Common use of Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx Clause in Contracts

Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx. Xx each Distribution Date, the Group 2 Principal Distribution Amount shall be distributed as principal of the following Classes in the following order of priority: (i) sequentially to the Class 11-G and Class 11-H Certificates, in that order, until the Class Certificate Principal Balances thereof are reduced to their respective Targeted Principal Balances for such Distribution Date; (ii) concurrently, to the Class 11-F and Class 11-S Certificates, in proportion to their original Class Certificate Principal Balances (or 77.7777777778% and 22.2222222222%, respectively), until the Class Certificate Principal Balances thereof are reduced to zero; (iii) sequentially, to the Class 11-G and Class 11-H Certificates, in that order, without regard to their Targeted Principal Balances and until the respective Class Certificate Principal Balances thereof are reduced to zero; and (iv) to the Class 11-J Certificates until the Class Certificate Principal Balance thereof is reduced to zero. On each Distribution Date, the Group 3 Accrual Amount, if any, shall be distributed, sequentially, as principal of the Class 11-U, Class 11-V and Class 11-AB Certificates in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero, and thereafter to the Class 11-Z Certificates.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx. Xx each Distribution Date, the Group 2 Principal Distribution Amount shall be distributed as principal of the following Classes Group 2 Certificates, in the following order of priority: (i) sequentially sequentially, to the Class 1113-G PA, Class 13-PB, Class 13-PC, Class 13-PD, Class 13-PE and Class 1113-H PG Certificates, in that order, until the Class Certificate Principal Balances thereof are reduced to their respective Targeted Planned Principal Balances for such Distribution Date; (ii) concurrently, to the Class 1113-F and Class 11-S Certificates, in proportion to their original Class Certificate Principal Balances (or 77.7777777778% and 22.2222222222%, respectively), until the Class Certificate Principal Balances thereof are reduced to zero; (iii) sequentially, to the Class 11-G and Class 11-H Certificates, in that order, without regard to their Targeted Principal Balances and until the respective Class Certificate Principal Balances thereof are reduced to zero; and (iv) to the Class 11-J M Certificates until the Class Certificate Principal Balance thereof is reduced to zero. On each its Scheduled Principal Balance for such Distribution Date; (iii) concurrently, to the Group 3 Accrual AmountClass 13-FA1 Component and the Class 13-AP1 Component, if anyin proportion to their original principal balances, shall be distributedwithout regard to their respective Scheduled Principal Balances, and until their principal balances thereof are reduced to zero; (iv) concurrently, to the Class 13-FA1 Component and the Class 13-AP1 Component, in proportion to their original principal balances (or 73.6839933993% and 26.0000000000%, respectively), until their principal balances are reduced to their respective Scheduled Principal Balances for such Distribution Date; (v) concurrently, to the Class 13-FA2 Component and the Class 13-AP2 Component, in proportion to their original principal balances (or 73.6839185666% and 26.3160814334%, respectively), until their principal balances are reduced to zero; (vi) to the Class 13-M Certificates, without regard to its Scheduled Principal Balance and until the Class Certificate Principal Balance thereof is reduced to zero; (vii) concurrently, to the Class 13-FA1 Component and the Class 13-AP1 Component, in proportion to their original principal balances, without regard to their respective Scheduled Principal Balances, and until their principal balances thereof are reduced to zero; and (viii) sequentially, as principal of to the Class 1113-UPA, Class 1113-V PB, Class 13-PC, Class 13-PD, Class 13-PE and Class 1113-AB Certificates PG Certificates, in that order, without regard to their respective Planned Principal Balances, and until the respective their Class Certificate Principal Balances thereof are reduced to zero, and thereafter to the Class 11-Z Certificates.

