Pool 1 Subordinate Amount definition
Pool 1 Subordinate Amount. For any Distribution Date, the excess of (a) the Aggregate Stated Principal Balance of the Pool 1 Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs over (b) the sum of the Class Principal Amounts of the Class A-1 and Class A-R Certificates immediately before such Distribution Date.
Pool 1 Subordinate Amount. As to any Distribution Date, the excess of (a) the Stated Principal Balance of the Pool 1 Mortgage Loans (less the applicable Class PO Fraction of any Class PO Mortgage Component in Subgroup 1-1) as of the first day of the month preceding the month in which such Distribution Date occurs over (b) the Class Principal Amount of the Group 1A Certificates (other than the Class A-P Certificates) immediately before such Distribution Date.
Pool 1 Subordinate Amount. For any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Pool 1 Mortgage Loans over the aggregate of the Class Principal Amounts of the Class A-1 and Class A-R Certificates immediately before such Distribution Date. 127551 Sequoia 2004-12 Pooling and Servicing Agmt.
Examples of Pool 1 Subordinate Amount in a sentence
Terms of the Offering - Distribution of Principal: -------------------------------------------------- Shifting Interest Structure with 5 year lockout* Collateral Pool 1 Subordinate Test % = Pool 1 Subordinate Amount / Collateral Pool 1 collateral balance.
Terms of the Offering - Distribution of Principal: Shifting Interest Structure with 5 year lockout* Collateral Pool 1 Subordinate Test % = Pool 1 Subordinate Amount / Collateral Pool 1 collateral balance.