PO Percentage definition

PO Percentage. As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

PO Percentage. As to any Discount Mortgage Loan, 100% minus the Non-PO Percentage for such Mortgage Loan. As to any Mortgage Loan that is not a Discount Mortgage Loan, 0%.

PO Percentage. The PO Percentage with respect to each Mortgage Loan as identified on the Mortgage Loan Schedule, such percentage being equal to the fraction, expressed as a percentage (but not less than 0%), the numerator of which equals the excess of the Remittance Rate over the applicable Net Mortgage Rate and the denominator of which equals the Remittance Rate.

Examples of PO Percentage in a sentence

• In the case of a Discount Loan and any date (i) the Scheduled Principal Balance of such Discount Loan for such date multiplied by (ii) the PO Percentage for such Discount Loan.

• The Trustee shall then with respect to each such Mortgage Loan in each Mortgage Loan Group allocate Realized Losses on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of a Mortgage Loan which suffered a Realized Loss and the Non-PO Percentage of the Scheduled Principal Balance of such Mortgage Loan.

• None has any merit.1. Bucketing of Non-Discount Mortgage Loans and Calculation of PO Percentage All parties agree that the two “buckets” of loans in the Trusts—the Non-Discount Mortgage Loans and the Discount Mortgage Loans—are fixed at the inception of the Trust.

• 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.

• The Current Principal Amount of the Class PO Certificates initially will be the amount shown above and is composed of four components equal to the PO Percentage of each Discount Mortgage Loan in Mortgage Loan Groups 1, 2, 3 and 4.

More Definitions of PO Percentage

PO Percentage. With respect to Loan Group II and any related Discount Mortgage Loan a fraction, expressed as a percentage, equal to 5.315% per annum minus the Net Mortgage Rate thereof divided by 5.315% per annum.

PO Percentage. Not applicable.

PO Percentage. (a) With respect to Pool I, the Class I-A-PO Percentage, and (b) with respect to Pool II, the Class II-A-PO Percentage.

PO Percentage. As to any Discount Mortgage Loan in Pool II, a fraction (expressed as a percentage) the numerator of which is difference between (a) 6.50% and (b) the Adjusted Net Mortgage Rate of such Discount Mortgage Loan, and the denominator of which is 6.50%. As to any Non-Discount Mortgage Loan in Pool II, 0%.

PO Percentage. (i) With respect to any Group I Discount Mortgage Loan, the fraction, expressed as a percentage, equal to [ ]% I the Net Rate thereof divided by [ ]%, and (ii) with respect to any Non-Discount Mortgage Loan, [ ]%.

PO Percentage. With respect to any Discount Mortgage Loan (a) the excess of 6.37% over the related Net Mortgage Rate (b) divided by 6.37%; and with respect to any Non-Discount Mortgage Loan, 0%.

PO Percentage. With respect to any Group I Mortgage Loan with a Net Mortgage Rate less than 6.750% per annum, 6.750% per annum minus the Net Mortgage Rate thereof divided by 6.750% per annum. With respect to any Group II Mortgage Loan with a Net Mortgage Rate less than 6.500% per annum, 6.500% per annum minus the Net Mortgage Rate thereof divided by 6.500% per annum.