Appears in 1 contract

Samples: Trust Agreement

Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx. Xx each applicable Distribution Date, the Group 2 1 Principal Distribution Amount shall will be distributed as principal of the following Classes Group 1 Classes, in the following order of priority: (i) sequentially concurrently, to the Class 11-G PA Class, the Segment Group (as defined below) and Class 11-H Certificatesthe FA1 Component, in that orderthe proportions of 16.0000000000%, 28.0146403963% and 55.3186891407%, respectively, until the Class Certificate Principal Balances thereof principal balances of the PA Class, the Segment 1 Balance and the FA1 Component are reduced to their respective Targeted Principal Planned Balances for such Distribution Date; (ii) concurrently, to the PB Class 11-F and the Segment Group, in the proportions of 88.7955180965% and 11.2044819035%, respectively, until the principal balance of the PB Class 11-S Certificatesand the Segment II Balance are reduced to their respective Planned Balances for such Distribution Date; (iii) 50% of the remaining amount, sequentially, to the PC, PD, PE, PF and PG Classes, in that order, until the principal balances thereof are reduced to their respective Planned Balances for such Distribution Date; and (iv) 50% of such remaining amount, sequentially, to the PJ, PH and PG Classes, in that order, until the principal balances thereof are reduced to their respective Planned Balances for such Distribution Date; (v) concurrently, to the FA2 Component, the Segment Group and the SA Class, in the proportions of 55.3186935773%, 28.0146397560% and 16.0000000000%, respectively, until the principal balances of the FA2 Component, the Segment III Balance and the SA Class are reduced to zero; (vi) concurrently, to the FB and SB Classes, in proportion to their original Class Certificate Principal Balances principal balances (or 77.777777777883.3333333333% and 22.222222222216.0000000000%, respectively), until the Class Certificate Principal Balances principal balances thereof are reduced to zero; (iiivii) concurrently, to the PA Class, the Segment Group and the FA1 Component, in the proportions of 16.0000000000%, 28.0146403963% and 55.3186891407%, respectively, without regard to their Planned Balances and until the principal balance of the PA Class, the Segment I Balance and the principal balance of the FA1 Component are reduced to zero; (viii) concurrently, to the PB Class and the Segment Group, in the proportions of 88.7955180965% and 11.2044819035%, respectively, without regard to their Planned Balances and until the principal balance of the PB Class and the Segment II Balance are reduced to zero; and (ix) 50% of the remaining amount, sequentially, to the Class 11-G PC, PD, PE, PF and Class 11-H CertificatesPG Classes, in that order, without regard to their Targeted Principal Planned Balances and until the respective Class Certificate Principal Balances principal balances thereof are reduced to zero; and (ivx) 50% of such remaining amount, sequentially, to the PJ, PH and PG Classes, in that order, without regard to their Planned Balances and until the respective principal balances thereof are reduced to zero. The “Segment Group” consists of the FD and FC Classes, and any distribution of principal to the Segment Group will be made in the following order of priority: (i) to the Class 11-J Certificates FD Class, until the Class Certificate Principal principal balance thereof is reduced to its Targeted Balance for such Distribution Date; (ii) to the FC Class, until the principal balance thereof is reduced to zero. On each Distribution Date; and (iii) to the FD Class, the Group 3 Accrual Amount, if any, shall be distributed, sequentially, as principal of the Class 11-U, Class 11-V without regard to its Targeted Balance and Class 11-AB Certificates in that order, until the respective Class Certificate Principal Balances principal balance thereof are is reduced to zero, and thereafter to the Class 11-Z Certificates.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx. Xx each Distribution Date, the Group 2 1 Principal Distribution Amount shall will be distributed as principal of the following Classes Group 1 Certificates in the following order of prioritypriority set forth below: (a) Commencing in October 1999, on each Distribution Date, concurrently, to the Class 42-LL and Class 42-C Certificates, in proportion to their original Class Certificate Principal Balances (or 94.0000000000% and 5.0035435861%, respectively), an amount equal to the lesser of (x) the Group 1 Principal Distribution Amount and (y) $14,110. (b) Commencing in October 1996, on each Distribution Date as follows: (i) sequentially sequentially, to the Class 1142-G A and Class 1142-H B Certificates, in that order, until the Class Certificate Principal Balances thereof are reduced to their respective Targeted Principal Balances for such Distribution Date; (ii) concurrently, to the Class 1142-LL and Class 42-C Certificates in proportion to their original Class Certificate Principal Balances (or 94.0000000000% and 5.0035435861%, respectively), until the Class Certificate Principal Balances thereof are reduced to their respective Targeted Principal Balances for such Distribution Date; (iii) concurrently, to the Class 42-F and Class 1142-S Certificates, in proportion to their original Class Certificate Principal Balances (or 77.777777777879.1666666667% and 22.222222222220.0000000000%, respectively), ) until the Class Certificate Principal Balances thereof are reduced to zero; (iiiiv) sequentially, to the Class 1142-G A and Class 1142-H B Certificates, in that order, without regard to their Targeted Principal Balances and until the respective Class Certificate Principal Balances thereof are reduced to zero; and (ivv) concurrently, to the Class 1142-LL and Class 42-C Certificates, in proportion to their original Class Certificate Principal Balances, without regard to their Targeted Principal Balances and until the Class Certificate Principal Balances thereof are reduced to zero. Xx each Distribution Date, 19.2307692308% of the Class 1994-36-C Principal Distribution Amount shall be distributed as principal of the Class 42-J Certificates Certificates, until the Class Certificate Principal Balance thereof is reduced to zero. On each Distribution Date, the Group 3 Accrual Amount, if any, shall sum of (x) 00.0000000000% of the Class 1994-36-C Principal Distribution Amount and (y) 100% of the Class 1994-36-LA Principal Distribution Amount will be distributed, sequentially, distributed as principal of the Class 1142-U, Class 11-V G and Class 1142-AB H Certificates in that orderthe following order of priority: (i) to the Class 42-G Certificates, until the respective Class Certificate Principal Balances Balance thereof are is reduced to its Scheduled Principal Balance for such Distribution Date; (ii) to the Class 42-H Certificates, until the Class Certificate Principal Balance thereof is reduced to zero, and thereafter ; and (iii) to the Class 1142-Z G Certificates, without regard to their Scheduled Principal Balance and until the Class Certificate Principal Balance thereof is reduced to zero.

Appears in 1 contract

Samples: Trust Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!