Subordinate Certificate Writedown Amount definition

Subordinate Certificate Writedown Amount. As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

Subordinate Certificate Writedown Amount. The amount described in Section 5.03(b)(iii).

Subordinate Certificate Writedown Amount. As to any Distribution Date, the amount by which (a) the sum of the Current Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Current Principal Amounts of such Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balances of the Mortgage Loans on the Due Date related to such Distribution Date.

Examples of Subordinate Certificate Writedown Amount in a sentence

• Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Subordinate Certificate Writedown Amount for such Distribution Date: ...............................

• Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Certificate Principal Balance of the Subordinate Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Any such Subordinate Certificate Writedown Amount shall effect, without duplication of any other provision in this Section 4.03 that provides for a reduction in the Certificate Principal Balance of the Subordinate Certificates, a corresponding reduction in the Certificate Principal Balance of the Subordinate Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

• Any Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of the Subordinate Certificates in the reverse order of their numerical Class designations.

More Definitions of Subordinate Certificate Writedown Amount

Subordinate Certificate Writedown Amount. As to any Distribution Date, first, any amount distributed to the Class PO Certificates on such Distribution Date pursuant to Section 4.01(a)(iv) and second, after giving effect to the application of clause first above, the amount by which (i) the sum of the Class Certificate Principal Balances of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Balances of the related Certificates on such Distribution Date) exceeds (ii) the Pool Scheduled Principal Balance on the first day of the month of such Distribution Date less any Deficient Valuations occurring on or prior to the Bankruptcy Coverage Termination Date.

Subordinate Certificate Writedown Amount. The amount, if any, by which the aggregate of the Class Principal Amounts of all outstanding Classes of Certificates (after giving effect to the distribution of principal and allocation of Realized Losses on such Distribution Date) exceeds the Aggregate Stated Principal Balance for the Aggregate Pool for the following Distribution Date.

Subordinate Certificate Writedown Amount. With respect to the Subordinate Certificates and any Distribution Date, the amount, if any, by which the aggregate of the Class Principal Amounts of all outstanding Classes of the Aggregate Pool Certificates, other than the Class P Certificates, on that Distribution Date (after giving effect to the distribution of principal and allocation of Realized Losses on such Distribution Date) exceeds the Aggregate Stated Principal Balance of the Aggregate Pool for the following Distribution Date.

Subordinate Certificate Writedown Amount. With respect to the Subordinate Certificates, the amount by which (a) the sum of the aggregate Current Principal Amount of all of the Certificates other than the Residual Certificates (after giving effect to the distribution of principal collections on the Mortgage Loans and the allocation of applicable Realized Losses on the Mortgage Loans on a pro rata basis in reduction of the respective Current Principal Amount of such Certificates on such Distribution Date) exceeds (b) the aggregate Scheduled Principal Balance of the Mortgage Loans on the Due Date related to such Distribution Date.

Subordinate Certificate Writedown Amount. With respect to the Group II Subordinate Certificates, the amount by which (x) the sum of the Certificate Principal Balances of the Group II Certificates (other than the Class II-R Certificates) (after giving effect to the distribution of principal and the allocation of Realized Losses in reduction of the Certificate Principal Balances of the Group II Certificates on such Distribution Date) exceeds (y) the Stated Principal Balances of the Mortgage Loans in Loan Group II on the Due Date related to such Distribution Date.

Subordinate Certificate Writedown Amount. With respect to the Group II Subordinate Certificates and as to any Distribution Date, the amount by which (i) the sum of the Certificate Principal Balances of the Group II Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Certificate Principal Balances of the Group II Certificates on such Distribution Date) exceeds (y) the aggregate Stated Principal Balances of the Group II Mortgage Loans on the Due Date related to such Distribution Date. Subordinate Certificates: The Group I Subordinate Certificates and the Group II Subordinate Certificates.

Subordinate Certificate Writedown Amount. With respect to the Subordinate Certificates and as to any Distribution Date, the amount by which (i) the sum of the Current Principal Amounts of the Certificates (after giving effect to the distribution of principal and the allocation of applicable Realized Losses in reduction of the Current Principal Amounts of the Certificates on such Distribution Date in accordance with the definition of Net Deferred Interest) exceeds (y) the aggregate Scheduled Principal Balances of the Mortgage Loans on the Due Date related to such Distribution Date. Subordinate Certificates: The Non-Offered Subordinate Certificates (other than the Class XP Certificates) and the Offered Subordinate Certificates.