Class X-1 Notional Amount means, with respect to any Distribution Date, the aggregate of the Certificate Balances of the Principal Balance Certificates as of the close of business on the preceding Distribution Date.
Class X-1 Notional Amount. Immediately prior to any Distribution Date, with respect to the Class X-1 Certificates, an amount equal to the aggregate of the Uncertificated Principal Balances of the REMIC 2 Regular Interests (other than REMIC 2 Regular Interests MT-P and MT- R).
Class X-1 Notional Amount. As of any date of determination, the sum of the then Component Notional Amounts of all the Components.
Examples of Class X-1 Notional Amount in a sentence
The approximate Certificate Rate for the first Distribution Date is stated as one-twelfth of a percentage of the aggregate Certificate Balance of the Class A1 Certificates (the "Class X1 Notional Amount").
Class X-1 Notional Amount: Immediately prior to any Distribution Date, with respect to the Class X-1 Certificates, an amount equal to the aggregate of the Uncertificated Principal Balances of the REMIC 2 Regular Interests (other than REMIC 2 Regular Interests MTI-P and MTI-R).
Class X-1 Distributable Amount: With respect to any Distribution Date, the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class X-1 Notional Amount for such Distribution Date.
More Definitions of Class X-1 Notional Amount
Class X-1 Notional Amount. The aggregate notional principal amount on which the Class X-1 Certificates accrue interest from time to time which, as of any date of determination, is equal to the then aggregate Uncertificated Principal Balances of REMIC II Regular Interests XX-0-0, XX-0-0, XX-XX-0X-0, XX-0X-0X, XX-0X-0X, XX-0X-0X, XX-0X-0X, LA-1A-2E, LA-1A-2F, LA-1A-2G, LA-1A-2H, LA-1A-2I, LA-1A-2J, LA-1A-2K, LA-1A-2L, LA-1A-2M, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, LA-2-G, LA-3-A, LA-3-B, LA-4-A, LA-4-B, LA-5-A, LA-5-B, LA-5-C, LA-5-D, LA-5-E, LA-M, LA-J, LB, LC, LD-A, LD-B, LE-A, LE-B, LE-C, LF-A, LF-B, LF-C, LG-A, LG-B, LG-C, LH-A, LH-B, LJ-A, LJ-B, LK, LL-A , LL-B, LM, LN, LO, and LP Components.
Class X-1 Notional Amount. The aggregate notional principal amount on which the Class X-1 Certificates accrue interest from time to time which, as of any date of determination, is equal to the then aggregate Uncertificated Principal Balances of REMIC Regular Interests LA-1, LA-2-1, LA-2-2, LB, LC, LD, LE, LF, LG, LH, LJ, LK, LL, LM, LN, LO and LP.
Class X-1 Notional Amount. With respect to any Distribution Date and the Class X-1 Certificates, the aggregate Current Principal Amount of the Class A Certificates and the Class X-1 Certificates (before taking into account the payment of principal on such Certificates on such Distribution Date).
Class X-1 Notional Amount. For any Distribution Date in or before August 2008, the aggregate Class Principal Balance of the Class A Certificates immediately before such Distribution Date; and for any Distribution Date in or after September 2008, zero.
Class X-1 Notional Amount means, with respect to the Class X-1 Certificates and any date of determination, 50% of the aggregate of the outstanding Certificate Balances of the Principal Balance Certificates, which shall equal the sum of the then Component Notional Amount of the Components.
Class X-1 Notional Amount means, with respect to the Class [X-1] Certificates and any date of determination, the aggregate of the outstanding Certificate Balances of the Principal Balance Certificates.
Class X-1 Notional Amount. As of any Distribution Date, an amount equal to the aggregate balance of Subsidiary REMIC Interest 1 as of the prior Distribution Date, which on any Distribution Date shall equal the sum of the outstanding Loan Balances of the Mortgage Loans in the Fixed Rate Group as of the beginning of the related Due Period.