Class X Notional Balance

Example Definitions of "Class X Notional Balance"
Class X Notional Balance. Immediately prior to any Payment Date after the first Payment Date, the aggregate Principal Balance of the Mortgage Loans as of the first day of the related Due Period (prior to giving effect to scheduled payments due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period). The Class X Notional Balance immediately prior to the first Payment Date will equal the aggregate Cut-off Date Principal... Balance of the Initial Mortgage Loans. View More Arrow
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