Maximum Initial Principal Balance definition

Maximum Initial Principal Balance. As to each Class of Exchangeable REMIC Certificates and Exchangeable Certificates, the Maximum Initial Principal Balance for such Class set forth in Section 11.05.
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Maximum Initial Principal Balance means, on any date of determination, the lowest Series Maximum Initial Principal Balance with respect to any Series of Outstanding Notes.
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Maximum Initial Principal Balance or “Minimum Initial Principal Balance” to conform to applicable state regulations, in each case, in accordance with Section 14.01.
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Examples of Maximum Initial Principal Balance in a sentence

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balance or Maximum Initial Notional Amount of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.

  • Correspondingly, Exchangeable Certificates in the Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Class in the Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balances of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Class in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balances of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balance of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.