Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: Distribution Date Occurring In Step Down Percentage February 2006 through January 2011 0% February 2011 through January 2012 30% February 2012 through January 2013 40% February 2013 through January 2014 60% February 2014 through January 2015 80% February 2015 and after 100%
More Definitions of Special Primary Insurance Premium
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Subordinate Certificates: The Class B Certificates.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: Distribution Date Occurring In Step Down Percentage ------------------------------ -------------------- July 2004 through June 2009 0% July 2009 through June 2010 30% July 2010 through June 2011 40% July 2011 through June 2012 60% July 2012 through June 2013 80% July 2013 and thereafter 100% Stripped Interest Rate: For each Mortgage Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 6.000% per annum. Subgroup: Subgroup 1, Subgroup 2 or Subgroup 3, as applicable.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended form time to time. Subordinate Amount: For any date of determination, (A) for the Group I Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group I Loans reduced by the aggregate Class Principal Balance of the Class I-A and Residual Certificates; (B) for the Group II Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group II Loans reduced by the aggregate Class Principal Balance of the Group II-A Certificates; (C) for the Group III Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group III Loans reduced by the Class III-A Principal Balance; (D) for the Group IV Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group IV Loans reduced by the Class IV-A Principal Balance; (E) for the Group V Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group V Loans reduced by the Class V-A Principal Balance; (F) for the Group VI Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group VI Loans reduced by the Class VI-A Principal Balance or (G) for the Group VII Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group VII Loans reduced by the Class VII-A Principal Balance. Subordinate Certificates: The Group B Certificates.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Special Retail Certificates: The Class 1-A-6 Certificates. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: Distribution Date Occurring In Step Down Percentage April 2005 through March 2010 0% April 2010 through March 2011 30% April 2011 through March 2012 40% April 2012 through March 2013 60% April 2013 through March 2014 80% April 2014 and after 100%
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended form time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: Distribution Date Occurring In Step Down Percentage June 2002 through May 2008 0% June 2008 through May 2009 30% June 2009 through May 2010 40% June 2010 through May 2011 60% June 2011 through May 2012 80% June 2012 and thereafter 100% Stripped Interest Rate: For each Group I Loan and Group III Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 5.500% per annum. For each Group II Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 5.000% per annum. Subordinate Certificates: The Group C-B and Group II-B Certificates. Subordinate Component Balance: With respect to Loan Group I for any date of determination, the then outstanding aggregate Principal Balance of the Group I Loans (less the applicable Class I-P Fraction thereof with respect to any Class I-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group I-A Certificates. With respect to Loan Group III for any date of determination, the then outstanding aggregate Principal Balance of the Group III Loans (less the applicable Class III-P Fraction thereof with respect to any Class III-P Mortgage Loan) minus the then outstanding Class III-A Principal Balance. Subordinate Percentage: The Group I Subordinate Percentage, Group II Subordinate Percentage or Group III Subordinate Percentage, as applicable. Subordination Level: On any specified date, with respect to any Class of Group C-B-L Regular Interests, the percentage obtained by dividing the aggregate Class Principal Balance of the Classes of Group C-B-L Regular Interests which are subordinate in right of payment to such Class by the aggregate Class Principal Balance of the Group I-L, Group III-L, Class C-P-L and Group C-B-L Regular Interests and the Class R-1 Residual Interest as of such date prior to giving effect to distributions of principal and interest and allocations of Realized Losses on the Mortgage Loans on such date, and with respect to any Class of Group II-X-X Regular Interests, the percentage obtained by dividing the aggregate Class Principal Balance of the Classes of Group II-X-X Regular Interests which are subordinate in right of payment to such ...
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended from time to time. Subordinate Certificates: The Group I-B and Group II-B Certificates. Subordination Level: On any specified date, with respect to any Class of Group I-B-L Regular Interests, the percentage obtained by dividing the aggregate Class Principal Balance of the Classes of Group I-B-L Regular Interests which are subordinate in right of payment to such Class by the aggregate Class Principal Balance of the Group I-L Regular Interests and the Class R-1 Residual Interest as of such date prior to giving effect to distributions of principal and interest and allocations of Realized Losses on the Mortgage Loans on such date. On any specified date, with respect to any Class of Group II-X-X Regular Interests, the percentage obtained by dividing the aggregate Class Principal Balance of the Classes of Group II-X-X Regular Interests which are subordinate in right of payment to such Class by the aggregate Class Principal Balance of the Group II-L Regular Interests as of such date prior to giving effect to distributions of principal and interest and allocations of Realized Losses on the Mortgage Loans on such date.