Component Writedown Amount definition

Component Writedown Amount. Not applicable.
Sample 1Sample 2Sample 3
Component Writedown Amount. As to any Distribution Date and any Component, the amount by which the sum of the aggregate Certificate Principal Amount of the related Senior Certificates and the aggregate Component Principal Amount of the related Components (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Mortgage Pool for such Distribution Date.
Sample 1
Component Writedown Amount. As to any Distribution Date after the Class 1B4, Class 1B5 and Class 1B6 Certificates are no longer outstanding and with respect to the B3(1) Component, the amount by which the sum of the aggregate Certificate Principal Amount of the Senior Certificates in Group 1 and the Class 1B1 and Class 1B2 Certificates and the Component Principal Amount of the B3(1) Component (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 1 for such Distribution Date; and as to any Distribution Date after the Class B4(2-5) Class B5(2-5) and Class B6(2-5) Certificates are no longer outstanding, and with respect to the B3(2-5) Component, the amount by which the sum of the aggregate Certificate Principal Amount of the Senior Certificates in Group 2, Group 3, Group 4 and Group 5 and the Class B1(2-5) and Class B2(2-5) Certificates and the Component Principal Amount of the B3(2-5) Component (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date.
Sample 1

Examples of Component Writedown Amount in a sentence

  • The Group 1 Subordinate Component Writedown Amount, the Group 2 Subordinate Writedown Amount or the Group 3 Subordinate Writedown Amount, as applicable.

  • The Group 1 Component Writedown Amount or the Group 2-5 Component Writedown Amount, as applicable.

  • The Group 1 Subordinate Component Writedown Amount, the Group 2 Subordinate Component Writedown Amount and/or the Group 3 Subordinate Component Writedown Amount, as the context requires.

  • The Group 1 Subordinate Component Writedown Amount and/or the Group 2-4 Subordinate Component Writedown Amount, as the context requires.

  • The Group 1 Subordinate Component Writedown Amount or the Group 2-4 Subordinate Writedown Amount, as applicable.

  • The Group 1 Component Writedown Amount or the Group 2-4 Component Writedown Amount, as applicable.


More Definitions of Component Writedown Amount

Component Writedown Amount. As to any Distribution Date after the Class 1B4, Class 1B5 and Class 1B6 Certificates are no longer outstanding, and with respect to the B3(1) Component, the amount by which the sum of the aggregate Certificate Principal Amount of the Senior Certificates in Group 1 and the Class 1B1 and Class 1B2 Certificates and the Component Principal Amount of the B3(1) Component (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 1 for such Distribution Date; and as to any Distribution Date after the Class 2B4, Class 2B5 and Class 2B6 Certificates are no longer outstanding and with respect to the B3(2) Component, the amount by which the sum of the aggregate Certificate Principal Amount of the Senior Certificates in Group 2 and the Class 2B1 and Class 2B2 Certificates and the Component Principal Amount of the B3(2) Component (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 2 for such Distribution Date.
Sample 1
Component Writedown Amount. With respect to any Distribution Date and the B1(1-2), B2(1-2), B3(1-2), B4(1-2), B5(1-2) and B6(1-2) Components, the amount by which (i) the sum of the aggregate Certificate Principal Amount of the related Senior Certificates and the aggregate Component Principal Amount of such Components (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 1 and Pool 2 for such Distribution Date. As to any Distribution Date and the B1(3), B2(3), B3(3), B4(3), B5(3) and B6(3) Components, the amount by which (i) the sum of the aggregate Certificate Principal Amount of the related Senior Certificates and the aggregate Component Principal Amount of such Components (after giving effect to distributions of principal and allocation of Realized Losses on such date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans in Pool 3 for such Distribution Date.
Sample 1

Related to Component Writedown Amount

  • Writedown Amount The reduction described in Section 5.03(c).

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class 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 Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Class B-4 Principal Distribution Amount For any Distribution Date, an amount equal to the lesser of (x) the remaining Principal Distribution Amount for such Distribution Date after distribution of the Class A Principal Distribution Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal Distribution Amount, the Class B-1 Principal Distribution Amount, the Class B-2 Principal Distribution Amount and the Class B-3 Principal Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount on such Distribution Date), (2) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (3) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (4) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (5) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (6) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (7) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (8) the Certificate Principal Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (9) the Certificate Principal Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B-2 Principal Distribution Amount on such Distribution Date), (10) the Certificate Principal Balance of the Class B-3 Certificates (after taking into account the distribution of the Class B-3 Principal Distribution Amount on such Distribution Date) and (11) the Certificate Principal Balance of the Class B-4 Certificates immediately prior to such Distribution Date, over (b) the lesser of (1) the product of (x) 90.60% and (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the prior calendar month), and (2) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the prior calendar month) minus the Overcollateralization Floor.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • 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.

  • 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.

  • Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

  • M2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A and Class M1 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M2 Certificates immediately prior to such Distribution Date exceeds (y) the M2 Target Amount.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • 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.

  • Component Notional Amount Not applicable.