Examples of Pool Subordinate Amount in a sentence
Each Class B Interest shall have a principal balance initially equal to 0.1% of the Pool Subordinate Amount of its corresponding Mortgage Pool.
Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 1 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1 and Pool 2.
Pool 2 Subordinate Percentage: Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 2 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1 and Pool 2.
Pool 3 Subordinate Percentage: Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 3 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1, Pool 2 and Pool 3.
For each Distribution Date the weighted average of the Pool 3A Net Funds Cap and the Pool 3B Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for Pool 3A and Pool 3B; provided, however, that on any Distribution Date after the aggregate Class Principal Amount of the Senior Certificates related to either Mortgage Pool has been reduced to zero, such weighting will be on the bases of the Pool Balance of remaining Mortgage Pool.