Pool Subordinate Amount Sample Clauses
The Pool Subordinate Amount clause defines the portion of a loan pool or securitized asset pool that is considered subordinate, meaning it absorbs losses before more senior tranches are affected. In practice, this amount is calculated based on the outstanding balances of the underlying assets and is used to determine the level of credit protection for senior investors. By specifying the subordinate amount, the clause helps allocate risk among different classes of investors and enhances the creditworthiness of senior tranches by providing a buffer against losses.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the aggregate Class Principal Amounts of the Class 1-A1, Class 1-A2 and Class 1-A3 Certificates (in the case of Pool 1), the Class Principal Amount of the Class 2-A Certificates (in the case of Pool 2) and the aggregate Class Principal Amounts of the Class 3-A1 and Class 3-A2 Certificates (in the case of Pool 3), in each case, immediately prior to the related Distribution Date.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance as of the first day of the preceding calendar month, as reduced by Scheduled Payments due on such day for such Mortgage Pool over the aggregate Class Principal Amount of the Class IA1, Class IA2 and Class IA3 Certificates (in the case of Pool 1) or the Class Principal Amount of the Class IIA Certificates (in the case of Pool 2), in each case, immediately before such Distribution Date.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over the sum of the Class Principal Amounts of the Class A1 Certificates (in the case of Pool 1), the sum of the Class Principal Amounts of the Class A2, Class A3, Class A4 and Class A9 Certificates (in the case of Pool 2), the sum of the Class Principal Amounts of the Class A5 and Class A6 Certificates (in the case of Pool 3) or the sum of the Class Principal Amounts of the Class A7 and Class A8 Certificates (in the case of Pool 4) immediately prior to the related Distribution Date.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over the sum of the Class Principal Amounts of the Group 1 Senior Certificates (in the case of Pool 1), the sum of the Class Principal Amounts of the Class A3 Certificates (in the case of Pool 2), the sum of the Class Principal Amounts of the Group 3 Senior Certificates (in the case of Pool 3) or the sum of the Class Principal Amounts of the Group 4 Senior Certificates (in the case of Pool 4) immediately prior to the related Distribution Date.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance as of the first day of the preceding calendar month, as reduced by Scheduled Payments due on such day, for such Mortgage Pool for such Distribution Date over the aggregate Class Principal Amount of the Class A1 and Class A2 Certificates (in the case of Pool 1), the aggregate Class Principal Amount of the Class A3, Class A4 and Class A5 Certificates (in the case of Pool 2) and the aggregate Class Principal Amount of the Class A6 and Class A7 Certificates (in the case of Pool 3), in each case immediately before such Distribution Date.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the Class Principal Amount of the Class A1 Certificates and the Component Principal Amount of the A3(1) Component (in the case of Pool 1) or the Class Principal Amount of the Class A2 Certificates and the Component Principal Amount of the A3(2) Component (in the case of Pool 2), in each case, immediately prior to the related Distribution Date. Pre-Funding Account: Each account established and maintained by the Trustee pursuant to Section 4.05 hereof. The Pre-Funding Accounts shall not be considered as part of any REMIC.
Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the aggregate Class Principal Amount of the Class 1-A1 and Class 1-A2 Certificates (in the case of Pool 1), the Class Principal Amount of the Class 2-A Certificates (in the case of Pool 2) and the aggregate Class Principal Amount of the Class 3-A1, Class 3-A2, Class 3-A3, Class 3-A4 and Class 3-A5 Certificates (in the case of Pool 3), in each case, immediately prior to the related Distribution Date.