Class Notional Principal Balance definition

Class Notional Principal Balance. With respect to any Class of Interest Only Certificates at any time, the aggregate of the Notional Principal Balances of all Certificates of such Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.
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Class Notional Principal Balance. With respect to any Interest Only Class at any time, the aggregate of the Notional Principal Balance of all Certificates of such Class.
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Examples of Class Notional Principal Balance in a sentence

  • The Class B Certificate shall be evidenced by a single certificate the denomination of which will represent the original Class Notional Principal Balance thereof.

  • Each Redemption Certificate shall be evidenced by a single certificate the denomination of which will represent the original Class Notional Principal Balance thereof.

  • Xxxxxx Mae shall distribute to the Class 3-R Certificateholder the proceeds of the remaining assets of the Trust, if any, after the Class Certificate Principal Balance or Class Notional Principal Balance, as applicable, of each Class of Certificates has been reduced to zero.


More Definitions of Class Notional Principal Balance

Class Notional Principal Balance. With respect to the Class B Certificate at any time, the denomination of the related Certificate multiplied by the then applicable Certificate Principal Factor.
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Class Notional Principal Balance. With respect to each Redemption Class at any time, the denomination of the related Certificate multiplied by the then applicable Certificate Principal Factor.
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Class Notional Principal Balance. With respect to any Class of Interest Only Certificates at any time, the aggregate of the Notional Principal Balances of all Certificates of such Class. Class 25-F1 Component: The component of the Class 25-F Certificates having an initial principal balance of $17,775,625. Class 25-F2 Component: The component of the Class 25-F Certificates having an initial principal balance of $18,666,750.
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Class Notional Principal Balance. With respect to the Class 3-B Certificates, at any time, the aggregate of the Notional Principal Balances of all Certificates of such Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions. Depository: The Depository Trust Company, a New York-chartered limited purpose trust company, or any successor depository selected by Xxxxxx Mae.
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Related to Class Notional Principal Balance

  • Class Principal 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.

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

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; 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 or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • 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.

  • Class B Principal Balance As of any date, an amount equal to the sum of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.