Class Certificate Notional Balance definition

Class Certificate Notional Balance. Not applicable.
Class Certificate Notional Balance. With respect to the Class X Certificates and any Distribution Date, the IO Component Notional Balance.
Class Certificate Notional Balance. With respect to the Class X-1 Certificates and any Distribution Date, the aggregate Class Certificate Principal Balance of the Class 1-A-1, Class 1-A-2A and Class 1-A-2B Certificates immediately prior to such Distribution Date. With respect to the Class X-2 Certificates and any Distribution Date, the Class Certificate Principal Balance of the Class 2-A Certificates immediately prior to such Distribution Date. With respect to the Class X-3 Certificates and any Distribution Date, the aggregate Class Certificate Principal Balance of the Subordinate Certificates immediately prior to such Distribution Date.

Examples of Class Certificate Notional Balance in a sentence

  • Provided however, that one Certificate of each such Class of Certificates may be in a different denomination so that the sum of the denominations of all outstanding Certificates of such Class shall equal the Class Certificate Principal Balance or Class Certificate Notional Balance of such Class on the Closing Date.


More Definitions of Class Certificate Notional Balance

Class Certificate Notional Balance. As of any Distribution Date and with respect to the Class X Certificates, an amount equal to the aggregate of the Class Certificate Principal Balances of the Class A Certificates and Class B-1 Certificates.
Class Certificate Notional Balance. With respect to the Class X Certificates and any Distribution Date, the aggregate Principal Balance of the Mortgage Loans.
Class Certificate Notional Balance. With respect to the Class A-X Certificates and any Distribution Date, the sum of the Certificate Principal Balances of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, the Class A-R Certificates and each class of Subordinate Certificates immediately prior to such Distribution Date.
Class Certificate Notional Balance. As of any Distribution Date and with respect to the Class X Certificates, an amount equal to the Pool Balance as of the first day of the month immediately preceding such Distribution Date.
Class Certificate Notional Balance. With respect to the Class A-X Certificates and any Distribution Date on or prior to the Distribution Date in January 2009, the sum of the Certificate Principal Balances of the Class A-1, Class A-2 and Class A-3 Certificates immediately prior to such Distribution Date, and after the Distribution Date in January 2009, zero. With respect to the Class I Certificates and any Distribution Date, the sum of the Stated Principal Balances for the Mortgage Loans in Loan Group 1 and Loan Group 2 as of the beginning of the related Due Period (or in the case of the first Distribution Date, as of the Cut-Off Date).
Class Certificate Notional Balance. With respect to the Class A-3 Certificates and any Distribution Date, the sum of the IO-1 Component Notional Balance and the IO-2 Component Notional Balance for such Distribution Date.
Class Certificate Notional Balance. As of any Distribution Date trough the Crossover Date, with respect to the Class X Certificates, an amount equal to the Class Certificate Principal Balance of the Class A Certificates for such Distribution Date; as to any Distribution Date thereafter, zero.