IO Notional Balance definition
IO Notional Balance. As described in the Preliminary Statement.
IO Notional Balance. With respect to the IO Bond and any Payment Date, ------------------- the aggregate of the IO Component Notional Balances for each IO Component. Issuer: NovaStar Mortgage Funding Trust, Series _________, a Delaware ------ business trust, or its successor in interest.
Examples of IO Notional Balance in a sentence
The following table sets forth the designation and aggregate initial Certificate Balance (or, with respect to the Class [EC] and Class [IO] Certificates, the Class [EC] Notional Balance and the Class [IO] Notional Balance, respectively) for each Class of Certificates comprising interests in the Upper-Tier REMIC.
The Bonds shall be issuable as registered Class A-1 Bonds, Class A-2 Bonds, Class A-3 Bonds, Class A-4 Bonds, Class B Bonds and Class IO Bonds and shall be issuable in a minimum initial Bond Principal Balance, or IO Notional Balance, as the case may be, of $25,000 and in integral multiples of $1,000 in excess thereof.