Adjusted Subordinate Component Balance definition

Adjusted Subordinate Component Balance. With respect to any Distribution Date and for each Loan Group, (i) the principal balance of the Mortgage Loans in such Loan Group as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) less (ii) the product of (a) the Overcollateralized Amount immediately prior to that Distribution Date and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, in each case as of the first day of the related Due Period, less (iii) the aggregate Certificate Principal Balance of the related Classes of Senior Certificates immediately prior to such Distribution Date.
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Adjusted Subordinate Component Balance. With respect to any Distribution Date and each of Loan Group 2 and Loan Group 3, (i) the Stated Principal Balance of the Mortgage Loans in such Loan Group as of the first day of the related Due Period less (ii) the product of (a) the Adjustable Rate Overcollateralized Amount and (b)(I) the Stated Principal Balance of the Mortgage Loans in such Loan Group, divided by (II) the sum of the Stated Principal Balance of the Mortgage Loans in Loan Group 2 and Loan Group 3, in each case, as of the first day of the related Due Period, less (iii) the principal balance of the Class 1-AV-1 Certificates in the case of Loan Group 2 and the Class 2-AV Certificates in the case of Loan Group 3.
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Adjusted Subordinate Component Balance. With respect to any Distribution Date and for each Loan Group, (i) the principal balance of such Loan Group as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) less (ii) the product of (a) the Overcollateralized Amount and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, as of the first day of the related Due Period, less (iii) the aggregate Certificate Principal Balance of the related Classes of Senior Certificates in either case immediately prior to such Distribution Date.
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Examples of Adjusted Subordinate Component Balance in a sentence

  • If (and to the extent that) the limitation in paragraph (f) prevents the distribution of principal to the R-2-C and R-2-D Interests of a Variable Loan Group, and if the Variable Loan Group's R-2-E Interest has already been reduced to zero, then the excess principal from that Variable Loan Group will be paid to the R-2-E Interests of the other Variable Loan Group, the aggregate R-2-C and R-2-D Interests of which are less than one percent of the Adjusted Subordinate Component Balance.

  • If (and to the extent that) the limitation in paragraph (f) prevents the distribution of principal to the R-1-C and R-1-D Interests of a Variable Loan Group, and if the Variable Loan Group's R-1-E Interest has already been reduced to zero, then the excess principal from that Variable Loan Group will be paid to the Class E Variable Interests of the other Variable Loan Groups, the aggregate R-1-C and R-1-D Interests of which are less than one percent of the Adjusted Subordinate Component Balance.

  • To the extent this limitation prevents the distribution of principal to the Class I3 and Class I4 Interests of a Loan Group and the related Class I5 Interest has already been reduced to zero, such excess principal from the Loan Group shall be paid proportionately to the Class I5 Interests of the Loan Groups whose aggregate Class I3 and Class I4 Interests are less than one percent of the Adjusted Subordinate Component Balance.


More Definitions of Adjusted Subordinate Component Balance

Adjusted Subordinate Component Balance. For any Distribution Date and for each Loan Group, (i) the principal balance of such Loan Group as of the first day of the related Due Period less (ii) the product of (a) the Overcollateralized Amount and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, in each case, as of the first day of the related Due Period, less (iii) the principal balance of the Class 1-A Certificates in the case of Loan Group 1, the Class 2-A Certificates in the case of Loan Group 2, the Class 3-A Certificates in the case of Loan Group 3 and the Class 4-A Certificates in the case of Loan Group 4.
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Related to Adjusted Subordinate Component Balance

  • Subordinate Component Balance For any of Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V, as of any date of determination, the then outstanding aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group minus the sum of the then outstanding aggregate Class Principal Balance of the related Classes of Class A Certificates.

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Initial Component Balance As specified in the Preliminary Statement.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.