GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS definition
GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS. For any Distribution Date, the amounts by which the Uncertificated Principal Balances of REMIC I YAA and REMIC I ZAA Regular Interests respectively will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as follows: J% and K% represent the interest rates on Loan Group AA and Loan Group BB respectively. J%less than K%. For purposes of the succeeding formulas the following symbols shall have the meanings set forth below: PJB = the Loan Group AA Subordinate Balance after the allocation of Realized Losses and distributions of principal on such Distribution Date. PKB = the Loan Group BB Subordinate Balance after the allocation of Realized Losses and distributions of principal on such Distribution Date. R = the Class CB Pass Through Rate = (J%PJB + K%PKB)/(PJB + PKB) Yj = the REMIC I YAA Principal Balance after distributions on the prior Distribution Date. Yk = the REMIC I YBB Principal Balance after distributions on the prior Distribution Date.
GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS. For any Distribution Date, the amounts by which the Uncertificated Principal Balances of REMIC I YAA and REMIC I ZAA Regular Interests respectively will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as follows:
GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS. For any Distribution Date, the amounts by which the Uncertificated Principal Balances of REMIC I YAA and REMIC I ZAA Regular Interests respectively will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as follows: J% and K% represent the interest rates on Loan Group AA and Loan Group BB respectively. J% less than K%. For purposes of the succeeding formulas the following symbols shall have the meanings set forth below: PJB = the Loan Group AA Subordinate Balance after the allocation of Realized Losses and distributions of principal on such Distribution Date. PKB = the Loan Group BB Subordinate Balance after the allocation of Realized Losses and distributions of principal on such Distribution Date. R = the Class CB Pass Through Rate = (J%PJB + K%PKB)/(PJB + PKB) Yj = the REMIC I YAA Principal Balance after distributions on the prior Distribution Date. Yk = the REMIC I YBB Principal Balance after distributions on the prior Distribution Date. (DELTA)Yj = the REMIC I YAA Principal Reduction Amount. (DELTA)Yk = the REMIC I YBB Principal Reduction Amount. Zj = the REMIC I ZAA Principal Balance after distributions on the prior Distribution Date. Zk = the REMIC I ZBB Principal Balance after distributions on the prior Distribution Date. (DELTA)Zj = the REMIC I ZAA Principal Reduction Amount. (DELTA)Zk = the REMIC I ZBB Principal Reduction Amount. Pj = the aggregate Uncertificated Principal Balance of the REMIC I YAA and REMIC I ZAA Regular Interests after distributions on the prior Distribution Date, which is equal to the aggregate principal balance of the Group AA Loans. Pk = the aggregate Uncertificated Principal Balance of the REMIC I YBB and REMIC I ZBB Regular Interests after distributions on the prior Distribution Date, which is equal to the aggregate principal balance of the Loan Group BB Mortgage Loans.
More Definitions of GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS
GENERIC SOLUTION FOR THE REMIC I Y PRINCIPAL REDUCTION AMOUNTS. For any Distribution Date, the amounts by which the principal balances of the Class YAA, Class YBB, Class YCC, Class YDD, Class YEE and Class YFF Certificates, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as follows: For purposes of the succeeding formulas the following symbols shall have the meanings set forth below: J% = the Net WAC Rate on the Group AA mortgage loans for interest to be distributed on the next succeeding Distribution Date.