Subordinate Prepayment Percentage definition
Examples of Subordinate Prepayment Percentage in a sentence
On any Payment Date, 100% minus the applicable Senior Prepayment Percentage for the relevant Bond Group, except that on any Payment Date after the aggregate of the Class Current Principal Balances of the Senior Bonds of such Bond Group have each been reduced to zero, the Subordinate Prepayment Percentage for such Bond Group will equal 100%.
Subordinate Principal The Subordinate Percentage of scheduled principal plus the Subordinate Prepayment Percentage of Distribution Amount: unscheduled principal.
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.
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.