Class Certificate Notional Balance definition

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.

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.

Examples of Class Certificate Notional Balance in a sentence

• For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 2 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-2-A 0%, Class A-2-B 0%, Class A-2-C 0%, and Class A-X-2, 0.051%.

• For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 1 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-1-A 0%, Class A-1-B 0%, Class A-1-C 0%, and Class A-X-1, 0.023%.

• 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 on or prior to the Distribution Date in November 2011, the sum of the Class Certificate Principal Balances of the Class A-1 and Class A-2 Certificates immediately prior to such Distribution Date, and after the Distribution Date in November 2011, zero.

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. With respect to the Class 1-AX Certificate and any Distribution Date up to and including the Distribution Date in December 2010, the sum of the Class Certificate Principal Balances of the Class 1A-1 and Class 1A-2 Certificates before such Distribution Date; for any Distribution Date thereafter, zero. With respect to the Class 2-AX Certificate and any Distribution Date up to and including the Distribution Date in January 2013, the sum of the Class Certificate Principal Balances of the Class 2A-1 and Class 2A-2 Certificates before such Distribution Date; for any Distribution Date thereafter, zero. With respect to the Class 3-AX Certificate and any Distribution Date up to and including the Distribution Date in November 2014, the sum of the Class Certificate Principal Balances of the Class 3A-1 and Class 3A-2 Certificates before such Distribution Date; for any Distribution Date thereafter, zero. With respect to the Class 4-AX Certificate and any Distribution Date up to and including the Distribution Date in November 2017, the sum of the Class Certificate Principal Balances of the Class 4A-1 and Class 4A-2 Certificates before such Distribution Date; for any Distribution Date thereafter, zero.