Senior Principal Distribution Amount. 42 -vii- TABLE OF CONTENTS (continued) Page ---- Senior Subordinate Certificates...............................................................42 Servicer .....................................................................................42 Servicing Fee.................................................................................42 Servicing Officer.............................................................................43
Senior Principal Distribution Amount. As of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect, the lesser of (i) the Principal Distribution Amount for that Distribution Date and (ii) the excess, if any, of (A) the sum of the Class Certificate Balances of the Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (1) the product of (x) 40.40% and (y) the Pool Principal Balance as of the last day of the related Due Period and (2) the Pool Principal Balance as of the last day of the related Due Period minus the product of (x) 0.50% and (y) the Cut-off Date Pool Principal Balance. As of any date of determination thereof, 59.60%.
Senior Principal Distribution Amount. 35 SENIOR SPECIFIED ENHANCEMENT PERCENTAGE 35 SERVICER............................... 35
Senior Principal Distribution Amount. As of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect, the lesser of (i) the Principal Distribution Amount for that Distribution Date and (ii) the excess, if any, of (A) the sum of the Class Certificate Balances of the Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (1) the product of (x) 38.20% and (y) the Aggregate Trust Fund Principal Balance as of the last day of the related Due Period and (2) the Aggregate Trust Fund Principal Balance as of the last day of the related Due Period minus the product of (x) 0.50% and (y) the Initial Aggregate Trust Fund Principal Balance. As of any date of determination thereof, 61.80%.
Senior Principal Distribution Amount. 26 Servicer ........................................................... 26
Senior Principal Distribution Amount. 24 Senior Step Down Conditions.......................................................25
Senior Principal Distribution Amount. 41 TABLE OF CONTENTS (continued)
Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(a)(i) and (II)(a)(i) of the definition of “REMIC II Distribution Amount”), (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(a)(i) and (II)(a)(i) of the definition of “REMIC II Distribution Amount”) and (c) the Group 1 Senior Liquidation Amount.
Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the Senior Percentage of all amounts described in clauses (a) through (d) of the definition of "Formula Principal Amount" for such Distribution Date, (ii) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the lesser of (x) the Senior Percentage of the Stated Principal Balance of such Mortgage Loan and (y) either (A) the Senior Prepayment Percentage, or (B) if an Excess Loss was sustained with respect to such Liquidated Mortgage Loan during such prior calendar month, the Senior Pro Rata Percentage, of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (iii) the Senior Prepayment Percentage of the amounts described in clause (f) of the definition of "Formula Principal Amount" for such Distribution Date; provided, however that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Senior Principal Distribution Amount will be reduced on the related Distribution Date by the Senior Pro Rata Percentage of the principal portion of such Bankruptcy Loss.
Senior Principal Distribution Amount. For any Distribution Date prior to the Stepdown Date for Group 2 or on which a Trigger Event for Group 2 is in effect, the Group 2 Principal Distribution Amount for such Distribution Date; for all other Distribution Dates, the lesser of (x) the Group 2 Principal Distribution Amount and (y) the Group 2 Class A Principal Balance minus the lesser of (A) the Pool Balance of Pool 2 minus the OC Floor Amount for Group 2 and (B) [**]% of the Pool Balance of Pool 2.
