Initial Class Balance definition
Initial Class Balance means the Initial Class A-1 Note Balance, the Initial Class A-2a Note Balance, the Initial Class A-2b Note Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note Balance, as applicable.
Initial Class Balance. As to each Class of Certificates (other than the Exchangeable Certificates and the Interest Only Certificates), the Class Balance set forth in the Preliminary Statement. The Interest Only Certificates have no Initial Class Balance.
Examples of Initial Class Balance in a sentence
Correspondingly, the Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Class Balances of such Classes of Exchangeable REMIC Certificates bear to the Maximum Initial Class Balance of the Class of Exchangeable Certificates, as set forth in Exhibit S hereto.