Class Balance definition

Class Balance. With respect to any Class of Certificates (other than the Residual Certificates) at any time, the aggregate of the Certificate Balances of all Certificates of such Class. As to any Class of Lower Tier Regular Classes as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, plus, in the case of any Lower Tier Accrual Class, the portion of the Lower Tier Accrual Amount attributable thereto, less the aggregate amount of all Lower Tier Principal Distribution Amounts allocable to such Class in accordance with Section 2.02 prior to such date of determination.

Examples of Class Balance in a sentence

  • The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Fannie Mae and the rights of the REMIC Certificateholders under the Trust Agreement at any time by Fannie Mae with the consent of the Holders of REMIC Certificates of each Class having Certificate Balances aggregating not less than 66% of the Class Balance of such Class.

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • Interest accrued with respect to each Accrual Class during any Interest Accrual Period shall not be distributed thereon as interest but instead shall be added to the Class Balance thereof on the related Distribution Date.

  • The total amount of interest to be distributed or added to principal with respect to any Lower Tier Regular Class on any Distribution Date shall be equal to one month’s interest at the applicable Interest Rate on the Class Balance of such Lower Tier Regular Class immediately prior to such Distribution Date.

  • The total amount of interest to be distributed or added to principal with respect to each Lower Tier Regular Class on any Distribution Date shall be equal to one month’s interest at the applicable Interest Rate on the Class Balance of such Lower Tier Regular Class immediately prior to such Distribution Date.


More Definitions of Class Balance

Class Balance. With respect to any Exchangeable Class or Exchange Class, at any time, the aggregate of the Certificate Principal Amounts of all Outstanding Certificates of such Class.
Class Balance. With respect to any Class of Certificates (other than any No Payment Residual Certificate) at any time, the aggregate of the Certificate Balances of all Certificates of such Class.
Class Balance. As to any Distribution Date and any Class of Certificates (other than the Exchangeable Certificates and the Class 1-A-R Certificate), an amount equal to (a) the Original Class Balance thereof (plus, in the case of the Class 1-A-3, Class 2-A-3 and Class 3-A-3 Certificates, any Class 1-A-3 Accrual Distribution Amounts, Class 2-A-3 Accrual Distribution Amounts or Class 3-A-3 Accrual Distribution Amounts, as applicable, previously added thereto) or, in the case of a Class of Exchangeable REMIC Certificates, the Maximum Original Class Balance of such Class, minus the sum of (i) all amounts previously distributed to such Class on account of principal pursuant to Section 3.02, (ii) the aggregate amount of Realized Loss Shortfalls previously allocated to such Class pursuant to Section 3.03(a) and (iii) in the case of the Super Senior Support Certificates, the aggregate amount previously allocated to such Class pursuant to Section 3.03(b) plus (b) the sum of (i) all increases in Class Balance previously allocated thereto pursuant to Section 3.03(a) and (ii) in the case of the Super Senior Support Certificates, any increases allocated thereto pursuant to Section 3.03(b). A Class of Exchangeable Certificates and the Class 1-A-R Certificate have no Class Balances.
Class Balance. As defined in Section 3.2.3.
Class Balance. The Class A-1 Balance.