Notional Principal Balance definition

Notional Principal Balance. The Notional Principal Balance of the Class X Certificates on any date shall equal the sum of all of the Subaccount Principal Balances on such date.

Notional Principal Balance. As to any Interest Only Certificate prior to the initial Distribution Date, the denomination thereof and, as to any Interest Only Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Certificate Principal Factor.

Notional Principal Balance. As to any Distribution Date and the Class S Certificates, the aggregate Scheduled Principal Balance of the Outstanding Non-Discount Mortgage Loans as of the Due Date in the month preceding such Distribution Date. As to any Distribution Date and any Class S Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class S Certificates for such Distribution Date.

Examples of Notional Principal Balance in a sentence

• The total amount of interest distributed on or added to the Certificate Principal Balance of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

• The total amount of interest distributed on or added to the principal of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

• The total amount of interest distributed on any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

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

• The total amount of interest distributable on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

More Definitions of Notional Principal Balance

Notional Principal Balance. Participation Certificate", "Special Distribution Date" and "Special Record Date."

Notional Principal Balance. With respect to any Interest Only Certificate, the denomination thereof multiplied by the Certificate Principal Factor for the applicable Class.

Notional Principal Balance. With respect to each Distribution Date and for each Component of the Class A-IO Certificates, the Notional Principal Balance thereof will equal the lesser of the related Assumed Principal Balance for such date and the amount determined for such date with reference to the following schedule: Class A-IO-I Class A-IO-II Distribution Date Component Component 1 $135,000,000.00 $176,229,000.00 2 134,475,000.00 176,229,000.00 3 133,653,000.00 176,229,000.00 4 132,574,000.00 176,229,000.00 5 131,240,000.00 176,229,000.00 6 129,651,000.00 176,229,000.00 7 127,812,000.00 176,229,000.00 8 125,760,000.00 176,229,000.00 9 123,500,000.00 176,229,000.00 10 121,045,000.00 176,229,000.00 11 118,535,000.00 176,229,000.00 12 115,983,000.00 176,229,000.00 13 113,486,000.00 130,540,000.00 14 111,041,000.00 130,540,000.00 15 104,272,000.00 130,540,000.00 16 96,502,000.00 130,540,000.00 17 89,309,000.00 130,540,000.00 18 82,652,000.00 130,540,000.00 19 76,491,000.00 130,540,000.00 20 70,788,000.00 130,540,000.00 21 65,510,000.00 130,540,000.00 22 60,625,000.00 130,540,000.00 23 56,104,000.00 130,540,000.00 24 51,919,000.00 122,277,000.00 25 48,046,000.00 113,200,000.00 26 44,461,000.00 104,796,000.00 27 41,144,000.00 97,015,000.00 28 38,074,000.00 89,811,000.00 29 35,232,000.00 83,142,000.00 30 32,602,000.00 76,967,000.00 With respect to the (1) Class S-I Component and any Distribution Date, the excess of (A) the Assumed Principal Balance for Group I for such date, over (B) the aggregate Certificate Principal Balance of the Group I Certificates (other than the Class AF-1 Certificates); and (2) the Class S-II Component and (A) any of the first 36 Distribution Dates, the aggregate Stated Principal Balance of each adjustable rate Mortgage Loan for such date that has not reached its Initial Adjustment Date as of the end of the related Due Period, and (B) for any Distribution Date thereafter, zero.

Notional Principal Balance. With respect to each Distribution Date -------------------------- and the Class A-IO Certificates, the lesser of the Assumed Principal Balance for such date and the amount determined for such date with reference to the following schedule: Distribution Dates Notional Amount ------------------ ---------------

Notional Principal Balance. Not applicable. Offered Certificates: The Class A-1A, Class X-0X, Xxxxx X-0X, Xxxxx X-0X, Class A-2C, Class A-2D, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2 and Class B-3 Certificates. Original Pre-Funded Amount: $140,374,843, $67,442,487.35 of which may be applied to the purchase of additional fixed rate and adjustable rate Mortgage Loans for Group I and $72,932,355.65 of which may be applied to the purchase of additional fixed rate and adjustable rate Mortgage Loans for Group II. Physical Certificates: The Private Certificates.

Notional Principal Balance. As to any Distribution Date and the Class A5 Certificates, the product of (i) the Class Certificate Principal Balance of the Class A5 Certificates for such Distribution Date and (ii) 2.50%. As to any Distribution Date and any Class A5 Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class A5 Certificates for such Distribution Date. As to any Distribution Date and the Class A26 Certificates, the Class Certificate Principal Balance of the Class A3 Certificates. As to any Distribution Date and any Class A26 Certificates, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class A26 Certificates for such Distribution Date. As to any Distribution Date and the Class S Certificates, the aggregate Scheduled Principal Balance of the Outstanding Non-Discount Mortgage Loans as of the Due Date in the month preceding such Distribution Date. As to any Distribution Date and any Class S Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class S Certificates for such Distribution Date.

Notional Principal Balance. As to any Distribution Date and the Class A9 Certificates, the product of (i) the Class Certificate Principal Balance of the Class A8 Certificates for such Distribution Date and (ii) 0.015625. As to any Distribution Date and any Class A9 Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class A9 Certificates for such Distribution Date. As to any Distribution Date and the Class S Certificates, the aggregate Scheduled Principal Balance of the Outstanding Non-Discount Mortgage Loans as of the Due Date in the month preceding such Distribution Date. As to any Distribution Date and any Class S Certificate, such Certificate's Percentage Interest of the aggregate Notional Principal Balance of the Class S Certificates for such Distribution Date.