Initial Subordinate Class Percentage. As defined in the Series Supplement.
Initial Subordinate Class Percentage. With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 1.50% Class B-1: 0.15% Class M-2: 0.40% Class B-2: 0.10% Class M-3: 0.30% Class B-3: 0.15%
Initial Subordinate Class Percentage. With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 0.55% Class B-1: 0.10% Class M-2: 0.15% Class B-2: 0.05% Class M-3: 0.20% Class B-3: 0.10% Insurance Proceeds: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Insurance Policy or any other related insurance policy covering a Mortgage Loan, to the extent such proceeds are payable to the mortgagee under the Mortgage, any Subservicer, the Servicer or the Trustee and are not applied to the restoration of the related Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) or released to the Mortgagor in accordance with the procedures that the Servicer would follow in servicing mortgage loans held for its own account.
Examples of Initial Subordinate Class Percentage in a sentence
Initial Subordinate Class Percentage: As defined in the Series Supplement.
More Definitions of Initial Subordinate Class Percentage
Initial Subordinate Class Percentage. With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows:
Initial Subordinate Class Percentage. With respect to each Class of related Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such related Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans in the related Loan Group as of the Cut-off Date as follows: Class I-M-1: 2.25% Class I-B-1: 0.50% Class I-M-2: 0.90% Class I-B-2: 0.30% Class I-M-3: 0.50% Class I-B-3: 0.45% Class II-M-1: 2.40% Class II-B-1: 0.15% Class II-M-2: 0.20% Class II-B-2: 0.10% Class II-M-3: 0.30% Class II-B-3: 0.15%
Initial Subordinate Class Percentage. With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 3.60% Class B-1: 0.50% Class M-2: 1.05% Class B-2: 0.40% Class M-3: 0.80% Class B-3: 0.40% Interest Accrual Period: With respect to any Class of Certificates (other than the Adjustable Rate Certificates) and any Distribution Date, the calendar month preceding the month in which such Distribution Date occurs. With respect to the Adjustable Rate Certificates and any Distribution Date, the period beginning on the 25th day of the month preceding the month in which such Distribution Date occurs and ending on the 24th day of the month in which such Distribution Date occurs.
Initial Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates as of the Closing Date and the denominator of which is the related Cut-off Date Balance.
Initial Subordinate Class Percentage. Not applicable.
Initial Subordinate Class Percentage. With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of the such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 3.75% Class B-1: 0.65% Class M-2: 1.30% Class B-2: 0.30% Class M-3: 1.10% Class B-3: 0.40%
Initial Subordinate Class Percentage. Initial Subordinate Class Percentage: With respect to each Class of Subordinate Certificates, an amount which is equal to the initial aggregate Certificate Principal Balance of such Class of Subordinate Certificates divided by the aggregate Stated Principal Balance of all the Mortgage Loans as of the Cut-off Date as follows: Class M-1: 1.80% Class B-1: 0.35% Class M-2: 0.85% Class B-2: 0.25% Class M-3: 0.50% Class B-3: 0.25% Insurance Proceeds: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Insurance Policy or any other related insurance policy covering a Mortgage Loan, to the extent such proceeds are payable to the mortgagee under the Mortgage, any Subservicer, the Servicer or the Trustee and are not applied to the restoration of the related Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) or released to the Mortgagor in accordance with the procedures that the Servicer would follow in servicing mortgage loans held for its own account.