REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and the related REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two (2) times the aggregate Uncertificated Principal Balance of each REMIC II Regular Interest for which a Class A, Class M or Class B Certificate is a Corresponding Certificate and the denominator of which is the aggregate Uncertificated Principal Balance of each REMIC II Regular Interest for which a Class A, Class M or Class B Certificate is a Corresponding Certificate and REMIC II Regular Interest ZZ.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate of the Uncertificated Balances of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTM4 and the denominator of which is the aggregate of the Uncertificated Balances of REMIC II Regular Interest II-LTA, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ.

More Definitions of REMIC II Principal Loss Allocation Amount

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) 1.00% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate of the Uncertificated Balances of REMIC II Regular Interest A, REMIC II Regular Interest M-1A, REMIC II Regular Interest M-1B, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest B-1 and the denominator of which is the aggregate of the Uncertificated Balances of REMIC II Regular Interest A, REMIC II Regular Interest M-1A, REMIC II Regular Interest M-1B, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9 and REMIC II Regular Interest B-1 and REMIC II Regular Interest ZZ.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) 0.50% of the aggregate Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is 2 times the aggregate of the Class Principal Balances of the Class L2-1-A1, L2-2-A1, L2-2-A2, L2-2-A3, L2-M1, L2-M2, L2-M3, L2-M4, L2-M5, L2-M6, L2-M7, L2-M8, L2-M9, L2-B1 and L2-B2 Regular Interests and the denominator of which is the aggregate of the Class Principal Balances of the Class L2‑1‑A1, L2‑2‑A1, L2‑2‑A2, L2-2-A3, L2-M1, L2-M2, L2-M3, L2-M4, L2-M5, L2-M6, L2-M7, L2-M8, L2-M9, L2-B1, L2-B2, and L2-ZZ Regular Interests.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding, minus 50% of the Certificate Principal Balance of the Class P Certificates, and (ii) one minus a fraction, the numerator of which is two (2) times the aggregate Uncertificated Balance of each REMIC II Regular Interest for which a Class A or Subordinate Certificate is a Corresponding Certificate, and the denominator of which is the aggregate Uncertificated Balance of each REMIC II Regular Interest for which a Class A or Subordinate Certificate is a Corresponding Certificate and REMIC II Regular Interest ZZ.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) one minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of the Corresponding REMIC II Marker Interests and REMIC II Regular Interest I-LTZZ and the denominator of which is the aggregate Uncertificated Balance of the Corresponding REMIC II Marker Interests. REMIC II Regular Interests: REMIC II Regular Interest I-LTAA, REMIC II Regular Interest I-LTA-1, REMIC II Regular Interest I-LTA-2, REMIC II Regular Interest I-LTA-3, REMIC II Regular Interest I-LTA-4, REMIC II Regular Interest I-LTA-5, REMIC II Regular Interest I-LTB-1, REMIC II Regular Interest I-LTB-2, REMIC II Regular Interest I-LTB-3, REMIC II Regular Interest I-LTB-4, REMIC II Regular Interest I-LTP, REMIC II Regular Interest I-LTR and REMIC II Regular Interest I-LTIO, as designated in the Preliminary Statement. Each such interest represents the beneficial ownership interests in REMIC II as a Regular Interest in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related Uncertificated REMIC II Pass-Through Rate in effect from time to time, and (other than REMIC II Regular Interest I-LTIO) shall be entitled to principal subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.

REMIC II Principal Loss Allocation Amount. With respect to any Distribution Date, an amount equal to the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC II Regular Ixxxxxxxx XX-0X, XX-0X0, XX-0X0, XX-X-0, LX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0, LT-M-7, LT-M-8, LT-M-9 and LT-ZZ.

REMIC II Principal Loss Allocation Amount definition

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