Common use of Group I Senior Percentage Clause in Contracts

Group I Senior Percentage. If on any Distribution Date the allocation to the Group I Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2001-8), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2001-8)

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Group I Senior Percentage. If on any Distribution Date the allocation to the Group I Class IA Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Class IA Certificates and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2002-1a)

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Group I Senior Percentage. If on any Distribution Date the allocation to the Group I Class IA Certificates and the Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Class IA Certificates, the Class R Certificate and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2001-1a)

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