Group II Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.
Group II Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the principal portion of each Monthly Payment due on the Group II Mortgage Loans during the related Due Period, whether or not received on or prior to the related Determination Date; (ii) the Stated Principal Balance of any Group II Mortgage Loan that was purchased during the related Prepayment Period pursuant to or as contemplated by Section 2.03 or Section 9.01 and the amount of any shortfall deposited in the Collection Account in connection with the substitution of a Deleted Mortgage Loan pursuant to Section 2.03 during the related Prepayment Period; (iii) the principal portion of all other unscheduled collections (including, without limitation, Principal Prepayments, Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries and REO Principal Amortization) received on the Group II Mortgage Loans during the related Prepayment Period, net of any portion thereof that represents a recovery of principal for which an Advance was made by the Servicer pursuant to Section 4.03 in respect of a preceding Distribution Date and (iv) the Group II Allocation Percentage of any Overcollateralization Increase Amount for such Distribution Date minus (v) the Group II Allocation Percentage of any Overcollateralization Reduction Amount for such Distribution Date. In no event will the Principal Distribution Amount with respect to any Distribution Date be (x) less than zero or (y) greater than the then outstanding aggregate Certificate Principal Balance of the Floating Rate Certificates.
Group II Principal Distribution Amount. With respect to any Distribution Date, the product of the Principal Distribution Amount for such Distribution Date and a fraction, the numerator of which is the Principal Funds for Loan Group II for such Distribution Date and the denominator of which is the Principal Funds for both Loan Groups for such Distribution Date.
Examples of Group II Principal Distribution Amount in a sentence
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The Group II Principal Distribution Amount is simply Group II’s share of the Principal Funds, excluding overcollateralization release, which is not relevant here.
More Definitions of Group II Principal Distribution Amount
Group II Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the sum of (i) the excess of (x) Group II Available Distribution Amount over (y) the Group II Interest Distribution Amount, and (ii) any Group I Excess Cash Flow used to pay principal on the Class A-II Certificates and Class M-II Certificates pursuant to Section 4.02(c), and (b) the sum of:
Group II Principal Distribution Amount. With respect to each Distribution Date, an amount equal to (i) the Principal Funds for Loan Group II for such Distribution Date, plus (ii) any Extra Principal Distribution Amount with respect to Loan Group II for such Distribution Date, minus (iii) any Group II Overcollateralization Release Amount for such Distribution Date.
Group II Principal Distribution Amount. As to any Payment Date, the portion of the Principal Distribution Amount attributable to the Group II Mortgage Loans, determined in accordance with the Class A Principal Allocation Percentage for the Class A-2 Notes.
Group II Principal Distribution Amount. As of any Payment Date, the sum of (i) the Group II Principal Remittance Amount (minus, for Payment Dates occurring on and after the Group II Stepdown Date and with respect to which a Trigger Event is not in effect, the Group II Overcollateralization Release Amount, if any) and (ii) the Group II Extra Principal Distribution Amount, if any.
Group II Principal Distribution Amount. With respect to the Class A-2 Certificates for any Payment Date, the lesser of:
Group II Principal Distribution Amount. With respect to any Distribution Date, the lesser of (i) the ARM Principal Distribution Amount for that Distribution Date and (ii) the aggregate of the Certificate Principal Balances of the Group II Certificates immediately prior to that Distribution Date.