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:

Senior Reduction Amount means an amount determined with respect to each Payment Date as set forth below.

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,

Senior Reduction Amount means, with respect to any Premium Payment Date on and after the Rate Recalculation Date, either:

Senior Reduction Amount means, with respect to any Payment Date and each Reference Pool, either:

Senior Reduction Amount means with respect to any Payment Date and Loan Group is

Senior Reduction Amount means, with respect to any Premium Payment Date on and after the