Examples of Cut-off Date Pool Principal Balance in a sentence
The Initial Target Subordination Percentage for any class of Subordinate Certificates is equal to a fraction, expressed as a percentage, the numerator of which is equal to the aggregate original Certificate Principal Balance of any class(es) of Certificates subordinate to the subject class plus the initial Overcollateralization Target Amount and the denominator of which is equal to the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-Funded Amount.
Overcollateralization Provisions As of the closing date, the Cut-off Date Pool Principal Balance will exceed the aggregate Certificate Principal Balance of the LIBOR Certificates and the Class P Certificates in an amount equal to approximately 1.05% of the Cut-off Date Pool Principal Balance.
With respect to the first Due Period and the first Distribution Date, the Pooling-Tier REMIC-1 WAC Rate shall be reduced by a fraction, the numerator of which is the portion of the Closing Date Deposit Amount and the denominator of which is the portion of the Cut-off Date Pool Principal Balance.
Cumulative Loss Percentage: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Prepayment Period and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.
Overcollateralization Provisions On the Closing Date, it is expected that the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-Funded Amount will exceed the initial aggregate Certificate Principal Balance of the interest-bearing certificates by approximately $15,000,000, which is approximately 1.50% of the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-Funded Amount.