Class M-1H Reference Tranche definition

Class M-1H Reference Tranche means a Reference Tranche associated with the Reference Pool that is pro rata with the Class M-1 Reference Tranche, with an Initial Class Notional Amount as set forth in Annex 1, and which, together with the Class M-1 Reference Tranche, has an Initial Subordination and Credit Enhancement in respect of the Reference Pool as set forth in Annex 1.
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Class M-1H Reference Tranche means a Reference Tranche associated with the Reference Pool that is pro rata with the Class M-1 Reference Tranche, with an Initial Class Notional Amount as set forth in Annex 1, and which, together with the Class M-1 Reference Tranche,
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Examples of Class M-1H Reference Tranche in a sentence

  • The Class A-H Reference Tranche, Class M-1H Reference Tranche, Class M-2AH Reference Tranche, Class M-2BH Reference Tranche, Class B-1AH Reference Tranche, Class B-1BH Reference Tranche, Class B-2AH Reference Tranche, Class B-2BH Reference Tranche and Class B-3H Reference Tranche will not have corresponding Notes and will be referenced only in connection with making calculations of principal payments required to be made on the Notes and reductions and increases in the Class Principal Balances of the Notes.

  • For the Class M-1H Reference Tranche, the product of (i) the Class M-1H Reference Tranche Insured Percentage, (ii) the Class M-1H Annual Premium Rate, (iii) the Class Notional Amount of the Class M-1H Reference Tranche as of the immediately prior Premium Payment Date, and (iv) the actual number of days from and including such prior Premium Payment Date to and including the day immediately preceding the Premium Payment Date on which the calculation occurs divided by 360.

  • The Class A-H Reference Tranche, Class M-1H Reference Tranche, Class M-2H Reference Tranche, Class B-1H Reference Tranche and Class B-2H Reference Tranche will not have corresponding Notes and will be referenced only in connection with making calculations of principal payments required to be made on the Notes and reductions and increases in the Class Principal Balances of the Notes.

  • Represents the initial subordination and credit enhancement available to the Class M-1H Reference Tranche.

  • On the Closing Date, the Class M-1H Reference Tranche will represent not less than 5% of the combined initial Class Notional Amount of the Class M-1 and Class M-1H Reference Tranches, and the Class M-2H Reference Tranche will represent not less than 5% of the combined initial Class Notional Amount of the Class M-2 and Class M-2H Reference Tranches.

  • The initial Class Notional Amount of the Class M-1 Reference Tranche is $177,000,000 (which corresponds to the original Class Principal Balance of the Class M-1 Notes) and the initial Class Notional Amount for the Class M-1H Reference Tranche is $73,093,526.

  • The initial Class Notional Amount of the Class M-1 Reference Tranche is $170,000,000 (which corresponds to the original Class Principal Balance of the Class M-1 Notes) and the initial Class Notional Amount for the Class M-1H Reference Tranche is $9,513,717.

  • The initial Class Notional Amount of the Class M-1 Reference Tranche is $279,000,000 (which corresponds to the original Class Principal Balance of the Class M-1 Notes) and the initial Class Notional Amount for the Class M-1H Reference Tranche is $109,145,188.

  • The initial Class Notional Amount of the Class M-1 Reference Tranche is $337,500,000 (which corresponds to the initial Class Principal Balance of the Class M-1 Notes) and the initial Class Notional Amount for the Class M-1H Reference Tranche is $23,711,074.

  • The initial Class Notional Amount of the Class M-1 Reference Tranche is $110,000,000 (which corresponds to the original Class Principal Balance of the Class M-1 Notes) and the initial Class Notional Amount for the Class M-1H Reference Tranche is $43,607,284.