Subordinate Component definition

Subordinate Component. With respect to each Loan Group and any Distribution Date, the excess of the sum of the related Pool Balance for such Distribution Date over the aggregate Class Principal Balance of the related Senior Certificate Group immediately preceding such Distribution Date. The designation “1” and “2” appearing after the corresponding Loan Group designation is used to indicate a Subordinate Component allocable to Loan Group 1 and Loan Group 2, respectively.

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Subordinate Component. With respect to each Loan Group and any Distribution Date, the excess of the related Loan Group Balance for such Distribution Date over the aggregate Class Certificate Principal Balance of the related Senior Certificate Group immediately preceding such Distribution Date. The designation “1,” “2,” “3” or “4” appearing after the corresponding Loan Group designation is used to indicate a Subordinate Component allocable to Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4, respectively.

Subordinate Component. With respect to each Loan Group and any Distribution Date, the positive excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group, over the aggregate Certificate Principal Balance of the related Class A Certificates, in each case immediately prior to that Distribution Date.

Examples of Subordinate Component in a sentence

For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
For this purpose, the portion of the interest accrued on any Class of Subordinate Certificates allocable to any Loan Group shall be equal to the product of (i) the total amount of interest accrued on such Class for the Accrual Period multiplied by (ii) the quotient of (a) the Subordinate Component for such Loan Group and such Distribution Date divided by (b) the sum of the Subordinate Components for all such Loan Groups for such Distribution Date.
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 or Loan Group 6 such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
If (and to the extent that) the limitation in paragraph (c) prevents the distribution of principal to the R-2-A and R-2-B Interests of a Variable Loan Group, and if the Variable Loan Group's corresponding R-2-E Interest has already been reduced to zero, then the excess principal from that Variable Loan Group will be paid to the R-2-E Interest of the other Variable Loan Group, the aggregate R-2-A and R-2-B Interests of which are less than one percent of the Subordinate Component Balance.
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III or Loan Group IV such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.

More Definitions of Subordinate Component

Subordinate Component. With respect to each Loan Group and any Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group, as of the first day of the related Due Period, minus the aggregate Certificate Principal Balance of the related Senior Certificates immediately prior to that Distribution Date.

Subordinate Component. With respect to each Loan Group and any Distribution Date, the excess of the sum of the related Pool Collateral Balance for such Distribution Date over the aggregate Class Principal Balance and Component Principal Balance of the related Senior Certificate Group and Principal-Only Component immediately preceding such Distribution Date.

Subordinate Component. With respect to any Distribution Date and any Loan Group, the excess, if any, of (i) the aggregate of the Stated Principal Balances of the Mortgage Loans in the Loan Group as of the Due Date of the month preceding such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Distribution Date over (ii) the aggregate of the Certificate Principal Balances of the Senior Certificates related to such Loan Group immediately prior to such Distribution Date.

Subordinate Component. With respect to each Loan Group and any Payment Date, the positive excess, if any, of the aggregate Pool Balance in that Loan Group, over the aggregate Note Balance of the related Class A Notes, in each case immediately prior to that Payment Date.

Subordinate Component. With respect to each Loan Group and any Distribution Date, the excess of the related Non-PO Loan Group Balance for such Distribution Date over the aggregate Class Certificate Principal Balance of the related Senior Certificate Group (other than the related PO Component) immediately preceding such Distribution Date. The designation “1” and “2” appearing after the corresponding Loan Group designation is used to indicate a Subordinate Component allocable to Loan Group 1 and Loan Group 2, respectively.

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

Subordinate Component means with respect to each Loan Group and any Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group for that Distribution Date (without giving effect to any principal collections on such Mortgage Loans received or advanced and to the distributed on such Distribution Date) minus the aggregate Class Certificate Balance of the related Senior Certificates immediately prior to that Distribution Date.