Pool Subordinate Amount definition

Pool Subordinate Amount. As to each Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over (i) the Class Principal Amount of the Group 1 Senior Certificates (in the case of Pool 1) or (ii) the aggregate Class Principal Amounts of the Group 2 Senior Certificates (in the case of Pool 2) immediately prior to the related Distribution Date.

Pool Subordinate Amount. Any of the Pool 1, Pool 2, Pool 3 or Pool 4 Subordinate Amounts.

Pool Subordinate Amount. Either of the Pool 1 Subordinate Amount or the Pool 2 Subordinate Amount.

Examples of Pool Subordinate Amount in a sentence

• Each Class B Interest shall have a principal balance initially equal to 0.1% of the Pool Subordinate Amount of its corresponding Mortgage Pool.

• If (and to the extent that) the limitation in paragraph (c) prevents the distribution of principal to the Class A and Class B Interests of a Mortgage Pool, and if the Mortgage Pool’s Class C Interest has already been reduced to zero, then the excess principal from that Mortgage Pool will be paid to the Class C Interests of the other Mortgage Pools, the aggregate Class A and Class B Interests of which are less than one percent of the Pool Subordinate Amount.

• Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 1 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1 and Pool 2.

• Pool 2 Subordinate Percentage: Immediately after any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the Pool Subordinate Amount for Pool 2 and the denominator of which is the sum of the Pool Subordinate Amount for Pool 1 and Pool 2.

• Victoria University of Wellington hors serie (Wellington) 22:229-248, 2018.

More Definitions of Pool Subordinate Amount

Pool Subordinate Amount. With respect to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for the immediately preceding Distribution Date (or on the Cut-off Date in the case of the first Distribution Date) over the aggregate Class Principal Amount of the related Senior Certificates immediately prior to the related Distribution Date.

Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the Class Principal Amount of the Class A1 Certificates (in the case of Pool 1), the Class Principal Amount of the Class A2 Certificates (in the case of Pool 2) and the Class Principal Amount of the Class A3 Certificates (in the case of Pool 3), in each case, immediately prior to the related Distribution Date.

Pool Subordinate Amount. Any of the Pool 1 Subordinate Amount, the Pool 2 Subordinate Amount, the Pool 3 Subordinate Amount, the Pool 4 Subordinate Amount or the Pool 5 Subordinate Amount.

Pool Subordinate Amount. With respect to each Mortgage Pool and any Distribution Date, the excess of the Aggregate Stated Principal Balance of the Mortgage Loans in such Mortgage Pool over the sum of the Class Principal Amounts of the Pool 1 Certificates or the Pool 2 Certificates, as applicable, immediately before such Distribution Date.

Pool Subordinate Amount the Pool 1 Subordinate Amount or the Pool 2 Subordinate Amount, as the context requires.

Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool for such Distribution Date over the sum of the Class Principal Amount of the Class A1 Certificates and the Component Principal Amount of the A3(1) Component (in the case of Pool 1) and the sum of the Class Principal Amount of the Class A2 Certificates and the Component Principal Amount of the A3(2) Component (in the case of Pool 2), in each case immediately prior to the related Distribution Date.

Pool Subordinate Amount. As to any Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over the sum of the Class Principal Amounts of the Class A1 Certificates (in the case of Pool 1), the sum of the Class Principal Amounts of the Group 2 Senior Certificates (in the case of Pool 2), the sum of the Class Principal Amounts of the Group 3 Senior Certificates (in the case of Pool 3) or the sum of the Class Principal Amounts of the Group 4 Senior Certificates (in the case of Pool 4) immediately prior to the related Distribution Date.