Non-PO Percentage definition

Non-PO Percentage. As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.
Non-PO Percentage. As to any Discount Mortgage Loan in a Loan Group in Aggregate Loan Group I, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon for such Loan Group. As to any Non-Discount Mortgage Loan, 100%.
Non-PO Percentage. As to any Discount Mortgage Loan, a fraction (expressed as a percentage), the numerator of which is the Net Mortgage Interest Rate as of the Cut-off Date of such Discount Mortgage Loan and the denominator of which is 6.000% for each Group 1 Discount Mortgage Loan, Group 2 Discount Mortgage Loan and Group 3 Discount Mortgage Loan, 4.750% for each Group 4 Discount Mortgage Loan and 5.500% for each Group 5 Discount Mortgage Loan. As to any Mortgage Loan that is not a Discount Mortgage Loan, 100%.

Examples of Non-PO Percentage in a sentence

  • In full, this part of the definition of Adjusted Net Mortgage Rate provides: “For purposes of determining whether any Substitute Mortgage Loan is a Discount Mortgage Loan or a Non-Discount Mortgage Loan and for purposes of calculating the applicable PO Percentage and the applicable Non-PO Percentage, each Substitute Mortgage Loan shall be deemed to have an Adjusted Net Mortgage Rate equal to the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan for which it is substituted.” PSA, art.

  • On each Distribution Date, we will allocate the applicable Non-PO Percentage of Excess Losses among the Senior Classes and the Non-Senior Classes, pro rata, based on their respective principal balances.

  • I, I-1 (“For purposes of determining whether any Substitute Mortgage Loan is a Discount Mortgage Loan or a Non-Discount Mortgage Loan and for purposes of calculating the applicable PO Percentage and the applicable Non-PO Percentage, each Substitute Mortgage Loan shall be deemed to have an Adjusted Net Mortgage Rate equal to the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan for which it is substituted.”).

  • Allocation of Losses On each Distribution Date, we will allocate the applicable Non-PO Percentage of any Realized Loss (other than any Excess Loss) in the following order of priority: (i) to the Non-Senior CertiÑcates, in the reverse order of their numerical Class designations (beginning with the Class of Non-Senior CertiÑcates with the highest numerical Class designa- tion), in each case until the principal balance of that Class is reduced to zero; and (ii) to the Senior Classes.

  • Kroup 1 Loans having Net Mortgage Rates lower than 5.92%.Category 1a Non-PO Percentage.


More Definitions of Non-PO Percentage

Non-PO Percentage. With respect to any Mortgage Loan with a Net Mortgage Rate less than 4.7500% per annum, a fraction, expressed as a percentage, (x) the numerator of which is equal to the related Net Mortgage Rate, and (y) the denominator of which is equal to 4.7500% per annum. With respect to all other loans, 100%.
Non-PO Percentage. With respect to any Discount Loan, the excess of 100% over the PO Percentage for such Discount Loan.
Non-PO Percentage. Not applicable.
Non-PO Percentage. (a) With respect to Pool I, the Non-Class I-A-PO Percentage, and (b) with respect to Pool II, the Non-Class II-A-PO Percentage.
Non-PO Percentage. As to any Discount Mortgage Loan, a fraction (expressed as a percentage), the numerator of which is the Net Mortgage Interest Rate as of the Cut-off Date of such Discount Mortgage Loan and the denominator of which is 6.000% for each Group 1 Discount Mortgage Loan, 6.000% for each Group 2 Discount Mortgage Loan, 6.000% for each Group 3 Discount Mortgage Loan, 6.500% for each Group 4 Discount Mortgage Loan, 6.500% for each Group 5 Discount Mortgage Loan and 6.000% for each Group 6 Discount Mortgage Loan. As to any Mortgage Loan that is not a Discount Mortgage Loan, 100%.
Non-PO Percentage. (i) With respect to any Group I Discount Mortgage Loan, the Net Rate thereof divided by [ ]%, and (ii) with respect to any Non-Discount Mortgage Loan, [ ]%.
Non-PO Percentage. With respect to each Mortgage Loan, the fraction, expressed as a percentage (but not greater than 100%), the numerator of which equals the applicable Net Mortgage Rate and the denominator of which equals the applicable Remittance Rate: