Apportioned Principal Balance. For any Class of Subordinated Certificates and any Distribution Date, an amount equal to the Class Certificate Balance of such Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such Distribution Date and the denominator of which is the sum of the Group Subordinate Amounts for such Distribution Date.
Apportioned Principal Balance. As to any Distribution and each Class of Subordinate Certificates, the Class Principal Amount thereof multiplied by a fraction, the numerator of which is the applicable Pool Subordinate Amount (i.e., the Pool 1 Subordinate Amount or the Pool 2 Subordinate Amount, as the case may require), and the denominator of which is the sum of the Pool Subordinate Amounts, in each case, on such date.
Apportioned Principal Balance. As to any Distribution Date and each Class of Subordinate Certificates, the Class Principal Amount thereof immediately prior to that Distribution Date multiplied by a fraction the numerator of which is the applicable Pool Subordinate Amount (or, for purposes of allocating Excess Losses to a Subgroup or reduction as to the Interest Distribution Amount, the applicable Subgroup Subordinate Amount) for that date and the denominator of which is the sum of the Pool Subordinate Amounts (in the aggregate) in the related Aggregate Pool.
Examples of Apportioned Principal Balance in a sentence
Thereafter, that excess amount will be allocated among the related Classes of Certificates (other than the Notional Amount Certificates), in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates or, in the case of the Subordinated Certificates, the related Apportioned Principal Balance.
To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest accrued on that Class for that Distribution Date (or on the related Apportioned Principal Balance in the case of the Subordinated Certificates), the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates.
More Definitions of Apportioned Principal Balance
Apportioned Principal Balance. As to any Distribution Date and each Class of Subordinate Certificates, the Class Principal Amount thereof immediately prior to such Distribution Date multiplied by a fraction, the numerator of which is the applicable Pool Subordinate Amount (i.e., the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount, the Pool 3 Subordinate Amount or the Pool 4 Subordinate Amount, as the case may require), and the denominator of which is the sum of the Pool Subordinate Amounts in the Aggregate Pool, in each case, for such Distribution Date.
Apportioned Principal Balance. Not applicable.
Apportioned Principal Balance. As to any Distribution Date and each Class of Subordinate Certificates and any Mortgage Pool, the Class Principal Amount thereof multiplied by a fraction, the numerator of which is the applicable Pool Subordinate Amount (i.e., the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount or the Pool 3 Subordinate Amount, as the case may require), and the denominator of which is the sum of such Pool Subordinate Amounts on such date.
Apportioned Principal Balance. As to any Class of Subordinate Certificates and any Distribution Date, the Class Principal Amount of such Class immediately prior to such Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such date and the denominator of which is the sum of the Group Subordinate Amounts for Collateral Groups 1, 2, 3, 4 and 5 for such date.
Apportioned Principal Balance. As to any Distribution Date and each Class of Subordinate Certificates, the Class Principal Amount thereof immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Pool Subordinate Amount (i.e., the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount, the Pool 3 Subordinate Amount, the Pool 4 Subordinate Amount, the Pool 5 Subordinate Amount or the Pool 6 Subordinate Amount, as the case may require), and the denominator of which is the sum of the Pool Subordinate Amounts, in each case, for that Distribution Date.
Apportioned Principal Balance. As to (i) each of the Class B1-II and Class B2-II Certificates with respect to Pool 2, Pool 3 or Pool 4 for any Distribution Date will equal the Class Principal Amount of that Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for that date and the denominator of which is the sum of the Group Subordinate Amounts for Pool 2, Pool 3 and Pool 4 and (ii) each of the Class B3, Class B4, Class B5 and Class B6 Certificates with respect to each Mortgage Pool for any Distribution Date will equal the Class Principal Amount of that Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Modified Pool Subordinate Amount for that date and the denominator of which is the sum of the Modified Pool Subordinate Amounts for that date.
Apportioned Principal Balance. As to any Distribution and each Class of Subordinate Certificates related to an Aggregate Pool, the Class Principal Amount thereof multiplied by a fraction, the numerator of which is the applicable Pool Subordinate Amount (i.e., the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount, the Pool 3 Subordinate Amount, the Pool 4 Subordinate Amount, the Pool 5 Subordinate Amount, the Pool 6 Subordinate Amount or the Pool 7 Subordinate Amount, as the case may require), and the denominator of which is the sum of the Pool Subordinate Amounts related to that Aggregate Pool, in each case, on such date.