Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 1-P Fraction thereof, with respect to any Class 1-P Mortgage Loan) and (ii) the Group 1 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 for such Distribution Date.
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Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-8), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-1), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-10)
Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 Subgroup 1-2 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 Subgroup 1-2 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 1-P Fraction thereof, with respect to any Class 1-P Mortgage Loan) immediately before such Distribution Date and (ii) the Group 1 Subgroup 1-2 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 Subgroup 1-2 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 Subgroup 1-2 for such Distribution Date.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-1), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-2), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-4)
Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 4 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 4 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 14-P Fraction thereof, with respect to any Class 14-P Mortgage Loan) and (ii) the Group 1 4 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 4 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 4 for such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement
Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 2 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 2 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 12-P Fraction thereof, with respect to any Class 12-P Mortgage Loan) and (ii) the Group 1 2 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 2 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 2 for such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-9), Pooling and Servicing Agreement
Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 Subgroup 1-3 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 Subgroup 1-3 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 1-P Fraction thereof, with respect to any Class 1-P Mortgage Loan) immediately before such Distribution Date and (ii) the Group 1 Subgroup 1-3 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 Subgroup 1-3 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 Subgroup 1-3 for such Distribution Date.
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Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 5 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 5 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 15-P Fraction thereof, with respect to any Class 15-P Mortgage Loan) and (ii) the Group 1 5 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 5 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 5 for such Distribution Date.
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Senior Liquidation Amount. For any Distribution Date, the sum of (A) the aggregate, for each Group 1 Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group 1 Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class 1-P Fraction thereof, with respect to any Class 1-P Mortgage Loan) and (ii) the Group 1 Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Group 1 Senior Prepayment Percentage of any Subsequent Recoveries for Loan Group 1 for such Distribution Date.
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