Class P Fraction definition

Class P Fraction. Any Class I-P, Class II-P or Class III-P Fraction, as applicable.

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Class P Fraction. With respect to each Class P Mortgage Loan, a fraction, the numerator of which is the Required Coupon for the related Loan Group minus the Net Mortgage Rate on that Class P Mortgage Loan and the denominator of which is the Required Coupon for the related Loan Group.

Class P Fraction. For each Class P Mortgage Loan, a fraction, the numerator of which is 4.500% less the Pass-Through Rate on such Class P Mortgage Loan and the denominator of which is 4.500%.

Examples of Class P Fraction in a sentence

Notwithstanding anything to the contrary contained herein, on each Distribution Date on or after the Credit Support Depletion Date, the Class P Principal Distribution Amount distributable to the Class P Certificates pursuant to Section 4.02(b)(i) shall be reduced by the Class P Fraction of Realized Losses on the Class P Mortgage Loans.
The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
As to any Distribution Date, is the percentage equivalent of a fraction, the numerator of which is the aggregate Class Principal Amount of the Group 3B Certificates immediately prior to that date, and the denominator of which is the Pool Balance relating to Pool 4, Pool 5 and Pool 6 in the aggregate (other than the applicable Class P Fraction of the Class P Mortgage Components and Class P Mortgage Loans) for such Distribution Date.
For the distribution date in June 2005, the excess, if any, of (i) the Class A-P Sublimit Amount over (ii) the applicable Class P Fraction of the Stated Principal Balance of each Class P Mortgage Loan that is a Subsequent Mortgage Loan in Loan Group VI as of the related Subsequent Cut-off Date.
Notwithstanding the foregoing, however, on each Distribution Date, the Class P Certificates shall receive the applicable Class P Fraction of all principal payments, including, without limitation, Principal Prepayments, received in respect of Class P Mortgage Loans.

More Definitions of Class P Fraction

Class P Fraction. Any Class 1-P or Class 2-P Fraction, as applicable.

Class P Fraction. Either the Class I-P or Class II-P Fraction, as applicable.

Class P Fraction. Any of the Class I-P, Class II-P, Class III-P Fraction, Class IV-P Fraction, Class V-P Fraction or Class VI-P Fraction as applicable.

Class P Fraction. With respect to each Class P Mortgage Component in Subgroup 1-1, Subgroup 2-1 or Subgroup 4-1, a fraction, the numerator of which is the Required Coupon for the related Subgroup minus the Net Mortgage Rate on that Class P Mortgage Component and the denominator of which is the Required Coupon for the related Subgroup.

Class P Fraction. With respect to each (a) Class P Mortgage Component in Subgroup 1-1, Subgroup 2-1 or Subgroup 4-1, a fraction, the numerator of which is the Required Coupon for the related Subgroup minus the Net Mortgage Rate on that Class P Mortgage Component and the denominator of which is the Required Coupon for the related Subgroup and (b) Class P Mortgage Loan in Pool 3, Pool 5 or Pool 6, a fraction, the numerator of which is the Required Coupon for the related Pool minus the Net Mortgage Rate on that Class P Mortgage Loan and the denominator of which is the Required Coupon for the related Pool.

Class P Fraction. Any of the Class I-P, Class II-P or Class III-P Fractions, as applicable. Class P Mortgage Loan: Any of the Class I-P, Class II-P or Class III-P Mortgage Loans. Class P-L Regular Interests: The Class II-P-L and Class III-P-L

Class P Fraction thereof with respect to any Class P Mortgage Loans in such Loan Group), in each case immediately prior to such Distribution Date.

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