NAS Certificates. As specified in the Preliminary Statement.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in February 2012; 30% of the applicable NAS Percentage thereafter through the Distribution Date in February 2013; 40% of the applicable NAS Percentage thereafter through the Distribution Date in February 2014; 60% of the applicable NAS Percentage thereafter through the Distribution Date in February 2015; 80% of the applicable NAS Percentage thereafter through the Distribution Date in February 2016; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in February 2012, and for any Distribution Date thereafter, the lesser of (x) 100% and (y) the percentage (carried to six decimal places rounded up) obtained by dividing (1) the aggregate Class Certificate Balance of the Class A-5 and Class A-6 Certificates immediately preceding such Distribution Date by (2) the Pool Principal Balance of the Mortgage Loans (excluding the PO Percentage of the principal balance of each Discount Mortgage Loan) immediately preceding such Distribution Date.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in October 2011; 30% of the applicable NAS Percentage thereafter through the Distribution Date in October 2012; 40% of the applicable NAS Percentage thereafter through the Distribution Date in October 2013; 60% of the applicable NAS Percentage thereafter through the Distribution Date in October 2014; 80% of the applicable NAS Percentage thereafter through the Distribution Date in October 2015; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in October 2011, and for any Distribution Date thereafter, the lesser of (x) 100% and (y) the percentage (carried to six decimal places rounded up) obtained by dividing (1) the Class Certificate Balance of the Class A-4 Certificates immediately preceding such Distribution Date by (2) the aggregate Class Certificate Balances of all Classes of Senior Certificates (other than the Notional Amount Certificates and the Class PO Certificates) immediately preceding such Distribution Date.
Examples of NAS Certificates in a sentence
For any Distribution Date, the lesser of (x) 100% and (y) the percentage (carried to six places rounded up) obtained by dividing (1) the aggregate Class Certificate Balances of the NAS Certificates immediately preceding such Distribution Date by (2) the aggregate Pool Principal Balance of the Mortgage Loans in Pool I for such Distribution Date.
For any Distribution Date, the lesser of (x) 100% and (y) the percentage (carried to six places rounded up) obtained by dividing (1) the aggregate Class Certificate Balances of the NAS Certificates immediately preceding such Distribution Date by (2) the Pool Principal Balance of Pool I (excluding the applicable PO Percentage of the principal balance of each Discount Mortgage Loan included therein) for such Distribution Date.
CLASS A-6 NAS CERTIFICATES: The Class A-6 NAS Certificates pay according to the following schedule (of its pro-rata share): September 2000 - August 2003: 0% September 2003 - August 2005: 45% September 2005 - August 2006: 80% September 2006 - August 2007: 100% September 2007 and thereafter: 300% (1) Subject to change.
More Definitions of NAS Certificates
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in August 2008; 30% of the applicable NAS Percentage thereafter through the Distribution Date in August 2009; 40% of the applicable NAS Percentage thereafter through the Distribution Date in August 2010; 60% of the applicable NAS Percentage thereafter through the Distribution Date in August 2011; 80% of the applicable NAS Percentage thereafter through the Distribution Date in August 2012; and 100% of the applicable NAS Percentage thereafter.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in March 2012; 30% of the applicable NAS Percentage thereafter through the Distribution Date in March 2013; 40% of the applicable NAS Percentage thereafter through the Distribution Date in March 2014; 60% of the applicable NAS Percentage thereafter through the Distribution Date in March 2015; 80% of the applicable NAS Percentage thereafter through the Distribution Date in March 2016; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in March 2012, and for any Distribution Date thereafter, the lesser of (x) 100% and (y) the percentage obtained by dividing (1) the aggregate Class Certificate Balance of the NAS Certificates immediately preceding such Distribution Date by (2) the aggregate Class Certificate Balance of the Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6 and Class I-A-7 Certificates immediately preceding such Distribution Date.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in December 2011; 30% of the applicable NAS Percentage thereafter through the Distribution Date in December 2012; 40% of the applicable NAS Percentage thereafter through the Distribution Date in December 2013; 60% of the applicable NAS Percentage thereafter through the Distribution Date in December 2014; 80% of the applicable NAS Percentage thereafter through the Distribution Date in December 2015; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in December 2011, and for any Distribution Date thereafter, the lesser of (x) 100% and (y) the percentage (carried to six places rounded up) obtained by dividing (1) the aggregate Class Certificate Balance of the NAS Certificates immediately preceding such Distribution Date by (2) the Pool Principal Balance of Pool I (other than the Notional Amount Certificates and the Class I-A-PO Certificates).
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in February 2011; 30% of the applicable NAS Percentage thereafter through the Distribution Date in February 2012; 40% of the applicable NAS Percentage thereafter through the Distribution Date in February 2013; 60% of the applicable NAS Percentage thereafter through the Distribution Date in February 2014; 80% of the applicable NAS Percentage thereafter through the Distribution Date in February 2015; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in February 2011, and for any Distribution Date thereafter, the percentage obtained by dividing (1) the sum of (a) the aggregate Class Certificate Balance of the NAS Certificates immediately preceding such Distribution Date and (b) an amount equal to approximately 5.00% of the aggregate initial Class Certificate Balance of the NAS Certificates, by (2) the aggregate Class Certificate Balance of the Senior Certificates related to Pool I (other than the Class I-A-PO Certificates and the Notional Amount Certificates).
NAS Certificates. The Class A-6 Certificates and the Class A-7 Certificates.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in June 2012; 30% of the NAS Percentage thereafter through the Distribution Date in June 2013; 40% of the NAS Percentage thereafter through the Distribution Date in June 2014; 60% of the NAS Percentage thereafter through the Distribution Date in June 2015; 80% of the NAS Percentage thereafter through the Distribution Date in June 2016; and 100% of the NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in June 2012, and for any Distribution Date thereafter, the lesser of (x) 100% and (y) the percentage obtained by dividing (1) the aggregate Class Certificate Balance of the Class I-A-4 and Class I-A-14 Certificates immediately preceding such Distribution Date by (2) the Pool Principal Balance of Pool I (excluding the applicable PO Percentage of the Principal Balance of each Discount Mortgage Loan included therein) for such Distribution Date.
NAS Certificates. As specified in the Preliminary Statement. NAS Distribution Percentage: 0% through the Distribution Date in February 2012; 30% of the applicable NAS Percentage thereafter through the Distribution Date in February 2013; 40% of the applicable NAS Percentage thereafter through the Distribution Date in February 2014; 60% of the applicable NAS Percentage thereafter through the Distribution Date in February 2015; 80% of the applicable NAS Percentage thereafter through the Distribution Date in February 2016; and 100% of the applicable NAS Percentage thereafter. NAS Percentage: 0% through the Distribution Date in February 2012, and for any Distribution Date thereafter, the percentage (carried to six decimal places rounded up) obtained by dividing (1) the aggregate Class Certificate Balances of the NAS Certificates immediately preceding such Distribution Date by (2) the Pool Principal Balance (excluding the PO Percentage of the principal balance of each Discount Mortgage Loan) immediately preceding such Distribution Date.