Subordinate Prepayment Percentage definition

Subordinate Prepayment Percentage. As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Subordinate Prepayment Percentage. As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

Subordinate Prepayment Percentage. With respect to each Mortgage Pool and any Distribution Date, the difference between 100% and the related Senior Prepayment Percentage for such Distribution Date.

Examples of Subordinate Prepayment Percentage in a sentence

• Subordinate Principal On any distribution date, the sum of (1) the Distribution Amount: product of (a) the Subordinate Percentage and (b) scheduled principal collections; and (2) the product of (a) the Subordinate Prepayment Percentage and (b) unscheduled principal collections.

• For purposes of all principal distributions described above and for calculating the applicable Subordinate Optimal Principal Amount, Subgroup Subordinate Percentage and Subordinate Prepayment Percentage, the applicable Certificate Principal Balance for any Distribution Date shall be determined before the allocation of losses on the Mortgage Loans to be made on such Distribution Date.

• On ------------------------------------------------------------- any Distribution Date, the Group I Subordinate Prepayment Percentage of the Principal Prepayment Amount for Loan Group I (exclusive of the portion thereof attributable to principal distributions to the Class I-P-L Regular Interests pursuant to clause (I)(a)(i) of the definition of "REMIC II Distribution Amount").

• Subordinate Principal The Subordinate Percentage of scheduled principal plus the Subordinate Prepayment Percentage of Distribution Amount: unscheduled principal.

• Subordinate Prepayment Percentage: As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

More Definitions of Subordinate Prepayment Percentage

Subordinate Prepayment Percentage. As to any Distribution Date and each Loan Group, 100% minus the related Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the related Senior Certificates (other than the Class P Certificates related to such Loan Group) has been reduced to zero, then the Subordinate Prepayment Percentage for that Loan Group will equal 100%.

Subordinate Prepayment Percentage. As to any Distribution Date and any Certificate Group, 100% minus the Senior Prepayment Percentage for such Certificate Group for such Distribution Date, except that on any Distribution Date after the Senior Final Distribution Date for any Certificate Group, the Subordinate Prepayment Percentage for each Certificate Group will equal 100%.

Subordinate Prepayment Percentage. With respect to each Loan Group and any Distribution Date, the difference between 100% and the related Senior Prepayment Percentage for such Distribution Date.

Subordinate Prepayment Percentage. For any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class A and Residual Certificates has been reduced to zero, then the Subordinate Prepayment Percentage shall equal 100%.

Subordinate Prepayment Percentage. With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

Subordinate Prepayment Percentage. For any Distribution Date and any Collateral Group, the excess of 100% over the Senior Prepayment Percentage for such Collateral Group. Initially, the Subordinate Prepayment Percentage for each Collateral Group shall be 0%.

Subordinate Prepayment Percentage. As of any Distribution Date and with respect to any Subgroup, 100% minus the related Subgroup Senior Prepayment Percentage for such Subgroup, except that on any Distribution Date after the Current Principal Amount of each class of Senior Certificates have each been reduced to zero, the Subordinate Prepayment Percentage for the Subordinate Certificates with respect to such Subgroup will equal 100%.