Principal Balance Certificate definition

Principal Balance Certificate. Any 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, Class G and Class PEX Certificates.

Principal Balance Certificate means any Regular Interest Certificate (other than an Interest-Only Certificate).

Principal Balance Certificate. Any of the Class A-1, Class A-2, Class A-3, Class A-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F, Class G and Class PEX Certificates.

Examples of Principal Balance Certificate in a sentence

• The final distribution on each Certificate (determined, in the case of a Principal Balance Certificate, without regard to any possible future reimbursement of any related Loss Reimbursement Amount) will be made in a like manner, but only upon presentation and surrender of such Certificate at the offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

• Upon the transfer of any Certificate in accordance with the preceding sentence, the Trustee shall execute, and the Trustee or any Authenticating Agent shall authenticate and deliver to the transferee, one or more new Certificates of the same Class, in authorized denominations, evidencing in the aggregate the same aggregate Certificate Principal Balance, Certificate Notional Amount or Percentage Interest, as the case may be, as the Certificate being transferred.

• The parties hereto acknowledge that a Realized Loss allocated to a Principal Balance Certificate on any date shall reduce the Notional Amount of the Class X Certificates.

• Distributions in reimbursement of the Holders of any such Class of Principal Balance Certificates for previously allocated Realized Losses and Additional Trust Fund Expenses shall not constitute distributions of principal and shall not result in any reduction of the Certificate Principal Balances of such Principal Balance Certificates or of the related Class Principal Balance of such Class of Principal Balance Certificate.

• The Class Certificate Principal Balance of each Class and the Certificate Principal Balance of a Single Certificate of each Class after giving effect to (i) all distributions allocable to principal made on such Distribution Date and (ii) the allocation of any Realized Losses and any Subordinate Writedown Certificate Amount for such Distribution Date: Class Certificate Single Principal Balance Certificate Balance ----------------- ------------------- Class 3-A1...

More Definitions of Principal Balance Certificate

Principal Balance Certificate. Any REMIC III Regular Certificate other than a Class X-1 or Class X-2 Certificate.

Principal Balance Certificate. Any of the Certificates designated as such in Section 2.08.

Principal Balance Certificate. Any Regular Interest Certificate (other than a Class X Certificate).

Principal Balance Certificate. Any REMIC III Regular Certificate other than an Interest Only Certificate.

Principal Balance Certificate. Any of the Class [_], Class [_], Class [_], Class [_], Class [_], Class [_], Class [_], Class [_], Class [_] and Class [_] Certificates.

Principal Balance Certificate. The [Class A-1], [Class A-2], [Class A-3], [Class A-4], [Class A-AB], [Class A-5A], [Class A-5B], [Class A-1A], [Class A-J], [Class B], [Class C], [Class D], [Class E], [Class F], [Class G], [Class H], [Class J], [Class K], [Class L], [Class M], [Class N], [Class O] and [Class P] Certificates.

Principal Balance Certificate means any of the Class A-1, Class A-2, Class A-3, Class B, Class C-1, Class C-2, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N and Class O Certificates.