Subsidiary Interest Adjusted Principal Balance definition

Subsidiary Interest Adjusted Principal Balance means, as to any Remittance Date and each Class of Uncertificated Subsidiary Interests, the Subsidiary Interest Principal Balance of such Class less its allocable share of the amount, if any, by which the aggregate Subsidiary Interest Principal Balance of the Class S-1 and Class S-2 Interests exceeds the Pool Scheduled Principal Balance, such excess to be allocated sequentially; i.e., first to the Class S-1 Interest up to its Subsidiary Interest Principal Balance, then to the Class S-2(1) Interest any remaining excess, up to its Subsidiary Interest Principal Balance, and last to the S-2(23)

Subsidiary Interest Adjusted Principal Balance means, as to any ---------------------------------------------- Payment Date and each Class of Uncertificated Subsidiary Interests, the Subsidiary Interest Principal Balance of such Class less its allocable share of the amount, if any, as of the preceding Payment Date, by which the aggregate Subsidiary Interest Principal Balance of the Class S-1 and Class S-2 Interests exceeded the Pool Scheduled Principal Balance plus the Pre-Funded Amount, such excess to be allocated sequentially, in accordance with Section 8.07(b)(iii).

Subsidiary Interest Adjusted Principal Balance means, as to any Payment Date and each Class of Uncertificated Subsidiary Interests, the Subsidiary Interest Principal Balance of such Class less its allocable share of the amount, if any, as of the preceding Payment Date, by which (a) the aggregate Subsidiary Interest Principal Balance of the Class S-1F and Class S-2F Interests exceeded the sum of the Group I Pool Scheduled Principal Balance plus the Pre-Funded Group I Amount, such excess to be allocated in accordance with the priorities described in Section 8.07(d)(iii) and (b) the aggregate Subsidiary Interest Principal Balance of the Class S-1V and Class S-2V Interests exceeded the sum of the Group II Pool Scheduled Principal Balance plus the Pre-Funded Group II Amount, such excess to be allocated in accordance with the priorities described in Section 8.07(e)(iii).

Examples of Subsidiary Interest Adjusted Principal Balance in a sentence

• Uncertificated Intermediate Interest Class I-AIO receives interest accrued at its Pass-Through Rate on the Subsidiary Interest Adjusted Principal Balance of (1) the Class S-2(1) Interest through and including the September 2002 Payment Date, (2) the Class S-2(2) Interest through and including the March 2003 Payment Date, (3) the Class S-2(3) Interest through and including the September 2003 Payment Date, and (4) the Class S-2(4) Interest through and including the March 2004 Payment Date.

More Definitions of Subsidiary Interest Adjusted Principal Balance

Subsidiary Interest Adjusted Principal Balance means, as to any Payment Date and each Class of Uncertificated Subsidiary Interests, the Subsidiary Interest Principal Balance of such Class less its allocable share of the amount, if any, by which the aggregate Subsidiary Interest Principal Balance of the Class S-1 and Class S-2 Interests exceeds the Pool Scheduled Principal Balance, such excess to be allocated sequentially; i.e., first to the Class S-1 Interest up to its Subsidiary Interest Principal Balance, then to the Class S-2(1) Interest any remaining excess, up to its Subsidiary Interest Principal Balance, and last to the Class S-2(4) Interest.

Subsidiary Interest Adjusted Principal Balance means, as to any ---------------------------------------------- Remittance Date and each Class of Uncertificated Subsidiary Interests, the Subsidiary Interest Principal Balance of