Group Subordinate Amount definition
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.
Group Subordinate Amount. With respect to any Distribution Date and any Loan Group, the excess of the Pool Stated Principal Balance for such Loan Group over the aggregate Class Certificate Balance of the Senior Certificates of the Related Group immediately prior to such date. Holder: A Certificateholder.
Group Subordinate Amount. Each of the Group 1 Subordinate Amount, Group 2 Subordinate Amount, Group 3 Subordinate Amount, Group 4 Subordinate Amount and Group 5 Subordinate Amount, as applicable.
Examples of Group Subordinate Amount in a sentence
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 7.750% for Loan Group I and 7.000% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 5.000% for Loan Group I and 5.500% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 6.750% for Loan Group I and 6.500% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 6.000% for Loan Group I and 5.750% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
With respect to each succeeding Distribution Date, the pass-through rate will be a per annum rate equal to the weighed average of 6.000% for Loan Group I and 6.250% for Loan Group II, weighted on the basis of the Group Subordinate Amount for each Loan Group.
More Definitions of Group Subordinate Amount
Group Subordinate Amount. With respect to each Mortgage Pool and any Distribution Date, the excess of the Non-AP Pool Balance for such Mortgage Pool for the immediately preceding Distribution Date over the sum of the Class Principal Amounts of the Non-AP Senior Certificates of the related Mortgage Pool immediately prior to such Distribution Date.
Group Subordinate Amount. For any Distribution Date and (i) for the Group I Mortgage Loans, the excess of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the beginning of the related Due Period over the Class Certificate Balance of the Class A-1 Certificates immediately prior to the current Distribution Date and (ii) for the Group II Mortgage Loans, the excess of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the beginning of the related Due Period over the aggregate Class Certificate Balance of the Class A-2A, Class A-2B and Class A-2C Certificates immediately prior to such Distribution Date.
Group Subordinate Amount. With respect to each Group and any Distribution Date, is the excess of the aggregate Loan Balance of the related Group as of the first day of the related Remittance Period, over the aggregate Certificate Principal Balance of the Senior Certificates of such Group immediately prior to such Distribution Date.
Group Subordinate Amount. Any of the Group 1 Subordinate Amount, Group 2 Subordinate Amount, Group 3 Subordinate Amount, Group 4 Subordinate Amount, Group 5 Subordinate Amount, Group 6 Subordinate Amount, Group 7 Subordinate Amount or Group 8 Subordinate Amount, as applicable. HSBC: HSBC Mortgage Corporation (USA) and its successors and assigns, in its capacity as Servicer of the HSBC Mortgage Loans.
Group Subordinate Amount. With respect to each Collateral Group and any Distribution Date, the excess of the sum of the Applicable Fractions of the Scheduled Principal Balance of the Mortgage Loans contributing to such Collateral Group for the immediately preceding Distribution Date for that Collateral Group (other than the Applicable Fractions thereof allocable to the Class A-P Certificates) over the total Certificate Balance of the Senior Certificates of the related Certificate Group (other than the Class A-P Certificates) immediately prior to such Distribution Date.
Group Subordinate Amount. With respect to each Collateral Group (other than Collateral Group P) and any Distribution Date, the excess of the Collateral Group Balance for such Collateral Group for the immediately preceding Distribution Date over the sum of the Class Principal Amounts of the Non-AP Senior Certificates of the related Collateral Group immediately prior to such Distribution Date.
Group Subordinate Amount. As to any Distribution Date and (i) the Mortgage Loans in Loan Group 1, will be equal to the excess of the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group 1 for the preceding Distribution Date over the aggregate Class Principal Balance of the Group 1 Certificates after giving effect to distributions on that preceding Distribution Date, (ii) the Mortgage Loans in Loan Group 2, will be equal to the excess of the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group 2 for the preceding Distribution Date over the aggregate Class Principal Balance of the Group 2 Certificates after giving effect to distributions on that preceding Distribution Date, (iii) the Mortgage Loans in Loan Group 3, will be equal to the excess of the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group 3 for the preceding Distribution Date over the aggregate Class Principal Balance of the Group 3 Certificates after giving effect to distributions on that preceding Distribution Date, (iv) the Mortgage Loans in Loan Group 4, will be equal to the excess of the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group 4 for the preceding Distribution Date over the aggregate Class Principal Balance of the Group 4 Certificates after giving effect to distributions on that preceding Distribution Date, and (v) the Mortgage Loans in Loan Group 5, will be equal to the excess of the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group 5 for the preceding Distribution Date over the aggregate Class Principal Balance of the Group 5 Certificates after giving effect to distributions on that preceding Distribution Date.