Certificate Notional Balance. With respect to each Certificate of Class X and any date of determination, the product of (i) the Class Certificate Notional Balance of such Class and (ii) the applicable Percentage Interest of such Certificate.
Certificate Notional Balance. With respect to the Class CE Certificates and any Distribution Date, the Uncertificated Principal Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest P) for such Distribution Date.
Certificate Notional Balance. As to the Class B-IO Certificates and any Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period.
Examples of Certificate Notional Balance in a sentence
The Initial Certificate Notional Balance of this Certificate is set forth above.
Interest on this Certificate will accrue during the month prior to the month in which a Distribution Date (as hereinafter defined) occurs on the Certificate Notional Balance hereof at a per annum rate equal to the Class X Pass-Through Rate as set forth in the Agreement.
Interest on this Certificate will accrue during the month prior to the month in which a Distribution Date (as hereinafter defined) occurs on the Certificate Notional Balance hereof at a per annum rate equal to the Pass-Through Rate set forth above.
The initial Certificate Notional Balance of this Certificate is set forth above.
Interest on this Certificate will accrue during the month prior to the month in which a Distribution Date (as hereinafter defined) occurs on the Certificate Notional Balance hereof at a per annum rate equal to the Pass-Through Rate as set forth in the Agreement.
More Definitions of Certificate Notional Balance
Certificate Notional Balance. With respect to the Class A-IO Certificates and any Distribution Date, the lesser of (a)(i) $38,175,000, for each Distribution Date from the Distribution Date in December 2004 to and including the Distribution Date in May 2005, (ii) $30,540,000, for each Distribution Date from the Distribution Date in June 2005 to and including the Distribution Date in September 2005, (iii) $27,485,000, for each Distribution Date from the Distribution Date in October 2005 to and including the Distribution Date in December 2005, (iv) $22,905,000, for the Distribution Date in January 2006 and the Distribution Date in February 2006, (v) $18,325,000, for each Distribution Date from and including the Distribution Date in March 2006 to and including the Distribution Date in June 2006, (vi) $15,270,000 for the Distribution Date in July 2006 and the Distribution Date in August 2006, (vii) $12,215,000 for the Distribution Date in September 2006 and the Distribution Date in October 2006, (viii) $7,940,000 for the Distribution Date in November 2006 and (ix) $0, for each Distribution Date thereafter and (b) the aggregate Stated Principal Balance of the Mortgage Loans. For United States federal income tax purposes, the Class A-IO Certificates will not have a Certificate Notional Balance, but will be entitled to 100% of amounts distributed on REMIC II Regular Interest LTII-IO-A and REMIC II Regular Interest LTII-IO-B. With respect to the Class C Certificates, immediately prior to any Distribution Date, the aggregate of the Uncertificated Principal Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest LTII-IO-A, REMIC II Regular Interest LTII-IO-B and REMIC II Regular Interest LTII-P).
Certificate Notional Balance. As to any Class A-3 Certificate and any Distribution Date, the Certificate Principal Balance of the Class A-2 Certificates; for federal income tax purposes, however, the equivalent of the foregoing, expressed as the Uncertificated Principal Balance of REMIC II Regular Interest A-2. As to the Class C Certificates and any Distribution Date, an amount equal to the Stated Principal Balance of the Mortgage Loans; for federal income tax purposes, however, the Class C Certificates will not have a Certificate Notional Balance, but the Class C Distribution Amount for any Distribution Date will be an amount equal to 100% of amounts deemed distributed with respect to REMIC II Regular Interest C for such Distribution Date.
Certificate Notional Balance. Not applicable.
Certificate Notional Balance. With respect to the Class X Certificates and any Distribution Date, the Uncertificated Principal Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest LTII-P) for such Distribution Date. As of the Closing Date, the Certificate Notional Balance of the Class X Certificates is equal to $476,229,351.38.
Certificate Notional Balance herein. The Class A-8 Certificates will not be entitled to distributions in respect of principal. (5) The Class A-10 Certificates will accrue interest at the Class A-10 Pass-Through Rate on the Certificate Notional Balance of the Class A-10 Certificates calculated in accordance with the definition of "Certificate Notional Balance" herein. The Class A-10 Certificates will not be entitled to distributions in respect of principal. (6) The Class X1 Certificates will accrue interest at the Class X1 Pass-Through Rate on the Certificate Notional Balance of the Class X1 Certificates calculated in accordance with the definition of "Certificate Notional Balance" herein. The Class X1 Certificates will not be entitled to distributions in respect of principal. (7) The Class PO Certificates are principal only certificates and are not entitled to distributions in respect of interest. The Trust Fund shall be named, and may be referred to as, the "Bear Xxxxxxx Asset Backed Securities Trust 2002-AC2." The Certificates issued hereunder may be referred to as "Asset-Backed Certificates Series 2002-AC2" (including for purposes of any endorsement or assignment of a Mortgage Note or Mortgage). In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator, the Seller, the Company and the Trustee agree as follows:
Certificate Notional Balance. With respect to the Class A-IO Certificates and any Distribution Date, the lesser of (a)(i) $__________, for each Distribution Date from the Distribution Date in ____________ to and including the Distribution Date in ___________, (ii) $___________, for each Distribution Date from the Distribution Date in ___________ to and including the Distribution Date in _____________, (iii) $____________, for each Distribution Date from the Distribution Date in ____________ to and including the Distribution Date in ______________, (iv) $____________, for the Distribution Date in ___________ and the Distribution Date in ____________, (v) $____________, for each Distribution Date from and including the Distribution Date in ___________ to and including the Distribution Date in ___________, (vi) $__________ for the Distribution Date in ___________ and the Distribution Date in ____________, (vii) $____________ for the Distribution Date in _____________ and the Distribution Date in ____________, (viii) $____________ for the Distribution Date in __________________ and (ix) $0, for each Distribution Date thereafter and (b) the aggregate Stated Principal Balance of the Mortgage Loans. For United States federal income tax purposes, the Class A-IO Certificates will not have a Certificate Notional Balance, but will be entitled to 100% of amounts distributed on REMIC II Regular Interest LTII-IO-A and REMIC II Regular Interest LTII-IO-B. With respect to the Class C Certificates, immediately prior to any Distribution Date, the aggregate of the Uncertificated Principal Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest LTII-IO-A, REMIC II Regular Interest LTII-IO-B and REMIC II Regular Interest LTII-P).
Certificate Notional Balance. With respect to each Class X Certificate and any Distribution Date, the product of (i) the Class Certificate Notional Balance multiplied by (ii) the Percentage Interest represented by such Class X Certificate.