Class HI. M-1 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-1 Formula Distribution Amount" and (b) the Unpaid Class HI: M-1 Interest Shortfall, if any.
Class HI. B-2 Liquidation Loss Interest Shortfall" means, as to any Payment Date, the amount, if any, by which the Class HI: B-2 Formula Liquidation Loss Interest Distribution Amount exceeds (a) the sum of (1) the Class HI: B-2 Total Formula Distribution Amount and (2) the Class HI: B-2 Liquidation Loss Principal Amount less (b) the sum of (1) the Class HI: B-2 Total Distribution Amount, (2) any Class HI: B-2 Guaranty Payment and (3) any Class HI: B-2 Interest Shortfall.
Class HI. B-1 Formula Liquidation Loss Interest Distribution Amount" means, as to any Payment Date, the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding July 15, 1997) at the Class HI: B-1 Pass-Through Rate on the Class HI: B-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date on the basis of a 360-day year of twelve 30-day months, and (b) the Unpaid Class HI: B-1 Liquidation Loss Interest Shortfall, if any.
Examples of Class HI in a sentence
Amount applied to Unpaid Class HI: B-2 Interest Shortfall .00 69.
Remaining Unpaid Class HI: B-2 Interest Shortfall .00 PRINCIPAL 70.
Interest at Class HI: B-2 Pass-Through Rate on: (a) Class HI: B-2 Liquidation Loss Principal Amount .00 (b) Unpaid Class HI: B-2 Liquidation Loss Interest Shortfall .00 81.
Interest at Class HI: B-1 Pass-Through Rate on: (a) Class HI: B-1 Liquidation Loss Principal Amount .00 (b) Unpaid Class HI: B-1 Liquidation Loss Interest Shortfall .00 63.
Class HI: B Percentage of Formula Principal Distribution Amount .00 57.
More Definitions of Class HI
Class HI. B-1 Cross-over Date" means the Payment Date on which the Class HI: B-1 Principal Balance (after giving effect to the distributions of principal on the Class HI: B-1 Certificates on such Payment Date) is reduced to zero.
Class HI. B-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: B-2 Formula Distribution Amount" and (b) the Unpaid Class HI: B-2 Interest Shortfall, if any.
Class HI. B-[1][2] No. (Subordinate)
Class HI. B-1 Liquidation Loss Principal Amount" means, as to any Payment Date, the lesser of (a) the excess, if any, of the Sub-Pool HI Aggregate Liquidation Loss Principal Amount over the Class HI: B-2 Principal Balance, and (b) the Class HI: B-1 Principal Balance.
Class HI. B," "Class HE: A," "Class HE: M," "Class HE: B," or "Class C" means pertaining to Class HI: A Certificates, Class HI: M Certificates, Class HI: B Certificates, Class HE: A Certificates, Class HE: M Certificates, Class HE: B Certificates, and/or the Class C Certificates, as the case may be.
Class HI. M-2 Cross-over Date" means the Payment Date on which the Class HI: M-2 Principal Balance (after giving effect to the distributions of principal on the Class HI: M-2 Certificates on such Payment Date) is reduced to zero.
Class HI. A Formula Distribution Amount" and (2) the Unpaid Class HI: A Interest Shortfall, if any, with respect to such Class.