PO Deferred Amount. As to any Distribution Date and any PO Loan Group on or prior to the Cross-Over Date, the sum of (i) the sum for all of the Discount Mortgage Loans of such Loan Group of the applicable PO Percentage for each such Mortgage Loan of the principal portion of each Realized Loss, other than an Excess Loss, on such Discount Mortgage Loan, to be allocated to the related Class PO Certificates on such Distribution Date and (ii) all amounts previously allocated to such Class PO Certificates in respect of such losses and not distributed to such Class PO Certificates on prior Distribution Dates. After the Cross-Over Date, the PO Deferred Amount for each such Loan Group shall be zero.
PO Deferred Amount. As to any Distribution Date and each PO Component, the sum of the amounts by which the Component Balance of such PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such PO Component pursuant to Section 5.02(a)(iii) on prior Distribution Dates.
PO Deferred Amount. As to any Distribution Date and the Class 30-PO Certificates, the sum of the amounts by which the Class Certificate Balance of the Class 30-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries for prior Distribution Dates and (b) the amounts distributed to the Class 30-PO Certificates pursuant to Section 5.02(a)(iii) on prior Distribution Dates.
Examples of PO Deferred Amount in a sentence
For purposes of the preceding sentence, any Class PO Deferred Amount distributed to a Class PO Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated).
The aggregate amount of Realized Losses to be allocated to the Principal Only Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class PO Deferred Amount for such Distribution Date.
For purposes of the preceding sentence, any Class PO Deferred Amount distributable to a Principal Only Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated).
The Class PO Cash Shortfall with respect to any Distribution Date will be added to the Class PO Deferred Amount.
The aggregate amount of Realized Losses to be allocated to the Class PO Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class PO Deferred Amount for such Distribution Date.
More Definitions of PO Deferred Amount
PO Deferred Amount. As to any Distribution Date and each PO Component, the sum of the amounts by which the Component Balance of such PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such PO Component pursuant to Section 5.02(a)(iii) on prior Distribution Dates. As to any Distribution Date and the Class 30-PO Certificates, the sum of the amounts by which the Class Certificate Balance of such Class 30-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to Loan Group 1 for prior Distribution Dates and (b) the amounts distributed to such Class 30-PO Certificates pursuant to Section 5.02(a)(iii) on prior Distribution Dates.
PO Deferred Amount. The Group 1 PO Deferred Amount.
PO Deferred Amount. As to any Distribution Date and each PO Component, the sum of the amounts by which the Component Balance of such PO Component will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such PO Component pursuant to Section 5.02(a)(iii) on prior Distribution Dates. As to any Distribution Date and the Class 15-PO Certificates, the sum of the amounts by which the Class Certificate Balance of such Class 15-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to Loan Group 4 for prior Distribution Dates and (b) the amounts distributed to such Class 15-PO Certificates pursuant to Section 5.02(a)(iii) on prior Distribution Dates. As to any Distribution Date and the Class 5-PO Certificates, the sum of the amounts by which the Class Certificate Balance of such Class 5-PO Certificates will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to Loan Group 5 for prior Distribution Dates and (b) the amounts distributed to such Class 5-PO Certificates pursuant to Section 5.02(a)(iv) on prior Distribution Dates.
PO Deferred Amount. As to any Distribution Date and Asset Group (other than Asset Group 1) on or prior to the related Cross-Over Date, the sum of (i) the sum for all of the Discount Mortgage Loans of such Asset Group of the applicable PO Percentage for each such Mortgage Loan of the principal portion of each Realized Loss, other than an Excess Loss, on such Discount Mortgage Loan, to be allocated to the related Class of Class PO Certificates on such Distribution Date and (ii) all amounts previously allocated to such Class of Class PO Certificates in respect of such losses and not distributed to such Class of Class PO Certificates on prior Distribution Dates. After the Cross-Over Date, the PO Deferred Amount for each Asset Group shall be zero. PO Percentage: As to any Discount Mortgage Loan, 100% minus the Non-PO Percentage for such Discount Mortgage Loan. As to any Non-Discount Mortgage Loan, 0%.
PO Deferred Amount. For any Distribution Date prior to the earlier to occur of the Distribution Date in December 2008 and the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the PO Optimal Principal Amount for all prior Distribution Dates exceeded the amounts distributed on the Class II-A-2 Certificates on such prior Distribution Dates pursuant to Paragraph third clause (B)(I)(b) of Section 4.01(a)(i) and (y) the sum of the product for each Discount Mortgage Loan in Loan Group I which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Group II Mortgage Loan and (B) the sum of (x) the sum of the PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class II-A-2 Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a)(i). On and after the earlier to occur of the Distribution Date in December 2008 and the Subordination Depletion Date, the PO Deferred Amount will be zero. No interest will accrue on any PO Deferred Amount.
PO Deferred Amount. As to any Distribution Date and each PO Component or the Class 1-PO or Class 15-PO Certificates, the sum of the amounts by which the Component Balance of such PO Component or Class Certificate Balance of the Class 1-PO or Class 15-PO Certificates, as the case may be, will be reduced on such Distribution Date or has been reduced on prior Distribution Dates as a result of Section 5.03(b) less the sum of (a) the PO Recoveries with respect to the Related Loan Group for prior Distribution Dates and (b) the amounts distributed to such PO Component or the Class 1-PO or Class 15-PO Certificates, as the case may be, pursuant to Section 5.02(a)(iii) on prior Distribution Dates.
PO Deferred Amount. As to any Distribution Date on or prior to the Cross-Over Date, the sum of (i) the sum for all of the Discount Mortgage Loans of the applicable PO Percentage for each such Mortgage Loan of the principal portion of each Realized Loss, other than an Excess Loss, on such Discount Mortgage Loan to be allocated to the Class PO Certificates on such Distribution Date and (ii) all amounts previously allocated to the Class PO Certificates in respect of such losses and not distributed to the Class PO Certificates on prior Distribution Dates. After the Cross-Over Date, the PO Deferred Amount shall be zero.