Special Primary Insurance Premium definition

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: September 2005 through August 2010 0% September 2010 through August 2011 30% September 2011 through August 2012 40% September 2012 through August 2013 60% September 2013 through August 2014 80% September 2014 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. Step Down Percentage: For any Distribution Date, the percentage indicated below:

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 ------------------------------ -------------------- June 2004 through May 2009 0% June 2009 through May 2010 30% June 2010 through May 2011 40% June 2011 through May 2012 60% June 2012 through May 2013 80% June 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; or (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. 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: 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 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.