Class R-1 Balance definition
Class R-1 Balance on any day means an amount equal to Net Draws at the close of business on the previous day.
Examples of Class R-1 Balance in a sentence
The Class R-1 Balance will be repaid to the Class R-1 Certificates from Principal Collections on the Mortgage Loans allocated to the Certificates on future Payment Dates and will be entitled to allocation of Interest Collections on the Mortgage Loans.
The Class R-[1] Balance will be repaid to the Class R-[1] Certificates from Principal Collections on the Mortgage Loans allocated to the Certificates on future Payment Dates and will be entitled to allocation of Interest Collections on the Mortgage Loans.