Certificate Principal definition

Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

Certificate Principal means, with respect to each Class, the principal payable in respect of such Class of Investor Certificates.

Certificate Principal means, with respect to each Class, the principal payable in respect of such Class of Investor Certificates. “Certificate Rate,” with respect to any Class or Subclass, shall mean the certificate rate set forth in the Series Term Sheet with respect to such Class or Subclass, as such rate may be adjusted as of the beginning of each Interest Accrual Period, if applicable; provided, however, that the Certificate Rate for any Class or Subclass that does not have a fixed Certificate Rate shall not exceed the Class Cap Rate or Class Maximum Rate, as applicable, for such Class or Subclass; and provided, further, that any interest on the Investor Certificates (including any interest accrued with respect to any Class Deficiency Amount) shall be payable or distributed to the Investor Certificateholders only to the extent permitted by applicable law.

Examples of Certificate Principal in a sentence

• Information Regarding the current Monthly Accumulation into the Interest Funding Account (Stated on the Basis of $1,000 Original Certificate Principal Amount).

• The Initial Certificate Principal Balance of this Certificate is set forth above.

• Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein.

• As provided in the Pooling Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of Authorized Denominations of like Certificate Principal Balance or Percentage Interest, as applicable, as requested by the Holder surrendering the same.

• This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

More Definitions of Certificate Principal

Certificate Principal means, with respect to each Class, the principal payable in respect of such Class of Investor Certificates. "Certificate Rate," with respect to any Class or Subclass, shall mean the certificate rate set forth in the Series Term Sheet with respect to such Class or Subclass, as such rate may be adjusted as of the beginning of each Interest Accrual Period, if applicable; provided, however, that the Certificate Rate for any Class or Subclass that does not have a fixed Certificate Rate shall not exceed the Embedded Coupon Cap, if any, for such Class or Subclass. "Class A Early Termination Premium," if applicable, shall be as set forth in the Series Term Sheet.

Certificate Principal with respect to any Class of any Series shall have the meaning specified in the applicable Series Supplement.

Certificate Principal. Balance and the Class A-6 Certificate Principal Balance as of such Payment Date prior to taking into account any distributions to be made on such Payment Date.

Certificate Principal means the outstanding principal amount of the Certificate at the time of determination.

Certificate Principal. Balance has been reduced to zero and a Stepdown Trigger Event exists, or as long as a Stepdown Trigger Event does not exist, the excess of (1) the sum of (A) the Class A Certificate Principal Balance (after taking into account distributions of the Class A Principal Distribution Amount on such Distribution Date) and (B) the Class M-1 Certificate Principal Balance immediately prior to such Distribution Date over (2) the lesser of (A) 62.40% of the Stated Principal Balances of the Mortgage Loans as of the end of the immediately preceding Due Period and (B) the excess of the Stated Principal Balances for the Mortgage Loans as of the end of the immediately preceding Due Period over the Minimum Required Overcollateralization Amount. Notwithstanding the foregoing, in no event will the Class M-1 Principal Distribution Amount with respect to any Distribution Date exceed the Class M-1 Certificate Principal Balance.

Certificate Principal means, with respect to Class SD, the principal payable in respect of Class SD of Investor Certificates. “Certificate Rate,” with respect to Class SD or Subclass, shall mean the certificate rate set forth in the Series Term Sheet with respect to Class SD.

Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of the Supplement for such Series.