Class Balance definition

Class Balance. With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

Class Balance means, as of any date, the Class A-1 Note Balance, the Class A-2a Note Balance, the Class A-2b Note Balance, the Class A-3 Note Balance, or the Class A-4 Note Balance, as applicable.

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 Xxxxxx Xxx and the rights of the REMIC Certificateholders under the Trust Agreement at any time by Xxxxxx 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.

• The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Xxxxxx Mae and the rights of the REMIC Certificateholders under the Trust Agreement at any time by Xxxxxx Xxx 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.

More Definitions of Class Balance

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 (other than any notional Classes specified in the Lower Tier Schedule) as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, plus, in the case of each Lower Tier Accrual Class, the portion of the aggregate amount of all Lower Tier Accrual Amounts attributable thereto prior to such date of determination, 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. As to any Lower Tier Regular Class that is a notional Class, the aggregate of the Certificate Balances of all certificates of the Companion Class (or Classes) for such Class (as specified in the Lower Tier Schedule).

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 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, 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.

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 (other than any notional Classes specified in the Lower Tier Schedule) as of any date of determination, the original principal balance thereof as set forth in the Lower Tier Schedule, 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. As to any Lower Tier Regular Class that is a notional Class, the aggregate of the Certificate Balances of all Certificates of the Companion Class (or Classes) for such Class (as specified in the Lower Tier Schedule).

Class Balance. With respect to any Class, the aggregate principal amount of such Class outstanding as of any date of determination equal to (A) the Original Class Balance thereof plus (B) any Collateral Value Adjustment Capitalization Amount minus (C) any amounts allocated or distributed to such Class in reduction of its Class Balance pursuant to the terms hereof.

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 the Lower Tier Accrual Classes, the Lower Tier Accrual Amount, 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.

Class Balance. With respect to any Grantor Trust Class and any date of determination, the then outstanding balance of the Companion Class for such Class (as specified in the Class Schedule).