Pool Subordinate Amount definition

Pool Subordinate Amount. As to each Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over (i) the Class Principal Amount of the Group 1 Senior Certificates (in the case of Pool 1) or (ii) the aggregate Class Principal Amounts of the Group 2 Senior Certificates (in the case of Pool 2) immediately prior to the related Distribution Date.

Pool Subordinate Amount. Any of the Pool 1, Pool 2, Pool 3 or Pool 4 Subordinate Amounts.

Pool Subordinate Amount. Either of the Pool 1 Subordinate Amount or the Pool 2 Subordinate Amount.

Examples of Pool Subordinate Amount in a sentence

• Each Class B Interest shall have a principal balance initially equal to 0.1% of the Pool Subordinate Amount of its corresponding Mortgage Pool.

• The Amazon Rainforest covers several South American Countries, and the situation regarding mining can differ between those countries.

• Pool 2 Subordinate Percentage: Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 2 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1 and Pool 2.

• Classes B1, B2, B3, B4, B5 and B6 will accrue interest at a rate equal to the weighted average of the Net WAC of each Mortgage Pool weighted on the basis of the Pool Subordinate Amount for each pool.

• Author represents and warrants that all provided information is accurate, current, valid, complete and true.

More Definitions of Pool Subordinate Amount

Pool Subordinate Amount. As to either Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the Class Principal Amount of the Class A1 Certificates (in the case of Pool 1) or the Class Principal Amount of the Class A2 Certificates (in the case of Pool 2) immediately prior to the related Distribution Date.

Pool Subordinate Amount. With respect to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for the immediately preceding Distribution Date (or on the Cut-off Date in the case of the first Distribution Date) over the aggregate Class Principal Amount of the related Senior Certificates immediately prior to the related Distribution Date.

Pool Subordinate Amount. Any of the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount, the Pool 3 Subordinate Amount, the Pool 4 Subordinate Amount or the Pool 5 Subordinate Amount.

Pool Subordinate Amount. With respect to each Mortgage Pool and any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Mortgage Loans in such Mortgage Pool over the sum of the Class Principal Amounts of the Pool 1 Certificates or the Pool 2 Certificates, as applicable, immediately before such Distribution Date.

Pool Subordinate Amount the Pool 1 Subordinate Amount or the Pool 2 Subordinate Amount, as the context requires.

Pool Subordinate Amount. As to any Payment Date and a Group of Mortgage Loans, the excess of the Pool Balance for such Group for the immediately preceding Payment Date over the aggregate Class Note Balance of the Class A-1 Notes (in the case of the Group I Mortgage Loans) or the aggregate Class Note Balance of the Class A-2 Notes (in the case of Group II Mortgage Loans), in each case immediately prior to the related Payment Date.

Pool Subordinate Amount. With respect to either Pool 1 or Pool 2 and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for the immediately preceding Distribution Date (or on the Cut-off Date in the case of the first Distribution Date) over the aggregate Class Principal Amount of the Group 1 Senior Certificates (in the case of Pool 1) or the aggregate Class Principal Amount of the Group 2 Senior Certificates (in the case of Pool 2) immediately prior to the related Distribution Date; provided, that such amount shall never be less than zero.