PO class definition

PO class. A class that has a principal balance and receives principal distributions, but does not have a certificate rate and does not receive interest distributions. PO loan: A mortgage loan that has a principal balance, but on which no interest is paid by the mortgagor. PO strip: The ratio-stripped PO loans for all the discount loans. pool: A pool of mortgage loans. pool distribution amount: For a distribution day and a mortgage loan pool, the funds eligible for distribution to the related classes on that distribution day, being all amounts deposited into the certificate account relating to that pool, but excluding the following:
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PO class. A Class of Stripped Giant Certificates which is entitled to payment of all or a portion of the principal payments received on the Assets and no interest.
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PO class. A Class of Stripped Giant CertiÑcates which is entitled to payment of all or a portion of the principal payments received on the Assets and no interest.
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Examples of PO class in a sentence

  • Moreover, Applicants assert that sales of shares of the Funds to Plans should increase the amount of assets available for investment by such Funds.

  • The PO Class will be a principal only class and will not bear interest.

  • Class A-X, Class PO, Class P and Class A-R Certificates and the Private Certificates.

  • Class PO, Class P and Class A-R Certificates and the Private Certificates.

  • Distributions on the Class X, Class PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates will be derived from the Group 1 Mortgage Loans and Group 2 Mortgage Loans (together, the “Mortgage Loans”).

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  • Distributions on the Class PO, Class X and Subordinate Certificates will be derived from the Group 1 Mortgage Loans and Group 2 Mortgage Loans.

  • This Certificate is one of a duly authorized issue of Certificates designated as REMIC Mortgage Pass-Through Certificates, Series 2000-7, issued in nineteen Classes (Class A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class A8, Class A9, Class R, Class RL, Class PO, Class S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called the "Certificates").

  • This Certificate is one of a duly authorized issue of Certificates designated as REMIC Mortgage Pass-Through Certificates, Series 2000-3, issued in ten Classes (Class A, Class R, Class PO, Class S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called the "Certificates").

  • This Certificate is one of a duly authorized issue of Certificates designated as REMIC Mortgage Pass-Through Certificates, Series 2000-8, issued in ten Classes (Class A, Class R, Class PO, Class S, Class M, Class B1, Class B2, Class B3, Class B4 and Class B5, herein called the "Certificates").


More Definitions of PO class

PO class. The Class PO-A-1 Component, Class PO-A-2 Component, Class PO-B Certificates, Class PO-C Certificates, Class PO-D-1 Component and Class PO-D-2 Component, as applicable.
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PO class. The Class PO-A and Class PO-B Certificates, as applicable.
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PO class. As defined in the Senior Prospectus. “PO Class Certificates”: Certificates of the PO Class.
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PO class. A Class of Class PO Certificates or a Class PO-A Component, as applicable.
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PO class. A class that has a principal balance and receives principal distributions, but does not have a certificate rate and does not receive interest distributions.
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Related to PO class

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Original Class B-3 Percentage The Class B-3 Percentage as of the Cut-Off Date, as set forth in Section 11.10.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Original Class B-1 Percentage The Class B-1 Percentage as of the Cut-Off Date, as set forth in Section 11.08.

  • Initial Class B Note Balance means $163,150,000.

  • Original Class B-6 Percentage The Class B-6 Percentage as of the Cut-Off Date, as set forth in Section 11.13.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

  • Initial Class D Note Balance means $119,840,000.

  • Corresponding Class The Class of Certificates that corresponds with a class of interests in REMIC 2 as described in the Preliminary Statement.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Initial Class C Note Balance means $156,670,000.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-1 Principal Balance The Class B-1 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

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

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

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

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.