Pool 3 Subordinate Amount definition
Pool 3 Subordinate Amount. For any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Pool 3 Mortgage Loans 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 3 Certificates immediately before such Distribution Date.
Pool 3 Subordinate Amount. As to any Distribution Date, is equal to the excess of the Stated Principal Balance of the Pool 3 Mortgage Loans (less the applicable Class P Fraction of any Class P Mortgage Loan in that Pool) as of the first day of the month preceding the month in which such Distribution Date occurs over the Class Principal Amount of the Class 3-A-1 Certificates immediately before such Distribution Date.
Pool 3 Subordinate Amount. For any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Pool 3 Mortgage Loans over the aggregate of the Class Principal Amount of the Class A-3 Certificates immediately before such Distribution Date.
Examples of Pool 3 Subordinate Amount in a sentence
Collateral Pool 3 Subordinate Test % = Pool 3 Subordinate Amount / Collateral Pool 3 collateral balance.