Class HI definition

Class HI. M-1 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-1 Formula Distribution Amount" and (b) the Unpaid Class HI: M-1 Interest Shortfall, if any.
Class HI. B-1 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 January 15, 1998) at the Class HI: B-1 Pass-Through Rate on the excess of the Class HI: B-1 Principal Balance over the Class HI: B-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date, (b) any Unpaid Class HI: B-1 Interest Shortfall, and (c) if such Payment Date is on or prior to the Class
Class HI. A-3 Pass-Through Rate" means 7.15% per annum, computed on the basis of a 360-day year of twelve 30-day months.

Examples of Class HI in a sentence

  • Remaining Unpaid Class HI: B-2 Interest Shortfall .00 PRINCIPAL 70.

  • Amount applied to Unpaid Class HI: B-2 Interest Shortfall .00 69.

  • Interest at Class HI: B-2 Pass-Through Rate on: (a) Class HI: B-2 Liquidation Loss Principal Amount .00 (b) Unpaid Class HI: B-2 Liquidation Loss Interest Shortfall .00 81.

  • Interest at Class HI: B-1 Pass-Through Rate on: (a) Class HI: B-1 Liquidation Loss Principal Amount .00 (b) Unpaid Class HI: B-1 Liquidation Loss Interest Shortfall .00 63.

  • Amount applied to Class HI: B-1 Interest Deficiency Amount .00 52.


More Definitions of Class HI

Class HI. M-2 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 HI: M-2 Pass-Through Rate on the Class HI: M-2 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: M-2 Liquidation Loss Interest Shortfall, if any.
Class HI. M-2 Interest Shortfall: As to any Distribution Date, the amount, if any, by which (a) the Class HI: M-2 Formula Interest Distribution Amount, exceeds (b) the sum of (1) the amount distributed to Class HI: M-2 Certificateholders on such Distribution Date pursuant to Sections 5.3(b)(5)(i) and (ii), and (2) the amount distributed to Class HI: M-2 Certificateholders on such Distribution Date pursuant to Section 5.3(c).
Class HI. M-2 Liquidation Loss Principal Amount" means the lesser of (a) the excess, if any, of the Sub-Pool HI Aggregate Liquidation Loss Principal Amount over the Class HI: B Principal Balance, and (b) the Class HI: M-2 Principal Balance.
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).
Class HI. B-1 Certificate" means any one of the Class HI: B-1 Certificates executed and delivered by the Trustee and authenticated by the Certificate Registrar substantially in the form set forth in Exhibit C and evidencing an interest designated as a "regular interest" in the Trust for purposes of the REMIC Provisions.
Class HI. M-1 Cross-over Date" means the Payment Date on which the Class HI: M-1 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.
Class HI. A-1 Distribution Amount" means, as to any Payment Date, that portion of the Class HI: A Distribution Amount to be distributed to the Class HI: A-1 Certificateholders pursuant to Section 8.04(b) on such Payment Date. "Class HI: A-1 Principal Balance" means, as to any Payment Date, the Original Class HI: A-1 Principal Balance less all amounts previously distributed to Holders of Class HI: A-1 Certificates in respect of principal.