Class Notional Amount definition

Class Notional Amount. Not applicable.

Class Notional Amount. With respect to each Class of Notional Certificates, the applicable class notional amount calculated as provided in the Preliminary Statement hereto.

Class Notional Amount. The aggregate hypothetical or notional amount on which any Class of Interest Only Certificates accrues or is deemed to accrue interest from time to time, as calculated in accordance with Section 2.15(e).

Examples of Class Notional Amount in a sentence

• Each Class of Reference Tranche will have the initial Class Notional Amount set forth in the definition of “Reference Tranches” in Article I (Definitions) in this Agreement, and the aggregate of the initial Class Notional Amounts of all the Reference Tranches will equal the Cut-off Date Balance.

• Improved mesh quality typically requires increased number of smaller elements, with adjacent elements having similar sizes, aspect ratio of elements should be close to 1, mesh should have low non-orthogonality and low skewness.

• On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above.

• If any RCR Notes are held by Holders, any Tranche Write-up Amount that is allocable to the related Exchangeable Notes will be allocated to increase the Class Principal Balance or Class Notional Amount, as applicable, of the RCR Notes.

• The Class Principal Balance of each Class of Original Notes will at all times equal the Class Notional Amount of the Reference Tranche that corresponds to such Class of Notes.

More Definitions of Class Notional Amount

Class Notional Amount. With respect to each Class of Reference Tranche as of any Payment Date, a notional amount equal to the initial Class Notional Amount of such Class of Reference Tranche, minus the aggregate amount of Senior Reduction Amounts and/or Subordinate Reduction Amounts allocated to such Class of Reference Tranche on such Payment Date and all prior Payment Dates, minus the aggregate amount of Tranche Write-down Amounts allocated to reduce the Class Notional Amount of such Class of Reference Tranche on such Payment Date and on all prior Payment Dates, and plus the aggregate amount of Tranche Write- up Amounts allocated to increase the Class Notional Amount of such Class of Reference Tranche on such Payment Date and on all prior Payment Dates. For the avoidance of doubt, no Tranche Write-up Amount or Tranche Write-down Amount will be applied twice on the same Payment Date.

Class Notional Amount. With respect to any of the Class X Certificates and the Class X-M Regular Interests, the related notional amount for such Class, as specified herein (e.g., the "Class Notional Amount" for the Class I-X Certificates and the Class I-X-M Regular Interest is the Class I-X Notional Amount).

Class Notional Amount. With respect to the Interest-Only Certificates, the applicable class notional amount calculated as provided in the Preliminary Statement to this Agreement.

Class Notional Amount. With respect to the Class X Certificates and the Class X-L Regular Interest, the Class X-L Notional Amount.

Class Notional Amount. The Class X-1 Notional Amount or the Class X-2 Notional Amount, as the context requires.

Class Notional Amount. Any of the Class I-X Notional Amount, the Class II-X Notional Amount, the Class III-X Notional Amount or the Class IV-X Notional Amount, as applicable.

Class Notional Amount. With respect to the Class A-IO Certificates and any Distribution Date, the sum of the Component Notional Amounts of the A-IO(1) Component and the A-IO(2) Component. The initial Class Notional Amount of the Class A-IO Certificates is $120,000,000. Class A Certificates: Collectively, the Class I-A, Class 2-Al, Class 2-A2 and Class A-IO Certificates.