Subordinate Principal Amount. For each Loan Group on any Distribution Date, will be equal to the sum of:
Subordinate Principal Amount. With respect to any Distribution Date and the Group I Loans and Group II Loans, an amount equal to the sum of the following for that Distribution Date:
Examples of Subordinate Principal Amount in a sentence
Distributions of principal to the Subordinate Certificates will be made on each Distribution Date sequentially in the order of their numerical class designation beginning with the Class M-1 Certificates, until each class of Subordinate Certificates has received its respective pro rata share of the Subordinate Principal Amount for that Distribution Date.
With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.
More Definitions of Subordinate Principal Amount
Subordinate Principal Amount. With respect to any Distribution Date and a Loan Group, an amount equal to the sum of the following for that Distribution Date:
Subordinate Principal Amount. With respect to a Distribution Date and the Loans, an amount equal to the sum of:
Subordinate Principal Amount. For each Distribution Date in respect of the Subordinate I Amount or Subordinate II Amount, determined separately, the sum of:
Subordinate Principal Amount herein, until the Class B-5 Principal Balance has been reduced to zero;
Subordinate Principal Amount. On any Distribution Date, the excess of (A) the sum of (i) the Subordinate Percentage of the Principal Payment Amount for the Loans (exclusive of the portion thereof attributable to principal distributions to the Class A-P Certificates pursuant to clause (I)(a)(i) of the definition of "Certificate Distribution Amount"), (ii) the Subordinate Principal Prepayments Amount and (iii) the Subordinate Liquidation Amount over (B) the amount required to be distributed to the Class A-P Certificates pursuant to clauses (I)(a)(v) and (I)(a)(vi) of the definition of "Certificate Distribution Amount" on such Distribution Date. Any reduction in the Subordinate Principal Amount pursuant to clause (B) of this definition shall: (i) first, be subtracted from the amount calculated pursuant to clause (A)(i) of this definition, (ii) second, be subtracted from the amount calculated pursuant to clause (A)(iii) of this definition and (iii) third, be subtracted from the amount calculated pursuant to clause (A)(ii) of this definition. On any Distribution Date, the Subordinate Principal Amount shall be allocated pro rata, by Class Principal Balance, among the Classes of Subordinate Certificates and paid in the order of distribution to such Classes pursuant to clause (I)(a) of the definition of "Certificate Distribution Amount" herein, except as otherwise stated in such definition. Notwithstanding the foregoing, on any Distribution Date prior to distributions on such date, if the Subordination Level for any Class of Subordinate Certificates is less than such percentage as of the Closing Date, the pro rata portion of the Subordinate Principal Prepayments Amount otherwise allocable to the Class or Classes junior to such Class will be distributed to the most senior Class of the Subordinate Certificates for which the Subordination Level is less than such percentage as of the Closing Date, and to the Classes of Subordinate Certificates senior thereto, pro rata according to the Class Principal Balances of such Classes. For purposes of this definition and the definition of "Subordination Level," the relative seniority, from highest to lowest, of the Classes of Subordinate Certificates shall be as follows: Class M, Class B-1, Class B-2, Class B-3, Class B-4 and B-5.
Subordinate Principal Amount. For each Distribution Date, in respect of the Subordinate I Amount, Subordinate II Amount or Subordinate III Amount, will be equal to the sum of:
Subordinate Principal Amount. For any Distribution Date, an amount equal to the Subordinate Percentage of the Principal Payment Amount (exclusive of the portion thereof attributable to the Discount Fractional Principal Amount); provided, however, that the Subordinate Principal Amount shall be reduced by the amounts required to be distributed to Component A-2-C with respect to the Discount Fractional Principal Shortfall on such Distribution Date.