Class A Certificate Principal Balance definition

Class A Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A Certificates less any amounts actually distributed on such Class A Certificates with respect to the Class A Distribution Amount pursuant to Section 7.03(c)(iii)(D) 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 Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balance of the Class A Certificates.

Examples of Class A Certificate Principal Balance in a sentence

  • Therefore, the actual Outstanding principal amount of this Certificate may, on any date subsequent to December 28, 1998 (the first Payment Date) be less than the Original Class A Certificate Principal Balance set forth above.

  • Upon written request by three or more Owners of the Class A Certificates who in aggregate hold Certificates that evidence not less than 25% of the aggregate Class A Certificate Principal Balance and such request is accompanied by a copy of the communication that such Owners propose to transmit, the Trustee or the Certificate Registrar will provide such Owners with a list of the names and addresses of all Owners of record as of the most recent Record Date.

  • Therefore, the actual Outstanding principal amount of this Certificate may, on any date subsequent to July 27, 1998 (the first Payment Date) be less than the Original Class A Certificate Principal Balance set forth above.

  • The Class A Certificates shall be initially evidenced by one or more certificates representing the entire Original Class A Certificate Principal Balance and shall be held in minimum dollar denominations of $1,000 and multiples of one dollar in excess thereof, except that one Class A Certificate may be in a denomination of less than $1,000 so that the sum of the denominations of all outstanding Class A Certificates shall equal the Original Class A Certificate Principal Balance.

  • If any such amounts are still retained in the Collection Account upon the commencement of the Rapid Amortization Period, such amounts will be paid to the Class A Certificateholders as a reduction of the Class A Certificate Principal Balance.


More Definitions of Class A Certificate Principal Balance

Class A Certificate Principal Balance. As of any time of determination, the Aggregate Certificate Principal Balance as of the Startup Day less the aggregate of all amounts actually distributed on the Class A Certificates with respect to the Class A Principal Distribution Amount pursuant to Section 7.03(b)(iv) hereof on all prior Payment Dates, provided, however, that solely for purposes of determining the Certificate Insurer's rights, as subrogee, the Class A Certificate Principal Balance shall not be reduced by any principal amount paid to the Owner thereof from Insured Payments.
Class A Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance less any amounts distributed with respect to principal thereon on all prior Distribution Dates.
Class A Certificate Principal Balance. As of any time of determination and with respect to any Class of Class A Certificates, the Certificate Principal Balance as of the Startup Day of all Class A Certificates of such Class plus any amount previously distributed thereon with respect to principal that is recovered as a voidable preference by a trustee in bankruptcy pursuant to a final nonappealable order less any amounts actually distributed to the Owners of such Class of the Class A Certificates with respect to the related Class A Principal Distribution Amount pursuant to Sections 7.03(a) and 7.03(d) hereof on all prior Payment Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).
Class A Certificate Principal Balance. With respect to any Distribution Date and the Fixed Rate Group Class A Certificates means the aggregate of the Initial Certificate Principal Balances of each such Class as reduced by the sum of all Principal Distribution Amounts and Extra Principal Distribution Amounts actually distributed to the related A Certificateholders on all prior Distribution Dates.
Class A Certificate Principal Balance. On any Distribution Date, the Initial Class A Certificate Principal Balance less the sum of (A) all amounts previously distributed to holders of Class A Certificates on previous Distribution Dates on account of amounts described in clauses (y)(iii)-(v), inclusive, of the definition of Class A Distribution, and (B) all amounts of Realized Losses allocated to the Class A Certificates pursuant to Section 13.03 of the Reference Agreement. For purposes of determining whether amounts calculated pursuant to such clauses (y)(iii)-(v), inclusive, were actually distributed on any particular Distribution Date, the distribution on any such Distribution Date to holders of Class A Certificates shall be allocated first to the interest requirement calculated pursuant to clause (y)(i) thereof, second to any balance in the Class A Interest Shortfall Account pursuant to clause (y)(ii) thereof, third to any balance in the Class A Principal Shortfall Account in accordance with clause (y)(iii) of such definition; and fourth to the principal component of the Class A Distribution calculated pursuant to clauses (y)(iv) and (v) thereof.