Fixed Rate Group Subordinated Amount definition

Fixed Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group as of the close of business on the last day of the related Due Period (taking into account Curtailments, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans in the Fixed Rate Group, any scheduled monthly payments due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date) over (y) the sum of the Class A-1 Certificate Principal Balance, Class A-2 Certificate Principal Balance, Class A-3 Certificate Principal Balance, Class A-4 Certificate Principal Balance and Class A-5 Certificate Principal Balance as of such Distribution Date after taking into account the payment of the Fixed Rate Group Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Fixed Rate Group and Subordination Increase Amount with respect to the Fixed Rate Group on such Distribution Date).
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Fixed Rate Group Subordinated Amount. As of any Payment Date, the excess, if any, of (x) the sum of (i) the aggregate Loan Balances of the Home Equity Loans in the Fixed Rate Group as of the close of business on the last day of the immediately proceeding Remittance Period and (ii) any amount on deposit in the Pre-Funding Account relating to the Fixed Rate Group at such time exclusive of any the Fixed Rate Group Pre-Funding Account Earnings over (y) the aggregate of Certificate Principal Balances of the Fixed Rate Certificates for such Payment Date (after taking into account the payment of the Fixed Rate Group Principal Distribution Amount thereon (except for any Subordination Reduction Amount relating to the Fixed Rate Group and Subordination Increase Amount relating to the Fixed Rate Group) on such Payment Date).
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Fixed Rate Group Subordinated Amount. As of any Payment Date, the excess, if any, of (x) the aggregate Loan Balances of the Home Equity Loans in the Fixed Rate Group as of the close of business on the last day of the related Remittance Period over (y) the Certificate Principal Balance of the Fixed Rate Group Certificates as of such Payment Date (after taking into account the payment of the Fixed Rate Group Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Fixed Rate Group and Subordination Increase Amount with respect to the Fixed Rate Group) on such Payment Date).
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More Definitions of Fixed Rate Group Subordinated Amount

Fixed Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group as of the close of business on the last day of the related Due Period (taking into account all payments of principal, other than Prepayments, due during the related Due Period and received on or prior to the related Determination Date or, in connection with Curtailments and Net Liquidation Proceeds, collected during the related Due Period together with all Prepayments received on such Mortgage Loans in the Fixed Rate Group during the related Prepayment Period) over (y) the sum of the Class A-1 Certificate Principal Balance, Class A-2 Certificate Principal Balance and Class A-3 Certificate Principal Balance as of such Distribution Date (after taking into account the payment of the Fixed Rate Group Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Fixed Rate Group and Subordination Increase Amount with respect to the Fixed Rate Group) on such Distribution Date).
Sample 1
Fixed Rate Group Subordinated Amount. As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group as of the close of business on the last day of the related Due Period (taking into account all amounts received on or prior to the related Determination Date) over (y) the sum of the Class A-1 Certificate Principal Balance, Class A-2 Certificate Principal Balance, Class A-3 Certificate Principal Balance and Class A-4 Certificate Principal Balance as of such Distribution Date (after taking into account the payment of the Fixed Rate Group Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Fixed Rate Group and Subordination Increase Amount with respect to the Fixed Rate Group) on such Distribution Date).
Sample 1

Related to Fixed Rate Group Subordinated Amount

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of

  • Required Subordinated Amount means, as of a date, the sum of:

  • Specified Subordinated Amount Prior to the Stepdown Date, an amount equal to 3.00% of the Cut-off Date Pool Principal Balance. On and after the Stepdown Date, an amount equal to 6.00% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, to a minimum amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date; provided, however, that if, on any Distribution Date, a Trigger Event exists, the Specified Subordinated Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Mortgage Loans until the Distribution Date on which a Trigger Event no longer exists. When the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, the Specified Subordinated Amount will thereafter equal zero.

  • Excess Subordinate Principal Amount With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Original Subordinated Percentage The Subordinated Percentage as of the Cut-Off Date, as set forth in Section 11.07.

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Aggregate Subordinate Percentage As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates and the denominator of which is the Pool Balance for such Distribution Date.

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Percentage of Class B Notes means, for the Class A(2022-1) Notes, 6.96202532%, subject to adjustment in accordance with Section 2.02.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Aggregate Subordinated Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Subordinated Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to that prior Due Date).

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Subordinated Principal Distribution Amount As to any Distribution Date and Loan Group, the sum of the following with respect to each Loan Group: (i) the Subordinated Percentage of the applicable Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to such Loan Group and such Distribution Date, (ii) with respect to any Mortgage Loan in the related Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect thereto remaining after application thereof pursuant to clause (ii) of the definition of Senior Principal Distribution Amount for that Loan Group, up to the Subordinated Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan, and (iii) the Subordinated Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to that Loan Group for such Distribution Date, reduced by the amount of any payments in respect of Class PO Deferred Amounts for such Distribution Date; provided, however, that on any Distribution Date after a Senior Termination Date, the Subordinated Principal Distribution Amount will not be calculated by Loan Group but will equal the amount calculated pursuant to the formula set forth above based on the applicable Subordinated Percentage and Subordinated Prepayment Percentage for the Subordinated Certificates for such Distribution Date with respect to all of the Mortgage Loans as opposed to the Mortgage Loans only in the related Loan Group.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Required Subordinated Percentage of Class C Notes means, for the Class A(2022-1) Notes, 8.86075950%, subject to adjustment in accordance with Section 2.02.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).