PO Percentage definition

PO Percentage. As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.
PO Percentage. As to any Discount Mortgage Loan, 100% minus the Non-PO Percentage for such Mortgage Loan. As to any Mortgage Loan that is not a Discount Mortgage Loan, 0%.
PO Percentage. The PO Percentage with respect to each Mortgage Loan as identified on the Mortgage Loan Schedule, such percentage being equal to the fraction, expressed as a percentage (but not less than 0%), the numerator of which equals the excess of the Remittance Rate over the applicable Net Mortgage Rate and the denominator of which equals the Remittance Rate.

Examples of PO Percentage in a sentence

• In the case of a Discount Loan and any date (i) the Scheduled Principal Balance of such Discount Loan for such date multiplied by (ii) the PO Percentage for such Discount Loan.

• The Trustee shall then with respect to each such Mortgage Loan in each Mortgage Loan Group allocate Realized Losses on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of a Mortgage Loan which suffered a Realized Loss and the Non-PO Percentage of the Scheduled Principal Balance of such Mortgage Loan.

• On any Distribution Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing the aggregate Current Principal Amounts of all Group 2 Senior P&I Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Mortgage Loans (other than the PO Percentage) in the related Mortgage Loan Group immediately preceding such Distribution Date.

• On any Distribution Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing the aggregate Current Principal Amounts of all the Group 4 Senior P&I Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Mortgage Loans (other than the PO Percentage) in the related Mortgage Loan Group immediately preceding such Distribution Date.

• On any Distribution Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing the aggregate Current Principal Amounts of all the Group 5 Senior P&I Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Mortgage Loans (other than the PO Percentage) in the related Mortgage Loan Group immediately preceding such Distribution Date.

More Definitions of PO Percentage

PO Percentage. With respect to Loan Group II and any related Discount Mortgage Loan a fraction, expressed as a percentage, equal to 5.315% per annum minus the Net Mortgage Rate thereof divided by 5.315% per annum.
PO Percentage. Not applicable.
PO Percentage. (a) With respect to Pool I, the Class I-A-PO Percentage, and (b) with respect to Pool II, the Class II-A-PO Percentage.
PO Percentage. (a) With respect to any Discount Mortgage Loan in Pool I, the fraction, expressed as a percentage, equal to the positive excess, if any, of (i) the related Designated Mortgage Pool Rate, over (ii) the Adjusted Net Mortgage Rate, divided by (iii) 5.50%, and (b) with respect to any Non-Discount Mortgage Loan, 0%.
PO Percentage. (i) With respect to any Group I Discount Mortgage Loan, the fraction, expressed as a percentage, equal to [ ]% I the Net Rate thereof divided by [ ]%, and (ii) with respect to any Non-Discount Mortgage Loan, [ ]%.
PO Percentage. With respect to any Discount Mortgage Loan (a) the excess of 6.37% over the related Net Mortgage Rate (b) divided by 6.37%; and with respect to any Non-Discount Mortgage Loan, 0%.
PO Percentage. As to any Discount Mortgage Loan in Loan Group 1, Loan Group 2 or Loan Group 3, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon for such Loan Group over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Mortgage Loan in Loan Group 4 and any Non-Discount Mortgage Loan in Loan Group 1, Loan Group 2 or Loan Group 3, 0%.