Subordination Depletion Date definition
Examples of Subordination Depletion Date in a sentence
After the Subordination Depletion Date, the Adjusted Pool Amount (PO Portion) for the preceding Distribution Date.
On each Distribution Date occurring prior to the Subordination Depletion Date, the Class A Principal Distribution Amount will be allocated among and distributed in reduction of the Principal Balances of the Class A Certificates, sequentially, as follows: first, to the Class A-R Certificate; and second, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata.
As of any subsequent Determination Date prior to the Subordination Depletion Date and as to the Class A-PO Certificates, the Original Principal Balance of such Class less the sum of (a) all amounts previously distributed in respect of the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class A-PO Certificates pursuant to Section 4.02(b).
On or after the Subordination Depletion Date, all principal distributions to the Class A Certificates pursuant to 4.02(a)(i) and 4.02(a)(ii) will be distributed concurrently, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, on a pro rata basis, based on the Certificate Principal Balance of such Classes of Certificates until the Certificate Principal Balances of such Certificates is reduced to zero.
Prior to the Subordination Depletion Date, the interest accrual on the Class A-17D Component will not be distributed as interest on this Certificate.
On or after the Distribution Date in December 2012 and prior to the Subordination Depletion Date, the Class A Non-PO Principal Distribution Amount on each Distribution Date will be allocated among and distributed in reduction of the Principal Balances of the Class A Certificates, concurrently, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata.
Notwithstanding the foregoing, on each Distribution Date occurring on or subsequent to the Subordination Depletion Date, the Class A Non-PO Principal Distribution Amount shall be distributed among the Class A Certificates (other than the Class A-PO Certificates) and the Class A-PO Certificates, pro rata in accordance with their outstanding Principal Balances without regard to either the proportions or the priorities set forth in Section 4.01(b).
Prior to the Subordination Depletion Date, no distribution of interest on this Certificate will be made.
With respect to any Distribution Date on or after the Subordination Depletion Date, the applicable Non-PO Percentage of such losses will be allocated to the Class A CitiCertificates (other than the Class A-__ CitiCertificates), based on their Class A Subclass Loss Percentage.
With respect to any Distribution Date on or after the Subordination Depletion Date, the lesser of (a) the Stated Amount of the Class A-__ CitiCertificates with respect to such Distribution Date prior to any reduction for the Class A-__ Loss Allocation Amount and (b) the Class A-__ Loss Amount.