Class Certificate Balance. With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.
Class Certificate Balance. With respect to any Class and any date of determination, the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all Realized Losses allocated thereto pursuant to Section 5.03(a) and (iii) all other reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b).
Class Certificate Balance. With respect to any Class (other than the Class 1-A-3, Class 1-A-11, Class 30-IO, Class 15-IO and Class 15-PO Certificates) and any date of determination, and subject to Section 5.03(f), the Initial Class Certificate Balance of such Class minus (A) the sum of (i) all distributions of principal made with respect thereto (including in the case of any Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates used to pay any PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-8, Class 3-A-2 and Class 4-A-2 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus (B) the sum of (x) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (y) in the case of the Class 1-A-8, Class 3-A-2 and Class 4-A-2 Certificates, any increases allocated thereto pursuant to Section 5.03(e). The Class 1-A-3, Class 1-A-11, Class 30-IO and Class 15-IO Certificates are Interest-Only Certificates and have no Class Certificate Balance. The Class Certificate Balance of the Class 15-PO Certificates as of any date of determination shall equal the sum of the Component Balances of the Class 15-PO Components.
Examples of Class Certificate Balance in a sentence
Notwithstanding the reduction of the Class Certificate Balance of any Class of Certificates to zero, such Class will be outstanding hereunder (solely for the purpose of receiving distributions and not for any other purpose) until the termination of the respective obligations and responsibilities of the Depositor, each Seller, the Master Servicer and the Trustee hereunder in accordance with Article IX.
Any Applied Realized Loss Amounts will be allocated to the most junior Class of Subordinated Certificates then outstanding in reduction of the Class Certificate Balance thereof.
Notwithstanding the foregoing, the Class Certificate Balance of each Class of Subordinated Certificates that has been previously reduced by Applied Realized Loss Amounts will be increased, in order of seniority, by the amount of the Subsequent Recoveries (but not in excess of the Applied Realized Loss Amount allocated to the applicable Class of Subordinated Certificates).
Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.
In the event that the Class Certificate Balance of any Class of Certificates is reduced because of Applied Realized Loss Amounts, the applicable Certificateholders will not be entitled to receive Basis Risk Carry Forward Amounts on the written down amounts on such Distribution Date or any future Distribution Dates (except to the extent such Class Certificate Balance is increased as a result of any Subsequent Recoveries), even if funds are otherwise available for distribution.
More Definitions of Class Certificate Balance
Class Certificate Balance. With respect to any Class of Certificates (other than the Class 1-A-3, Class 1-A-6, Class 3-A-7, Class 30-IO and Class 30-PO Certificates) and any date of determination, and subject to Section 5.03(f), the Initial Class Certificate Balance of such Class (plus, in the case of the Class 3-A-8 Certificates, any Class 3-A-8 Accrual Distribution Amounts previously added thereto) minus (A) the sum of (i) all distributions of principal made with respect thereto (including in the case of a Class of Class B Certificates, any principal otherwise payable to such Class of Class B Certificates used to pay any Class PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-10 Certificates and the Class 2-A-2 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus (B) the sum of (i) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (ii) in the case of the Class 1-A-10 Certificates and the Class 2-A-2 Certificates, any increases allocated thereto pursuant to Section 5.03(e). The Class Certificate Balance of the Class 30-PO Certificates as of any date of determination shall equal the sum of the Component Balances of the Class PO Components. The Class 1-A-3, Class 1-A-6, Class 3-A-7 and Class 30-IO Certificates are Interest Only Certificates and have no Class Certificate Balance.
Class Certificate Balance. With respect to any Class (other than the Class A-5 and Class A-WIO Certificates) and any date of determination, the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all Realized Losses allocated thereto pursuant to Section 5.03(a), and (iii) all other reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b). The Class A-5 and Class A-WIO Certificates are Interest-Only Certificates and have no Class Certificate Balance.
Class Certificate Balance. With respect to any Certificate (other than an Interest Only Certificate) as of any date of determination, the Class Certificate Balance of such Certificate on the Distribution Date immediately prior to such date of determination, plus, in the case of a Subordinate Certificate, any Subsequent Recoveries added to the Class Certificate Balance of such Certificate pursuant to Section 6.01, and reduced by the aggregate of (a) all distributions of principal made thereon on such immediately prior Distribution Date and (b) without duplication of amounts described in clause (a) above, reductions in the Class Certificate Balance thereof in connection with allocations thereto of Realized Losses on the Mortgage Loans and Extraordinary Trust Fund Expenses on such immediately prior Distribution Date (or, in the case of any date of determination up to and including the initial Distribution Date, the initial Class Certificate Balance of such Certificate, as stated on the face thereof); provided, however, that the Class Certificate Balance of each Subordinate Certificate of the Class of Subordinate Certificates outstanding with the highest numerical designation at any given time shall be calculated to equal the Percentage Interest evidenced by such Certificate multiplied by the excess, if any, of (A) the then aggregate Stated Principal Balance of the Mortgage Loans over (B) the then aggregate Class Certificate Balance of all other Classes of Certificates then outstanding. The Interest Only Certificates shall not have a Class Certificate Balance and shall not be entitled to any distributions of principal. The Class R Certificates shall not have Class Certificate Balances.
Class Certificate Balance. With respect to any Class of LIBOR Certificates and the Principal-Only Certificates and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. With respect to the Class A-IO, Class X, Class P and Class R Certificates, zero. With respect to any Lower Tier Interest, the initial Class Principal Balance as shown or described in the table set forth in the Preliminary Statement to this Agreement for the issuing REMIC, as reduced by any principal distributed with respect to such Lower Tier Interest and Realized Losses allocated to such Lower Tier Interest.
Class Certificate Balance. With respect to any Class and any date of determination, and subject to Section 5.03(g), the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-2, Class 2-A-2, Class 3-A-2 and Class 4-A-2 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus the sum of (i) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (ii) in the case of the Class 1-A-2, Class 2-A-2, Class 3-A-2 and Class 4-A-2 Certificates, any increases allocated thereto pursuant to Section 5.03(e).
Class Certificate Balance. With respect to any Class (other than the Exchangeable Certificates and the Class 2-A-2, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7 and Class 2-IO Certificates) and any date of determination, and subject to Section 5.03(f), the Initial Class Certificate Balance, or, in the case of a Class of Exchangeable REMIC Certificates, the Maximum Initial Class Certificate Balance, of such Class minus (A) the sum of (i) all distributions of principal allocated thereto (including in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates used to pay any PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-2 and Class 2-A-3 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus (B) the sum of (i) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (ii) in the case of the Class 1-A-2 and Class 2-A-3 Certificates, any increases allocated thereto pursuant to Section 5.03(e). The Class 2-A-2, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7 and Class 2-IO Certificates are Interest Only Certificates and have no Class Certificate Balance. A Class of Exchangeable Certificates has no Class Certificate Balance.
Class Certificate Balance. With respect to any Class of Certificates other than the Class C Certificates and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. With respect to the Class C Certificates and any Distribution Date, the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans as of the Due Date in the prior calendar month (after giving effect to Principal Prepayments, the principal portion of any Liquidation Proceeds and any Subsequent Recoveries received in the Prepayment Period related to that prior Due Date) over the aggregate Class Certificate Balance of the Offered Certificates and the Class P Certificates immediately prior to that Distribution Date.