Notional Principal Balance. The Notional Principal Balance of the Class X Certificates on any date shall equal the sum of all of the Subaccount Principal Balances on such date.
Notional Principal Balance. As to any Interest Only Certificate prior to the initial Distribution Date, the denomination thereof and, as to any Interest Only Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Certificate Principal Factor.
Notional Principal Balance. As to any Distribution Date and the Class S Certificates, the aggregate Scheduled Principal Balance of the Outstanding Non-Discount Mortgage Loans as of the Due Date in the month preceding such Distribution Date. As to any Distribution Date and any Class S Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class S Certificates for such Distribution Date.
Examples of Notional Principal Balance in a sentence
The total amount of interest distributed on or added to the Certificate Principal Balance of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.
Any given year could see non-systematic changes in bureau coverage across collateral types based on who else joins, and these coverage changes affect the precision of the bureau average.
Interest on this Certificate will accrue during the month prior to the month in which a Distribution Date (as hereinafter defined) occurs on the Notional Principal Balance hereof at a per annum rate equal to the Pass-Through Rate set forth above.
The Class B Certificate shall be evidenced by a single certificate the denomination of which will represent the original Class Notional Principal Balance thereof.
Interest accrued on any Certificate of a Series during any Interest Accrual Period shall be distributable on the following Distribution Date for such Series at the Certificate Interest Rate applicable to such Certificate applied to the Certificate Principal Balance or, in the case of an Interest Only Certificate, the Notional Principal Balance thereof.
More Definitions of Notional Principal Balance
Notional Principal Balance. Participation Certificate", "Special Distribution Date" and "Special Record Date."
Notional Principal Balance. With respect to any Interest Only Certificate, the denomination thereof multiplied by the Certificate Principal Factor for the applicable Class.
Notional Principal Balance. With respect to each Distribution Date and for each Component of the Class A-IO Certificates, the Notional Principal Balance thereof will equal the lesser of the related Assumed Principal Balance for such date and the amount determined for such date with reference to the following schedule: Class A-IO-I Class A-IO-II Distribution Date Component Component 1 $135,000,000.00 $176,229,000.00 2 134,475,000.00 176,229,000.00 3 133,653,000.00 176,229,000.00 4 132,574,000.00 176,229,000.00 5 131,240,000.00 176,229,000.00 6 129,651,000.00 176,229,000.00 7 127,812,000.00 176,229,000.00 8 125,760,000.00 176,229,000.00 9 123,500,000.00 176,229,000.00 10 121,045,000.00 176,229,000.00 11 118,535,000.00 176,229,000.00 12 115,983,000.00 176,229,000.00 13 113,486,000.00 130,540,000.00 14 111,041,000.00 130,540,000.00 15 104,272,000.00 130,540,000.00 16 96,502,000.00 130,540,000.00 17 89,309,000.00 130,540,000.00 18 82,652,000.00 130,540,000.00 19 76,491,000.00 130,540,000.00 20 70,788,000.00 130,540,000.00 21 65,510,000.00 130,540,000.00 22 60,625,000.00 130,540,000.00 23 56,104,000.00 130,540,000.00 24 51,919,000.00 122,277,000.00 25 48,046,000.00 113,200,000.00 26 44,461,000.00 104,796,000.00 27 41,144,000.00 97,015,000.00 28 38,074,000.00 89,811,000.00 29 35,232,000.00 83,142,000.00 30 32,602,000.00 76,967,000.00 With respect to the (1) Class S-I Component and any Distribution Date, the excess of (A) the Assumed Principal Balance for Group I for such date, over (B) the aggregate Certificate Principal Balance of the Group I Certificates (other than the Class AF-1 Certificates); and (2) the Class S-II Component and (A) any of the first 36 Distribution Dates, the aggregate Stated Principal Balance of each adjustable rate Mortgage Loan for such date that has not reached its Initial Adjustment Date as of the end of the related Due Period, and (B) for any Distribution Date thereafter, zero.
