Group II Subordinate Certificate Writedown Amount definition

Group II Subordinate Certificate Writedown Amount. With respect to the Group II Subordinate Certificates, the amount by which (x) the sum of the Current Principal Amounts of the Group II Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses in reduction of the Current Principal Amounts of the Group II Certificates on such Distribution Date) exceeds (y) the Scheduled Principal Balances of the Group II Mortgage Loans on the Due Date related to such Distribution Date.
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Group II Subordinate Certificate Writedown Amount. As to any Distribution Date, the amount by which (a) the sum of the Current Principal Amounts of all the Group II Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Current Principal Amounts of such Group II Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balances of the Group II Mortgage Loans on the Due Date related to such Distribution Date.
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Group II Subordinate Certificate Writedown Amount. See the definition of "Subordinate Certificate Writedown Amount" in this Article I.
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Examples of Group II Subordinate Certificate Writedown Amount in a sentence

  • On each Distribution Date through the Group II Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class II-PO Certificate Deferred Amount on such Distribution Date in accordance with the priorities set forth above, through the operation of the Group II Subordinate Certificate Writedown Amount.

  • On each Distribution Date through the Group II Cross-Over Date, the Current Principal Amount of the lowest ranking Class of Group II Subordinate Certificates then outstanding will be reduced by the amount of any distributions in respect of any Class II-PO Certificate Deferred Amount on such Distribution Date in accordance with the priorities set forth above, through the operation of the Group II Subordinate Certificate Writedown Amount.


More Definitions of Group II Subordinate Certificate Writedown Amount

Group II Subordinate Certificate Writedown Amount. As to any Distribution Date, the amount by which (a) the sum of (i) the sum of the Current Principal Amounts of all the Group II Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Current Principal Amounts of such Group II Certificates on such Distribution Date) and (ii) the Deficiency Amount exceeds (b) the aggregate Scheduled Principal Balances of the Group II Mortgage Loans on the Due Date related to such Distribution Date less any Diverted Amount on such loans occurring prior to such Distribution Date.
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Related to Group II Subordinate Certificate Writedown Amount

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.