Class Certificate Notional Amount definition

Class Certificate Notional Amount. With respect to the Class X-1 Certificates and any Distribution Date, each of the X-1 IO-1 Component Notional Amount (with respect to amounts to be paid from Available Funds for Loan Group 1) and the X-1 IO-2 Component Notional Amount (with respect to amounts to be paid from Available Funds for Loan Group 2), in each case for such Distribution Date. With respect to the Class X-2 Certificates and any Distribution Date, the X-2 IO Component Notional Amount for such Distribution Date.

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Class Certificate Notional Amount. With respect to the Class X-1 Certificates and any Distribution Date, the sum of the X-1-IO-1 Component Notional Amount (with respect to amounts to be paid from Available Funds for Loan Group 1) and the X-1-IO-2 Component Notional Amount (with respect to amounts to be paid from Available Funds for Loan Group 2), in each case for such Distribution Date. With respect to the Class X-2 Certificates and the first Distribution Date, the Original Certificate Notional Balance, and for any Distribution Date thereafter, the aggregate Principal Balance of the Mortgage Loans as of the first day of the month prior to such Distribution Date.

Class Certificate Notional Amount. With respect to the Class X Certificates and any Distribution Date, the sum of the Class Certificate Principal Balances of the LIBOR Certificates immediately preceding such Distribution Date.

Examples of Class Certificate Notional Amount in a sentence

Provided however, that one Certificate of each such Class of Certificates may be in a different denomination so that the sum of the denominations of all outstanding Certificates of such Class shall equal the Certificate Principal Balance or Class Certificate Notional Amount of such Class on the Closing Date.
This certifies that CEDE & CO is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Denomination of this Certificate by the Original Class Certificate Notional Amount) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by ▇▇▇▇▇▇▇▇▇ Mortgage Securities Corporation (the “Depositor”).
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class S-2 Certificate (obtained by dividing the Denomination of this Class S-2 Certificate by the Original Class Certificate Notional Amount) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Long Beach Securities Corp.
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class S-1 Certificate (obtained by dividing the Denomination of this Class S-1 Certificate by the Original Class Certificate Notional Amount) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Long Beach Securities Corp.
Provided however, that one Certificate of each such Class of Certificates may be in a different denomination so that the sum of the denominations of all outstanding Certificates of such Class shall equal the Class Certificate Balance or Class Certificate Notional Amount of such Class on the Closing Date.

More Definitions of Class Certificate Notional Amount

Class Certificate Notional Amount. With respect to the Class 1-X Certificates and any Distribution Date, the sum of the Class Certificate Principal Balance of the Class 1-A and Class 1-PO Certificates as of the first day of the month prior to such Distribution Date. With respect to the Class 2-X Certificates and any Distribution Date, the sum of the Class Certificate Principal Balances of the Class 2-A-1A, Class 2-A-1B, Class 2-A-1C and Class 2-PO Certificates on such Distribution Date. With respect to the Class 3-X Certificates and any Distribution Date, the sum of the Class Certificate Principal Balances of the Subordinate Certificates and Class 3-PO Certificates on such Distribution Date.

Class Certificate Notional Amount. With respect to the Class SP Certificates and any Distribution Date, an amount equal to the aggregate Principal Balance of the Mortgage Loans immediately prior to such Distribution Date.

Class Certificate Notional Amount. With respect to the Class X Certificates and any Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the month prior to such Distribution Date plus the amount, if any, on deposit in the Prefunding Account.

Class Certificate Notional Amount. With respect to the Class X Certificates and any Distribution Date, the X-IO Component Notional Amount for such Distribution Date.

Class Certificate Notional Amount. With respect to the Class X-1, Class X-2A, Class X-2B and Class X-B Certificates and any Distribution Date, the aggregate Class Certificate Principal Balance of (i) the Class 1-A1A, Class 1-A1B and Class PO-1 Certificates, in the case of the Class X-1 Certificates, (ii) the Class 2-A1A1, Class 2-A1B and Class PO-2A Certificates, in the case of the Class X-2A Certificates, (ii) the Class 2-A1A2 and Class PO-2B Certificates, in the case of the Class X-2B Certificates and (iv) the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7 and Class PO-B Certificates, in the case of the Class X-B Certificates, in each case, as of the day immediately preceding such Distribution Date.

Class Certificate Notional Amount. With respect to the Class 1-X Certificates and any Distribution Date, the sum of the Class Certificate Principal Balances of the Class 1-A1, Class 1-A2 and Class 1-PO Certificates on such Distribution Date. With respect to the Class 2-X Certificates and any Distribution Date, the aggregate Principal Balance of the Group 2 Mortgage Loans as of the first day of the month prior to such Distribution Date.

Class Certificate Notional Amount. With respect to the Class X Certificates and any Distribution Date, the aggregate Class Certificate Balance of the Class 3A-1 and Class 3A-2 Certificates for such Distribution Date.

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