Undercollateralized Amount. As defined in Section 4.01(b)(iii).
Undercollateralized Amount. With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).
Undercollateralized Amount. With respect to any Distribution Date, the amount, if any, by which (i) the sum of the aggregate Certificate Principal Balances of the Class A Certificates, the Mezzanine Certificates and the Class B Certificates and the Uncertificated Principal Balance of the Class P Interest as of such Distribution Date (after giving effect to distributions to be made on such Distribution Date) exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period).
Examples of Undercollateralized Amount in a sentence
Bayes estimators are consistent in this case also (so long as the priors do not exclude a part of the parameter space), due to the asymptotic equiv- alence between the sampling distribution of the MLE and the posterior distribution (Section 3.1).
Also, the amount of any Class Unpaid Interest Shortfalls with respect to the Undercollateralized Group (including any Class Unpaid Interest Shortfalls for such Distribution Date) will be paid to the Undercollateralized Group pursuant to Section 5.02(a)(i) prior to the payment of any Undercollateralized Amount from amounts otherwise distributable as principal on the Subordinate Certificates pursuant to Section 5.02(a)(iv)(N), (L), (J), (H), (F), (D) and (B), in that order.
Also, the amount of any Class Unpaid Interest Shortfalls with respect to the Undercollateralized Group (including any Class Unpaid Interest Shortfalls for such Distribution Date) will be paid to the Undercollateralized Group in accordance with the priorities listed in Section 5.02(a)(i) prior to the payment of any Undercollateralized Amount from amounts otherwise distributable as principal on the Subordinate Certificates pursuant to 5.02(a)(iv)(L), (H), (F), (D) and (B), in that order.
More Definitions of Undercollateralized Amount
Undercollateralized Amount. With respect any Certificate Group in Loan Group II or Loan Group III and any Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Sub-Loan Group.
Undercollateralized Amount. On any Distribution Date, the excess of (x) the aggregate Class Certificate Balance of any Class or Classes of Senior Certificates related to a Loan Group immediately prior to such Distribution Date over (y) the aggregate Stated Principal Balance of the Mortgage Loans in its related Loan Group as of the beginning of the related Due Period.
Undercollateralized Amount. As to any Distribution Date and Loan Group II-1, the excess, if any, of the aggregate Certificate Principal Balance of the related Class A Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the Group II-1 Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group II-1, in each case before reduction for any Realized Losses on such Distribution Date. As to any Distribution Date and Loan Group II-2, the excess, if any, of the aggregate Certificate Principal Balance of the related Class A Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the Group II-2 Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group II-2, in each case before reduction for any Realized Losses on such Distribution Date. As to any Distribution Date and Loan Group II-3, the excess, if any, of the aggregate Certificate Principal Balance of the related Class A Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the Group II-3 Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group II-3, in each case before reduction for any Realized Losses on such Distribution Date. As to any Distribution Date and Loan Group II-4, the excess, if any, of the aggregate Certificate Principal Balance of the related Class A Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the Group II-4 Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group II-4, in each case before reduction for any Realized Losses on such Distribution Date.
Undercollateralized Amount. As defined in Section 5.02(b)(iv).
Undercollateralized Amount. As to any Distribution Date and any Loan Group within Collateral Pool I, the excess, if any, of the Certificate Principal Balance of the related Class A Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the related Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related Loan Group, in each case before reduction for any Realized Losses on such Distribution Date.
Undercollateralized Amount. With respect to any Payment Date, other than a Subordinated Transfer Payment Date, and either Loan Group, the excess, if any, of (x) the aggregate Bond Principal Balance of the related Bonds (after giving effect to distributions to such Bonds of the related Basic Principal Distribution Amount on such Payment Date), over (y) the aggregate Stated Principal Balance of the related Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the related Mortgage Loans incurred during the related Prepayment Period). For any Subordinated Transfer Payment Date and the Overcollateralized Loan Group, the amount, if any, by which (i) the sum of (x) the aggregate Bond Principal Balance of the related Bonds (after giving effect to distributions to such Bonds of the related Basic Principal Distribution Amount on such Payment Date) and (y) the Subordinated Transfer Realized Loss Amount, exceeds (ii) the aggregate Stated Principal Balance of the related Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the related Mortgage Loans incurred during the related Prepayment Period). For any Subordinated Transfer Payment Date and the Undercollateralized Loan Group, the amount, if any, by which (i)(x) the aggregate Bond Principal Balance of the related Bonds (after giving effect to distributions to such Bonds of the related Basic Principal Distribution Amount on such Payment Date) minus (y) the Subordinated Transfer Realized Loss Amount, exceeds (ii) the aggregate Stated Principal Balance of the related Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the related Mortgage Loans incurred during the related Prepayment Period).
Undercollateralized Amount. As to any Distribution Date and any Loan Group, the excess, if any, of the Certificate Principal Balance of the related Super Senior Certificates and the related Senior Support Certificates or the Component Principal Balance of the related Senior Support Component, as applicable, immediately prior to such Distribution Date over the sum of (i) the aggregate Scheduled Principal Balance of the related Mortgage Loans plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related Loan Group, in each case before reduction for any Realized Losses on such Distribution Date.