Group I Certificate Principal Balance definition

Group I Certificate Principal Balance. For any date of determination, the sum of the Class IA-1 Certificate Principal Balance, the Class IA-2 Certificate Principal Balance, the Class IA-3 Certificate Principal Balance, the Class IA-4 Certificate Principal Balance, the Class IA-5 Certificate Principal Balance, the Class IA-6 Certificate Principal Balance, the Class IM-1 Certificate Principal Balance, the Class IM-2 Certificate Principal Balance, the Class IB Certificate Principal Balance and the Class C Group I Certificate Principal Balance, in each case for such date of determination.

Group I Certificate Principal Balance. The sum of "Group II Certificate Principal Balance": The sum the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class of the Class AV-1, Class MV-1, Class MV-2, Class BV-1, AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BV-2 and Class BV-3 Certificate Principal Class BF-2 and Class BF-3 Certificate Principal Balances. Balances.

Group I Certificate Principal Balance. The sum of the Class IA-1 Certificate Principal Balance, the Class IA-2 Certificate Principal Balance, the Class IA-3 Certificate Principal Balance, the Class IA-4 Certificate Principal Balance, the Class IA-5 Certificate Principal Balance, the Class IA-6 Certificate Principal Balance, the Class IM-1 Certificate Principal Balance, the Class IM-2 Certificate Principal Balance and the Class IB Certificate Principal Balance.

Examples of Group I Certificate Principal Balance in a sentence

• All reductions in the Group I Certificate Principal Balance of a Certificate effected by distributions of principal or allocations of Realized Losses with respect to Group I Loans made on any Distribution Date shall be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer or exchange therefor or in lieu thereof, whether or not such distribution is noted on such Certificate.

• Notwithstanding clause (v) above, the aggregate amounts distributed on all Distribution Dates to the Holders of the Class A-1 Certificates on account of the Group I Class A Principal Distribution Amount shall not exceed the Original Group I Certificate Principal Balance of the Class A-1 Certificates.

• Realized Losses on the Group I Loans for any Distribution Date will first, cause a reduction in Net Monthly Excess Cash Flow for that Distribution Date, second, reduce the available Net Swap Payments from the Swap Providers, if any, for that Distribution Date, and third cause a reduction in the Group I Certificate Principal Balance of the Class I-CE Certificates for that Distribution Date, until the Group I Certificate Principal Balance thereof has been reduced to zero.

• Any allocation of Realized Losses to a Class I-A-3 Certificate, Class I-A-4 Certificate or Group I Mezzanine Certificate on any Distribution Date shall be made by reducing the Group I Certificate Principal Balance thereof by the amount so allocated as of such Distribution Date after all distributions on such Distribution Date have been made.

• In addition, to the extent the related Servicer receives Subsequent Recoveries with respect to any defaulted Group I Loan, the amount of the Realized Loss with respect to that defaulted Group I Loan will be reduced to the extent such Subsequent Recoveries are applied to reduce the Group I Certificate Principal Balance of any Class of Adjustable Rate Certificates on any Distribution Date.

More Definitions of Group I Certificate Principal Balance

Group I Certificate Principal Balance. The sum of the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2 and Class BF-1 Certificate Principal Balances.

Group I Certificate Principal Balance. With respect to any Payment Date, the aggregate of the Class A-1 Certificate Principal Balance, the Class A-2 Certificate Principal Balance, the Class A-3 Certificate Principal Balance and the Class A-4 Certificate Principal Balance as of such Payment Date.

Group I Certificate Principal Balance. The sum of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-5 Certificate Principal Balances.

Group I Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balances of all Group I Certificates.

Group I Certificate Principal Balance. The Certificate Principal Balance with respect to a Group I Senior Certificate, Group I Mezzanine Certificate or Class I-P Certificate outstanding at any time, represents the then maximum amount that the holder of such Certificate is entitled to receive as distributions allocable to principal from the cash flow on the Group I Loans and the other assets in the Trust Fund. The Certificate Principal Balance of a Group I Senior Certificate, Group I Mezzanine Certificate or Class I-P Certificate as of any date of determination is equal to the initial Certificate Principal Balance of such Certificate reduced by the aggregate of (i) all amounts allocable to principal previously distributed with respect to that Certificate, and (ii) any reductions in the Certificate Principal Balance of such Certificate deemed to have occurred in connection with allocations of Realized Losses, if any, plus any Subsequent Recoveries added to the Certificate Principal Balance of such Certificate pursuant to Section 6.4. The Certificate Principal Balance of the Class I-CE Certificates as of any date of determination is equal to the excess, if any, of (i) the then aggregate Principal Balance of the Group I Loans over (ii) the then aggregate Certificate Principal Balance of the Group I Senior Certificates, the Group I Mezzanine Certificates and the Class I-P Certificates. The initial Certificate Principal Balance of each Class of Group I Certificates is set forth in the Preliminary Statement hereto. When used in reference to a Class, the term Certificate Principal Balance means the aggregate of the Certificate Principal Balances of all Group I Certificates of such Class, and when used in reference to a group of Classes (such as the Group I Senior Certificates and Group I Mezzanine Certificates) shall mean the aggregate Certificate Principal Balances of all Classes of Group I Certificates included in such group.

Group I Certificate Principal Balance. As of any date of determination, the Original Certificate Principal Balance of the Class A-1 Certificates less any amounts actually distributed as part of the Class A-1 Distribution Amount pursuant to Section 7.5 hereof made with respect to principal thereon on all prior Payment Dates; provided, that, this amount is exclusive of Insured Payments for the sole purpose of effecting the Certificate Insurer's subrogation rights.

Group I Certificate Principal Balance. The sum of the Class A-1 Certificate Principal Balance, the Class A-2 Certificate Principal Balance and the Class A-3 Certificate Principal Balance.