Class PO Deferred Amount definition

Class PO Deferred Amount. As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

Class PO Deferred Amount. As to any Distribution Date and each Class PO Component, the sum of the amounts by which the Component Balance of such Class PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the Class PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such Class PO Component pursuant to Section 5.02(a)(iii) on prior Distribution Dates.

Class PO Deferred Amount. (a) With respect to the Class I-A-PO Certificates, the Class I-A-PO Deferred Amount; and (b) with respect to the Class II-A-PO Certificates, the Class II-A-PO Deferred Amount.

Examples of Class PO Deferred Amount in a sentence

• For purposes of the preceding sentence, any Class PO Deferred Amount distributed to a Class PO Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated).

• For purposes of the preceding sentence, any Class PO Deferred Amount distributable to a Principal Only Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated).

• The aggregate amount of Realized Losses to be allocated to the Principal Only Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class PO Deferred Amount for such Distribution Date.

• The Class PO Cash Shortfall with respect to any Distribution Date will be added to the Class PO Deferred Amount.

• The aggregate amount of Realized Losses to be allocated to the Class PO Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class PO Deferred Amount for such Distribution Date.

More Definitions of Class PO Deferred Amount

Class PO Deferred Amount. With respect to Loan Group 1, Loan Group 2 and Loan Group 3 and any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, on a Discount Mortgage Loan in that Loan Group to be allocated to the related Class PO Component on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to that Class PO Component and not yet paid to the Holders of the Class PO Certificates.

Class PO Deferred Amount. Not applicable.

Class PO Deferred Amount. As to any Distribution Date and each Class PO Component prior to the applicable Senior Credit Support Depletion Date, the aggregate of the applicable PO Percentage of each Realized Loss on the Mortgage Loans in the Related Loan Group to be allocated to the Class PO Component of the Related Group on such Distribution Date or previously allocated to such Class PO Component and not yet paid with respect to such Class PO Component pursuant to Section 5.02(a)(iv) and any amounts (without duplication) by which the Component Balance of such Class PO Component is reduced as a result of Section 5.03(b).

Class PO Deferred Amount. With respect to each Distribution Date through the Cross-Over Date, the aggregate of all amounts allocable on such Distribution Date to the Class PO Certificates in respect of the principal portion of Realized Losses (other than Excess Losses) and Class PO Cash Shortfall and all amounts previously allocated in respect of such losses and Class PO Cash Shortfall to the Class PO Certificates and not distributed on prior Distributions Dates.

Class PO Deferred Amount. With respect to the Principal Only Certificates and any Distribution Date through the Cross-over Date, the sum of (1) the Class PO Percentage of the principal portion of Non-Excess Losses on a Discount Mortgage Loan allocated to the Principal Only Certificates on such date, and (2) all amounts previously allocated to the Principal Only Certificates in respect of such losses and not distributed to the Principal Only Certificates on prior Distribution Dates.

Class PO Deferred Amount. As to any Distribution Date and the Class 30-PO Certificates, the sum of the amounts by which the Certificate Balance of such Class 30-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the Class PO Recoveries with respect to the Mortgage Loans for prior Distribution Dates and (b) the amounts distributed to such Class 30-PO Certificates pursuant to Section 5.02(a)(iii) on prior Distribution Dates.

Class PO Deferred Amount. As to any Distribution Date and each Class 30-PO Component, the sum of the amounts by which the Component Balance of such Class 30-PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the Class PO Recoveries with respect to the Related Loan Group for prior Distribution Dates (or in the case of the Class 1-30-PO Component, the portion of the Class PO Recoveries with respect to Loan Group 1 allocated to such Component) and (b) the amounts distributed to such Class PO Component pursuant to Section 5.02(a)(iii) on prior Distribution Dates. As to any Distribution Date and the Class 1-CB-PO Certificates, the sum of the amounts by which the Certificate Balance of such Class 1-CB-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the Class PO Recoveries with respect to Loan Group 1 for prior Distribution Dates allocated to the Class 1-CB-PO Certificates and (b) the amounts distributed to such Class 1-CB-PO Certificates pursuant to Section 5.02(a)(iii) on prior Distribution Dates.