Subordinate Component Balance. For any of Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V, as of any date of determination, the then outstanding aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group minus the sum of the then outstanding aggregate Class Principal Balance of the related Classes of Class A Certificates.
Subordinate Component Balance. With respect to Loan Group 1 for any date of determination, the then outstanding aggregate Principal Balance of the Group 1 Loans minus the then outstanding aggregate Class Principal Balance of the Group 1-A and Residual Certificates. With respect to Loan Group 2 for any date of determination, the then outstanding aggregate Principal Balance of the Group 2 Loans minus the then outstanding aggregate Class Principal Balance of the Group 2-A 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 Class I-A and Residual Certificates. With respect to Loan Group II for any date of determination, the then outstanding aggregate Principal Balance of the Group II Loans (less the applicable Class II-P Fraction thereof with respect to any Class II-P Mortgage Loan) minus the then outstanding Class Principal Balance of the Class II-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 Principal Balance of the Class III-A Certificates.
Examples of Subordinate Component Balance in a sentence
The "Subordinate Component Balance" for each Group is the aggregate principal balance of the mortgage loans in that pool minus the Certificate Balance of the Class A Certificates of that Group.
Subordinate Component Balance: With respect to Subgroup 2-A2 for any date of determination, the excess, if any, of the then outstanding aggregate Principal Balance of the Subgroup 2-A2 Loans over the then outstanding aggregate Class Principal Balance and Component Principal Balance of the Subgroup 2-A2 Certificates.
No. 14-09)(d) These requirements shall become effective upon the date of adoption of detailed neighborhood plans and upon the date of depicting these overlay zoning districts on the Official Zoning Map.(31)-(39)Reserved.
The "Subordinate Component Balance" for each Group is the aggregate principal balance of the mortgage loans in that Group minus the Certificate Balance of the Class A Certificates of that Group.
Unless a Cross-over Situation exists, Principal Reductions arising with respect to each Loan Group shall be allocated first to cause the IT1 and IT2 Interests corresponding to such Loan Group to equal 0.9% and 0.1% of the Subordinate Component Balance of such Loan Group and all excess Principal Reductions shall be allocated to the IT3 Interest corresponding to such Loan Group.
More Definitions of Subordinate Component Balance
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 II for any date of determination, the then outstanding aggregate Principal Balance of the Group II Loans (less the applicable Class II-P Fraction thereof with respect to any Class II-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group II-A and Residual Certificates.
Subordinate Component Balance. With respect to any Distribution Date and for each of Loan Group 2 and Loan Group 3, the excess of the principal balance of such Loan Group as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) over the Certificate Principal Balance of the Class 1-AV-1 Certificates in the case of Loan Group 2, and the Class 2-AV Certificates in the case of Loan Group 3.
Subordinate Component Balance. For any of Loan Group 1 and Loan Group 2 for any date of determination, the product of (i) the aggregate Class Principal Balance of the Class B Certificates and (ii) a fraction, (a) the numerator of which is equal to the excess, if any, of (x) the aggregate Principal Balance of the Mortgage Loans in that Loan Group over (y) the sum of the Class Principal Balances (or Component Principal Balances, if applicable) of the Class A and Class X Certificates (or Components thereof, if applicable) related to such Loan Group (and, in the case of Loan Group 1, the Class R Certificates) and (b) the denominator of which is equal to the sum of the amounts described in clause (a) calculated for each Loan Group. Subordinate Percentage: The Group 1 Subordinate Percentage or Group 2 Subordinate Percentage, as applicable.
Subordinate Component Balance. For any Distribution Date and for each Loan Group, the excess of: the principal balance of such Loan Group as of the first day of the related Due Period over the Certificate Balance of the Senior Certificates related to such Loan Group on such Distribution Date (prior to all distributions to be made on such Distribution Date)(each adjusted as necessary to an effective rate reflecting the accrual of interest on a 30/360 basis).
Subordinate Component Balance. With respect to Loan Group 1 for any date of determination, the then outstanding aggregate Principal Balance of the Group 1 Loans (less the applicable Class 1-P Fraction thereof with respect to any Class 1-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group 1-A and Residual Certificates. With respect to Loan Group 2 for any date of determination, the then outstanding aggregate Principal Balance of the Group 2 Loans (less the applicable Class 2-P Fraction thereof with respect to any Class 2-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group 2-A Certificates. With respect to Loan Group 3 for any date of determination, the then outstanding aggregate Principal Balance of the Group 3 Loans (less the applicable Class 3-P Fraction thereof with respect to any Class 3-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group 3-A Certificates. With respect to Loan Group 4 for any date of determination, the then outstanding aggregate Principal Balance of the Group 4 Loans (less the applicable Class 4-P Fraction thereof with respect to any Class 4- P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group 4- A Certificates.
Subordinate Component Balance. With respect to Subgroup 1 for any date of determination, the then outstanding aggregate Principal Balance of the Subgroup 1 Loans (less the applicable Class P Fraction thereof with respect to any Class P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Subgroup 1 and Residual Certificates. With respect to Subgroup 2 for any date of determination, the then outstanding aggregate Principal Balance of the Subgroup 2 Loans minus the then outstanding aggregate Class Principal Balance of the Subgroup 2 Certificates. With respect to Subgroup 3 for any date of determination, the then outstanding aggregate Principal Balance of the Subgroup 3 Loans minus the then outstanding aggregate Class Principal Balance of the Subgroup 3 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 and Residual Certificates. With respect to Loan Group II for any date of determination, the then outstanding aggregate Principal Balance of the Group II Loans (less the applicable Class II-P Fraction thereof with respect to any Class II-P Mortgage Loan) minus the then outstanding Class II-A-1 Principal Balance. 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 aggregate Class Principal Balance of the Group III-A Certificates. With respect to Loan Group IV for any date of determination, the then outstanding aggregate Principal Balance of the Group IV Loans (less the applicable Class IV-P Fraction thereof with respect to any Class IV-P Mortgage Loan) minus the then outstanding aggregate Class Principal Balance of the Group IV-A Certificates. With respect to Loan Group V for any date of determination, the then outstanding aggregate Principal Balance of the Group V Loans (less the applicable Class V-P Fraction thereof with respect to any Class V-P Mortgage Loan) minus the then outstanding Class V-A-1 Principal Balance.