CLASS A CERTIFICATE FACTOR definition
CLASS A CERTIFICATE FACTOR means, as of any Distribution Date, a seven-digit decimal figure equal to the Class A Certificate Balance as of the close of business on such Distribution Date divided by the Original Class A Certificate Balance.
CLASS A CERTIFICATE FACTOR. As of any Distribution Date, a seven-digit decimal figure equal to the Class A Certificate Balance as of the close of business on such Distribution Date divided by the initial Class A Certificate Balance as of the Cut-off Date.
CLASS A CERTIFICATE FACTOR means, at any time, the percentage (carried out to seven decimal places) derived from a fraction, the numerator of which is the Class A Certificate Balance at such time and the denominator of which is the Class A Initial Certificate Balance.
More Definitions of CLASS A CERTIFICATE FACTOR
CLASS A CERTIFICATE FACTOR means, a seven digit decimal number computed by the Servicer and stated in the Servicer's Certificate which is computed by dividing the Class A Principal Balance (after giving effect to any distribution of Class A Monthly Principal required to be made on such Distribution Date) by the Initial Class A Principal Balance.
CLASS A CERTIFICATE FACTOR means the seven digit decimal number that the Servicer will compute or cause to be computed for each Collection Period and will make available to the Trustee and the Certificate Insurer on the related Determination Date representing the ratio of (a) the Class A Certificate Principal Balance which will be outstanding on the next Payment Date (after taking into account all distributions to be made on such Payment Date) to (b) the Initial Class A Certificate Principal Amount.
CLASS A CERTIFICATE FACTOR means, as of any Payment Date, a seven-digit decimal figure equal to the Class A Certificate Balance as of the close of business on such Payment Date divided by the Original Class A Certificate Balance.