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.
Class Certificate Balance. With respect to any Class and any date of determination, the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all Realized Losses allocated thereto pursuant to Section 5.03(a) and (iii) all other reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b).
Class Certificate Balance. With respect to any Class (other than the Class A-PO, Class 1-A-WIO, Class 2-A-WIO, Class 3-A-WIO and Class SES Certificates) and any date of determination, the Initial Class Certificate Balance (plus, in the case of the Class 2-A-2 Certificates, any Accrual Distribution Amount previously allocated thereto) of such Class minus the sum of (i) all distributions of principal made with respect thereto (including in the case of a Class of Class B Certificates any principal otherwise payable to such Class of Class B Certificates used to pay any Class A-PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-3, Class 1-A-10 and Class 3-A-10 Certificates, any reduction allocated thereto pursuant to Section 5.03(e). The Class 1-A-WIO, Class 2-A-WIO, Class 3-A-WIO and Class SES Certificates are Interest-Only Certificates and have no Class Certificate Balance. The Class Certificate Balance of the Class A-PO Certificates as of any date of determination shall equal the sum of the Component Balances of the Class A-PO Components.
Examples of Class Certificate Balance in a sentence
The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Xxxxxx Xxx and the rights of the Certificateholders under the Trust Agreement at any time by Xxxxxx Mae with the consent of the Holders of Certificates of each Class having Original Certificate Balances aggregating not less than 66% of the Original Class Certificate Balance of such Class.
The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Xxxxxx Mae and the rights of the Certificateholders under the Trust Agreement at any time by Xxxxxx Xxx with the consent of the Holders of Certificates of each Class having Original Certificate Balances aggregating not less than 66% of the Original Class Certificate Balance of such Class.
The voting rights allocated to each Class of Certificates shall be allocated among all Holders of each such Class in proportion to the Outstanding Class Certificate Balance of such Certificates.
No later than two Business Days following each Distribution Date, the Trustee shall provide the Swap Contract Administrator with information regarding the aggregate Class Certificate Balance of the LIBOR Certificates after all distributions on such Distribution Date.
If the Senior Non-PO Certificates of two Groups remain outstanding, the distributions described above will be made to the Senior Non-PO Certificates of such Groups, pro rata, in proportion to the aggregate Class Certificate Balance of the Senior Non-PO Certificates of each such Group.
More Definitions of Class Certificate Balance
Class Certificate Balance. With respect to any Class and any date of determination, and subject to Section 5.03(g), the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-2, Class 2-A-2, Class 3-A-2 and Class 4-A-2 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus the sum of (i) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (ii) in the case of the Class 1-A-2, Class 2-A-2, Class 3-A-2 and Class 4-A-2 Certificates, any increases allocated thereto pursuant to Section 5.03(e).
Class Certificate Balance. With respect to any Class (other than the Class A-5 and Class A-WIO Certificates) and any date of determination, the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto, (ii) all Realized Losses allocated thereto pursuant to Section 5.03(a), and (iii) all other reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b). The Class A-5 and Class A-WIO Certificates are Interest-Only Certificates and have no Class Certificate Balance.
Class Certificate Balance. With respect to any Certificate (other than an Interest Only Certificate) as of any date of determination, the Class Certificate Balance of such Certificate on the Distribution Date immediately prior to such date of determination, plus, in the case of a Subordinate Certificate, any Subsequent Recoveries added to the Class Certificate Balance of such Certificate pursuant to Section 6.01, and reduced by the aggregate of (a) all distributions of principal made thereon on such immediately prior Distribution Date and (b) without duplication of amounts described in clause (a) above, reductions in the Class Certificate Balance thereof in connection with allocations thereto of Realized Losses on the Mortgage Loans and Extraordinary Trust Fund Expenses on such immediately prior Distribution Date (or, in the case of any date of determination up to and including the initial Distribution Date, the initial Class Certificate Balance of such Certificate, as stated on the face thereof); provided, however, that the Class Certificate Balance of each Subordinate Certificate of the Class of Subordinate Certificates outstanding with the highest numerical designation at any given time shall be calculated to equal the Percentage Interest evidenced by such Certificate multiplied by the excess, if any, of (A) the then aggregate Stated Principal Balance of the Mortgage Loans over (B) the then aggregate Class Certificate Balance of all other Classes of Certificates then outstanding. The Interest Only Certificates shall not have a Class Certificate Balance and shall not be entitled to any distributions of principal. The Class R Certificates shall not have Class Certificate Balances.
Class Certificate Balance. With respect to any Class (other than the Class A-7 and Class 30-IO Certificates) and any date of determination, and subject to Section 5.03(f), the Initial Class Certificate Balance of such Class (plus, in the case of the Class A-3 and Class A-4 Certificates, any Class A-3 Accrual Distribution Amounts or Class A-4 Accrual Distribution Amounts, as applicable, previously added thereto) minus (A) the sum of (i) all distributions of principal made with respect thereto (including in the case of any Class of Subordinate Certificates any principal otherwise payable to such Class of Subordinate Certificates used to pay any PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class A-2 and Class A-4 Certificates, any reduction allocated thereto pursuant to Section 5.03(e) plus (B) the sum of (i) all increases in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (ii) in the case of the Class A-2 and Class A-4 Certificates, any increases allocated thereto pursuant to Section 5.03(e). The Class A-7 and Class 30-IO Certificates are Interest-Only Certificates and have no Class Certificate Balance.
Class Certificate Balance. With respect to any Class of LIBOR Certificates and the Principal-Only Certificates and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. With respect to the Class A-IO, Class X, Class P and Class R Certificates, zero. With respect to any Lower Tier Interest, the initial Class Principal Balance as shown or described in the table set forth in the Preliminary Statement to this Agreement for the issuing REMIC, as reduced by any principal distributed with respect to such Lower Tier Interest and Realized Losses allocated to such Lower Tier Interest.
Class Certificate Balance. With respect to any Class of Certificates other than the Class C Certificates and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. With respect to the Class C Certificates and any Distribution Date, the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans as of the Due Date in the prior calendar month (after giving effect to Principal Prepayments, the principal portion of any Liquidation Proceeds and any Subsequent Recoveries received in the Prepayment Period related to that prior Due Date) over the aggregate Class Certificate Balance of the Offered Certificates and the Class P Certificates immediately prior to that Distribution Date.
Class Certificate Balance. With respect to any Class (other than the Class 1-A-6, Class A-PO, Class 15-IO, Class 30-IO and Class SES Certificates) and any date of determination, the Initial Class Certificate Balance of such Class minus the sum of (i) all distributions of principal made with respect thereto (including in the case of any Class of Class 1-B, Class X-B or Class 3-B Certificates any principal otherwise payable to such Class of Class 1-B, Class X-B or Class 3-B Certificates used to pay any Class A-PO Deferred Amounts), (ii) all reductions in Class Certificate Balance previously allocated thereto pursuant to Section 5.03(b) and (iii) in the case of the Class 1-A-2, Class 1-A-11, Class 1-A-13, Class 1-A-22, Class 2-A-5 Certificates and Class 4-A-2 Certificates, any reduction allocated thereto pursuant to Section 5.03(e). The Class 1-A-6, Class 15-IO, Class 30-IO and Class SES Certificates are Interest-Only Certificates and have no Class Certificate Balance. The Class Certificate Balance of the Class A-PO Certificates as of any date of determination shall equal the sum of the Component Balances of the Class A-PO Components.