Class A-3 Loss Amount definition

Class A-3 Loss Amount. With respect to any Determination Date after the Subordination Depletion Date, the amount, if any, by which the Principal Balance of the Class A-3 Certificates would be reduced as a result of the application of the third sentence of the definition of Principal Balance.

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Class A-3 Loss Amount. With respect to any Distribution Date after the Senior Credit Support Depletion Date, the amount, if any, by which the Class Certificate Balance of the Class A-3 Certificates would be reduced as a result of the allocation of any reduction pursuant to Section 5.03(b) to such Class, without regard to the operation of Section 5.03(e).

Class A-3 Loss Amount means, with respect to any Distribution Date, the product of (a) the Class A-3 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period.

Examples of Class A-3 Loss Amount in a sentence

Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Component Balance of the Class A-4-3 Component prior to any reduction for the Class A-4-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates.
Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class A-3 Loss Amount and Class A-11 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed pro rata, based on the Class Certificate Balances of the Class A-3 and Class A-11 Certificates in reduction of the Class Certificate Balance of the Class A-3 and Class A-11 Certificates.
Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates.

More Definitions of Class A-3 Loss Amount

Class A-3 Loss Amount. With respect to any Distribution Date, the amount, if any, by which the Class Balance of the Class A-3 Certificates would be reduced as a result of the allocation of any reduction pursuant to Section 3.03(a) to such Class, without regard to the operation of Section 3.03(b).

Class A-3 Loss Amount means, with respect to any Monthly Allocation Date, the product of (a) the Class A-3 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period. "CLASS A-3 PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Monthly Allocation Date related to a Collection Period commencing during the Amortization Period, the amount (if any) that is distributable to the Class A-3 Certificateholders pursuant to Section 3.01(d) of the 1997-A Securitization Trust Agreement. "CLASS A-3 RATE" means -% per annum.