Class PO Shortfall Amount definition

Class PO Shortfall Amount. With respect to any Distribution Date and Subgroup 1-1 or Subgroup 2-1, the sum of (i) principal in an amount equal to the applicable Class PO Fraction of any Realized Loss on a Class PO Mortgage Component in the related Mortgage Group incurred in the previous calendar month (other than an Excess Loss) and (ii) the sum of the amounts, if any, by which the amount described in subclause (i) on each prior Distribution Date exceeded the amount actually distributed with respect to the related Class PO Shortfall Amount on those prior Distribution Dates and not subsequently distributed.
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Class PO Shortfall Amount. With respect to any Distribution Date prior to and including the Credit Support Depletion Date, to the extent of amounts available to pay the Subordinated Optimal Principal Amount (without regard to clause (2) of the definition of such term), an amount equal to the sum of (i) the applicable PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan and (ii) the sum of amounts, if any, by which the amounts specified in clause (i) with respect to each prior Distribution Date exceeded the amount actually distributed in respect thereof on such prior Distribution Date and not subsequently distributed to the Class PO Certificateholders.
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Class PO Shortfall Amount. The sum of amounts, if any, by which the PO Percentage of the principal portion of any Realized Loss with respect to a Discount Mortgage Loan with respect to each prior Distribution Date exceeded the amount actually distributed in respect thereof on such prior Distribution Date and not subsequently distributed to the Class PO Certificateholders.
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Examples of Class PO Shortfall Amount in a sentence

  • To the extent funds are available on that Distribution Date or any future Distribution Date pursuant to Section 5.02(a)(iii), the related Class PO Shortfall Amount will be paid to the Class A-P Certificates, prior to distributions on Subordinate Certificates.

  • To the extent funds are available on that Distribution Date or any future Distribution Date pursuant to Section 5.02(a)(iv), the related Class PO Shortfall Amount will be paid to the Class A-P Certificates, prior to distributions on Subordinate Certificates.

  • To the extent funds are available on that Distribution Date or any future Distribution Date pursuant to Section 5.02(a)(ii), the related Class PO Shortfall Amount will be paid to the Class A-P Certificates, prior to distributions on Subordinate Certificates.