Pool 2 Subordinate Amount definition
Pool 2 Subordinate Amount. For any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Pool 2 Mortgage Loans over the Class Principal Amount of the Class A-2 Certificates immediately before such Distribution Date.
Pool 2 Subordinate Amount. As to any Distribution Date, the excess of (a) the Stated Principal Balance of the Pool 2 Mortgage Loans (less the applicable Class PO Fraction of any Class PO Mortgage Component in Subgroup 2-1) 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 2A Certificates (other than the Class A-P Certificates) immediately before such Distribution Date.
Pool 2 Subordinate Amount. For any Distribution Date, the excess of (a) the Aggregate Stated Principal Balance of the Pool 2 Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs over (b) the aggregate Class Principal Amounts of the Class A-2 Certificates immediately before such Distribution Date.
Examples of Pool 2 Subordinate Amount in a sentence
Collateral Pool 2 Subordinate Test % = Pool 2 Subordinate Amount / Collateral Pool 2 collateral balance.
More Definitions of Pool 2 Subordinate Amount
Pool 2 Subordinate Amount. As of any Distribution Date, the excess of the Stated Principal Balances of the Group 2 Mortgage Loans, and with respect to the first Distribution Date, any amounts in the Pre-Funding Account, as of the first day of the month preceding the month of that Distribution Date over the sum of the Class Principal Amounts of the Group 2 Certificates immediately before such Distribution Date.