Examples of Non-PO Percentage in a sentence
In full, this part of the definition of Adjusted Net Mortgage Rate provides: “For purposes of determining whether any Substitute Mortgage Loan is a Discount Mortgage Loan or a Non-Discount Mortgage Loan and for purposes of calculating the applicable PO Percentage and the applicable Non-PO Percentage, each Substitute Mortgage Loan shall be deemed to have an Adjusted Net Mortgage Rate equal to the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan for which it is substituted.” PSA, art.
On each Distribution Date, we will allocate the applicable Non-PO Percentage of Excess Losses among the Senior Classes and the Non-Senior Classes, pro rata, based on their respective principal balances.
I, I-1 (“For purposes of determining whether any Substitute Mortgage Loan is a Discount Mortgage Loan or a Non-Discount Mortgage Loan and for purposes of calculating the applicable PO Percentage and the applicable Non-PO Percentage, each Substitute Mortgage Loan shall be deemed to have an Adjusted Net Mortgage Rate equal to the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan for which it is substituted.”).
Allocation of Losses On each Distribution Date, we will allocate the applicable Non-PO Percentage of any Realized Loss (other than any Excess Loss) in the following order of priority: (i) to the Non-Senior CertiÑcates, in the reverse order of their numerical Class designations (beginning with the Class of Non-Senior CertiÑcates with the highest numerical Class designa- tion), in each case until the principal balance of that Class is reduced to zero; and (ii) to the Senior Classes.
Kroup 1 Loans having Net Mortgage Rates lower than 5.92%.Category 1a Non-PO Percentage.