Class A-2 Certificate Principal Balance definition

Class A-2 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-2 Certificates less any amounts actually distributed with respect to the Class A-2 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-2 Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balance of the Class A-2 Certificates.

Class A-2 Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance of the Class A-2 Certificates less any amounts actually distributed with respect to principal thereon on all prior Distribution Dates for such Class.

Examples of Class A-2 Certificate Principal Balance in a sentence

• The Percentage Interest of each Class A-2 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-2 Certificate on the Startup Day by the aggregate Class A-2 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-2 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-2 Certificate Principal Balance over the period from the date of initial issuance of the Certificates to the final Payment Date for the Class A-2 Certificates.

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• This certifies that CEDE & Co. is the registered owner of the Percentage Interest evidenced by this Class A-2 Certificate (obtained by dividing the Denomination of this Class A-2 Certificate by the Class A-2 Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.

More Definitions of Class A-2 Certificate Principal Balance

Class A-2 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-2 Certificates less any amounts actually distributed with respect to the Class A-2 Certificates pursuant to Section 7.5 hereof with respect to principal thereon on all prior Payment Dates.

Class A-2 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-2 Certificates less the aggregate of all amounts actually distributed with respect to the Class A-2 Distribution Amount pursuant to Section 7.03(b)(iv) hereof with respect to principal thereon on all prior Payment Dates; provided, however, that solely for the purposes of determining the Certificate Insurer's rights, as subrogee, the Class A-2 Certificate Principal Balance shall not be reduced by any principal amounts paid to the Owners thereof from Insured Payments.

Class A-2 Certificate Principal Balance. As to any Distribution Date, the Original Class A-2 Certificate Principal Balance less all amounts previously distributed to Holders of Class A-2 Certificates on previous Distribution Dates on account of Class A-2 Monthly Principal, any Class A-2 Excess Cash Distribution, any Class A-1 Overflow Distribution applied in reduction of the Class A-2 Certificate Principal Balance and any payments made by the Certificate Insurer in respect of principal on the Class A-2 Certificates under the Certificate Insurance Policy.

Class A-2 Certificate Principal Balance. The Class Certificate Balance for the Class A-2 Certificates.

Class A-2 Certificate Principal Balance. As to any Distribution Date, the Certificate Principal Balance for the Class A-2 Certificates.

Class A-2 Certificate Principal Balance. As to any Distribution Date, the Certificate Principal Balance for the Class A-2 Certificates. Class A-2 Pass-Through Rate: 5.08% per annum.

Class A-2 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class A-2 Certificates less the aggregate of all amounts actually distributed thereon with respect to the Class A Principal Distribution Amount pursuant to Section 7.03(c)