Class Balance definition

Class Balance. With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

Class Balance means, as of any date, the Class A-1 Note Balance, the Class A-2a Note Balance, the Class A-2b Note Balance, the Class A-3 Note Balance, or the Class A-4 Note Balance, as applicable.

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, plus, in the case of any Lower Tier Accrual Class, the portion of the Lower Tier Accrual Amount attributable thereto, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination.

Examples of Class Balance in a sentence

• The following table sets forth the designation, Pass-Through Rate and Original Class Balance for each Class of Certificates comprising the interests in the Trust Fund created hereunder.

• On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the Underwriter, and the Underwriter agrees to purchase from the Company, the aggregate Class Balance of the Offered Certificates, at the purchase price set forth in Schedule I hereto.

• The Class R-II Certificate will be designated as the sole class of residual interests in REMIC II and will have no Class Balance and no Pass-Through Rate, but will be entitled to receive the proceeds of any assets remaining in REMIC II after all classes of REMIC II Regular Interests have been paid in full.

• To the extent a Collateral Value Adjustment is reversed, such reversed amount shall be allocated by the Trustee to the Classes the Interest Distribution Amount of which at the time of such allocation is calculated by reference to a Class Balance adjusted by a Collateral Value Adjustment in alphabetic order.

• REMIC 1 will issue three regular interests for purposes of the REMIC Provisions, designated as the Class 1A1 Interest, Class 1A2 Interest and Class 1A3 Interest, each with an initial Uncertificated Balance equal to the Original Class Balance of the Corresponding Certificates and with a pass-through rate equal to the Pass-Through Rate of the Corresponding Certificates.

More Definitions of Class Balance

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes (other than any notional Classes specified in the Lower Tier Schedule) as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, plus, in the case of each Lower Tier Accrual Class, the portion of the aggregate amount of all Lower Tier Accrual Amounts attributable thereto prior to such date of determination, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination. As to any Lower Tier Regular Class that is a notional Class, the aggregate of the Certificate Balances of all certificates of the Companion Class (or Classes) for such Class (as specified in the Lower Tier Schedule).

Class Balance. With respect to any Exchangeable Class or Exchange Class, at any time, the aggregate of the Certificate Principal Amounts of all Outstanding Certificates of such Class.

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination.

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes (other than any notional Classes specified in the Lower Tier Schedule) as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination. As to any Lower Tier Regular Class that is a notional Class, the aggregate of the Certificate Balances of all Certificates of the Companion Class (or Classes) for such Class (as specified in the Lower Tier Schedule).

Class Balance. With respect to any Class, the aggregate principal amount of such Class outstanding as of any date of determination equal to (A) the Original Class Balance thereof plus (B) any Collateral Value Adjustment Capitalization Amount minus (C) any amounts allocated or distributed to such Class in reduction of its Class Balance pursuant to the terms hereof.

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, plus, in the case of the Lower Tier Accrual Classes, the Lower Tier Accrual Amount, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination.

Class Balance. With respect to any Grantor Trust Class and any date of determination, the then outstanding balance of the Companion Class for such Class (as specified in the Class Schedule).