Certificate Principal Factor definition
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, a fraction the numerator of which is (i) the aggregate of the Denominations of all Certificates of such Class minus (ii) the aggregate amount of all Principal Distribution Amounts, if any, distributed thereto prior to such date of determination and the denominator of which is the aggregate of the Denominations of all Certificates of such Class.
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, other than the Interest Only Certificates and the Class 13-R and Class 13-RL Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class, plus, in the case of the Class 13-Z Certificates, the Group 1 Accrual
Certificate Principal Factor. With respect to any Class of Regular Certificates (other than the X Class Certificates), as of any date of determination, a fraction expressed as a decimal carried to eight decimal places, whose numerator is the then related Class Balance and whose denominator is the related Original Class Balance (as of the Issue Date).
Examples of Certificate Principal Factor in a sentence
Notice of any termination shall be given promptly by ▇▇▇▇▇▇ ▇▇▇ to Holders of Regular Certificates by publication of a Certificate Principal Factor equal to zero for each outstanding Class of Certificates not later than the eighth Business Day of the month of the related Distribution Date.
Notice of any termination shall be given promptly by ▇▇▇▇▇▇ Mae to Holders of Regular Certificates by publication of a Certificate Principal Factor equal to zero for each outstanding Class of Certificates not later than the eighth Business Day of the month of the related Distribution Date.
As soon as practicable following the eleventh calendar day of each month, ▇▇▇▇▇▇ Mae will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount on the following Distribution Date.
As soon as practicable following the eleventh calendar day of each month, ▇▇▇▇▇▇ ▇▇▇ will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution on the following Distribution Date.
As soon as practicable following the eleventh calendar day of each month, ▇▇▇▇▇▇ ▇▇▇ will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount on the following Distribution Date and any addition to the Class Certificate Principal Balances of the Accrual Certificates on such Distribution Date.
More Definitions of Certificate Principal Factor
Certificate Principal Factor. As to any date of determination and each Class of Redeemable Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Certificate Principal Balance of such Class. As to any date of determination and the Class B1 Certificate, the then current Certificate Principal Factor for the Class A1 Certificates. As to any date of determination and the Class B2 Certificate, the then current Certificate Principal Factor for the Class A2 Certificates.
Certificate Principal Factor. As to any date of determination and any Combinable Class, the then current Certificate Principal Factor for the Related REMIC Class. As to any date of determination and the Class 27-H RCR Certificates, a fraction the numerator of which is the sum of the Class Certificate Principal Balance of the Class 1997-27-B REMIC Certificates and the Class Certificate Principal Balance of the Class 1997-27-▇▇ ▇▇▇▇▇ Certificates and the denominator of which is $5,770,000. Class: Each Class of Certificates issued or issuable hereunder as set forth in Section 2.02
Certificate Principal Factor. As to any date of determination and the Class A Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class less (ii) the aggregate amount of all Principal Distribution Amounts, if any, prior to such date of determination and the denominator of which is $300,000,000. As to any date of determination and the Class B Certificate, the then-current Certificate Principal Factor for the Class A Certificates.
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, other than the Interest Only Certificates and the Class 35-R, Class 35-RL and Class 35-RB Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class, plus, in the case of any Class of Accrual Certificates, all Accrual Amounts with respect thereto prior to such date of determination, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the aggregate of the denominations of all Certificates of such Class. As to any date of determination and the Class 35-PK Certificates, a fraction the numerator of which is the sum of (i) 7.1428571428% of the Class Certificate Principal Balance of the Class 35-PL Certificates and (ii) 3.5714285714% of the Class Certificate Principal Balances of the Class 35-PB, Class 35-PC, Class 35-PD and Class 35-PE Certificates and the denominator of which is $3,898,214. As to any date of determination and as to the remaining Classes of Interest Only Certificates, the then current Certificate Principal Factor for the Class or Underlying REMIC Certificate that corresponds to such Class of Interest Only Certificates as specified in the table below: Interest Only Class
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, other than the Interest Only Certificates and the R Class and RL Class Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Class of Accrual Certificates, all interest that has accrued on the Certificates of such Class prior to such date of determination and has not been distributed thereon as interest, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the aggregate of the denominations of all Certificates of such Class. As to any date of determination and as to any Class of Interest Only Certificates, a fraction the denominator of which is, in each case, equal to the original Class Notional Principal Balance of such Interest Only Class and the numerator of which is at any time the percentage of the principal balance of the Classes, Components and/or Underlying REMIC Certificates or SMBS, as applicable, set forth in the table below:
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, other than the Classes of Interest Only Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class minus (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the aggregate of the denominations of all Certificates of such Class. As to any date of determination and as to the Class 6-SA Certificates, the then applicable Certificate Principal Factor for the Class 6-A Certificates. As to any date of determination and as to the Class 6-SB Certificates, the then applicable Certificate principal Factor for the Class 6-B Certificates.
Certificate Principal Factor. As to any date of determination and as to any Class of Certificates, other than the Interest Only Certificates and the Class 42-R and Class 42-RL Certificates, a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Class of Accrual Certificates, all interest that has accrued on such class of Certificates prior to such date of determination and has not been distributed, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the aggregate of the denominations of all Certificates of such Class. As to the Class 42-PI Certificates, a fraction the numerator of which is the sum of (i) 13.3333333333% of the aggregate of the principal balances of the Class 42-PH and Class 42-PJ Certificates and (ii) 40.0000000000% of the aggregate of the principal balances of the Class 42-PK and Class 42-PL Certificates and the denominator of which is $38,497,066. As to any date of determination and as to any remaining Class of Interest Only Certificates (together with any interest-only Component), a fraction the numerator of which is the then current principal balance for the Class of Certificates or Component, as applicable, that corresponds to such Class of Interest Only Certificates or Component as specified in the table below and the denominator of which is the original Class Notional Principal Balance or Component Notional Principal Balance, as applicable, of such Class or Component: