Certificate Writedown Amount definition

Certificate Writedown Amount. The amount by which the aggregate Certificate Principal Amount of all the Certificates (other than the Interest-Only Certificates and the Class R and Class LT-R Certificates) on any Distribution Date (after giving effect to distributions of principal and allocations of Realized Losses on that Distribution Date) exceeds the Aggregate Stated Principal Balance of the Mortgage Loans for the Distribution Date.

Certificate Writedown Amount means for any Distribution Date, the amount by which the aggregate Class Principal Amount of all the Classes of Certificates (other than the Interest Only Certificates, the Mortgage Insurance Certificate and the Residual Certificates) on such Distribution Date (after giving effect to distributions of principal and allocations of any related Realized Losses and any related Subsequent Recoveries on such Distribution Date) exceeds the aggregate Unpaid Principal Balance of the Mortgage Loans at the end of the related Collection Period.

Certificate Writedown Amount means the amount by which the aggregate Certificate Principal Amount of all the Certificates (other than the Interest Only Certificates and the Residual Certificates) on any Distribution Date (after giving effect to distributions of principal and allocations of Realized Losses and Subsequent Recoveries on that Distribution Date) exceeds the aggregate Stated Principal Balance of the Mortgage Loans on such Distribution Date.

Examples of Certificate Writedown Amount in a sentence

• Any such Subordinated Certificate Writedown Amount shall effect, without duplication of any other provision in this Section 4.4 that provides for a reduction in the Class Certificate Balance of the Subordinated Certificates, a corresponding reduction in the Class Certificate Balance of the Subordinated Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Subordinate Certificate Writedown Amount for such Distribution Date: ...............................

• Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Certificate Principal Balance of the Subordinate Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Any such Subordinate Certificate Writedown Amount shall effect, without duplication of any other provision in this Section 4.03 that provides for a reduction in the Certificate Principal Balance of the Subordinate Certificates, a corresponding reduction in the Certificate Principal Balance of the Subordinate Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

More Definitions of Certificate Writedown Amount

Certificate Writedown Amount. As to any Distribution ---------------------------------------- Date, the amount by which (i) the sum of the Class Certificate Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the related Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans on the first day of the month of such Distribution Date.

Certificate Writedown Amount. As to any Distribution Date, the amount by which (a) the sum of the Current Principal Amounts of all the Group 1 Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Current Principal Amounts of such Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balance of the Group 1 Mortgage Loans on the Due Date related to such Distribution Date.

Certificate Writedown Amount. As to any Distribution Date, the amount by which (a) the sum of the Current Principal Amounts of all the Group 1, Group 2 and Group 1-2 Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses and any applicable Component PO Deferred Payment Writedown Amount with respect to the Component 1-PO and Component 2-PO in reduction of the Current Principal Amounts of such Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balances of the Group 1 and Group 2 Mortgage Loans on the Due Date related to such Distribution Date.

Certificate Writedown Amount. (a) With respect to any allocation thereof to a Class of Subordinate Certificates, the amount by which the aggregate Certificate Principal Amount of all the Certificates (other than the Class 1-AX, Class 2-AX, Class R and Class LT-R Certificates) on any Distribution Date (after giving effect to distributions of principal and allocations of Realized Losses on that Distribution Date) exceeds the Aggregate Stated Principal Balance of the Mortgage Loans for the Distribution Date and (b) with respect to any allocation thereof to a Class of Senior Certificates after the Credit Support Depletion Date, the amount of the principal portion of the Realized Losses for the related Mortgage Pool.

Certificate Writedown Amount means with respect to any Distribution Date, the amount by which

Certificate Writedown Amount. As to any Distribution Date, the ---------------------------------------- amount by which (a) the sum of the Current Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the allocation of Realized Losses and the Class PO Deferred Payment Writedown Amount in reduction of the Current Principal Amounts of the Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balances of the Mortgage Loans on the first day of the month of such Distribution Date, less any Deficient Valuation occurring on or prior to the Bankruptcy Coverage Termination Date. Subordinate Certificates: Class B Certificates. ------------------------

Certificate Writedown Amount. The amount by which the aggregate Certificate Principal Amount of all the Certificates (other than the Interest-only Certificates and the Residual Certificates) on any Distribution Date (after giving effect to distributions of principal and allocations of Realized Losses on that Distribution Date) exceeds the Aggregate Stated Principal Balance of the Mortgage Loans or, in the case of any Stop Advance Mortgage Loan, the Unpaid Principal Balance thereof for such Distribution Date, which will be applied to reduce the Class Principal Amount of each Class of Subordinate Certificates in reverse order of their priority of payment and, after the Credit Support Depletion Date, to reduce the aggregate Class Principal Amount of the Senior Certificates (other than the Interest-only Certificates), on a pro rata basis in accordance with their respective Class Principal Amounts; provided, however, that any Certificate Writedown Amounts that would otherwise reduce the Class Principal Amounts of the Class A-[ ] and Class A-[ ] Certificates will first reduce the Class Principal Amount of the Class A-[ ] Certificates until the Class Principal Amount of the Class A-[ ] Certificates has been reduced to zero, and will then reduce the Class Principal Amount of the Class A-[ ] and Class A-[ ] Certificates on a pro rata basis.