Class X-1 Notional Amount definition

Class X-1 Notional Amount means, with respect to any Distribution Date, the aggregate of the Certificate Balances of the Principal Balance Certificates as of the close of business on the preceding Distribution Date.

Class X-1 Notional Amount. Immediately prior to any Distribution Date, with respect to the Class X-1 Certificates, an amount equal to the aggregate of the Uncertificated Principal Balances of the REMIC 2 Regular Interests (other than REMIC 2 Regular Interests MT-P and MT- R).

Class X-1 Notional Amount. As of any date of determination, the sum of the then Component Notional Amounts of all the Components.

Examples of Class X-1 Notional Amount in a sentence

• Class X-1 Notional Amount: Immediately prior to any Distribution Date, with respect to the Class X-1 Certificates, an amount equal to the aggregate of the Uncertificated Principal Balances of the REMIC 2 Regular Interests (other than REMIC 2 Regular Interests MTI-P and MTI-R).

• In the case of the Class X Certificates, the Class X-1 Notional Amount and Class X-2 Notional Amount, respectively.

• Class X-1 Distributable Amount: With respect to any Distribution Date, the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class X-1 Notional Amount for such Distribution Date.

• With respect to the Class X-1 Notional Amount and Class X-2 Notional Amount, the initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

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

More Definitions of Class X-1 Notional Amount

Class X-1 Notional Amount means, with respect to the Class X-1 Certificates and any date of determination, the aggregate of the outstanding Certificate Balances of the Principal Balance Certificates.

Class X-1 Notional Amount. The aggregate notional principal amount on which the Class X-1 Certificates accrue interest from time to time which, as of any date of determination, is equal to the then aggregate Uncertificated Principal Balances of REMIC II Regular Interests XX-0-0, XX-0-0, XX-XX-0X-0, XX-0X-0X, XX-0X-0X, XX-0X-0X, XX-0X-0X, LA-1A-2E, LA-1A-2F, LA-1A-2G, LA-1A-2H, LA-1A-2I, LA-1A-2J, LA-1A-2K, LA-1A-2L, LA-1A-2M, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, LA-2-G, LA-3-A, LA-3-B, LA-4-A, LA-4-B, LA-5-A, LA-5-B, LA-5-C, LA-5-D, LA-5-E, LA-M, LA-J, LB, LC, LD-A, LD-B, LE-A, LE-B, LE-C, LF-A, LF-B, LF-C, LG-A, LG-B, LG-C, LH-A, LH-B, LJ-A, LJ-B, LK, LL-A , LL-B, LM, LN, LO, and LP Components.

Class X-1 Notional Amount. The aggregate notional principal amount on which the Class X-1 Certificates accrue interest from time to time which, as of any date of determination, is equal to the then aggregate Uncertificated Principal Balances of REMIC Regular Interests LA-1, LA-2-1, LA-2-2, LB, LC, LD, LE, LF, LG, LH, LJ, LK, LL, LM, LN, LO and LP.

Class X-1 Notional Amount. With respect to any Distribution Date and the Class X-1 Certificates, the aggregate Current Principal Amount of the Class A Certificates and the Class X-1 Certificates (before taking into account the payment of principal on such Certificates on such Distribution Date).

Class X-1 Notional Amount. For any Distribution Date, the aggregate Class Principal Balance of the Class A Certificates immediately before such Distribution Date.

Class X-1 Notional Amount. For any Distribution Date in or before May 2008, the Class A-1 Principal Balance immediately before such Distribution Date; and for any Distribution Date in or after June 2008, zero.

Class X-1 Notional Amount. For any Distribution Date in or before February 2008, the aggregate Class Principal Balance of the Auction Certificates immediately before such Distribution Date; and for any Distribution Date in or after March 2008, zero.