Outstanding Certificate Balance definition

Outstanding Certificate Balance means, with respect to the Class R Certificates, on any date, an amount equal to (i) the Initial Certificate Balance thereof minus (ii) the aggregate amount of all distributions of principal made to the Certificateholders thereof. The Outstanding Certificate Balance shall be calculated as of the close of business, in the case of any Monthly Payment Date other than the initial Monthly Payment Date, on the preceding Monthly Payment Date after giving effect to all distributions of principal to the applicable Certificateholders on each preceding Monthly Payment Date (including such preceding Monthly Payment Date); provided that on the Closing Date the Outstanding Certificate Balance thereof shall be equal to the Initial Certificate Balance thereof.
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Outstanding Certificate Balance is the Certificate Balance of all 200_-_ Certificates and the Certificate Balance of all other Certificates with scheduled Payment Periods during the Payment Period for the 200_-_ Certificates;
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Outstanding Certificate Balance means, at any time, the aggregate unpaid principal balance of all Certificates then outstanding.
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Examples of Outstanding Certificate Balance in a sentence

  • When any Certificates are transferred to the Administrator for cancellation, the Administrator will cancel those Certificates, and following such cancellation, the Aggregate Outstanding Certificate Balance will be reduced by the Current Certificate Balance of the canceled Certificates.

  • The Outstanding Certificate Balance of all Class R Certificates on the Closing Date to be executed and delivered by the Authenticating Agent under this Agreement shall be equal to the Initial Certificate Balance, except for Class R Certificates executed and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Class R Certificates pursuant to Sections 4.05 or Section 4.06.

  • If proceeds received from the liquidation of the applicable Bonds on an Optional Liquidation Date will not be sufficient to pay 100% of the Outstanding Certificate Balance and Accrued Certificate Distributions on the Class A Certificates subject to the Optional Liquidation, a Trust Termination Event shall occur.

  • After the permitted substitution for Defaulted Bonds or for Bonds that are not Defaulted Bonds set forth above, the consent of the Holders of a majority of the Outstanding Certificate Balance of the Class A Certificates will be required for the substitution of Bonds.

  • Accrued Certificate Distributions shall accrue on the Outstanding Certificate Balance of the Class A Certificates at the Certificate Rate as in effect from time to time.

  • To the extent that the proceeds of such liquidation are insufficient to pay the Outstanding Certificate Balance of the Class A Certificates, plus Accrued Certificate Distributions thereon, on the Final Distribution Date pursuant to the priorities set forth herein, the Trustee shall make a demand on the Credit Enhancement Agreement for an amount equal to such deficiency.

  • The exercise price for any such right of first refusal of the Holder of the Class B Certificate (the “Exercise Price”) shall be an amount equal to the greater of (i) the amount necessary to pay the aggregate Outstanding Certificate Balance of the Class A Certificates, plus Accrued Certificate Distributions thereon, to the Holders of the Class A Certificates pursuant to the priorities set forth herein and (ii) the amount obtained with respect to the Quotation of Bond Price set forth above.

  • The Trustee shall notify the Remarketing Agent and the Servicer of the aggregate Outstanding Certificate Balance of Class A Certificates for which it shall have received an Election to Retain.

  • If the Bonds are not liquidated at a price, together with the proceeds of the demand on the Credit Enhancement Agreement resulting from the liquidation of the Credit Enhancement Assets pursuant to Section 5.01(b) and available funds in the Trust Account, to the extent necessary, sufficient to pay the aggregate Outstanding Certificate Balance of the Class A Certificates, plus Accrued Certificate Distributions thereon, the provisions of Section 5.04 shall apply.

  • To the extent that the proceeds of such liquidation and a demand on the Credit Enhancement Agreement resulting from the liquidation of the Credit Enhancement Assets are insufficient to pay the Outstanding Certificate Balance of the Class A Certificates, plus Accrued Certificate Distributions thereon, on the Final Distribution Date, the provisions of Section 5.04 shall apply.


More Definitions of Outstanding Certificate Balance

Outstanding Certificate Balance means, as of any date of calculation, the aggregate of the then outstanding Certificate Balances and/or Certificate Principal Balances, as applicable, of the Investor Certificates.
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Outstanding Certificate Balance. Certificate Pool Factor: R.
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Related to Outstanding Certificate Balance

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Certificate Balance As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Class M-2 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

  • Original Certificate Balance means $32,051,840.09.

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Initial Certificate Balance means $[ ].

  • Principal Balance Certificates Each of the Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-5 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-5 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".