NAS classes Sample Clauses

NAS classes. Classes IX-0, XX-00 and IA-15 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal the percentage shown below of its proportionate share, based on the principal balances of its group’s target-rate classes, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day. distribution day percentage 0 - 60 0% 61 - 72 30% 73 - 84 40% 85 - 96 60% 97 - 108 80% 109 and after 100%
Sample 1See All (8)
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NAS classes. Classes IA-7 and IA-8 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day: distribution day percentage 0 - 60 0% 61 - 72 30% 73 - 84 40% 85 - 96 60% 97 - 108 80% 109 and after 100%
Sample 1Sample 2See All (5)
NAS classes. There are no non-accelerated senior, or NAS classes.
Sample 1Sample 2Sample 3
NAS classes. Classes IX-0, XX-0, XX-00 and IA-12 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each of classes IA-4 and IA-11 will equal the percentage shown below of its proportionate share, based on the principal balances of its group’s senior target-rate classes, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s senior target-rate classes for that distribution day. For distribution day 61 and after, the principal allocation for each of classes IA-5 and IA-12 will equal the percentage shown below of its proportionate share of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to Subgroup II in Second in section 15.1 above for that distribution day, multiplied by a fraction equal to · the aggregate principal balance of classes IA-5 and IA-12 plus $27,416,666, over · the aggregate principal balance of Subgroup II. distribution day percentage 0 - 60 0% 61 - 72 30% 73 - 84 40% 85 - 96 60% 97 - 108 80% 109 and after 100%
Sample 1
NAS classes. Classes IX-0, XX-0, XX-00 and IA-16 are non-accelerated senior, or NAS classes. For each distribution day, the principal allocation for each of classes IA-9 and IA-16 will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day: distribution day percentage 0 – 60 0% 61 – 72 30% 73 – 84 40% 85 – 96 60% 97 – 108 80% 109 and after 100% For the first 60 distribution days, the principal allocation for classes IA-4 and IA-15 will be zero. For distribution day 61 and after, the principal allocation for each of classes IA-4 and IA-15 will equal the preceding percentage of its proportionate share, based on the principal balances of classes IX-0, XX-0, XX-0, XX-0, XX-0, IA-11 through IA-13, and IA-15, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to classes IX-0, XX-0, XX-0, XX-0, XX-0, IA-11 through IA-13, and IA-15 for that distribution day.
Sample 1
NAS classes. Classes IA-0, XX-0, XX-00 xxd IA-16 are non-accelerated senior, or NAS, classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day: distribution day percentage 0 – 60 0% 61 – 72 30% 73 – 84 40% 85 – 96 60% 97 – 108 80% 109 and after 100%
Sample 1
NAS classes. Classes IX-0, XX-0, XX-00 and IA-14 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, · a portion of the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to the non-PAC subgroup of classes will be allocated to NAS classes IA-7 and IA-8 concurrently, in proportion to their principal balances. The portion of such scheduled principal payments will equal a fraction (the NAS/non-PAC fraction), the numerator of which will be the sum of $7 million plus the sum of the principal balances of classes IA-7 and IA-8 and the denominator of which will be the principal balance of the entire non-PAC subgroup. The portion of such unscheduled principal payments will equal the percentage shown in the table below for the distribution day multiplied by the NAS/non-PAC fraction. However, the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to classes IA-7 and IA-8 under this paragraph will in no event exceed 98% of the aggregate principal payments allocated to the non-PAC subgroup for that distribution day. · a portion of the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to the PAC subgroup of classes will be allocated to NAS classes IA-13 and IA-14 concurrently, in proportion to their principal balances. The portion of such scheduled principal payments will equal a fraction (the NAS/PAC fraction), the numerator of which will be the sum of the principal balances of classes IA-13 and IA-14 and the denominator of which will be the principal balance of the entire PAC subgroup. The portion of such unscheduled principal payments will equal the percentage shown in the table below for the distribution day multiplied by the NAS/PAC fraction. distribution day percentage 0 - 60 0% 61 - 72 30% 73 - 84 40% 85 - 96 60% 97 - 108 80% 109 and after 100%
Sample 1
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Related to NAS classes

  • Classes The officers of the Company shall be a President, a Secretary, a Treasurer, and, if deemed necessary, expedient, or desirable by the Board of Managers, an Executive Vice President, one or more Senior Vice Presidents, one or more other Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and such other officers as may be elected or appointed in accordance with the provisions of this article. Additional officers and duties may be added by amendments to this article by the Members.

  • Multiple Classes We may from time to time provide to you written compliance guidelines or standards relating to the sale or distribution of Funds offering multiple classes of shares (each, a “Class”) with different sales charges and distribution related operating expenses. In addition, you will be bound by any applicable rules or regulations of government agencies or self-regulatory organizations generally affecting the sale or distribution of shares of investment companies offering multiple classes of shares.

