Applied Realized Loss Amount. With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.
Applied Realized Loss Amount. With respect to any Distribution Date, the amount, if any, by which the aggregate Class Certificate Balance of the LIBOR Certificates after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.
Applied Realized Loss Amount. With respect to any Distribution Date and a Class of Class A Certificates and Class M Certificates, the sum of the Realized Losses with respect to the Mortgage Loans which have been applied in reduction of the Certificate Principal Balance of a Class of Certificates pursuant to Section 5.05 of this Agreement which have not previously been reimbursed or reduced by any Subsequent Recoveries applied to such Applied Realized Loss Amount.
Examples of Applied Realized Loss Amount in a sentence
Any Realized Losses with respect to the Group I Mortgage Loans shall be applied on each Distribution Date after the distributions provided for in Section 6.01, in reduction of the Certificate Principal Balance of the Class or Classes of Group I Certificates to the extent provided in the definition of Applied Realized Loss Amount.
Any Realized Losses with respect to the Mortgage Loans shall be applied on the Distribution Date in the month following the month in which such loss was incurred and, in the case of the principal portion thereof, after giving effect to distributions made on such Distribution Date, as provided for in Section 6.01, in reduction of the Current Principal Amount of the Class or Classes of Certificates in the related Loan Group to the extent provided in the definition of Applied Realized Loss Amount.
More Definitions of Applied Realized Loss Amount
Applied Realized Loss Amount. With respect to each Distribution Date, the excess, if any, of (a) the aggregate of the Certificate Principal Balances of the Certificates (after giving effect to all distributions on such Distribution Date) over (b) the Pool Balance as of the end of the related Collection Period.
Applied Realized Loss Amount. All amounts applied to reduce the Certificate Balance of a Class of Certificates in respect of Realized Losses pursuant to Section 4.1(g).
Applied Realized Loss Amount. With respect to any Distribution Date and a Class of Group I Offered Certificates and Class I-B-3 Certificates, the sum of the Realized Losses with respect to the Group I Mortgage Loans, which are to be applied in reduction of the Certificate Principal Balance of such Class of Group I Offered Certificates pursuant to this Agreement in an amount equal to the amount, if any, by which, (i) the aggregate Certificate Principal Balance of all of the Group I Certificates (after all distributions of principal on such Distribution Date) exceeds (ii) the aggregate Stated Principal Balance of all of the Group I Mortgage Loans for such Distribution Date. The Applied Realized Loss Amount shall be allocated first to the Class I-B-3 Certificates, the Class I-B-2 Certificates, the Class I-B-1 Certificates, the Class I-M-2 Certificates and the Class I-M-1 Certificates, in that order (so long as their respective Certificate Principal Balances have not been reduced to zero), and thereafter the Applied Realized Loss Amount with respect to the Group I Mortgage Loans, shall be allocated first to the Class I-A-2 Certificates and then to the Class I-A-1 Certificates, until the Certificate Principal Balance of each such Class has been reduced to zero.
Applied Realized Loss Amount. With respect to any Distribution Date, the amount, if any, by which, (i) with respect to the Group I Certificates, the Group I Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Group I Mortgage Loans as of such Distribution Date, and (ii) with respect to the Group II Certificates, the Group II Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Group II Mortgage Loans as of such Distribution Date.
Applied Realized Loss Amount. With respect to any Distribution Date and a Class of Subordinated Certificates the sum of the Realized Losses with respect to the Mortgage Loans which have been applied in reduction of the Certificate Principal Balance of that Class of Certificates pursuant to Section 6.04A of this Agreement, which have not previously been reimbursed.
Applied Realized Loss Amount. With respect to any Distribution Date on or after the date on which the Seller Loss Coverage Amount has been reduced to zero, the sum of the Realized Losses with respect to the Mortgage Loans which are to be applied in reduction of the Certificate Principal Balance of the Subordinate Certificates pursuant to this Agreement, which shall equal the amount, if any, by which, Certificate Principal Balance of all Certificates (after all distributions of principal on such Distribution Date) exceeds the Stated Principal Balance of the Mortgage Loans for such Distribution Date.
Applied Realized Loss Amount. With respect to any Distribution Date and the LIBOR Certificates, the sum of the Realized Losses with respect to the Mortgage Loans which are to be applied in reduction of the Class Certificate Balances of any such Class of Certificates pursuant to this Agreement, which, in the case of the Subordinated Certificates, shall equal the amount, if any, by which the aggregate Class Certificate Balance of all LIBOR Certificates (after all distributions of principal on such Distribution Date) exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of the Due Date in the month in which such Distribution Date occurs (after giving effect to Principal Prepayments and Liquidation Proceeds allocated to principal and Subsequent Recoveries received in the related Prepayment Period). With respect to each Class of Group 1 Senior Certificates and any Distribution Date on or after which the aggregate Class Certificate Balance of the Subordinated Certificates and Class C Certificates is equal to zero, the pro rata share (based on the Class Certificate Balance of each such Class) of the amount, if any, by which the aggregate Class Certificate Balance of the Group 1 Senior Certificates (after all distributions of principal on such Distribution Date) exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the Due Date in the month in which such Distribution Date occurs (after giving effect to Principal Prepayments and Liquidation Proceeds allocated to principal and Subsequent Recoveries received in the related Prepayment Period). With respect to each Class of Group 2 Senior Certificates and any Distribution Date on or after which the aggregate Class Certificate Balance of the Subordinated Certificates and Class C Certificates is equal to zero, the pro rata share (based on the Class Certificate Balance of each such Class) of the amount, if any, by which the aggregate Class Certificate Balance of the Group 2 Senior Certificates (after all distributions of principal on such Distribution Date) exceeds the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the Due Date in the month in which such Distribution Date occurs (after giving effect to Principal Prepayments and Liquidation Proceeds allocated to principal and Subsequent Recoveries received in the related Prepayment Period).