IO Notional Amount definition
IO Notional Amount. As to any Distribution Date and the Class 1-IO Component, the product of (i) the aggregate Stated Principal Balance of the Group 1 Premium Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date and (ii) a fraction, (a) the numerator of which is equal to the weighted average of the Net Mortgage Interest Rates of the Group 1 Premium Mortgage Loans (based on the Stated Principal Balances of the Group 1 Premium Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date) minus 6.000% and (b) the denominator of which is equal to 6.000%.
IO Notional Amount. As to any Distribution Date, the aggregate Stated Principal Balance of the Group 1 Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.
IO Notional Amount. As to any Distribution Date and the Class 2-30-IO Component, the aggregate Stated Principal Balance of the Group 2 Premium Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.
Examples of IO Notional Amount in a sentence
The Class IO Notional Amount of this Certificate is set forth above.
More Definitions of IO Notional Amount
IO Notional Amount. As to any Distribution Date and the Class 4-IO Certificates, the aggregate Stated Principal Balance of the Group 4 Premium Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.
IO Notional Amount. For any Distribution Date, the Class III-A-1 Principal Balance immediately before such Distribution Date. Class III-A-4-IO Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC III which constitutes a REMIC III Regular Interest and is entitled to distributions as set forth herein.
IO Notional Amount. As to any Distribution Date and the Class 9-X-IO Component, the Class Certificate Balance of the Class 9-A-1 Certificates.
IO Notional Amount. The sum of the Class 1-X-IO Notional Amount and the Class 2-X-IO Notional Amount.
IO Notional Amount. For any Distribution Date (1) in or before March 2008, the lesser of (a) the Class 3-IO Scheduled Notional Amount for such Distribution Date and (b) the aggregate Class Principal Balance of the Group 3-A Certificates and Group 3 Subordinate Certificates (other than the Class 3-A-1 and Class 3-C Certificates) immediately before such Distribution Date and (2) in or after April 2008, zero. Class 3-IO Scheduled Notional Amount: For any Distribution Date, the notional amount indicated below: May 2006 through July 2006 $18,750,000 August 2006 $17,382,000 September 2006 through November 2006 $15,064,000 December 2006 through January 2007 $13,906,000 February 2007 $13,618,000 March 2007 $12,825,000 April 2007 $12,083,000 May 2007 $11,388,000 June 2007 through July 2007 $ 9,386,000 August 2007 $ 8,575,000 September 2007 $ 7,880,000 October 2007 through January 2008 $ 7,184,000 February 2008 $ 6,845,000 March 2008 $ 6,480,000 April 2008 and thereafter $0 Class 3-IO-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class 3-M-1 Certificates: The Certificates designated as “Class 3-M-1” on the face thereof in substantially the form attached hereto as Exhibit A.
IO Notional Amount. As to any Distribution Date and the Class 1-X-IO Component, the sum of the Class Certificate Balances of the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates.
IO Notional Amount. As to any Distribution Date, the sum of the Class 6-15-IO Notional Amount and the Class 7-15-IO Notional Amount.