Class S Notional Amount definition
Class S Notional Amount. For any Distribution Date, the aggregate Certificate Principal Balance of the Class A, Class M-1, Class M-2, Class B-1, Class B-2 and Class R Certificates immediately prior to such Distribution Date.
Class S Notional Amount. With respect to any Payment Date, the Class A Certificate Principal Balance for such Payment Date (before giving effect to distributions made on such Payment Date).
Class S Notional Amount. As to any Distribution Date and the Class S Certificates, the Pool Principal Balance of the Home Loans as of the opening of business on the first day of the calendar month preceding the calendar month of such Distribution Date (i.e., if the Distribution Date is June 25, the first day of the calendar month preceding the calendar month of such Distribution Date is May 1), or in the case of the first Distribution Date, the Initial Pool Principal Balance. Closing Date: March 10, 1997.
Examples of Class S Notional Amount in a sentence
The Class S Certificates shall be initially evidenced by one or more certificates representing the entire original Class S Notional Amount and shall be held in minimum notional amounts of $1,000 and multiples of one dollar in excess thereof, except that one Class S Certificate may be in a notional amount of less than $1,000 so that the sum of the denominations of all outstanding Class S Certificates shall equal the Class S Notional Amount on the Closing Date.
More Definitions of Class S Notional Amount
Class S Notional Amount. As to any Distribution Date will equal the product of: (x) the aggregate Stated Principal Balance, as of the second preceding Due Date after giving effect to scheduled payments for that Due Date, whether or not received, or for the initial Distribution Date, as of the Cut-off Date, of the Premium Rate Mortgage Loans, and (y) a fraction, the numerator of which is the weighted average of the Stripped Interest Rates for such Premium Rate Mortgage Loans as of that Due Date and the denominator of which is 7.50%.
Class S Notional Amount. With respect to any Distribution Date, the ----------------------- Class A Note Principal Balance for such Distribution Date (before giving effect to distributions made on such Distribution Date).
Class S Notional Amount. For any Distribution Date, the aggregate Certificate Principal Balance of the Class A Certificates for such Distribution Date.
Class S Notional Amount. With respect to any Distribution Date shall equal the product of (x) the aggregate Stated Principal Balance, as of the second preceding Due Date after giving effect to payments scheduled to be received as of such Due Date, whether or not received, or with respect to the initial Distribution Date, as of the Cut-off Date, of the Group II Premium Rate Mortgage Loans and (y) a fraction, the numerator of which is the weighted average of the Class II Pool Strip Rates for the Group II Premium Rate Mortgage Loans and the denominator of which is 7.75%. The Class S Notional Amount as of the Cut-off Date shall be $1,201,720.