Subordinate Amount definition

Subordinate Amount. The excess of the aggregate Scheduled Principal Balance of the Loans over the Senior Certificate Principal Balance.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Subordinate Amount. With respect to (i) Loan Group I, the Group I Subordinate Amount, (ii) Loan Group II, the Group II Subordinate Amount and (iii) Loan Group III, the Group III Subordinate Amount.

Subordinate Amount. With respect to any Distribution Date, the excess of the Non-AP Pool Balance for the immediately preceding Distribution Date over the sum of the aggregate of the Certificate Principal Amounts of the Non-AP Senior Certificates immediately prior to the related Distribution Date.

Examples of 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.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 7.750% for Loan Group I and 7.000% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 5.000% for Loan Group I and 5.500% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 6.750% for Loan Group I and 6.500% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 6.000% for Loan Group I and 5.750% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.

More Definitions of Subordinate Amount

Subordinate Amount means the Group I Subordinate Amount or the Group II Subordinate Amount, as the context requires.

Subordinate Amount. For any Distribution Date; the excess of (a) the Pool Principal Balance of the Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates immediately prior to that Distribution Date.

Subordinate Amount. The Group I Subordinate Amount, the Group II Subordinate Amount or the Group III Subordinate Amount, as applicable.

Subordinate Amount. For the Group I Loans and Group II Loans on any date of determination, the excess of the aggregate Scheduled Principal Balance of the related Loans as of such date over the sum of (x) the Aggregate Certificate Principal Balance of the Group I Senior Certificates and Group II Senior Certificates, as applicable, other than the related Principal Only Certificates then outstanding.

Subordinate Amount. With respect to any Distribution Date, the excess of the Pool Balance for the immediately preceding Distribution Date over the aggregate of the Class Principal Amounts of each Class of Senior Certificates immediately prior to that Distribution Date. Subordinate Certificate: Any Class B Certificate.

Subordinate Amount. For any Distribution Date will equal the excess of (i) the Scheduled Principal Balance of the Mortgage Loans (exclusive of the Class PO Percentage of the Scheduled Principal Balance of the Class PO Mortgage Loans), over (ii) the sum of the Certificate Principal Balances of the Class A Certificates.

Subordinate Amount. With respect to any date of determination, an amount equal to the excess of the aggregate Scheduled Principal Balance of the Loans plus any Pre-Funding Amounts (exclusive of the Discount Fraction of the Scheduled Principal Balance of each Discount Loan) over the aggregate Certificate Principal Balance of the Senior Certificates (other than the Interest Only Certificates and Class PO Certificates) then outstanding. Subordinate Certificates: The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8, Class B-9, Class B-10, Class B-11 and Class B-12 Certificates.