Certificate Notional Balance definition

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 X Certificates and any Distribution Date, the Uncertificated Principal Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest LT-P) for such Distribution Date. As of the Closing Date, the Certificate Notional Balance of the Class X Certificates is equal to $1,875,043.00.

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.

• 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.

• The initial Certificate Notional Balance of this Certificate is set forth above.

More Definitions of Certificate Notional Balance

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. Not applicable.

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. With respect to the Notional Certificates 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 A-IO Certificates and any Distribution Date, the lesser of (a)(i) $50,250,000, for each Distribution Date from the Distribution Date in May 2003 to and including the Distribution Date in October 2004, (ii) $40,200,000, for each Distribution Date from the Distribution Date in November 2004 to and including the Distribution Date in April 2005, (iii) $30,150,000, for each Distribution Date from the Distribution Date in May 2005 to and including the Distribution Date in October 2005 and (iv) $0, for each Distribution Date thereafter and (b) the aggregate of the Stated Principal Balance of the Mortgage Loans. For federal income tax purposes, however, the equivalent of the foregoing, expressed as the Uncertificated Notional Balance of REMIC II Regular Interest LTII-IO. 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.

Certificate Notional Balance herein. The Class A-6 Certificates will not be entitled to distributions in respect of principal.

Certificate Notional Balance. As to the Class N Certificates and as of any Distribution Date, the Initial Certificate Notional Balance of such Certificate less the sum of all amounts distributed with respect to such Certificate in reduction of the Certificate Notional Balance thereof on previous Distribution Dates.