Subordinated Percentage definition

Subordinated Percentage. As to any Distribution Date, 100% minus the Senior Percentage for such Distribution Date.
Subordinated Percentage. As to any Distribution Date, the percentage which is the difference between 100% and the Class A Percentage for such date.
Subordinated Percentage. As to any Loan Group and Distribution Date on or prior to a Senior Termination Date, 100% minus the Senior Percentage for the Senior Certificate Group relating to such Loan Group for such Distribution Date. As to any Distribution Date after a Senior Termination Date, 100% minus the Senior Percentage for such Distribution Date.

Examples of Subordinated Percentage in a sentence

  • For purposes of the foregoing, the "Aggregate Subordinated Percentage" for any Distribution Date is equal to the aggregate Outstanding Certificate Principal Balance of the Subordinated Certificates immediately prior to such Distribution Date divided by the aggregate Scheduled Principal Balance of all of the Mortgage Loans immediately prior to such Distribution Date.

  • The Negative Carry Subordinated Amount shall be reduced by the product of (i) the amount so applied and (ii) 1.00 plus the Subordinated Percentage.

  • Section 11.06 Original Aggregate Subordinated Percentage................

  • The Class 1-A Subordinated Percentage, the Class 2-A Subordinated Percentage or the Class 3-A Subordinated Percentage, as the case may be.

  • On each Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates.


More Definitions of Subordinated Percentage

Subordinated Percentage means the percentage equivalent of a fraction (a) the numerator of which is the Subordination Factor and (b) the denominator of which is the excess of 100%, over the Subordination Factor.
Subordinated Percentage. For any Distribution Date and each Certificate Group, 100% minus the related Senior Percentage.
Subordinated Percentage. As of any Distribution Date, the difference between 100% and the Non-PO Class A Percentage.
Subordinated Percentage. As to any Distribution Date on or prior to the fourth Senior Termination Date and any Loan Group, 100% minus the Senior Percentage for the Senior Certificate Group relating to such Loan Group for such Distribution Date. As to any Distribution Date after the fourth Senior Termination Date, 100% minus the Senior Percentage for such Distribution Date.
Subordinated Percentage. As to any Distribution Date on or prior to the third Senior Termination Date and any Loan Group, 100% minus the Senior Percentage for the Senior Certificate Group relating to such Loan Group for such Distribution Date. As to any Distribution Date after the third Senior Termination Date, 100% minus the Senior Percentage for such Distribution Date.
Subordinated Percentage. As to any Loan Group and Distribution Date on or prior to a Senior Termination Date, 100% minus the Senior Percentage for such Distribution Date for the Senior Certificate Group relating to such Loan Group. As to any Distribution Date after a Senior Termination Date, 100% minus the Senior Percentage for such Distribution Date.