Class A-PO Deferred Amount definition

Class A-PO Deferred Amount. For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.
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Class A-PO Deferred Amount. For any Distribution Date prior to the Cross-Over Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (B) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the applicable Unscheduled Principal Receipt Period for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Mortgage Loan other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses and (B) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Cross-Over Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.
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Class A-PO Deferred Amount. As to any Distribution Date prior to the Senior Credit Support Depletion Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than an Excess Loss, to be allocated to the Class A-PO Certificates on such Distribution Date or previously allocated to the Class A-PO Certificates and not yet paid to the Holders of the Class A-PO Certificates pursuant to Section 5.02(a)(iii).
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Examples of Class A-PO Deferred Amount in a sentence

  • The aggregate amount of Realized Losses to be allocated to the Principal Only Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class A-PO Deferred Amount for such Distribution Date.

  • For the purpose of this subparagraph, a material amendment shall mean any change in the scope of work, the fee or the terms and conditions of the contract that is expected to increase the cost of such contract by one hundred million dollars ($100,000,000) or more.

  • Notwithstanding the foregoing, on any Distribution Date where the amount used to pay the Class A-PO Deferred Amounts for the Class A-PO Certificates is less than the sum of such Class A-PO Deferred Amounts, a pro rata portion of such amount (based on the Class A-PO Deferred Amounts for such Distribution Date) will be used to pay each applicable Class A-PO Deferred Amount on such Distribution Date.

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More Definitions of Class A-PO Deferred Amount

Class A-PO Deferred Amount. As to any Distribution Date and each Class A-PO Component prior to the applicable Senior Credit Support Depletion Date, the aggregate of the applicable PO Percentage of each Realized Loss on the Mortgage Loans in the Related Loan Group to be allocated to the Class A-PO Component of the Related Group on such Distribution Date or previously allocated to such Class A-PO Component and not yet paid with respect to such Class A-PO Component pursuant to Section 5.02(a)(iv) and any amounts (without duplication) by which the Component Balance of such Class A-PO Component is reduced as a result of Section 5.03(b).
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Class A-PO Deferred Amount. As to any Distribution Date and each Class A-PO Component, the sum of the amounts by which the Component Balance of such Class A-PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the Class A-PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such Class A-PO Component pursuant to Section 5.02(a)(iv) on prior Distribution Dates.
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Class A-PO Deferred Amount. The applicable PO Percentage of any Realized Loss with respect to a Discount Mortgage Loan, other than an Excess Loss allocated to the Class A-PO Certificates on or prior to the date on which the Class Principal Balances of all Classes of the Subordinate Certificates and the Mezzanine Certificates have been reduced to zero.
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Class A-PO Deferred Amount. Any of the Class I-A-PO Deferred Amount, Class II-A-PO Deferred Amount, Class III-A-PO Deferred Amount or Class IV-A-PO Deferred Amount.
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Class A-PO Deferred Amount. As to any Distribution Date prior to the Cross-Over Date, the sum of (i) the sum for all of the Discount Mortgage Loans of the applicable PO Percentage for each such Mortgage Loan of the principal portion of each Realized Loss, other than an Excess Loss, on a Discount Mortgage Loan, to be allocated to the Class A-PO Certificates on such Distribution Date and (ii) all amounts previously allocated to the Class A-PO Certificates in respect of such losses and not yet paid to the Holders of the Class A-PO Certificates. After the Cross-Over Date, the Class A-PO Deferred Amount shall be zero.
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Class A-PO Deferred Amount. With respect to the Class A-PO Certificates and any Distribution Date through the Cross-over Date, the sum of (1) the Class PO Percentage of the principal portion of Non-Excess Losses on a Discount Mortgage Loan allocated to the Class A-PO Certificates on such date, and (2) all amounts previously allocated to the Class A-PO Certificates in respect of such losses and not distributed to the Class A-PO Certificates on prior Distribution Dates.
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Class A-PO Deferred Amount. As to any Distribution Date prior to the Senior Credit Support Depletion Date, the aggregate of the applicable PO Percentage of each Realized Loss to be allocated to the Class A-PO Certificates on such Distribution Date or previously allocated to the Class A-PO Certificates and not yet paid to the Holders of the Class A-PO Certificates pursuant to Section 5.02(a)(iv) and the amount (without duplication) of any reduction in the Class Certificate Balance of the Class A-PO Certificates pursuant to Section 5.03(b). Class A-WIO Notional Amount: As to any Distribution Date and the Class A-WIO Certificates, the aggregate Stated Principal Balances of the Premium Mortgage Loans on the Due Date in the month preceding the month of such Distribution.
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