Examples of Class P Fraction in a sentence
The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
As to any Distribution Date, is the percentage equivalent of a fraction, the numerator of which is the aggregate Class Principal Amount of the Group 3B Certificates immediately prior to that date, and the denominator of which is the Pool Balance relating to Pool 4, Pool 5 and Pool 6 in the aggregate (other than the applicable Class P Fraction of the Class P Mortgage Components and Class P Mortgage Loans) for such Distribution Date.
As to any Distribution Date, is the percentage equivalent of a fraction, the numerator of which is the aggregate Class Principal Amount of the Group 1B Certificates immediately prior to such Distribution Date, and the denominator of which is the Pool Balance relating to Pool 1 for such Distribution Date (other than the applicable Class P Fraction of the Class P Mortgage Components).
The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans 87 will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
The applicable Class P Fraction of any principal portion of Realized Losses attributable to a Class P Mortgage Loan shall be allocated to the related Class P-M Regular Interest in reduction of the principal balance thereof.