Class C Certificate Balance definition

Class C Certificate Balance means, as of any Payment Date, the Supplemental Enhancement Account Balance.
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Class C Certificate Balance means the Initial Class [C] Certificate Balance reduced by all amounts allocable to principal previously distributed to Class [C] Certificateholders.
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Class C Certificate Balance shall equal, initially, the Original Class C Certificate Balance and, thereafter, shall equal the amount by which the Pool Balance as of the last day of the related Collection Period exceeds the sum of the Class A Certificate Balance and the Class B Certificate Balance as of such Distribution Date after all required distributions, deposits and withdrawals have been made.
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Examples of Class C Certificate Balance in a sentence

  • Notwithstanding that the Notes have been paid in full, the Indenture Trustee shall continue to maintain the Collection Account hereunder until the Class [C] Certificate Balance is reduced to zero.

  • On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate principal amount equal to the Initial Class [C] Certificate Balance to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by the Owner Trustee on behalf of the Trust, without further action by the Depositor, in authorized denominations.

  • The Class A Certificates, Class B Certificates and Class C Certificates shall be issuable in minimum denominations of $1,000 and integral multiples in excess thereof, provided that one Class C Certificate, may be issued in a denomination that includes any remaining portion of the Original Class C Certificate Balance, respectively (each, a "Residual Certificate").

  • Notwithstanding that the Notes have been paid in full, the Indenture Trustee shall continue to maintain the Collection Account hereunder until the Class C Certificate Balance is reduced to zero.

  • Following the payment in full of the aggregate Outstanding Amount of the Notes and the Class C Certificate Balance and of all other amounts owing or to be distributed hereunder or under the Indenture or the Trust Agreement to Noteholders and the termination of the Trust, any amount then allocated to the Reserve Account shall be paid to Huntington.

  • Following the payment in full of the aggregate Outstanding Amount of the Notes and the Class [C] Certificate Balance and of all other amounts owing or to be distributed hereunder or under the Indenture or the Trust Agreement to Noteholders and the termination of the Trust, any amount then allocated to the Reserve Account shall be paid to Regions Bank.

  • The Class C Certificate Balance after giving effect to the distributions allocable to principal on the Distribution Date set forth above ..........................................

  • On the Closing Date, the Owner Trustee shall cause the Trust Certificates in an aggregate principal amount equal to the Initial Class C Certificate Balance to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by the Owner Trustee on behalf of the Trust, without further action by the Depositor, in authorized denominations.

  • Following the payment in full of the aggregate Outstanding Amount of the Notes and the Class [C] Certificate Balance and of all other amounts owing or to be distributed hereunder or under the Indenture or the Trust Agreement to Noteholders and the termination of the Trust, any amount then allocated to the Reserve Account shall be paid to National City Bank.

  • AEGIS AUTO RECEIVABLES TRUST 1996-3 AUTOMOBILE RECEIVABLE PASS-THROUGH CERTIFICATES CLASS C CERTIFICATE PPN: CUSIP: NUMBER R-1 Original Certificate Balance: Class C Rate $_______________________ Final Scheduled Distribution Date: March 20, 2002 Initial Class C Certificate Balance of all Class C Certificates: $ THIS CERTIFIES THAT ___________________ is the registered owner of this _________ DOLLARS Class C Certificate.


More Definitions of Class C Certificate Balance

Class C Certificate Balance shall equal, initially, the Class C Percentage of the aggregate Principal Balance of the Initial Receivables as of the initial Cutoff Date plus the Class C Percentage of the Original Pre-Funded Amount and, thereafter, shall equal the initial Class C Certificate Balance, reduced by all amounts previously distributed to Class C Certificateholders as principal.
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Class C Certificate Balance means, initially, the Class C Percentage of the Cutoff Date Pool Balance, and thereafter shall equal the initial Class C Certificate Balance reduced by all amounts previously distributed to the Class C Certificateholder and allocable to principal. If the date of determination is a Distribution Date, then such Class C Certificate Balance shall be reduced by all such amounts distributed on such date.
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Class C Certificate Balance means the Initial Class C Certificate Balance reduced by all amounts allocable to principal previously distributed to Class C Certificateholders.
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Class C Certificate Balance. Initially, as of the Closing Date, $14,579,362.75 (approximately 3.0% of the Initial Aggregate Receivables Balance) and, on any Distribution Date thereafter, the initial Class C Certificate Balance, reduced by the sum of (i) all Distributions in respect of the Class C Certificate Balance actually made on or prior to such date to Class C Certificateholders and (ii) the Class C Certificate Reduction Amount as of the preceding Distribution Date.
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Related to Class C Certificate Balance

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Certificate Balance As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Initial Certificate Balance means $[ ].

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.