Class HI definition

Class HI. 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 HI: M-2 Formula Distribution Amount" and (b) the Unpaid Class HI: M-2 Interest Shortfall, if any.
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Class HI. B-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 July 15, 1997) at the Class HI: B-1 Pass-Through Rate on the Class HI: B-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 HI: B-1 Liquidation Loss Interest Shortfall, if any.
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Class HI. B-1 Liquidation Loss Interest Shortfall" means, as to any Payment Date, the amount, if any, by which (a) the Class HI: B-1 Formula Liquidation Loss Interest Distribution Amount exceeds (b) the amount distributed to Class HI: B-1 Certificateholders on such Payment Date pursuant to Section 8.04(b)(8)(iii).
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Examples of Class HI in a sentence

  • Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01.

  • Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account.

  • The Servicer shall prepare and furnish to the Trustee the statements specified below relating to the Class HI: A Certificates, the Class HI: M Certificates, the Class HI: B Certificates, the Class HE: A Certificates, the Class HE: M Certificates and the Class HE: B Certificates on or before the third Business Day next preceding each Payment Date.

  • If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Sub-Pool HI Amount Available and any Class HI: B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class HI: M-1 Interest Deficiency Amount, Class HI: M-2 Interest Deficiency Amount and Class HI: B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.

  • The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders.


More Definitions of Class HI

Class HI. B-[1][2] No. (Subordinate)
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Class HI. M-1 Liquidation Loss Interest Shortfall" means, as to any Payment Date, the amount, if any, by which (a) the Class HI: M-1 Formula Liquidation Loss Interest Distribution Amount exceeds (b) any amount distributed to Class HI: M-1 Certificateholders on such Payment Date pursuant to Section 8.04(b)(8)(i).
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Class HI. B-1 Liquidation Loss Principal Amount" means, as to any Payment Date, the lesser of (a) the excess, if any, of the Sub-Pool HI Aggregate Liquidation Loss Principal Amount over the Class HI: B-2 Principal Balance, and (b) the Class HI: B-1 Principal Balance.
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Class HI. M-2 Cross-over Date" means the Payment Date on which the Class HI: M-2 Principal Balance (after giving effect to the distributions of principal on the Class HI: M-2 Certificates on such Payment Date) is reduced to zero.
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Class HI. B," "Class HE: A," "Class HE: M," "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 Certificates, as the case may be.
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Class HI. A-2 Cross-over Date" means the Payment Date on which the Class HI: A-2 Principal Balance (after giving effect to the distributions of principal on the Class HI: A-2 Certificates on such Payment Date) is reduced to zero.
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Class HI. A Formula Distribution Amount" and (2) the Unpaid Class HI: A Interest Shortfall, if any, with respect to such Class.
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