Class A-3 Loss Amount definition

Class A-3 Loss Amount. With respect to any Determination Date after the Subordination Depletion Date, the amount, if any, by which the Principal Balance of the Class A-3 Certificates would be reduced as a result of the application of the third sentence of the definition of Principal Balance.
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Class A-3 Loss Amount. With respect to any Distribution Date after the Senior Credit Support Depletion Date, the amount, if any, by which the Class Certificate Balance of the Class A-3 Certificates would be reduced as a result of the allocation of any reduction pursuant to Section 5.03(b) to such Class, without regard to the operation of Section 5.03(e).
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Class A-3 Loss Amount means, with respect to any Distribution Date, the product of (a) the Class A-3 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period.
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Examples of Class A-3 Loss Amount in a sentence

  • Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Component Balance of the Class A-4-3 Component prior to any reduction for the Class A-4-3 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates.

  • Notwithstanding the foregoing, on any Distribution Date in which the sum of the Class A-3 Loss Amount and Class A-11 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed pro rata, based on the Class Certificate Balances of the Class A-3 and Class A-11 Certificates in reduction of the Class Certificate Balance of the Class A-3 and Class A-11 Certificates.

  • Notwithstanding the foregoing, on any Distribution Date in which the Class A-3 Loss Amount exceeds the Class Certificate Balance of the Class A-4 Certificates prior to any reduction for the Class A-4 Loss Allocation Amount, such excess will be distributed in reduction of the Class Certificate Balance of the Class A-3 Certificates.


More Definitions of Class A-3 Loss Amount

Class A-3 Loss Amount. With respect to any Distribution Date, the amount, if any, by which the Class Balance of the Class A-3 Certificates would be reduced as a result of the allocation of any reduction pursuant to Section 3.03(a) to such Class, without regard to the operation of Section 3.03(b).
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Class A-3 Loss Amount means, with respect to any Monthly Allocation Date, the product of (a) the Class A-3 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period. "CLASS A-3 PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Monthly Allocation Date related to a Collection Period commencing during the Amortization Period, the amount (if any) that is distributable to the Class A-3 Certificateholders pursuant to Section 3.01(d) of the 1997-A Securitization Trust Agreement. "CLASS A-3 RATE" means -% per annum.
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Class A-3 Loss Amount means, with respect to any Monthly Allocation Date, the product of (a) the Class A-3 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period.
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Related to Class A-3 Loss Amount

  • Class M-2 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-2 Certificates.

  • Class M-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-1 Certificates.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.