Class M-1 Principal Balance definition

Class M-1 Principal Balance means, as to any Remittance Date, the Original Class M-1 Principal Balance less all amounts previously distributed to Holders of Class M-1 Certificates on account of principal.

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Class M-1 Principal Balance. At any time, the Original Class M-1 Principal Balance minus the sum of all amounts previously distributed on the Class M-1 Certificates since the Closing Date pursuant to clauses A(vi) and B(vi) of Section 6.01(a).

Class M-1 Principal Balance. As of any Distribution Date, (a) the Class M-1 Principal Balance for the immediately preceding Distribution Date less (b) amounts distributed to the Class M-1 Certificateholders on such preceding Distribution Date allocable to principal (including the principal portion of Advances of the Servicer made pursuant to Section 6.03 and Realized Losses allocated to the Class M-1 Certificates pursuant to Section 6.04); provided that the Class M-1 Principal Balance on the first Distribution Date shall be the Original Class M-1 Principal Balance, and provided further that if the aggregate Outstanding Certificate Principal Balance of the Class B Certificates has been reduced to zero, as of any Distribution Date, the Class M-1 Principal Balance will equal the excess of the Mortgage Pool Principal Balance (together with the portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the sum of the Class A Principal Balance and the Class A-M Principal Balance.

Examples of Class M-1 Principal Balance in a sentence

Sum of Class M-1 Principal Balance and Class B Principal Balance (before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date is greater than 23.25%.
Sum of Class M-1 Principal Balance and Class B Principal Balance (before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date is greater than 24.375%.
Sum of Class M-1 Principal Balance, Class M-2 Principal Balance, Class B Principal Balance before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date is equal to or greater than ______%.
Sum of Class M-1 Principal Balance, Class M-2 Principal Balance, Class B Principal Balance and Overcollateralization Amount before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date is greater than 22.875%.
Sum of Class M-1 Principal Balance, Class M-2 Principal Balance, Class B Principal Balance and the Overcollateralization Amount before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date is equal to or greater than 27.375%.

More Definitions of Class M-1 Principal Balance

Class M-1 Principal Balance means, as to any Payment Date, the Original Class M-1 Principal Balance minus the sum of

Class M-1 Principal Balance means, as to any Distribution Date, the --------------------------- Original Class M-1 Principal Balance less all amounts distributed to Holders of Class M-1 Notes on prior Distribution Dates on account of principal.

Class M-1 Principal Balance means, as of any date, the Original Class M-1 --------------------------- Principal Balance minus the aggregate cumulative amount of (i) amounts described in Section X(vi) hereof prior to such date, (ii) amounts described in Section X(vii) hereof, prior to such date and (iii) amounts described in Section Y(vii) hereof prior to such date.

Class M-1 Principal Balance means, for any Payment Date, the sum of the Class MF-1 Principal Balance and the Class MV-1 Principal Balance.

Class M-1 Principal Balance means, as to any Payment Date, the --------------------------- Original Class M-1 Principal Balance minus the sum of

Class M-1 Principal Balance means, as of any date, the Original Class M-1 Principal Balance minus the aggregate cumulative amount of (i) amounts described in Section 6.05(f) hereof prior to such date, (ii) amounts described in Section 6.05(g) hereof, prior to such date and (iii) amounts described in Section 6.07(g) hereof prior to such date.

Class M-1 Principal Balance means as to any Remittance Date, the sum --------------------------- of the Class M-1-A Principal Balance and the Class M-1-F Principal Balance.