Adjusted Subordinate Component Balance definition

Adjusted Subordinate Component Balance. With respect to any Distribution Date and for each Loan Group, (i) the principal balance of the Mortgage Loans in such Loan Group as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) less (ii) the product of (a) the Overcollateralized Amount immediately prior to that Distribution Date and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, in each case as of the first day of the related Due Period, less (iii) the aggregate Certificate Principal Balance of the related Classes of Senior Certificates immediately prior to such Distribution Date.
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Adjusted Subordinate Component Balance. With respect to any Distribution Date and each of Loan Group 2 and Loan Group 3, (i) the Stated Principal Balance of the Mortgage Loans in such Loan Group as of the first day of the related Due Period less (ii) the product of (a) the Adjustable Rate Overcollateralized Amount and (b)(I) the Stated Principal Balance of the Mortgage Loans in such Loan Group, divided by (II) the sum of the Stated Principal Balance of the Mortgage Loans in Loan Group 2 and Loan Group 3, in each case, as of the first day of the related Due Period, less (iii) the principal balance of the Class 1-AV-1 Certificates in the case of Loan Group 2 and the Class 2-AV Certificates in the case of Loan Group 3.
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Adjusted Subordinate Component Balance. With respect to any Distribution Date and for each Loan Group, (i) the principal balance of such Loan Group as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) less (ii) the product of (a) the Overcollateralized Amount and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, as of the first day of the related Due Period, less (iii) the aggregate Certificate Principal Balance of the related Classes of Senior Certificates in either case immediately prior to such Distribution Date.
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Examples of Adjusted Subordinate Component Balance in a sentence

  • If (and to the extent that) the limitation in paragraph (f) prevents the distribution of principal to the R-2-C and R-2-D Interests of a Variable Loan Group, and if the Variable Loan Group's R-2-E Interest has already been reduced to zero, then the excess principal from that Variable Loan Group will be paid to the R-2-E Interests of the other Variable Loan Group, the aggregate R-2-C and R-2-D Interests of which are less than one percent of the Adjusted Subordinate Component Balance.

  • To the extent this limitation prevents the distribution of principal to the Class I3 and Class I4 Interests of a Loan Group and the related Class I5 Interest has already been reduced to zero, such excess principal from the Loan Group shall be paid proportionately to the Class I5 Interests of the Loan Groups whose aggregate Class I3 and Class I4 Interests are less than one percent of the Adjusted Subordinate Component Balance.

  • If (and to the extent that) the limitation in paragraph (f) prevents the distribution of principal to the R-1-C and R-1-D Interests of a Variable Loan Group, and if the Variable Loan Group's R-1-E Interest has already been reduced to zero, then the excess principal from that Variable Loan Group will be paid to the Class E Variable Interests of the other Variable Loan Groups, the aggregate R-1-C and R-1-D Interests of which are less than one percent of the Adjusted Subordinate Component Balance.


More Definitions of Adjusted Subordinate Component Balance

Adjusted Subordinate Component Balance. For any Distribution Date and for each Loan Group, (i) the principal balance of such Loan Group as of the first day of the related Due Period less (ii) the product of (a) the Overcollateralized Amount and (b)(I) the principal balance of such Loan Group, divided by (II) the sum of the principal balance of the Mortgage Loans, in each case, as of the first day of the related Due Period, less (iii) the principal balance of the Class 1-A Certificates in the case of Loan Group 1, the Class 2-A Certificates in the case of Loan Group 2 and the Class 3-A Certificates in the case of Loan Group 3.
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Related to Adjusted Subordinate Component Balance

  • Subordinate Component Balance For any of Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V, as of any date of determination, the then outstanding aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group minus the sum of the then outstanding aggregate Class Principal Balance of the related Classes of Class A Certificates.

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Initial Component Balance As specified in the Preliminary Statement.

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

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

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

  • 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.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

  • Original Subordinate Principal Balance The sum of the aggregate Current Principal Amounts of each Class of Subordinate Certificates as of the Closing Date.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Conversion Percentage means, (A) the number of Class B Ordinary Shares being converted, divided by (B) the total number of Class B Ordinary Shares issued and outstanding (i.e. up to 1,000).

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • REMIC I Subordinated Balance Ratio The ratio among the Uncertificated Principal Balances of each of the REMIC I Regular Interests ending with the designation "A," equal to the ratio among, with respect to each such REMIC I Regular Interest, the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Current Principal Amount of the Senior Certificates in the related Group.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • Accrued Component Interest With respect to each Component for any Distribution Date, one month’s interest at the Class X Strip Rate applicable to such Component for such Distribution Date, accrued on the Component Notional Amount of such Component outstanding immediately prior to such Distribution Date. Accrued Component Interest shall be calculated on a 30/360 Basis and, with respect to any Component and any Distribution Date, shall be deemed to accrue during the calendar month preceding the month in which such Distribution Date occurs.

  • 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.

  • Class C Component The Component having such designation.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.