Common use of Notional Principal Amount Clause in Contracts

Notional Principal Amount. The Class A-1, Class AIO, Class M-1, Class M-2, Class M-3, Class O and Class P Certificates are hereby designated as "regular interests" with respect to the Upper-Tier REMIC (the "Upper-Tier REMIC Regular Interests") and the Class ---------------------------------- RU Certificate is hereby designated as the single "residual interest" with respect to the Upper-Tier REMIC. On each Distribution Date, available funds, if any, remaining in the Upper-Tier REMIC after payments of interest and principal as designated herein shall be distributed to the Class RU Certificates.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2001-1)

Notional Principal Amount. The Class A-1, Class AIO, Class M-1, Class M-2, Class M-3, Class O and Class P Certificates are hereby designated as "regular interests" with respect to the Upper-Tier REMIC (the "Upper-Tier REMIC Regular Interests") and the Class ---------------------------------- RU Certificate is hereby designated as the single "residual interest" with respect to the Upper-Tier REMIC. On each Distribution Date, available funds, if any, remaining in the Upper-Tier REMIC after payments of interest and principal as designated herein shall be distributed to the Class RU Certificates.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Notional Principal Amount. The Class A-1, Class AIO, Class M-1, Class M-2, Class M-3, Class O and Class P Certificates are hereby designated as "regular interests" with respect to the Upper-Tier REMIC (the "Upper-Tier REMIC Regular Interests") and ---------------------------------- the Class ---------------------------------- RU Certificate is hereby designated as the single "residual interest" with respect to the Upper-Tier REMIC. On each Distribution Date, available funds, if any, remaining in the Upper-Tier REMIC after payments of interest and principal as designated herein shall be distributed to the Class RU Certificates.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp)