Class Notional Amount definition

Class Notional Amount. Not applicable.

Class Notional Amount. With respect to each Class of Notional Certificates, the applicable class notional amount calculated as provided in the Preliminary Statement hereto.

Class Notional Amount. The aggregate hypothetical or notional amount on which any Class of Interest Only Certificates accrues or is deemed to accrue interest from time to time, as calculated in accordance with Section 2.15(e).

Examples of Class Notional Amount in a sentence

• Represents the initial subordination and initial credit enhancement of such Class or Classes of Reference Tranches, which is equal to the percentage of the Cut-off Date Balance of the Reference Pool represented by the aggregate initial Class Notional Amount of the Class or Classes of Reference Tranches subordinate to the subject Class or Classes of Reference Tranches.

• On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, the Preliminary Tranche Write-down Amount, the Preliminary Tranche Write-up Amount, and the Preliminary Class Notional Amount will be computed prior to allocating the Modification Loss Amount, as set forth below.

• The initial Class Notional Amount shown is the aggregate amount for the Class M-2A and Class M-2AH Reference Tranches combined.

• The initial Class Notional Amount shown is the aggregate amount for the Class M-2B and Class M-2BH Reference Tranches combined.

• The initial Class Notional Amount shown is the aggregate amount for the Class M-1 and Class M-1H Reference Tranches combined.

More Definitions of Class Notional Amount

Class Notional Amount. With respect to each Class of Reference Tranche as of any Payment Date, a notional amount equal to the initial Class Notional Amount of such Class of Reference Tranche, minus the aggregate amount of Senior Reduction Amounts and/or Subordinate Reduction Amounts allocated to such Class of Reference Tranche on such Payment Date and all prior Payment Dates, minus the aggregate amount of Tranche Write-down Amounts allocated to reduce the Class Notional Amount of such Class of Reference Tranche on such Payment Date and on all prior Payment Dates, and plus the aggregate amount of Tranche Write- up Amounts allocated to increase the Class Notional Amount of such Class of Reference Tranche on such Payment Date and on all prior Payment Dates. For the avoidance of doubt, no Tranche Write-up Amount or Tranche Write-down Amount will be applied twice on the same Payment Date.

Class Notional Amount. With respect to the Interest-Only Certificates, the applicable class notional amount calculated as provided in the Preliminary Statement to this Agreement.

Class Notional Amount. With respect to the Class X Certificates and the Class X-L Regular Interest, the Class X-L Notional Amount.

Class Notional Amount for each of the Class I-X Certificates and the Class I-X-M Regular Interest is the Class I-X Notional Amount).

Class Notional Amount. The Class X-1 Notional Amount or the Class X-2 Notional Amount, as the context requires.

Class Notional Amount. The Class A-X Notional Amount, Class I-X Notional Amount, Class II-A-2 Notional Amount, Class II-A-5 Notional Amount or Class III-A-6 Notional Amount, as applicable.

Class Notional Amount. Any of the Class 1-A-4, Class 1-A-7, Class 3-A-2, Class 3-A-4, Class 3-A-7, Class A-X and Class C-X Notional Amounts, as applicable.