Class A-1 Certificate Principal Balance definition

Class A-1 Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-1 Certificates less any amounts actually distributed with respect to the Class A-1 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

Class A-1 Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance of the Class A-1 Certificates less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates.

Examples of Class A-1 Certificate Principal Balance in a sentence

• The Percentage Interest of each Class A-1 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-1 Certificate on the Startup Day by the aggregate Class A-1 Certificate Principal Balance on the Startup Day.

• Distributions will be made in immediately available funds to Owners of Certificates having an aggregate original Class A-1 Certificate Principal Balance of at least $1,000,000 (by wire transfer or otherwise) to the account of an Owner at a domestic bank or other entity having appropriate facilities therefor, if such Owner has so notified the Trustee, or by check mailed to the address of the person entitled thereto as it appears on the Register.

• The Owner hereof is entitled to principal payments on each Payment Date, as hereinafter described, which will fully amortize such original Class A-1 Certificate Principal Balance over the period from the date of initial issuance of the Certificates to the final Payment Date for the Class A-1 Certificates.

• Each Class of Class A Certificates shall be initially evidenced by one or more certificates representing a fraction of the Original Class A-1 Certificate Principal Balance or Notional Principal Balance, as applicable, and shall be held in minimum dollar denominations of $25,000 and $1,000 dollar multiples in excess thereof, except that one of each of the Class A Certificate may be in a different denomination.

• Therefore, the actual Outstanding principal amount of this Certificate may, on any date subsequent to September 27, 1999 (the first Distribution Date) be less than the Original Class A-1 Certificate Principal Balance set forth above.

More Definitions of Class A-1 Certificate Principal Balance

Class A-1 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-1 Certificates less any amounts actually distributed to the Owners of the Class A-1 Certificates pursuant to Section 7.03(f) hereof on all prior Payment Dates plus any Preference Amount previously distributed to the Owners of the Class A-1 Certificates with respect to principal.

Class A-1 Certificate Principal Balance. As of any date of determination, the Original Certificate Principal Balance of all Class A-1 Certificates less any principal amounts actually distributed with respect to the Class A-1 Certificates pursuant to Section 7.5(b)(F) hereof on all prior Payment Dates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Original Class A-1 Certificate Principal Balance less all amounts distributed to Holders of Class A-1 Certificates with respect to principal thereon on all prior Payment Dates. The principal balance of any particular Class A-1 Certificate shall be the product of the Percentage Interest evidenced thereby and the Class A-1 Certificate Principal Balance.

Class A-1 Certificate Principal Balance. As to any Distribution Date, the Certificate Principal Balance for the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. The Class Certificate Balance for the Class A-1 Certificates.

Class A-1 Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance of the Class A-1 Certificates less any amounts actually distributed as principal pursuant to Section 7.5(b)(i) hereof with respect to principal thereon on all prior Distribution Dates. The Class A-1 Certificate Principal Balance shall in no event be less than zero.

Class A-1 Certificate Principal Balance. As to any Distribution Date, the Original Class A-1 Certificate Principal Balance less the Class A-1 Principal Distribution Amounts actually distributed to the holders of the Class A-1 Certificates on previous Distribution Dates.