Class M-2 Certificate Principal Balance definition

Class M-2 Certificate Principal Balance. As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.
Class M-2 Certificate Principal Balance. As of any time of determination, the Certificate Principal Balance as of the Startup Day of all Class M-2 Certificates less the sum of (x) any amounts actually distributed to the Owners of the Class M-2 Certificates, pursuant to Section 7.5 hereof on all prior Payment Dates and (y) the aggregate, cumulative amount of Class M-2 Applied Realized Loss Amounts on all prior Payment Dates.
Class M-2 Certificate Principal Balance. As to any Distribution Date, the Initial Certificate Principal Balance for the Class M-2 Certificates less the Class M-2 Principal Distribution Amounts actually distributed to the holders of the Class M-2 Certificates on previous Distribution Dates and reduced by any Applied Realized Loss Amounts allocated to such Class on prior Distribution Dates.

Examples of Class M-2 Certificate Principal Balance in a sentence

  • No: M-2-1 15231A AF 3 CUSIP $32,500,000 Original Class M-2 Certificate Principal Balance May 16, 2006 Date June 25, 2036 Final Scheduled Distribution Date CEDE & CO.

  • In the application of Australian Accounting Standards, the Board is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources.

  • No: M-2-1 63860L AG5 CUSIP $38,559,000 Original Class M-2 Certificate Principal Balance April 19, 2007 Date May 25, 2037 Final Scheduled Distribution Date CEDE & CO.

  • No: M-2-1 00000XXX0 CUSIP $21,000,000 Original Class M-2 Certificate Principal Balance February 7, 2007 Date March 25, 2037 Final Scheduled Distribution Date CEDE & CO.

  • No: M-2-1 __________________ CUSIP $[ ] Original Class M-2 Certificate Principal Balance ___________ ___, 20__ Date ___________ ___, 20__ Final Scheduled Distribution Date CEDE & CO.

  • No: M-2-1 152314 HE 3 CUSIP $36,750,000 Original Class M-2 Certificate Principal Balance June 26, 2003 Date June 25, 2033 Final Scheduled Distribution Date CEDE & CO.

  • No: M-2-1 63860K AG7 CUSIP $28,886,000 Original Class M-2 Certificate Principal Balance June 7, 2007 Date June 25, 2037 Final Scheduled Distribution Date CEDE & CO.

  • No: M-2-1 152314 PN 4 CUSIP $32,500,000 Original Class M-2 Certificate Principal Balance October 12, 2005 Date October 25, 2035 Final Scheduled Distribution Date CEDE & CO.

  • Class M-2 Certificate Principal Balance: As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

  • In addition, there is no coordination among funders using SFD to wholesale lending.


More Definitions of Class M-2 Certificate Principal Balance

Class M-2 Certificate Principal Balance. As to any Distribution Date, the Certificate Principal Balance for the Class M-2 Certificates.
Class M-2 Certificate Principal Balance. Means either the Class M-2F Certificate Principal Balance or the Class M-2A Certificate Principal Balance, as indicated by the context.
Class M-2 Certificate Principal Balance. As of any time of determination, the Original Certificate Principal Balance of the Class M-2 Certificates less (i) any amounts actually distributed as principal pursuant to Section 7.5(b)(ii) hereof with respect to principal thereon on all prior Distribution Dates and (ii) the amount of any Applied Realized Loss Amount allocated as a reduction of the Class M-2 Certificate Principal Balance on all prior Distribution Dates pursuant to Section 7.5(d) hereof. The Class M-2 Certificate Principal Balance shall in no event be less than zero.

Related to Class M-2 Certificate Principal Balance

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Class B-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class B-1 Certificates.

  • CLASS M PRINCIPAL BALANCE As of any Distribution Date, (a) the Class M Principal Balance for the immediately preceding Distribution Date less (b) amounts distributed to the Class M Certificateholders on such preceding Distribution Date allocable to principal (including the principal portion of Advances of the Servicer made pursuant to Section 6.03 and Realized Losses allocated to the Class M Certificates pursuant to Section 6.04); provided that the Class M Principal Balance on the first Distribution Date shall be the Original Class M Principal Balance, and provided further that if the aggregate Outstanding Certificate Principal Balance of the Class B Certificates has been reduced to zero, as of any Distribution Date, the Class M Principal Balance will equal the excess of the Mortgage Pool Principal Balance (together with the portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the Class A Principal Balance.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Class C Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class C Certificates.

  • Class M-2 Certificate Any one of the Class M-2 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-1 Certificate Any one of the Class M-1 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-1 Certificates All Certificates bearing the class designation of "Class M-1".

  • Class M-2 Certificates All Certificates bearing the class designation of "Class M-2".

  • Class M-11 Certificate Any one of the Class M-11 Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-M-11 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

  • Class M-4 Certificate Any one of the Class M-4 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-4 Certificates All Certificates bearing the class designation of "Class M-4".

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class A-2 Certificate Any one of the Certificates with a “Class A-2” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class M-5 Certificate Any one of the Class M-5 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-6 Certificates All Certificates bearing the class designation of "Class M-6".

  • Class M-6 Certificate Any one of the Class M-6 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Certificate Principal Balance With respect to each Class A Certificate, Mezzanine Certificate or Class P Certificate as of any date of determination, the Certificate Principal Balance of such Certificate on the Distribution Date immediately prior to such date of determination plus any Subsequent Recoveries added to the Certificate Principal Balance of such Certificate pursuant to Section 4.01, minus all distributions allocable to principal made thereon and Realized Losses allocated thereto on such immediately prior Distribution Date (or, in the case of any date of determination up to and including the first Distribution Date, the initial Certificate Principal Balance of such Certificate, as stated on the face thereof). With respect to each Class CE Certificate as of any date of determination, an amount equal to the Percentage Interest evidenced by such Certificate times the excess, if any, of (A) the then aggregate Uncertificated Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates then outstanding.

  • Class M-3 Certificate Any one of the Class M-3 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class Certificate Principal Balance As to any Distribution Date, with respect to any Class of Certificates, the Original Class Certificate Principal Balance as reduced by the sum of (x) all amounts actually distributed in respect of principal of that Class on all prior Distribution Dates, (y) all Realized Losses, including Bankruptcy Losses, Special Hazard Losses, Fraud Losses and Excess Losses, if any, actually allocated to that Class on all prior Distribution Dates and (z) in the case of the Subordinate Certificates, any applicable Writedown Amount; provided, however, that pursuant to Section 5.08, the Class Certificate Principal Balance of a Class of Certificates may be increased up to the amount of Realized Losses previously allocated to such Class, in the event that there is a Recovery on a related Mortgage Loan, and the Certificate Principal Balance of any individual Certificate of such Class will be increased by its pro rata share of the increase to such Class.

  • Class M-5 Certificates All Certificates bearing the class designation of "Class M-5".

  • Class M-3 Certificates All Certificates bearing the class designation of "Class M-3".

  • Class M Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.