Class A-3 Principal Balance definition

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.
View Source
Class A-3 Principal Balance means, as to any Remittance Date, the Original Class A-3 Principal Balance less all amounts previously distributed to Holders of Class A-3 Certificates on account of principal.
View Source
Class A-3 Principal Balance means, as of any date of determination, the Original Class A-3 Principal Balance less any Principal Distribution Amounts distributed on the Class A-3 Certificates on all prior Remittance Dates.
View Source

Examples of Class A-3 Principal Balance in a sentence

  • On the Class A-3 Termination Date any portion of the Remaining Group I Principal Distribution Amount remaining on such Payment Date following the reduction to zero of the Class A-3 Principal Balance shall be distributed as the initial principal distribution on the Class A-4 Group I Certificates.

  • Notwithstanding the foregoing, the aggregate amounts distributed on all Remittance Dates to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates, the Holders of the Class A-3 Certificates, the Holders of the Class A-4 Certificates on account of principal shall not exceed the Original Class A-1 Principal Balance, Original Class A-2 Principal Balance, Original Class A-3 Principal Balance or Original Class A-4 Principal Balance, as applicable.

  • The obligations of the Certificate Insurer hereunder shall terminate upon the deposit by the Servicer with the Trustee of a sum sufficient to purchase all of the Mortgage Loans and REO Properties as set forth above and when the Class A-1 Principal Balance, Class A-2 Principal Balance and Class A-3 Principal Balance has been reduced to zero.

  • Notwithstanding the foregoing, the aggregate amounts distributed on all Remittance Dates to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates and the Holders of the Class A-3 Certificates on account of principal shall not exceed the Original Class A-1 Principal Balance, Original Class A-2 Principal Balance or Original Class A-3 Principal Balance, as applicable.

  • The Class A-3 Certificates shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A-3 Certificate with a denomination equal to the Original Class A-3 Principal Balance.


More Definitions of Class A-3 Principal Balance

Class A-3 Principal Balance. At any time, the Original Class A-3 Principal Balance minus the sum of all amounts previously distributed on the Class A-3 Certificates since the Closing Date pursuant to clauses A(ii) and B(ii) of Section 6.01(a).
View Source
Class A-3 Principal Balance means, for any Payment Date, the Original --------------------------- Class A-3 Principal Balance less all amounts previously distributed to Holders of Class A-3 Certificates in respect of principal.
View Source
Class A-3 Principal Balance. The original Class A-3 Principal Balance of $10,000,000 reduced by the sum of all amounts previously distributed to the Owners of the Class A-3 Group I Certificates in respect of principal on all previous Payment Dates, but shall not be reduced below zero.
View Source
Class A-3 Principal Balance means, as to any Payment Date, the Original Class A-3 Principal Balance less all amounts previously distributed to Holders of Class A-3 Certificates in respect of principal.
View Source
Class A-3 Principal Balance. As of any date of determination, the Original Class A-3 Principal Balance, reduced by the sum of all amounts (including, except for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments, if any, made in respect of principal) previously distributed to Class A-3 Certificateholders in respect of principal.
View Source
Class A-3 Principal Balance. As of any date of determination, an amount equal to the Class A-3 Initial Principal Balance less any principal payments previously made on the Class A-3 Notes.
View Source
Class A-3 Principal Balance means, as to any Distribution Date, the Original Class A-3 Principal Balance less the sum of: (i) all amounts distributed to Holders of Class A-3 Notes on prior Distribution Dates on account of principal pursuant to Sections 8.02(c)(4)(iii) and (iv); and (ii) all Class A-3 Principal Liquidation Losses determined as of prior Distribution Dates.
View Source