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.

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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

The Percentage Interest of each Class M-2 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class M-2 Certificate on the Startup Day by the aggregate Class M-2 Certificate Principal Balance on the Startup Day.
The Owner hereof is entitled to principal payments on each Payment Date, as hereinafter described, which will fully amortize such original Class M-2 Certificate Principal Balance over the period from the date of initial issuance of the Certificates to the final Payment Date for the Class M-2 Certificates.
Class M-2 Certificate Principal Balance: As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

More Definitions of Class M-2 Certificate Principal Balance

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.

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 means, as of any date of determination, the Original Class M-2 Certificate Principal Balance as reduced by the sum of (x) all amounts actually distributed to the Owners of the Class M-2 Certificates on all prior Payment Dates on account of principal and (y) the aggregate, cumulative amount of Class M-2 Applied Realized Loss Amounts on all prior Payment Dates.