Subordination Reduction Amount definition

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

Subordination Reduction Amount. With respect to any Distribution Date on or after the Stepdown Date on which no Trigger Event exists, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Total Monthly Excess Spread.

Subordination Reduction Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the Excess Subordination Amount and (b) the principal collections received by the Master Servicer with respect to the prior Due Period.

Examples of Subordination Reduction Amount in a sentence

• The Pooling and Servicing Agreement provides that, on any Distribution Date, all unscheduled collections on account of principal (other than any such amounts applied to the payment of a Subordination Reduction Amount with respect to any Pool) during the related Due Period are to be distributed to the holders of the Certificates of such Pool in numerical order on such Distribution Date.

• SUBORDINATION INCREASE AMOUNT: With respect to any Payment Date, the amount of any Net Monthly Excess Cashflow (including any Subordination Reduction Amount) available in the Payment Account to increase the Subordination Amount up to the Required Subordination Amount.

• Premium Amount Current Next Distribution Distribution Date Date ---- ---- Available Funds Available Funds Available Funds Shortfall Amortized Subordinated Amount Requirement Excess Subordinated Amount Specified Subordinated Amount Subordinated Amount Subordination Deficiency Amount Subordination Deficit Subordination Increase Amount Subordination Reduction Amount Principal Carry Forward Amount Principal Distribution Amount Reimbursement Amount Balance of Largest Loan EquiVantage Inc.

• Premium Amount Current Next Distribution Distribution Date Date ------------ ------------ Available Funds Available Funds Available Funds Shortfall Amortized Subordinated Amount Requirement Excess Subordinated Amount Specified Subordinated Amount Subordinated Amount Subordination Deficiency Amount Subordination Deficit Subordination Increase Amount Subordination Reduction Amount Principal Carry Forward Amount Principal Distribution Amount Reimbursement Amount Balance of Largest Loan EquiVantage Inc.

More Definitions of Subordination Reduction Amount

Subordination Reduction Amount. With respect to any Mortgage Loan Group and Payment Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Mortgage Loan Group and Payment Date and (y) the Principal Remittance Amount with respect to such Mortgage Loan Group for the related Remittance Period.

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the sum of the amounts available for distribution specified in clauses (b)(i) through (iii) of the definition of Principal Distribution Amount.

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount for such Distribution Date and (b) the Principal Remittance Amount for the prior Due Period.

Subordination Reduction Amount. With respect to any Pool and any Remittance Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Pool and Remittance Date and (y) the sum of the amounts calculated pursuant to clauses (X)(i) through (v), inclusive, and (vii) of the definition of Pool Principal Distribution Amount with respect to such Pool and Remittance Date.

Subordination Reduction Amount. With respect to any Payment Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Payment Date and (y) the Principal Remittance Amount for the related Remittance Period.

Subordination Reduction Amount. For any Distribution Date, the lesser of (a) the Excess Subordinated Amount and (b) the Total Monthly Excess Spread.

Subordination Reduction Amount. An amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the sum of the amounts available for distribution specified in clauses (b)(i)(A) through (C) of the definition of Class A Principal Distribution Amount.