Monitoring Class definition

Monitoring Class. As defined in Section 11.02(c).
Sample 1Sample 2Sample 3
Monitoring Class. As defined in Section 11.01(c) of the Servicing Agreement.
Sample 1Sample 2Sample 3
Monitoring Class as of any time of determination shall be the Class outstanding with the most subordinate interest in the Trust Fund having at least 25% of its initial Class Balance.
Sample 1Sample 2

Examples of Monitoring Class in a sentence

  • The Special Servicer shall notify the Trustee, the Master Servicer and the Monitoring Certificateholder that owns the largest Certificate Balance of the Monitoring Class (the "Monitoring Class Option Holder") promptly upon its fair value determination and any adjustment thereto.

  • All costs associated with the noticing and administration of the Hospital Class Claim shall be paid out of the Distributions allocated to the Hospital Class Claim.(d)NAS Monitoring Class Claim.


More Definitions of Monitoring Class

Monitoring Class. As of any time of determination, the Class of Certificates outstanding representing the most subordinate Certificates (other than the Class R-I, Class R-II or Class R-III Certificates) that equals at least 25% of its Original Class Balance (or if no Class of Certificates has a Class Balance of at least 25% of its Original Class Balance, the most subordinate Class of Certificates outstanding other than the Class R-I, Class R-II or Class R-III Certificates).
Sample 1Sample 2
Monitoring Class as of any time of determination shall be the following Class or Classes of Bonds:
Sample 1
Monitoring Class as of any time of determination shall be the Class or Classes of Bonds which are the most subordinate Bonds Outstanding with an aggregate Bond Principal Amount equal to at least 20% of the initial Bond Principal Amount of such Class of Bonds (which Bond Principal Amount will be reduced for this purpose by the amount of any Realized Losses or Appraisal Reduction Amounts notionally allocated to such Class, if applicable).
Sample 1

Related to Monitoring Class

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Required Subordinated Amount of Class D Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Voting Classes means Classes 4 and 5.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Cut-off Date Principal Balance As to any Mortgage Loan, the Stated Principal Balance thereof as of the close of business on the Cut-off Date.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Note Balance means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance or the Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Initial Class A-1 Note Balance means $265,000,000.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Initial Class A-4 Note Balance means $125,000,000.