Targeted Balance definition

Targeted Balance. With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

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Targeted Balance. Not applicable.

Targeted Balance. With respect to the Targeted Principal Classes and any Distribution Date appearing in the Principal Balance Schedules, the applicable amount appearing opposite such Distribution Date for such Targeted Principal Classes.

Examples of Targeted Balance in a sentence

• TB = Excess, if any, of the aggregate outstanding Principal Amount of each series of Series 2003-2 Notes immediately prior to the Monthly Calculation Date less the aggregate Targeted Balance of each series of Series 2003-2 Notes listed on Schedule I hereto for the next Quarterly Distribution Date or, if such Monthly Calculation Date is also a Quarterly Distribution Date, the Targeted Balance for that Quarterly Distribution Date.

• So long as any Series 2003-2 Notes are Outstanding, on each Quarterly Distribution Date the Trustee, upon receipt of an Issuer Order, shall use amounts on deposit in the Retirement Account to redeem Series 2003-2 Notes up to the amount needed to reduce their outstanding Principal Amount to their Targeted Balance listed on Schedule I hereto for that Quarterly Distribution Date.

• Third, to redeem each series of Series 2006-1 LIBOR Rate Notes up to the amount needed to reduce their outstanding Principal Amount to their Targeted Balance listed on Schedule I hereto for that Quarterly Distribution Date.

• Second, to redeem each series of Series 2005-1 LIBOR Rate Notes up to the amount needed to reduce their outstanding Principal Amount to their Targeted Balance listed on Schedule I hereto for that Quarterly Distribution Date.

• TB = Excess, if any, of the aggregate outstanding Principal Amount of each series of Series 2005-1 LIBOR Rate Notes or Series 2006-1 LIBOR Rate Notes, as applicable, immediately prior to the Monthly Calculation Date less the aggregate Targeted Balance of each such series listed on Schedule I hereto for the next Quarterly Distribution Date or, if such Monthly Calculation Date is also a Quarterly Distribution Date, the Targeted Balance for that Quarterly Distribution Date.

More Definitions of Targeted Balance

Targeted Balance. With respect to the Class 1-A-1 Certificates and any Distribution Date appearing on Schedule VII hereto, the applicable amount appearing opposite such Distribution Date for the aggregate of such Classes. With respect to the Class 3-A-1 Certificates and any Distribution Date appearing on Schedule IX hereto, the applicable amount appearing opposite such Distribution Date for the aggregate of such Classes.

Targeted Balance. With respect to the Targeted Principal Classes and any Distribution Date appearing in Schedule IV hereto, the applicable amount appearing opposite such Distribution Date for such respective Class or Component.

Targeted Balance. With respect to the Class of TAC Certificates and any Distribution Date, the balance for such Distribution Date as reflected in the Principal Balance Schedules annexed hereto as Exhibit R.

Targeted Balance. With respect to the Class 2-A-1, Class 2-A-3 and Class 2-A-5 Certificates and any Distribution Date appearing on Schedule VII hereto, the applicable amount appearing opposite such Distribution Date for the aggregate of such Classes. With respect to the Class 2-A-1 and Class 2-A-3 Certificates and any Distribution Date appearing on Schedule VIII hereto, the applicable amount appearing opposite such Distribution Date for the aggregate of such Classes. With respect to the Class 2-A-4 Certificates and any Distribution Date appearing on Schedule IX hereto, the applicable amount appearing opposite such Distribution Date for such Class. With respect to the Class 4-A-3 Certificates and any Distribution Date appearing on Schedule XI hereto, the applicable amount appearing opposite such Distribution Date for such Class.

Targeted Balance. With respect to the Class 6-A-1 Certificates and any Distribution Date appearing on Schedule VII hereto, the applicable amount appearing opposite such Distribution Date for the aggregate of such Classes.

Targeted Balance. With respect to any Targeted Principal Class or Component and any Distribution Date appearing in Schedule IV hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

Targeted Balance means, for the Series 2001-3 Notes and any Payment Date, the amount indicated under the column "Targeted Balance" on Schedule B attached hereto.