Class PO Recovery definition

Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) the Class PO Deferred Amount for the Class PO Component of the Related Group for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
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Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amount for the Class 1-PO Component for such Distribution Date, (ii) in the case of Group 2, the Class PO Deferred Amount for the Class 2-PO Component for such Distribution Date, (iii) in the case of Group 3, the Class PO Deferred Amount for the Class 3-PO Component for such Distribution Date and (iv) in the case of Group 4, the Class PO Deferred Amount for the Class 4-PO Component for such Distribution Date and (b) an amount equal to the sum, as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery received during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan.
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Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amount for the Class 1-PO Component for such Distribution Date and (ii) in the case of Group 2, the Class PO Deferred Amount for the Class 2-PO Component for such Distribution Date and (b) an amount equal to the sum, as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery received during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan.
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Examples of Class PO Recovery in a sentence

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery to the Holders of the Class 30-PO Certificates.

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery to the Holders of the Class A-PO Certificates.

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery for Loan Group 2 or Loan Group 3 to the Holders of the Class X-PO Certificates and the Class 15-PO Certificates, pro rata, based on Class PO Deferred Amounts.

  • The time for and the date of delivery of the stores stipulated in the Purchase Order shall be deemed to be the essence of the Contract and delivery must be completed on or before the specified dates.

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery for Loan Group 1 to the Holders of the Class X-PO Certificates.

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery for Loan Group 2 or Loan Group 3 to the Holders of the Class 30-PO Certificates.

  • On each Distribution Date, the Trustee shall distribute any Class PO Recovery for Loan Group 4 to the Holders of the Class X-PO Certificates and the Class 15-PO Certificates, pro rata, based on Class PO Deferred Amounts.

  • On each Distribution Date, the Trustee shall distribute any Class PO Recovery for Loan Group 1, Loan Group 2 or Loan Group 3 to the Holders of the Class X-PO Certificates.

  • On each Distribution Date, the Securities Administrator shall distribute any Class PO Recovery for Loan Group 1 to the Holders of the Class 30-PO Certificates and the Class 1-CB-PO Certificates, pro rata, based on Class PO Deferred Amounts.

  • On each Distribution Date, the Trustee shall distribute any Class PO Recovery for Loan Group 1 to the Holders of the Class 1-X-PO Component.


More Definitions of Class PO Recovery

Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amount for the Class 1-X-PO Component for such Distribution Date, (ii) in the case of Group 2, the Class PO Deferred Amount for the Class 2-X- PO Component for such Distribution Date and (iii) in the case of Group 3, the Class PO Deferred Amount for the Class 3-X-PO Component for such Distribution Date and (b) an amount equal to the sum, as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery received during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan.
Sample 1Sample 2
Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amount for the Class 1-X-PO Component for such Distribution Date, (ii) in the case of Group 2, the Class PO Deferred Amount for the Class 2-X-PO Component for such Distribution Date, (iii) in the case of Group 3, the Class PO Deferred Amount for the Class 3-X-PO Component for such Distribution Date, (iv) in the case of Group 4, the Class PO Deferred Amount for the Class 4-X-PO Component for such Distribution Date, (v) in the case of Group 5A, the Class PO Deferred Amount for the Class 5A-X-PO Component for such Distribution Date and (vi) in the case of Group 5B, the Class PO Deferred Amount for the Class 5B-X-PO Component for such Distribution Date and (b) an amount equal to the sum, as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery received during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan.
Sample 1
Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amounts for the Class 1-X-PO Component for such Distribution Date and (ii) in the case of Group 2, the sum of the Class PO Deferred Amount for the Class 2-X-PO Component and the Class 15-PO Certificates for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
Sample 1
Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, the Class PO Deferred Amounts for the Class 1-X-PO Component for such Distribution Date, (ii) in the case of Group 2, the sum of the Class PO Deferred Amounts for the Class 2-X-PO Component and the Class 2-15-PO Component for such Distribution Date and (iii) in the case of Group 3, the sum of the Class PO Deferred Amounts for the Class 3-X-PO Component and the Class 3-15-PO Component for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during Prior Period, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
Sample 1
Class PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) (i) in the case of Group 1, Group 2 and Group 3, the Class PO Deferred Amount for the Class X-PO Component of the Related Group for such Distribution Date and (ii) in the case of Group 4, the sum of the Class PO Deferred Amounts for the Class X-PO Component and the Class 15-PO Certificates for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
Sample 1

Related to Class PO Recovery

  • Non-PO Recovery As to any Distribution Date, the amount of all Recoveries received during the Applicable Unscheduled Principal Receipt Periods for such Distribution Date less the Class A-PO Recovery for such Distribution Date.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Realized Losses means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

  • Postpartum recovery means (a) the entire period a woman or

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.06(c).

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class B-3 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-3 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-3 Certificates on prior Distribution Dates pursuant to Paragraph twelfth of Section 4.01(a).

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $[_______________], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class B-5 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-5 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-5 Certificates on prior Distribution Dates pursuant to Paragraph eighteenth of Section 4.01(a).

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B-6 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-6 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-first of Section 4.01(a).

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B-4 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-4 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-4 Certificates on prior Distribution Dates pursuant to Paragraph fifteenth of Section 4.01(a).

  • Class A-2 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A-2 Interest Distributable Amount for such Payment Date and any outstanding Class A-2 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A-2 Interest Carryover Shortfall at the Class A-2 Rate, to the extent lawful, calculated on the same basis as interest on the Class A-2 Notes for the same period), over (y) the amount of interest distributed to the Class A-2 Noteholders on such Payment Date.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Class B Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class B Interest Distributable Amount for such Payment Date and any outstanding Class B Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class B Interest Carryover Shortfall at the Class B Rate, to the extent lawful, calculated on the same basis as interest on the Class B Notes for the same period), over (y) the amount of interest distributed to the Class B Noteholders on such Payment Date.

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).