Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.
Subordinate Class Percentage. As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate Class Principal Amount of all Classes of Subordinate Certificates on such date.
Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Subordinate Certificates immediately prior to such Distribution Date. Subordinate Component Percentage: Not applicable.
Examples of Subordinate Class Percentage in a sentence
Subordinate Class Percentage: As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date.
Initial Subordinate Class Percentage: As defined in the Series Supplement.
More Definitions of Subordinate Class Percentage
Subordinate Class Percentage. For each Class of Subordinate Certificates and each Distribution Date, the percentage obtained by dividing the Class Principal Balance of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Balance of all related Subordinate Certificates immediately prior to such date.
Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date. Subordinate Percentage: As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.
Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates (exclusive of the Class B1X, Class B2X, Class B3X, Class B4X, Class B5X, Class B7X, Class B10X and Class B11X Certificates), the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Subordinate Certificates immediately prior to such Distribution Date. Subordinate Component Percentage: Not applicable.
Subordinate Class Percentage. With respect to any Distribution Date and any Class of Group 1 Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Group 1 Subordinate Certificates immediately prior to such Distribution Date. With respect to any Distribution Date and any Class of Group 2 Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Group 2 Subordinate Certificates immediately prior to such Distribution Date.
Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates and each Component of the Class B3 Certificates, the percentage obtained by dividing the Class Principal Amount of such Class (or the Component Principal Amount of such Component) immediately prior to such Distribution Date by the aggregate Certificate Principal Amount or Component Principal Amount of all Subordinate Certificates or Components of the related Mortgage Pool immediately prior to such Distribution Date.
Subordinate Class Percentage. As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date; provided that for purposes of calculating the numerator and the denominator above, the Class Principal Amount of the Class of Subordinate Certificates with the lowest payment priority shall be reduced by the aggregate of the Unpaid Principal Balances of any Stop Advance Mortgage Loans for such Distribution Date.
Subordinate Class Percentage means, with respect to any Payment Date and any Class of Subordinate Certificates, the percentage equivalent of a fraction, the numerator of which is the aggregate Certificate Principal Amount of such Class on such Payment Date (prior to any distributions or allocations on such Payment Date) and the denominator of which is the aggregate Certificate Principal Amount of all Classes of Subordinate Certificates on such Payment Date (prior to any distributions or allocations on such Payment Date).