Class HE. B-1 Liquidation Loss Principal Amount" means, as to any Payment Date, the lesser of (a) the excess, if any, of the Sub-Pool HE Aggregate Liquidation Loss Principal Amount over the Class HE: B-2 Principal Balance, and (b) the Class HE: B-1 Principal Balance.
Class HE. M-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HE: M-2 Formula Distribution Amount" and (b) the Unpaid Class HE: M-2 Interest Shortfall, if any.
Class HE. B," or "Class C" means pertaining to Class HI: A Certificates, Class HI: M Certificates, Class HI: B Certificates, Class HE: A Certificates, Class HE: M Certificates, Class HE: B Certificates, and/or the Class C Certificate, as the case may be.
Examples of Class HE in a sentence
Remaining Unpaid Class HE: B-2 Interest Shortfall .00 PRINCIPAL 72.
Amount applied to Unpaid Class HE: B-2 Interest Shortfall .00 71.
Current Principal (Class HE: B Percentage of Formula Principal Distribution Amount less Class HE: B-1 Principal Balance) .00 77.
Amount applied to Unpaid Class HE: B-1 Interest Shortfall .00 53.
Interest at Class HE: B-2 Pass-Through Rate on: (a) Class HE: B-2 Liquidation Loss Principal Amount .00 (b) Unpaid Class HE: B-2 Liquidation Loss Interest Shortfall .00 83.
More Definitions of Class HE
Class HE. M-1 Liquidation Loss Interest Shortfall" means, as to any Payment Date, the amount, if any, by which (a) the Class HE: M-1 Formula Liquidation Loss Interest Distribution Amount exceeds (b) any amount distributed to Class HE: M-1 Certificateholders on such Payment Date pursuant to Section 8.04(d)(8)(i).
Class HE. A-2 Principal Balance" means, as to any Payment Date, the Original Class HE: A-2 Principal Balance less all amounts previously distributed to Holders of Class HE: A-2 Certificates in respect of principal.
Class HE. M-2 FORMULA DISTRIBUTION AMOUNT" means, as to any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding April 15, 1998) at the Class HE: M-2 Pass-Through Rate on the excess of the Class HE: M-2 Principal Balance over the Class HE: M-2 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date, (b) any Unpaid Class HE: M-2 Interest Shortfall and (c) if such Payment Date is after the Class HE: M-1 Cross-over Date, but on or prior to the Class HE: M-2 Cross-over Date, the Sub-Pool HE Senior Percentage of the Sub-Pool HE Formula Principal Distribution Amount; PROVIDED, HOWEVER, that on the Class HE: M-1 Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clause (c) of the definition of the term "Class HE: M-1 Formula Distribution Amount" (assuming a sufficient Sub-Pool HE Amount Available) but for the operation of the proviso in such definition shall instead be included in clause (c) of this definition; and PROVIDED, FURTHER, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) of this definition shall not exceed the Original Class HE: M-2 Principal Balance.
Class HE. M-1 Formula Liquidation Loss Interest Distribution Amount" means, as to any Payment Date, the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding October 15, 1996) at the Class HE: M-1 Pass-Through Rate on the Class HE: M-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date on the basis of a 360-day year of twelve 30-day months, and (b) the Unpaid Class HE: M-1 Liquidation Loss Interest Shortfall, if any.
Class HE. M-1 Cross-over Date" means the Payment Date on which the Class HE: M-1 Principal Balance (after giving effect to the distributions of principal on the Class HE: M-1 Certificates on such Payment Date) is reduced to zero.
Class HE. M-1 Interest Deficiency Amount" means, as to any Payment Date, the amount, if any, by which (a) the Class HE: M-1 Formula Interest Distribution Amount exceeds (b) the amount available for distribution to the Class HE: M-1 Certificateholders pursuant to Sections 8.04(d)(4)(i) and (ii) on such Payment Date.
Class HE. B-2 Certificate" means any one of the Class HE: B-2 Certificates executed and delivered by the Trustee and authenticated by the Certificate Registrar substantially in the form set forth in Exhibit F and evidencing an interest designated as a "regular interest" in the Trust for purposes of the REMIC Provisions.