Adjustable Rate Group Subordinated Amount definition

Adjustable Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Adjustable Rate Group as of the close of business on the last day of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans in the Adjustable Rate Group, any Scheduled Payments due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date) over (y) the sum of the Class A-7 Certificate Principal Balance and the Class A-8 Certificate Principal Balance as of such Distribution Date after taking into account the payment of the Group 2 Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Adjustable Rate Group and Subordination Increase Amount with respect to the Adjustable Rate Group on such Distribution Date).
Sample 1
Adjustable Rate Group Subordinated Amount. As of any Payment Date, the excess, if any, of (x) the sum of (i) the aggregate Loan Balances of the Home Equity Loans in the Adjustable Rate Group as of the close of business on the last day of the immediately proceeding Remittance Period and (ii) any amount on deposit in the Pre-Funding Account relating to the Adjustable Rate Group at such time exclusive of any Adjustable Rate Group Pre-Funding Account Earnings over (y) the Class A-6 Certificate Principal Balance for such Payment Date (after taking into account the payment of the Adjustable Rate Group Principal Distribution Amount thereon (except for any Subordination Reduction Amount relating to the Adjustable Rate Group or Subordination Increase Amount relating to the Adjustable Rate Group) on such Payment Date).
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Adjustable Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Adjustable Rate Group as of the close of business on the last day of the related Due Period (taking into account Curtailments, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans in the Adjustable Rate Group, any scheduled monthly payments due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date) over (y) the Class A-6 Certificate Principal Balance as of such Distribution Date after taking into account the payment of the Class A-6 Distribution Amount thereon (except for any Subordination Deficit with respect to the Adjustable Rate Group and Subordination Increase Amount with respect to the Adjustable Rate Group on such Distribution Date).
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More Definitions of Adjustable Rate Group Subordinated Amount

Adjustable Rate Group Subordinated Amount. As of any Payment Date, the excess, if any, of (x) the aggregate Loan Balances of the Home Equity Loans in the Adjustable Rate Group as of the close of business on the last day of the related Remittance Period over (y) the Class A-10 Certificate Principal Balance as of such Payment Date (after taking into account the payment of the Class A-10 Distribution Amount thereon (except for any Subordination Deficit with respect to the Adjustable Rate Group and Subordination Increase Amount with respect to the Adjustable Rate Group) on such Payment Date).
Sample 1
Adjustable Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Adjustable Rate Group as of the close of business on the last day of the related Due Period (taking into account all amounts received on or prior to the related Determination Date) over (y) the Class A-5 Certificate Principal Balance as of such Distribution Date (after taking into account the payment of the Class A-5 Distribution Amount thereon (except for any Subordination Deficit with respect to the Adjustable Rate Group and Subordination Increase Amount with respect to the Adjustable Rate Group) on such Distribution Date).
Sample 1

Related to Adjustable Rate Group Subordinated Amount

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Excess Subordinate Principal Amount With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Original Subordinated Percentage The Subordinated Percentage as of the Cut-Off Date, as set forth in Section 11.07.

  • Aggregate Subordinate Percentage As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates and the denominator of which is the Pool Balance for such Distribution Date.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Required Subordinated Amount means, as of a date, the sum of:

  • Specified Subordinated Amount Prior to the Stepdown Date, an amount equal to 3.00% of the Cut-off Date Pool Principal Balance. On and after the Stepdown Date, an amount equal to 6.00% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, to a minimum amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date; provided, however, that if, on any Distribution Date, a Trigger Event exists, the Specified Subordinated Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Mortgage Loans until the Distribution Date on which a Trigger Event no longer exists. When the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, the Specified Subordinated Amount will thereafter equal zero.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Required Subordinated Percentage of Class B Notes means, for the Class A(2022-1) Notes, 6.96202532%, subject to adjustment in accordance with Section 2.02.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.