Class X Notional Balance definition

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate of the Class Principal Amount of the interests in Middle-Tier REMIC 1, as described in the Preliminary Statement.

Class X Notional Balance. With respect to any Distribution Date (and the related Interest Accrual Period) the aggregate principal balance of the regular interests in REMIC 4 as specified in the Preliminary Statement hereto. Closing Date: May 5, 2006. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions.

Examples of Class X Notional Balance in a sentence

• The Class X Notional Balance is equal to the combined principal balances of Classes A1, A2, AB1 and AB2.

• The Class X Certificates will be interest-only certificates and will not receive any principal payments, but will accrue interest on the Class X notional balance, which with respect to any of the first thirty Distribution Dates, will equal the lesser of (i) the amount specified on the Class X Notional Balance Schedule and (ii) the aggregate stated principal balance of the Mortgage Loans on such Distribution Date, and thereafter zero.

• Transition as Becoming (T3)A third view of student transition into HE is, in many ways, a rejection of transition as a useful concept, at least in how the term is often understood within HE (see T1 and T2 above).

• Taking into account the obtained results (chart nº 36), 17,9% of the enquired family units had their vehicles damaged in 2001.

• The Class X Notional Balance will be adjusted in each period so that such amount of interest will be equal to the Notional Balance multiplied by 4.00% Bear, Stearns & Co. Inc.

More Definitions of Class X Notional Balance

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the Class LT2-A, Class LT2-M1, Class LT2-M2 and Class LT2-B Interests in REMIC 2.

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period), the aggregate principal balance of the REMIC 1 Regular Interests immediately prior to such Distribution Date. Class XI Current Interest: Not applicable.

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the Class LT3-A1, LT3-A2-A, LT3-A2-B, Class LT3-M1, Class LT3-M2, Class LT3-M3, Class LT3-B1, Class LT3-B2, Class LT3-B3, Class LT3-P and Class LT3-Q Interests in REMIC 3.

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the Class LT2-A1, Class LT2-A2-A, Class LT2-A2-B, Class LT2-M1, Class LT2-M2, Class LT2-M3, Class LT2-B, Class LT2-P and Class LT2-Q Interests in REMIC 2. Closing Date: November 20, 2003. Code: The Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form.

Class X Notional Balance. Not applicable.

Class X Notional Balance. With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the Class LT-Q, LT-A1A, LT-A1B, LT-A1C, LT-A2, LT-A3, XX-X0, XX-X0X, XX-X0X, XX-X0, XX-X0, LT-M2 and LT-M3 Interests in REMIC 1.

Class X Notional Balance. With respect to any Distribution Date (and the related Interest Accrual Period) the aggregate principal balance of the regular interests in REMIC 2 as specified in the Preliminary Statement hereto. Closing Date: March 8, 2007.