Subordinated Portion definition

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

• PMB = the Group DD Subordinated Portion after the allocation of Realized Losses and distributions of principal on such Distribution Date.

• If (and to the extent that) the limitation in paragraph (c) prevents the distribution of principal to the corresponding Class A and Class B Interests of a Loan Group, and if the Loan Group’s Class C Interest has already been reduced to zero, then the excess principal from that Loan Group will be paid to the Class C Interests of the other Corresponding Loan Groups, the aggregate Class A and Class B Interests of which are less than 1% of the Subordinated Portion of such Loan Groups.

• PKB = the Group BB Subordinated Portion after the allocation of Realized Losses and distributions of principal on such Distribution Date.

• 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.

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 has the meaning set forth in the definition of Servicer's Fee.

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.

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.