PAC Amount definition
PAC Amount. As to any Distribution Date and any Class of PAC ---------- Certificates and any PAC Component, the amount designated as such for such Distribution Date and such Class or Component as set forth in the Principal Amount Schedules.
PAC Amount. Not Applicable.
PAC Amount. For each PAC Class or PAC Component, and as to each Distribution Date, the amount set forth for such Class or Component and date in the Scheduled Balances Table.
Examples of PAC Amount in a sentence
Frequency: ❑ Same as existing PAC, OR ❑ Monthly: date of cheque: (1st to 28th) ❑ Weekly: day: (Monday to Friday) ❑ Every two weeks: day: (Monday to Friday) ❑ Bi-monthly (1st and 15th of each month) PAC Amount: The PAC amount is equal to the monthly payment amount determined in accordance with the "Tables to calculate the initial monthly payment according to the repayment term selected", adjusted proportionally to the frequency selected above; minimum $25 per frequency.