Senior Reduction Amount definition

Senior Reduction Amount. With respect to any Payment Date is either:
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Senior Reduction Amount means, with respect to any Premium Payment Date, either:
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Senior Reduction Amount means an amount determined with respect to each Payment Date as set forth below.
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Examples of Senior Reduction Amount in a sentence

  • On each Payment Date on or prior to the Group 1 Termination Date or Group 2 Termination Date, as applicable, ▇▇▇▇▇▇ Mae will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the related Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03(b) and (c) above.

  • On each Payment Date on or prior to the Group 1 Termination Date or Group 2 Termination Date, as applicable, ▇▇▇▇▇▇ ▇▇▇ will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the related Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03(b) and (c) above.

  • On each Payment Date on or prior to the Termination Date, ▇▇▇▇▇▇ ▇▇▇ will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03(b) and (c) above.

  • On each Payment Date prior to the Maturity Date and the Early Redemption Date, Freddie Mac will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03 (d) and (e) above.


More Definitions of Senior Reduction Amount

Senior Reduction Amount means, with respect to any Payment Date and Loan Group,
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Senior Reduction Amount means, with respect to any Premium Payment Date on and after the Rate Recalculation Date, either:
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Senior Reduction Amount means, with respect to any Payment Date and each Reference Pool, either:
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Senior Reduction Amount means with respect to any Payment Date and Loan Group is
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Senior Reduction Amount means, with respect to any Premium Payment Date on and after the
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Related to Senior Reduction Amount

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.