Subordination Reduction Amount definition

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

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Subordination Reduction Amount. With respect to any Distribution Date on or after the Stepdown Date on which no Trigger Event exists, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Total Monthly Excess Spread.

Subordination Reduction Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the Excess Subordination Amount and (b) the principal collections received by the Master Servicer with respect to the prior Due Period.

Examples of Subordination Reduction Amount in a sentence

• Notwithstanding the above, the principal payments on Group II that are attributable to the Subordination Reduction Amount shall be allocated 100% to the Class II-M-2 Interest.

• Notwithstanding the above, principal payments on Group I that are attributable to the Subordination Reduction Amount shall be allocated 100% to the Class II-M-1 Interest.

• Notwithstanding the above, principal payments that are attributable to the Subordination Reduction Amount for Loan Group I shall be allocated to the Class I-M Interest (until paid in full).

• Notwithstanding the above, principal payments that are attributable to the Subordination Reduction Amount for Loan Group II shall be allocated to the Class II-M Interests (until paid in full).

• Furthermore, JAXA employees shall not receive any form of financial compensation by the university for the internship.

More Definitions of Subordination Reduction Amount

Subordination Reduction Amount. With respect to any Mortgage Loan Group and Payment Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Mortgage Loan Group and Payment Date and (y) the Principal Remittance Amount with respect to such Mortgage Loan Group for the related Remittance Period.

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Total Monthly Excess Spread.

Subordination Reduction Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the sum of the amounts available for distribution specified in clauses (b)(i) through (iii) of the definition of Principal Distribution Amount.

Subordination Reduction Amount. With respect to any Pool and any Remittance Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Pool and Remittance Date and (y) the sum of the amounts calculated pursuant to clauses (X)(i) through (v), inclusive, and (vii) of the definition of Pool Principal Distribution Amount with respect to such Pool and Remittance Date.

Subordination Reduction Amount. With respect to any Distribution Date and either Loan Group, an amount equal to the lesser of (a) the related Excess Subordinated Amount and (b) the Total Monthly Excess Spread for the related Certificate Group.

Subordination Reduction Amount. With respect to any Payment Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Payment Date and (y) the Principal Remittance Amount for the related Remittance Period.

Subordination Reduction Amount. For any Distribution Date, the lesser of (a) the Excess Subordinated Amount and (b) the Total Monthly Excess Spread.