Subordinated Portion. For any Distribution Date, an amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group as of the end of the Prepayment Period related to the immediately preceding Distribution Date, minus the aggregate Class Certificate Balance of the related Senior Certificates immediately prior to such Distribution Date.
Subordinated Portion. For any Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date) minus the sum of the Class Certificate Balance and Component Principal Balance of the related Senior Certificates and Components immediately prior to such Distribution Date.
Subordinated Portion. For any Distribution Date and for each Loan Group, the excess of the Loan Group Principal Balance of such Loan Group for such Distribution Date over the aggregate Class Certificate Balance of the Senior Certificates in the related Senior Certificate Group immediately prior to such Distribution Date.
Examples of Subordinated Portion in a sentence
PJB = the Group AA Subordinated Portion after the allocation of Realized Losses and distributions of principal on such Distribution Date.
Group 2 Senior Certificates and the Subordinated Portion related to Loan Group 2.
PMB = the Group DD Subordinated Portion after the allocation of Realized Losses and distributions of principal on such Distribution Date.
PKB = the Group BB Subordinated Portion after the allocation of Realized Losses and distributions of principal on such Distribution Date.
Group 4 Senior Certificates and the Subordinated Portion related to Loan Group 4.
More Definitions of Subordinated Portion
Subordinated Portion. With respect to any Distribution Date and for each Loan Group, the excess of the principal balance of such Loan Group (increased by any part of the Supplemental Loan Account allocable to such Loan Group) as of the first day of the related Due Period (after giving effect to Principal Prepayments received in the Prepayment Period ending during such Due Period) over the Certificate Principal Balance of the related Classes of Senior Certificates in either case immediately prior to such Distribution Date.
Subordinated Portion. For any Distribution Date and Aggregate Group II Loan Group, an amount equal to the aggregate Stated Principal Balance of the Aggregate Group II Mortgage Loans in the related Loan Group as of the end of the Prepayment Period related to the immediately preceding Distribution Date, minus the aggregate Class Principal Balance of the related Aggregate Group II Senior Certificates immediately prior to such Distribution Date.
Subordinated Portion. For any Distribution Date and Loan Group, an amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group as of the first day of the related Due Period (after giving effect to any Principal Prepayments received during the Prepayment Period ending in that Due Period) minus the sum of the Class Certificate Balances of the related Classes of Senior Certificates (excluding the Class 1-X PO-2, Class 2-X PO-2 and Class 3-X PO-2 Components) immediately prior to such Distribution Date.
Subordinated Portion. For each Collateral Group and distribution Date, an amount equal to the product of the Subordinated Percentage and the sum of the products, for each Mortgage Loan contributing to such Collateral Group, of (x) the Applicable Fraction for such Mortgage Loan in respect of such Collateral Group and (y) the outstanding principal balance of such Mortgage Loan (other than the loans attributable to the Class A-PO Certificates) as of the Due Date of the month in which such Distribution Date occurs.
Subordinated Portion. For any Distribution Date and for each Collateral Allocation Group, the excess of the Collateral Allocation Group Principal Balance of such Collateral Allocation Group for such Distribution Date over the aggregate Class Certificate Balance of the Senior Certificates in the related Senior Certificate Group immediately prior to such Distribution Date.
Subordinated Portion. The Group 1A Subordinated Portion and Group 1B Subordinated Portion, as applicable.
Subordinated Portion. For any Payment Date and Loan Group, an amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group as of the Due Date in the month prior to the month of such Payment Date, minus the aggregate Note Principal Balance of the related Senior Notes immediately prior to such Payment Date.