NAS classes Clause Samples

The 'NAS classes' clause defines and categorizes the different types or classes of Network Attached Storage (NAS) that are relevant to the agreement. It typically outlines the specifications, performance levels, or intended uses for each class, such as differentiating between standard, high-performance, or archival storage solutions. By clearly distinguishing these classes, the clause ensures that both parties understand the capabilities and limitations of the storage being provided, thereby preventing misunderstandings and aligning expectations regarding data storage services.
NAS classes. Classes IA-7 and IA-8 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day:
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NAS classes. Classes I▇-▇, ▇▇-▇ and IA-8 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal the percentage shown below of its proportionate share, based on the principal balances of its group’s target-rate classes, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day.
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NAS classes. There are no non-accelerated senior, or NAS classes.
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NAS classes. Classes IA-4 and IA-8 are non-accelerated senior, or NAS, classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal the percentage shown below of its proportionate share, based on the principal balances of its group’s target-rate classes, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day.
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NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ and IA-14 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, · a portion of the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to the non-PAC subgroup of classes will be allocated to NAS classes IA-7 and IA-8 concurrently, in proportion to their principal balances. The portion of such scheduled principal payments will equal a fraction (the NAS/non-PAC fraction), the numerator of which will be the sum of $7 million plus the sum of the principal balances of classes IA-7 and IA-8 and the denominator of which will be the principal balance of the entire non-PAC subgroup. The portion of such unscheduled principal payments will equal the percentage shown in the table below for the distribution day multiplied by the NAS/non-PAC fraction. However, the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to classes IA-7 and IA-8 under this paragraph will in no event exceed 98% of the aggregate principal payments allocated to the non-PAC subgroup for that distribution day. · a portion of the scheduled and unscheduled principal payments on the pool I target-rate strip allocated to the PAC subgroup of classes will be allocated to NAS classes IA-13 and IA-14 concurrently, in proportion to their principal balances. The portion of such scheduled principal payments will equal a fraction (the NAS/PAC fraction), the numerator of which will be the sum of the principal balances of classes IA-13 and IA-14 and the denominator of which will be the principal balance of the entire PAC subgroup. The portion of such unscheduled principal payments will equal the percentage shown in the table below for the distribution day multiplied by the NAS/PAC fraction.
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NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ and IA-16 are non-accelerated senior, or NAS classes. For each distribution day, the principal allocation for each of classes IA-9 and IA-16 will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day: For the first 60 distribution days, the principal allocation for classes IA-4 and IA-15 will be zero. For distribution day 61 and after, the principal allocation for each of classes IA-4 and IA-15 will equal the preceding percentage of its proportionate share, based on the principal balances of classes I▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, IA-11 through IA-13, and IA-15, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to classes I▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, IA-11 through IA-13, and IA-15 for that distribution day.
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NAS classes. Classes I▇-▇, ▇▇-▇, ▇▇-▇▇ and IA-12 are non-accelerated senior, or NAS classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each of classes IA-4 and IA-11 will equal the percentage shown below of its proportionate share, based on the principal balances of its group’s senior target-rate classes, of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s senior target-rate classes for that distribution day. For distribution day 61 and after, the principal allocation for each of classes IA-5 and IA-12 will equal the percentage shown below of its proportionate share of scheduled and unscheduled principal payments on the related pool’s target-rate strip allocated to Subgroup II in Second in section 15.1 above for that distribution day, multiplied by a fraction equal to · the aggregate principal balance of classes IA-5 and IA-12 plus $27,416,666, over · the aggregate principal balance of Subgroup II.
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NAS classes. Classes IA-▇, ▇▇-▇, ▇▇-▇▇ ▇▇d IA-16 are non-accelerated senior, or NAS, classes. For the first 60 distribution days, the principal allocation for a NAS class will be zero. For distribution day 61 and after, the principal allocation for each NAS class will equal · its proportionate share, based on the principal balances of the group’s target-rate classes, of scheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day, plus · the following percentage of its proportionate share, based on principal balances of the group‘s target-rate classes, of unscheduled principal payments on the related pool’s target-rate strip allocated to the group’s target-rate classes for that distribution day:
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Related to NAS classes

  • Classes The officers of the Company shall be a President, a Secretary, a Treasurer, and, if deemed necessary, expedient, or desirable by the Board of Managers, an Executive Vice President, one or more Senior Vice Presidents, one or more other Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and such other officers as may be elected or appointed in accordance with the provisions of this article. Additional officers and duties may be added by amendments to this article by the Members.

  • Establishment of Series and Classes of Shares Subject to the provisions of this Section 3.6, the Trust shall consist of the Series and Classes indicated on Schedule A attached hereto (“Schedule A”), as such Schedule A may be amended from time to time. The Series and Classes indicated on Schedule A as of the date hereof are hereby established and are referred to as the “Initial Series and Classes.” The establishment of any Series or Class of Shares (other than the Initial Series and Classes) shall be effective upon the adoption by the Trustees of a resolution that sets forth the designation of, or otherwise identifies, such Series or Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth the designation of, or otherwise identifies, such Series or Class including any Registration Statement, any amendment and/or restatement of this Declaration of Trust and/or Schedule A or as otherwise provided in such resolution. Upon the establishment of any Series or Class of Shares or the termination of any existing Series or Class of Shares, Schedule A shall be amended to reflect the addition or termination of such Series or Class and any officer of the Trust is hereby authorized to make such amendment; provided that the amendment of Schedule A shall not be a condition precedent to the establishment or termination of any Series or Class in accordance with this Declaration of Trust. The relative rights and preferences of each Series and each Class (including the Initial Series and Classes) shall be as set forth herein and as set forth in any Registration Statement relating thereto, unless (with respect to any Series or Class other than the Initial Series and Classes) otherwise provided in the resolution establishing such Series or Class. Any action that may be taken by the Trustees with respect to any Series or Class, including any addition, modification, division, combination, classification, reclassification, change of name or termination may be made in the same manner as the establishment of such Series or Class. Unless otherwise provided in any Registration Statement relating thereto, Shares of the Initial Series and Classes and each additional Series or Class established pursuant to this Article III (unless otherwise provided in the resolution establishing such additional Series or Class), shall have the following relative rights and preferences:

  • SIMPLE Class The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares.

  • SPECIALIZED JOB CLASSES Where there is a particular specialized job class in which the pay rate is below the local market value assessment of that job class, the parties may use existing means under the collective agreement to adjust compensation for that job class.

  • Combination of Series and Classes The Trustees shall have the authority, without the approval of the Shareholders of the Trust or any Series or Class unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series or Classes into assets and liabilities held with respect to a single Series or Class and in connection therewith to cause the Shareholders of each such Series or Class to become shareholders of such single Series or Class.