Subordination Deficiency definition

Subordination Deficiency. With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

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Subordination Deficiency. As to any Distribution Date, the excess, if any, of (i) the Required Overcollateralization Amount for such Distribution Date over (ii) the Overcollateralization Amount for such Distribution Date after giving effect to the distribution of the Basic Principal Amount on such Distribution Date.

Subordination Deficiency. As to any Payment Date, the excess, if any, of (i) the Required Overcollateralization Amount for such Payment Date over (ii) the Overcollateralization Amount for such Payment Date after giving effect to the payment of the Aggregate Principal Amount on such Payment Date.

Examples of Subordination Deficiency in a sentence

• Premium Amount Current Next Distribution Distribution Date Date ------------ ------------ Available Funds Available Funds Available Funds Shortfall Amortized Subordinated Amount Requirement Excess Subordinated Amount Specified Subordinated Amount Subordinated Amount Subordination Deficiency Amount Subordination Deficit Subordination Increase Amount Subordination Reduction Amount Principal Carry Forward Amount Principal Distribution Amount Reimbursement Amount Balance of Largest Loan EquiVantage Inc.

• Premium Amount Current Next Distribution Distribution Date Date ---- ---- Available Funds Available Funds Available Funds Shortfall Amortized Subordinated Amount Requirement Excess Subordinated Amount Specified Subordinated Amount Subordinated Amount Subordination Deficiency Amount Subordination Deficit Subordination Increase Amount Subordination Reduction Amount Principal Carry Forward Amount Principal Distribution Amount Reimbursement Amount Balance of Largest Loan EquiVantage Inc.

More Definitions of Subordination Deficiency

Subordination Deficiency. With respect to any Distribution Date and either Loan Group, the excess, if any, of (a) the Specified Subordinated Amount for the related Certificate Group applicable to such Distribution Date over (b) the Subordinated Amount for such Certificate Group applicable to such Distribution Date.

Subordination Deficiency means as to any Group and Distribution Date, the excess, if any, of (1) the Required Overcollateralization Amount for such Group and Distribution Date over (2) the Overcollateralization Amount for such Group and Distribution Date after giving effect to the distribution of the related Basic Principal Amount on such Distribution Date.

Subordination Deficiency. As to the first Distribution Date, $0.00. As to any other Distribution Date, the excess, if any, of (i) the Required Overcollateralization Amount for such Distribution Date over (ii) the Overcollateralization Amount for such Distribution Date after giving effect to the distribution of the Aggregate Principal Amount on such Distribution Date.

Subordination Deficiency. With respect to any Class A Bond on any ------------------------ Payment Date, the amount by which the Requirement Subordination Amount for such Class A Bond on such Payment Date exceeds the Subordination Amount for such Class A Bond prior to the application of payments to be made on such Payment Date.

Subordination Deficiency. As to each of Group I and Group II/III and any Distribution Date, the excess, if any, of (1) the Required Overcollateralization Amount for that Group and Distribution Date over (2) the Overcollateralization Amount for that Group and Distribution Date after giving effect to the distribution of the related Basic Principal Amount on such Distribution Date.

Subordination Deficiency. As to any Distribution Date, the excess, if any, of the Required Overcollateralization Amount over the Overcollateralization Amount after giving effect to the distribution of principal from the Mortgage Loans (but prior to the distribution of any Subordination Increase Amount).

Subordination Deficiency. As to any Distribution Date, the excess, if any, of (i) the Required Overcollateralization Amount for such Distribution Date over (ii) the Overcollateralization Amount for such Distribution Date calculated by giving effect to the distribution of Available Funds pursuant to Sections 5.01(a)(1) through (8) only on such Distribution Date.