Subordinate Liquidation Amount definition

Subordinate Liquidation Amount. For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.
Subordinate Liquidation Amount. For any Distribution Date and Collateral Group, the Applicable Fraction of the related Liquidation Principal in respect of each Mortgage Loan contributing to such Collateral Group which became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, minus the related Senior Liquidation Amount for such Distribution Date.
Subordinate Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate of Liquidation Principal for all Mortgage Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date, over the Senior Liquidation Amount for such Distribution Date. Subordinate Percentage: For any Distribution Date, the excess of 100% over the Senior Percentage for such date. Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class A and Residual Certificates has been reduced to zero, then the Subordinate Prepayment Percentage shall equal 100%.

More Definitions of Subordinate Liquidation Amount

Subordinate Liquidation Amount. For any Distribution Date and any of Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V, the excess, if any, of the aggregate Liquidation Principal of all Mortgage Loans in that Loan Group which became Liquidated Mortgage Loans during the calendar month preceding the Distribution Date over the Group I Senior Liquidation Amount, Group II Senior Liquidation Amount, Group III Senior Liquidation Amount, Group IV Senior Liquidation Amount or Group V Senior Liquidation Amount, as applicable, for such Distribution Date.
Subordinate Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate of Liquidation Principal for all Mortgage Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date, over the Senior Liquidation Amount for such Distribution Date. Subordinate Percentage: For any Distribution Date, the excess of 100% over the Senior Percentage for such date.
Subordinate Liquidation Amount. For each Loan Group, the excess, if any, of the aggregate of Liquidation Principal for all Loans which became Liquidated Loans during the Prepayment Period, over the related Senior Liquidation Amount for such Distribution Date.
Subordinate Liquidation Amount. The excess, if any, of the aggregate of Liquidation Principal for all Mortgage Loans which became Liquidated Mortgage Loans during the Prior Period over the Senior Liquidation Amount for such Distribution Date.
Subordinate Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate of Liquidation Principal for all Mortgage Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4, over the sum of the Group 1 Senior Liquidation Amount, the Group 2 Senior Liquidation Amount, the Group 3 Senior Liquidation Amount and the Group 4 Senior Liquidation Amount for such Distribution Date. Subordinate Percentage: The Group 1 Subordinate Percentage, Group 2 Subordinate Percentage, Group 3 Subordinate Percentage or Group 4 Subordinate Percentage, as applicable.
Subordinate Liquidation Amount. For any Distribution Date, the excess, if any, of the aggregate of Liquidation Principal for all Mortgage Loans which became Liquidated Mortgage Loans during the Prior Period, over the Senior Liquidation Amount for such Distribution Date. Subordinate Percentage: For any Distribution Date, the excess of 100% over the Senior Percentage for such date. Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class A and Residual Certificates has been reduced to zero, then the Subordinate Prepayment Percentage shall equal 100%.