Subordinated Amount definition

Subordinated Amount. As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

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Subordinated Amount. As applicable, the Group I Subordinated Amount or the Group II Subordinated Amount.

Subordinated Amount. With respect to any Distribution Date, the excess, if any, of (a) the REMIC II Percentage of the aggregate Stated Principal Balances of the Mortgage Loans immediately following such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates as of such Distribution Date (after taking into account the payment of the amounts described in clauses (b)(i)(A) through (C) and (b)(ii) of the definition of Class A Principal Distribution Amount on such Distribution Date).

Examples of Subordinated Amount in a sentence

• If there is a Subordinate Class with respect to Class A, the Holders of each Class B Investor Certificate, by their acceptance of such Investor Certificate, hereby subordinate, for the benefit of the Holders of Class A Investor Certificates, to the extent and in the manner set forth in Section 9, all of such Investor Certificateholders' right, title and interest in and to future distributions due on such Holders' Investor Certificates, but only to the extent of the Available Subordinated Amount.

• On each Payment Date, the Reallocated Principal Collections for that Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount under Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.

• On any Determination Date, the Available Subordinated Amount for the next Payment Date will be less than the Required Subordinated Amount after giving effect to any payments to be made on that Payment Date, and continues unremedied for five Business Days after that Payment Date.

• On each Payment Date, the Reallocated Principal Collections for such Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount pursuant to Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.

• If (and to the extent that) the limitation in paragraph (c) prevents the distribution of principal to the Class A and Class B Interests of a Mortgage Pool, and if the Mortgage Pool’s Class C Interest has already been reduced to zero, then the excess principal from that Mortgage Pool will be paid to the Class C Interests of the other Mortgage Pools, the aggregate Class A and Class B Interests of which are less than one percent of the Pool Subordinated Amount.

More Definitions of Subordinated Amount

Subordinated Amount. With respect to any Distribution Date, the excess, if any, of (a) the Current Maximum Amount for that Distribution Date on such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date plus, except for federal income tax purposes, the Class Certificate Balances of the Class P Certificates (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

Subordinated Amount. The Fixed Rate Group Subordinated Amount or the Adjustable Rate Group Subordinated Amount, as the case may be.

Subordinated Amount. For each Distribution Date, either (i) the Group I Subordinated Amount or (ii) the Group II Subordinated Amount.

Subordinated Amount. With respect to any Distribution Date, the excess, if any, of (a) the Current Maximum Amount for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the Offered Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

Subordinated Amount. For each Pool, the Pool Subordinated Amount for such Pool.

Subordinated Amount. For any Distribution Date, the excess of

Subordinated Amount. As of any Distribution Date, the difference, if any, between (a) the sum of (i) the aggregate Principal Balances of the Mortgage Loans as of the close of business on the last day of the related Due Period and (ii) the amount on deposit in the Pre-Funding Account as of the close of business on the last day of the immediately preceding Due Period and (b) the Class A Certificate Principal Balance as of such Distribution Date (after taking into account the payment of the Principal Distribution Amount on such Distribution Date except for any portion thereof related to an Insured Payment); provided, however, that such amount shall not be less than zero.