Notional Principal Balance. With respect to each Distribution Date -------------------------- and the Class A-IO Certificates, the lesser of the Assumed Principal Balance for such date and the amount determined for such date with reference to the following schedule: Distribution Dates Notional Amount ------------------ ---------------
Notional Principal Balance. With respect to each Distribution Date, the Notional Principal Balance of the Class A-IO Certificates will be equal to the sum of (i) the Notional Principal Balance of the Class A-IO-I Component and (ii) the Notional Principal Balance of the Class A-IO-II Component. With respect to each Distribution Date and for each Component of the Class A-IO Certificates, the Notional Principal Balance will equal the lesser of the related Assumed Principal Balance for such date and the amount determined for such date with reference to the following schedule: Distribution Date Class A-IO-I Component Class A-IO-II Component 1 $86,560,000 $73,471,000 2 85,417,000 73,471,000 3 85,417,000 73,471,000 4 84,274,000 73,471,000 5 83,131,000 73,471,000 6 81,989,000 73,471,000 7 80,846,000 73,471,000 8 79,703,000 73,471,000 9 77,417,000 73,471,000 10 72,846,000 73,471,000 11 71,703,000 73,471,000 12 69,417,000 73,471,000 13 68,274,000 73,471,000 14 65,989,000 73,471,000 15 64,846,000 73,471,000 16 63,703,000 73,471,000 17 62,560,000 73,471,000 18 61,417,000 73,471,000 19 59,131,000 73,471,000 20 55,703,000 73,471,000 21 53,720,000 73,471,000 22 50,200,000 73,471,000 23 46,920,000 73,471,000 24 43,840,000 73,471,000 25 40,970,000 73,471,000 26 38,280,000 72,329,000 27 35,780,000 67,833,000 28 33,430,000 63,970,000 29 31,240,000 59,007,000 30 29,190,000 55,871,000 31 27,280,000 52,246,000 32 25,490,000 48,700,000 33 23,810,000 45,204,000 34 22,250,000 41,749,000 Offered Certificates: The Class AF–1, Class AF–2, Class AF–3, Class AF–4, Class AF–5, Class AF–6, Class AV, Class M–1, Class M–2, Class B and Class A-IO Certificates. Original Pre-Funded Amount: $113,565,065.18, $42,492,182.86 of which may be applied to the purchase of subsequent fixed rate Mortgage Loans for Group I and $71,072,882.32 of which may be applied to the purchase of subsequent adjustable rate Mortgage Loans for Group II. Physical Certificates: The Private Certificates.
Notional Principal Balance. Not applicable. Offered Certificates: The Class A-1A, Class X-0X, Xxxxx X-0X, Xxxxx X-0X, Class A-2C, Class A-2D, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2 and Class B-3 Certificates. Original Pre-Funded Amount: $140,374,843, $67,442,487.35 of which may be applied to the purchase of additional fixed rate and adjustable rate Mortgage Loans for Group I and $72,932,355.65 of which may be applied to the purchase of additional fixed rate and adjustable rate Mortgage Loans for Group II. Physical Certificates: The Private Certificates.
Notional Principal Balance. As to any Distribution Date and the Class A4 Certificates, the Class Certificate Principal Balance of the Class A5 Certificates for such Distribution Date; and as to any Distribution Date and any Class A4 Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class A4 Certificates for such Distribution Date. As to any Distribution Date and the Class A7 Certificates, the Class Certificate Principal Balance of the Class A6 Certificates for such Distribution Date; and as to any Distribution Date and any Class A7 Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class A7 Certificates for such Distribution Date. As to any Distribution Date and any Class of the Class S Certificates, the aggregate Scheduled Principal Balance of the Outstanding Non-Discount Mortgage Loans in the related Mortgage Pool as of the Due Date in the month preceding such Distribution Date; and as to any Distribution Date and any Class S Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the related Class of Class S Certificates for such Distribution Date.