Class Factor Sample Clauses

The "Class Factor" clause defines how different classes or categories within a contract are treated for specific purposes, such as calculating payments, allocating resources, or determining rights and obligations. In practice, this clause might specify that certain benefits, rates, or responsibilities vary depending on whether a party or item falls into a particular class, such as employee types, product categories, or service levels. Its core function is to ensure that distinctions between classes are clearly recognized and applied, thereby promoting fairness and clarity in the administration of the contract.
Class Factor. As to any date of determination and any Class of Certificates (other than any Interest Only Class or any No Payment Residual Certificate), a fraction, the numerator of which is (i) the original Class Balance of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and has been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination, and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is (i) the percentage specified in the related Prospectus Supplement for such Interest Only Class multiplied by (ii) the then current Class Balance of the Class (or, if applicable, the Component Balance of the Component or the principal balance of the Mortgage-Backed Security) from which the Class Balance of such Interest Only Class is derived as specified in the related Prospectus Supplement (or, if more than one percentage and Class (or Component or Mortgage-Backed Security) is so specified, the sum of the products described in this sentence), and the denominator of which is the original Class Balance of such Interest Only Class.
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Class Factor. As to any date of determination and the BF or PO Class, a fraction, the numerator of which is (i) the original Class Balance thereof, less the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination, and the denominator of which is the original Class Balance of such Class. As to any date of determination and the CS, BI, IB, BS or AS Class, a fraction, the numerator of which is (i) the percentage specified in the REMIC Prospectus Supplement for such Class multiplied by (ii) the then current Class Balance of the BF Class, and the denominator of which is the original Class Balance of such CS, BI, IB, BS or AS Class, as applicable. As to any date of determination and the AF, CF or PT RCR Class, a fraction, the numerator of which is the sum of the then current Class Balances of the Classes of Trust Certificates or specified portions thereof (other than any interest only Classes) included in the same Certificate Group, and the denominator of which is the sum of the original Class Balances of such Classes of Trust Certificates or specified portions thereof. As to the Mega Certificate and any Distribution Date, the numerical equivalent (carried to eight decimal places) of a fraction, the numerator of which is the aggregate principal balance of the Group 4 MBS with respect to that Distribution Date (after giving effect to distributions thereon) and the denominator of which is the aggregate principal balance of the Group 4 MBS as of the Issue Date.
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Related to Class Factor

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • Adjustment Factor The Bidder’s competitively bid price adjustment to the unit prices published in the Construction Task Catalog®.

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1500.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.