Subordinate Class Percentage definition

Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

Subordinate Class Percentage. As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate Class Principal Amount of all Classes of Subordinate Certificates on such date.

Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Subordinate Certificates immediately prior to such Distribution Date. Subordinate Component Percentage: Not applicable.

Examples of Subordinate Class Percentage in a sentence

• On each Distribution Date on which the Class Principal Amounts of the Non-AP Senior Certificates relating to one or more Collateral Groups have been reduced to zero, any amounts distributable pursuant to this Section 5.02(f) will be allocated, as to each applicable Class of Subordinate Certificates, in proportion to such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount for the Collateral Group relating to each such retired Senior Certificate.

• On each Distribution Date on which the Class Principal Amounts of the Non-AP Senior Certificates relating to two or more Collateral Groups have been reduced to zero, any amounts distributable pursuant to this Section 5.02(f)(i) will be allocated, as to each applicable Class of Subordinate Certificates, in proportion to such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount for the Collateral Group relating to each such retired Senior Certificate.

• On each Distribution Date on which the Class Principal Amounts of the Senior Certificates (other than any interest-only Certificates) relating to a Collateral Group has been reduced to zero, any amounts distributable pursuant to this Section 5.02(f) will be allocated, as to each applicable Class of Subordinate Certificates, in proportion to such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount for the Collateral Group relating to each such retired Senior Certificate.

• On each Distribution Date on which the aggregate Certificate Principal Balance of the Senior Certificates has been reduced to zero, any amounts distributable pursuant to this Section 3.01(a) shall be allocated, as to each applicable Class of Subordinate Certificates, in proportion to such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount.

• Subordinate Class Percentage: As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date.

More Definitions of Subordinate Class Percentage

Subordinate Class Percentage. For each Class of Subordinate Certificates and each Distribution Date, the percentage obtained by dividing the Class Principal Balance of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Balance of all related Subordinate Certificates immediately prior to such date.

Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date. Subordinate Percentage: As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

Subordinate Class Percentage. With respect to any Distribution Date and any Class of Group 1 Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Group 1 Subordinate Certificates immediately prior to such Distribution Date. With respect to any Distribution Date and any Class of Group 2 Subordinate Certificates, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Group 2 Subordinate Certificates immediately prior to such Distribution Date.

Subordinate Class Percentage. With respect to any Distribution Date and any Class of Subordinate Certificates (exclusive of the Class B1X, Class B2X, Class B3X, Class B4X, Class B5X, Class B7X, Class B10X and Class B11X Certificates), the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the aggregate Certificate Principal Amount of all Subordinate Certificates immediately prior to such Distribution Date. Subordinate Component Percentage: Not applicable.

Subordinate Class Percentage means, with respect to any Payment Date and any Class of Subordinate Certificates, the percentage equivalent of a fraction, the numerator of which is the aggregate Certificate Principal Amount of such Class on such Payment Date (prior to any distributions or allocations on such Payment Date) and the denominator of which is the aggregate Certificate Principal Amount of all Classes of Subordinate Certificates on such Payment Date (prior to any distributions or allocations on such Payment Date).

Subordinate Class Percentage. As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date; provided that for purposes of calculating the numerator and the denominator above, the Class Principal Amount of the Class of Subordinate Certificates with the lowest payment priority shall be reduced by the aggregate of the Unpaid Principal Balances of any Stop Advance Mortgage Loans for such Distribution Date.

Subordinate Class Percentage. As to any Distribution Date and any Class of Mezzanine or Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of that Class of Mezzanine or Subordinate Certificates immediately prior to that date, and the denominator which is the aggregate Class Principal Amount for all Classes of Mezzanine and Subordinate Certificates immediately prior to such date.