Common use of Note Balance Clause in Contracts

Note Balance. The Class A-1 Note Factor will be 1.0000000 as of the Closing Date; thereafter, the Class A-1 Note Factor will decline to reflect reductions in the Class A-1

Appears in 1 contract

Sources: Sale and Servicing Agreement (Asset Backed Securities Corp)

Note Balance. The Class A-1 A-2 Note Factor will be 1.0000000 as of the Closing Date; thereafter, the Class A-1 A-2 Note Factor will decline to reflect reductions in the Class A-1A-2 Note Balance.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Asset Backed Securities Corp)