Class A-3 Pool Factor definition

Class A-3 Pool Factor means, with respect to any Payment Date, an eight-digit decimal figure equal to the Class A-3 Note Balance as of the close of business on the last day of the related Collection Period divided by the Initial Class A-3 Note Balance. The Class A-3 Pool Factor will be 1.0000000 as of the Closing Date; thereafter, the Class A-3 Pool Factor will decline to reflect reductions in the Class A-3 Note Balance.
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Class A-3 Pool Factor means, with respect to any Payment Date, an eight-digit decimal figure equal to the Class A-3 Note Balance as of the close of business on the last day of the related Collection Period divided by the Initial Class A-3
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Examples of Class A-3 Pool Factor in a sentence

  • The Class A-3 Pool Factor will be 1.0000000 as of the Closing Date; thereafter, the Class A-3 Pool Factor will decline to reflect reductions in the Class A-3 Note Balance.

Related to Class A-3 Pool Factor

  • Certificate Pool Factor means, with respect to the Certificates on any Payment Date, a seven-digit decimal figure equal to the outstanding principal balance of the Certificates on such Payment Date (after giving effect to any reductions thereof to be made on such Payment Date) divided by the Original Certificate Balance.

  • 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.

  • Class A-1 Rate means 5.471% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Note Pool Factor means, with respect to each Class of Notes as of any Payment Date, a seven-digit decimal figure equal to the Outstanding Amount of such Class of Notes as of such Payment Date (after giving effect to any reductions thereof to be made on such Payment Date) divided by the original outstanding principal balance of such Class of Notes.