Common use of Authorized Denomination Clause in Contracts

Authorized Denomination. With respect to the Certificates (other ----------------------- than the Class I-A-2, Class I-A-4, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-20, Class I-A-21, Class I-A-23, Class I-A-26, Class X and Residual Certificates), an initial Certificate Principal Balance equal to $25,000 and integral multiples of $1 in excess thereof, except that one Certificate of each such Class may be issued in a different amount. With respect to the Class I-A-4, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-21 and Class I-A-26 Certificates, an initial Certificate Principal Balance equal to $1,000 and integral multiples of $1 in excess thereof. With respect to the Class X and Class I-A-2, Class I-A-20 and Class I-A-23 Certificates, a Class Notional Amount as of the Cut-Off Date equal to $100,000 and multiples of $1 in excess thereof. With respect to each Class of the Residual Certificates, one Certificate with a Percentage Interest equal to 0.01% and one Certificate with a Percentage Interest equal to 99.99%.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Authorized Denomination. With respect to the Certificates ------------------------ (other ----------------------- than the Class I-A-2A-10, Class I-A-4A-13, Class I-A-7A-14, Class I- A-22, Class I-A-24, Class II-A-7, Class II-A-8, Class III-A-9A-10, Class III-A-15A-11, Class III-A-16, Class I-A-17, Class I-A-18, Class I-A-20, Class I-A-21, Class I-A-23, Class I-A-26A-12, Class X and Residual Certificates), an initial Certificate Principal Balance equal to $25,000 and integral multiples of $1 in excess thereof, except that one Certificate of each such Class may be issued in a different amount. With respect to the Class I-A-4, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-21 and Class I-A-26 Certificates, an initial Certificate Principal Balance equal to $1,000 and integral multiples of $1 in excess thereof. With respect to the Class X and Class I-A-2A- 13, Class I-A-20 A-14, Class II-A-7, Class II-A-8, Class II-A-11 and Class II-A-12 Certificates, an initial Certificate Principal Balance equal to $1,000 and multiples of $1 in excess thereof. With respect to the Class X, Class I-A-23 A-10, Class I-A-22, Class I- A-24 and Class II-A-10 Certificates, a Class Notional Amount as of the Cut-Off Date equal to $100,000 and multiples of $1 in excess thereof, except that one Certificate of each such Class may be issued in a different amount. With respect to each Class of the Residual Certificates, one Certificate with a Percentage Interest equal to 0.01% and one Certificate with a Percentage Interest equal to 99.99%.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Authorized Denomination. With respect to the Certificates (other ----------------------- than the Class I-A-2, Class I-A-4, Class I-A-7A-5, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-12, Class I-A-14, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-20, Class I-A-21, Class I-A-23, Class I-A-26, Class X and Residual Certificates), an initial Certificate Principal Balance equal to $25,000 and integral multiples of $1 in excess thereof, except that one Certificate of each such Class of the Junior Subordinate Certificates may be issued in a different amountan amount that is not an integral multiple of $1. With respect to the Class I-A-4, Class I-A-7A-5, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-14, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-21 A-16 and Class I-A-26 A-17 Certificates, an initial Certificate Principal Balance equal to $1,000 and integral multiples of $1 in excess thereof. With respect to the Class X I-A-12 and Class I-A-2, Class I-A-20 and Class I-A-23 X Certificates, a Class Notional Amount as of the Cut-Off Date equal to $100,000 and multiples of $1 in excess thereof. With respect to each Class of the Residual Certificates, one Certificate with a Percentage Interest equal to 0.01% and one Certificate with a Percentage Interest equal to 99.99%.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)