NAS classes Clause Samples
The 'NAS classes' clause defines and categorizes the different types or classes of Network Attached Storage (NAS) that are relevant to the agreement. It typically outlines the specifications, performance levels, or intended uses for each class, such as differentiating between standard, high-performance, or archival storage solutions. By clearly distinguishing these classes, the clause ensures that both parties understand the capabilities and limitations of the storage being provided, thereby preventing misunderstandings and aligning expectations regarding data storage services.
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:
NAS classes. Classes I▇-▇, ▇▇-▇ 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 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.
NAS classes. There are no non-accelerated senior, or NAS classes.
NAS classes. Classes IA-4 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 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.
NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ 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.
NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ 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: 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 I▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, 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 I▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, IA-11 through IA-13, and IA-15 for that distribution day.
NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ 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.
NAS classes. Classes IA-▇, ▇▇-▇, ▇▇-▇▇ ▇▇d 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: