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. As to any Distribution Date and the Class 30-IO Certificates, the product of (i) aggregate Stated Principal Balance of the Premium Mortgage Loans on the Due Date in the month preceding the month of such Distribution and (ii) a fraction, (a) the numerator of which is equal to the weighted average of the Net Mortgage Interest Rates of the Premium Mortgage Loans (based on the Stated Principal Balances of the Premium Mortgage Loans as of the due date in the month preceding the month of such Distribution Date) minus 5.500% and (b) the denominator of which is equal to 5.500%.
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.
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: Distribution Date Occurring In Scheduled Notional Amount 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 9-X-IO Component, the Class Certificate Balance of the Class 9-A-1 Certificates.
IO Notional Amount. With respect to each Distribution Date and the Class 1-30-IO Component, an amount equal to the product of (i) the aggregate of 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 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 6.00% and (b) the denominator of which is equal to 6.00%.