and the Class A-X Component Two Notional Amount.

Class A-X Notional Amount. With respect to any Distribution Date and the Class A-X Certificates, the product of (x) the aggregate Stated Principal Balance, as of the second preceding Due Date (after giving effect to Scheduled Payments for that Due Date, whether or not received or, for the initial Distribution Date, as of the Cut-off Date) of the Premium Rate Mortgage Loans in Loan Group II and Loan Group III as of that Due Date and (y) a fraction, the numerator of which is the weighted average of the Stripped Interest Rates for the Premium Rate Mortgage Loans in Loan Group II and Loan Group III as of that Due Date and the denominator of which is 6.00%.

Class A-X Notional Amount. With respect to any Distribution Date and the Class A-X Certificates, the product of (x) the aggregate Stated Principal Balance, as of the second preceding Due Date after giving effect to Scheduled Payments for that Due Date, whether or not received, or for the initial Distribution Date, as of the Cut off Date, of the Premium Rate Mortgage Loans in Subgroup 2-4; and (y) a fraction, the numerator of which is the weighted average of the related Stripped Interest Rates for the Premium Rate Mortgage Loans in Subgroup 2-4 and the denominator of which is 6.00%.