Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in each case, after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-5 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 71.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-6 Pass-Through Rate: With respect to the initial Interest Accrual Period, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Net Funds Cap.
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Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-3)
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has is not occurred in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, R and Class A-RL, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in each case, RL Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-5 M-1 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 71.4053.14% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-6 M-2 Pass-Through Rate: With respect to the initial Interest Accrual PeriodPeriod (a) on or prior to the Optional Termination Date, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) 5.5906% per annum and (ii) the sum Net Funds Cap, and (b) after the Optional Termination Date, the lesser of LIBOR plus the related Certificate Margin (i) 6.0906% per annum and (ii) the Net Funds Cap.
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Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-4)
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has is not occurred in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3 M-3, Class M-4 and Class M-4 Certificates, in each case, M-5 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-5 M-6 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 71.4079.38% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-6 M-7 Pass-Through Rate: With respect to the initial Interest Accrual PeriodPeriod (a) on or prior to the Optional Termination Date, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) 5.7657% per annum and (ii) the sum Net Funds Cap, and (b) after the Optional Termination Date, the lesser of LIBOR plus the related Certificate Margin (i) 6.2657% per annum and (ii) the Net Funds Cap.
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Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-4)
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has is not occurred in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the A-1, Class A-1A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3 RL and Class M-4 Certificates, in each case, M-1 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-5 M-2 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 71.4063.50% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-6 M-3 Pass-Through Rate: With respect to the initial Interest Accrual PeriodPeriod (a) on or prior to the Optional Termination Date, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) 5.5392% per annum and (ii) the sum Net Funds Cap, and (b) after the Optional Termination Date, the lesser of LIBOR plus the related Certificate Margin (i) 6.0392% per annum and (ii) the Net Funds Cap.
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Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-4)