Accretion Directed Classes definition

Accretion Directed Classes. As specified in the Preliminary Statement.
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Accretion Directed Classes. The Class I-A-7, Class I-A-8 and -------------------------- Class I-A-15 Certificates, as applicable, and the Corresponding Classes.
Sample 1
Accretion Directed Classes. As specified in the Preliminary Statement. Additional Designated Information: As defined in Section 11.02.
Sample 1

Examples of Accretion Directed Classes in a sentence

  • The interest that accrues on such Classes but is not distributed to such Classes is distributed to certain Accretion Directed Classes or other Classes as principal.

  • With respect to the Group 3 and Group 4 Underlying Certificates, because it is unlikely that each of the related Accretion Directed Classes will be reduced to zero on the same Distribution Date, principal distributions are likely to commence at different times on each of the Underlying Certificates in each of Group 3 and Group 4.Notional Classes: The Notional Classes will not receive distributions of principal but have Class Notional Balances for convenience in describing their entitlements to interest.

  • However, no interest will be distributed to the Accrual Classes until the Distribution Date following the Distribution Date on which the Class Principal Balances of the related Accretion Directed Classes have been reduced to zero.

  • Harper’s final count alleges that the Department failed to properly appoint or designate a data practices compliance official in violation of Minn.

  • The notional principal balance of the ZB2 Component (initially, $4,135,563) will be calculated based on the principal balances of certain Accretion Directed Classes and the ZB1 Component.

  • The interest accrued on the Accrual Classes may be distributed to certain Accretion Directed Classes or other Classes as principal.OTHER TYPESIMD Increased Minimum Denominatio nClasses to be offered and sold in higher minimum denominations than those of other Classes.SP Special Classes having characteristics other than those identified above.

  • The interest that accrues on such Class but is not distributed to such Class is distributed to certain Accretion Directed Classes or other Classes as principal.Classes whose Interest Rates represent a blended interest rate that may change from period to period.

  • If, with respect to any Distribution Date, 50% of the increase in the Subordinated Amount exceeds accrued interest on the MT-Accrual Class, the excess (accumulated with all such excess for all prior Distribution Dates) will be added to any increase in the Subordinated Amount for purposes of calculating accrued interest on the MT-Accrual Class payable as principal on the MT Accretion Directed Classes on the next Distribution Date.

  • The Underlying Certificate will not receive principal distributions until the Class Principal Balances of its related Accretion Directed Classes are reduced to zero.

  • Grovp 2 Principal Distribvtion Amovnt ZA Accrval AmovntOn each Distribution Date, the ZA Accrual Amount will be distributed, sequentially, as principal of the VF, VK and VL Classes, in that order, until the respective principal balances thereof are reduced to zero, and thereafter will be distributed, as principal of the FE Accretion Directed Classes and AccrualZA Class.


More Definitions of Accretion Directed Classes

Accretion Directed Classes. The Class III-A-1, Class III-A-9, Class III-A-11, Class III-A-15, Class III-A-16, Class III-A-17 and Class III-A-18 Certificates.
Sample 1

Related to Accretion Directed Classes

  • Affected Class has the meaning specified in Section 2.24(a).

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Restricted Classes As defined in Section 4.02(e).

  • Scheduled Classes As specified in the Preliminary Statement.

  • Protected class means a group of persons distinguished, or perceived to be distinguished, by race, color, religion, sex, sexual orientation, national origin, marital status, familial status, source of income or disability.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Class Coupon Formula The formula specified for each Class of variable rate Notes, as set forth in Appendix I for Original Notes and Appendix II for MAC Notes.

  • Lower Tier Principal Distribution Amount With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

  • Class Principal Distribution Amount As to each RCR Class, an amount as to principal equal to (i) the concurrent distribution of principal in respect of the related REMIC Class or Classes multiplied by (ii) a fraction the numerator of which is the Aggregate Denomination of such RCR Class and the denominator of which is the Initial Authorized Denomination of such RCR Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Erroneous Payment Impacted Class has the meaning assigned thereto in Section 11.11(d).