Group Subordinate Amount definition
Examples of Group Subordinate Amount in a sentence
For purposes of calculating the reduction in the amount referred to in clause (i) of the definition of Accrued Certificate Interest for each Class of Subordinate Certificates in respect of any Loan Group, such reduction shall be based upon the amount of interest accruing at the Required Coupon for such Loan Group, on such Class’ proportionate share, based on Class Principal Balance, of the related Group Subordinate Amount for that Distribution Date.
Kalecki (1943) illustrates, in an analysis of the political import of Keynesianism, that if governments commit themselves to policies of full employment it then means a significant weakening of the normal capitalist disciplines of bankruptcy and unemployment and a huge increase in the bargaining power of organised labour, particularly with regard to wages.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 7.750% for Loan Group I and 7.000% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
For each Distribution Date, interest will accrue at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of (i) 6.00% per annum for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 and (ii) 5.25% per annum for Loan Group 8.
Interest will accrue on these Certificates as of any Distribution Date at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of the Net WAC for each of the Group 1 Mortgage Loans, Group 2 Mortgage Loans and Group 3 Mortgage Loans.