Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: September 2005 through August 2010 0% September 2010 through August 2011 30% September 2011 through August 2012 40% September 2012 through August 2013 60% September 2013 through August 2014 80% September 2014 and after 100%
More Definitions of Special Primary Insurance Premium
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Subordinate Certificates: The Class B Certificates.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Step Down Percentage: For any Distribution Date, the percentage indicated below:
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Special Retail Certificates: The Class CB-6 and Class CB-15 Certificates. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: June 2005 through May 2010 0% June 2010 through May 2011 30% June 2011 through May 2012 40% June 2012 through May 2013 60% June 2013 through May 2014 80% June 2014 and after 100%
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended from time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: Distribution Date Occurring In Step Down Percentage ------------------------------ -------------------- July 2004 through June 2009 0% July 2009 through June 2010 30% July 2010 through June 2011 40% July 2011 through June 2012 60% July 2012 through June 2013 80% July 2013 and thereafter 100% Stripped Interest Rate: For each Mortgage Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 6.000% per annum. Subgroup: Subgroup 1, Subgroup 2 or Subgroup 3, as applicable.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended form time to time. Subordinate Amount: For any date of determination, (A) for the Group I Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group I Loans reduced by the aggregate Class Principal Balance of the Class I-A and Residual Certificates; (B) for the Group II Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group II Loans reduced by the aggregate Class Principal Balance of the Group II-A Certificates; (C) for the Group III Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group III Loans reduced by the Class III-A Principal Balance; (D) for the Group IV Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group IV Loans reduced by the Class IV-A Principal Balance; or (E) for the Group V Loans, an amount equal to the then outstanding aggregate Principal Balance of the Group V Loans reduced by the Class V-A Principal Balance. Subordinate Certificates: The Group B Certificates.
Special Primary Insurance Premium. With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C.ss.3801 et seq., as the same may be amended form time to time. Step Down Percentage: For any Distribution Date, the percentage indicated below: June 2003 through May 2008 0% June 2008 through May 2009 30% June 2009 through May 2010 40% June 2010 through May 2011 60% June 2011 through May 2012 80% June 2012 and thereafter 100% Stripped Interest Rate: For each Group I Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 5.000% per annum. For each Group II Loan and Group III Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 5.500% per annum. For each Group IV Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 6.000% per annum.