  • Establishment of Series and Classes of Shares Subject to the provisions of this Section 3.6, the Trust shall consist of the Series and Classes indicated on Schedule A attached hereto (“Schedule A”), as such Schedule A may be amended from time to time. The Series and Classes indicated on Schedule A as of the date hereof are hereby established and are referred to as the “Initial Series and Classes.” The establishment of any Series or Class of Shares (other than the Initial Series and Classes) shall be effective upon the adoption by the Trustees of a resolution that sets forth the designation of, or otherwise identifies, such Series or Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth the designation of, or otherwise identifies, such Series or Class including any Registration Statement, any amendment and/or restatement of this Declaration of Trust and/or Schedule A or as otherwise provided in such resolution. Upon the establishment of any Series or Class of Shares or the termination of any existing Series or Class of Shares, Schedule A shall be amended to reflect the addition or termination of such Series or Class and any officer of the Trust is hereby authorized to make such amendment; provided that the amendment of Schedule A shall not be a condition precedent to the establishment or termination of any Series or Class in accordance with this Declaration of Trust. The relative rights and preferences of each Series and each Class (including the Initial Series and Classes) shall be as set forth herein and as set forth in any Registration Statement relating thereto, unless (with respect to any Series or Class other than the Initial Series and Classes) otherwise provided in the resolution establishing such Series or Class. Any action that may be taken by the Trustees with respect to any Series or Class, including any addition, modification, division, combination, classification, reclassification, change of name or termination may be made in the same manner as the establishment of such Series or Class. Unless otherwise provided in any Registration Statement relating thereto, Shares of the Initial Series and Classes and each additional Series or Class established pursuant to this Article III (unless otherwise provided in the resolution establishing such additional Series or Class), shall have the following relative rights and preferences:

  • SIMPLE Class The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares.

  • Combination of Series and Classes The Trustees shall have the authority, without the approval of the Shareholders of the Trust or any Series or Class unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series or Classes into assets and liabilities held with respect to a single Series or Class and in connection therewith to cause the Shareholders of each such Series or Class to become shareholders of such single Series or Class.

  • Class All REMIC I Regular Interests or the Class R-1 Residual Interest having the same priority and rights to payments on the Mortgage Loans from the REMIC I Available Distribution Amount, all REMIC II Regular Interests or the Class R-2 Residual Interest having the same priority and rights to payments on the REMIC I Regular Interests from the REMIC II Available Distribution Amount, and all REMIC III Regular Interests or the Class R-3 Residual Interest having the same priority and rights to payments on the REMIC II Regular Interests from the REMIC III Available Distribution Amount, as applicable, which REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and Class R Residual Interests, as applicable, shall be designated as a separate Class, and which, in the case of the Certificates (including the Class R Certificates representing ownership of the Class R Residual Interests), shall be set forth in the applicable forms of Certificates attached hereto as Exhibits A and B. Each Class of REMIC I Regular Interests and the Class R-1 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC I Distribution Amount" only to the extent of the REMIC I Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC I Distribution Amount," each Class of REMIC II Regular Interests and the Class R-2 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC II Distribution Amount" only to the extent of the REMIC II Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC II Distribution Amount" and each Class of REMIC III Regular Interests and the Class R-3 Residual Interest shall be entitled to receive the amounts allocated to such Class pursuant to the definition of "REMIC III Distribution Amount" only to the extent of the REMIC III Available Distribution Amount for such Distribution Date remaining after distributions in accordance with prior clauses of the definition of "REMIC III Distribution Amount."

  • Establishment of Series and Classes (a) The Trustees shall be authorized, without obtaining any prior authorization or vote of the Shareholders of any Series or Class of the Trust, to establish and designate and to change in any manner any initial or additional Series or Classes and to fix such preferences, voting powers (or lack thereof), rights and privileges of such Series or Classes as the Trustees may from time to time determine, including without limitation, the fees associated with such additional Series or Classes, to divide or combine the Shares or any Series or Classes into a greater or lesser number, to classify or reclassify any issued or unissued Shares or any Series or Classes into one or more Series or Classes of Shares, to redeem or abolish any outstanding Series or Class of Shares, and to take such other action with respect to the Shares as the Trustees may deem desirable. Unless another time is specified by the Trustees, the establishment and designation of any Series or Class shall be effective upon the adoption of a resolution by the Trustees setting forth such establishment and designation and the preferences, powers, rights and privileges of the Shares of such Series or Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth such relative rights and preferences of such Series or Class including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. The Trust may issue any number of Shares of each Series or Class.

  • The Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates.

  • Classes and Series The references in this Article XI to meetings, quorum, voting and actions by written consent (and any related matters) of Members shall be understood to apply separately to individual classes or series of Members where the context requires.

  • Sales of Funds Offering Multiple Classes Of Shares 4. The sales charge applicable to any sale of Fund shares by you and the dealer concession or commission applicable to any order from you for the purchase of Fund shares accepted by us shall be set forth in the then current Prospectus of the Fund. You shall notify us if you are not eligible to receive a dealer concession or commission. You may be deemed to be an underwriter in connection with sales by you of shares of the Fund where you receive all or substantially all of the sales charge as set forth in the Fund’s Prospectus, and therefore you may be subject to applicable provisions of the Securities Act of 1933.

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