Accrual Distribution Amount definition

Accrual Distribution Amount. As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

Accrual Distribution Amount. As to any Distribution Date prior to the Accretion Termination Date and the Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of the Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of the Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a) on such Distribution Date. As to any Distribution Date on or after the Accretion Termination Date, zero.

Accrual Distribution Amount. With respect to any Distribution Date on or prior to the Accretion Termination Date, an amount equal to the amount of the Accrued Certificate Interest on the Accrual Certificates that is added to the Certificate Principal Balance thereof on such Distribution Date pursuant to Section 4.02(h).

Examples of Accrual Distribution Amount in a sentence

• On each Distribution Date, the Trustee will be deemed to distribute the principal portion of the REMIC Distribution Amount for the related Group to reduce the Uncertificated Balance of the Class 3A1 Interest, Class 3A2 Interest and Class 3A3 Interest until the Uncertificated Balances equal the Class Balances of the Corresponding Certificates and will increase the Uncertificated Balance of the Class 3A3 Interest to the extent of any Class 3-A-3 Accrual Distribution Amount.

• On each Distribution Date occurring prior to the Accretion Termination Date, for the Class A-13 Certificates, the Accrual Distribution Amount for the Class A-13 Certificates will be allocated sequentially as follows: first, sequentially, pursuant to priorities III.

• On each Distribution Date occurring prior to the Accretion Termination Date for the Class A-2 Certificates, the Accrual Distribution Amount will be allocated, sequentially, to the Class A-1 and Class A-2 Certificates.

• On each Distribution Date, the Trustee will be deemed to distribute the principal portion of the REMIC Distribution Amount for the related Group to reduce the Uncertificated Balance of the Class 1A1 Interest, Class 1A2 Interest and Class 1A3 Interest until the Uncertificated Balances equal the Class Balances of the Corresponding Certificates and will increase the Uncertificated Balance of the Class 1A3 Interest to the extent of any Class 1-A-3 Accrual Distribution Amount.

• In a minority church MAT, ODBE appoints a number of Trustees directly.

More Definitions of Accrual Distribution Amount

Accrual Distribution Amount. The Class A-6 Accrual Distribution Amount or the Class A-7 Accrual Distribution Amount.

Accrual Distribution Amount. With respect to each Distribution Date prior to the Accretion Termination Date, an amount equal to the amount of Accrued Certificate Interest on the Class A-4 Certificates for such date, to the extent added to the Certificate Principal Balance thereof pursuant to Section 4.01(f); provided that, with respect to each Distribution Date on or after the Accretion Termination Date, an amount equal to the amount of the Accrued Certificate Interest on the Class A-4 Certificates for such date will be payable, as interest, to the Class A-4 Certificateholders pursuant to Section 4.01(c)(i) hereof, to the extent not required to fully reduce the aggregate Certificate Principal Balance of the Class A-1 Certificates and Class A-2 Certificates to zero on the Accretion Termination Date; and provided further, that if the Accretion Termination Date is the Credit Support Depletion Date, the entire amount of Accrued Certificate Interest for that date will be payable to the Class A-4 Certificateholders pursuant to Section 4.01(c)(i) hereof.

Accrual Distribution Amount. For any Distribution Date and any Class of Accrual Certificates prior to the applicable Accretion Termination Date, an amount with respect to such Class equal to the sum of (i) the amount allocated but not currently distributable as interest to such Class pursuant to Section 5.02(a)(i) that is attributable to clause (i) of the definition of "Interest Distribution Amount" and (ii) the amount allocated but not currently distributable as interest to such Class pursuant to Section 5.02(a)(i) that is attributable to clause (ii) of the definition of "Interest Distribution Amount."

Accrual Distribution Amount. With respect to the Class A-5 Certificates, the Class A-5 Accrual Distribution Amount and with respect to the Class A-6 Certificates, the Class A-6 Accrual Distribution Amount.

Accrual Distribution Amount. With respect to each Distribution Date, the sum of the Class I-A-7 Accrual Distribution Amount and the Class I-A-8 Accrual Distribution Amount.

Accrual Distribution Amount. Any of the Class A-II-3 Accrual Distribution Amount, Class A-III-5 Accrual Distribution Amount or Class A-III-7 Accrual Distribution Amount.

Accrual Distribution Amount. With respect to each Distribution Date prior to the Accretion Termination Date, an amount equal to the aggregate amount of Accrued Certificate Interest on the Class A-9 Certificates for such date, to the extent added to the amount thereof pursuant to Section 4.02(g); provided that, with respect to each Distribution Date on or after the Class A-9 Accretion Termination Date, the Accrued Certificate Interest on the Class A-9 Certificates for such date remaining after reduction of the Certificate Principal Balance of the Class A-7 Certificates and Class A-8 Certificates will be payable to the Class A-9 Certificateholders as interest pursuant to Section 4.02(a)(i) hereof on the Accretion Termination Date; and provided further, that if the Accretion Termination Date is the Credit Support Depletion Date, the entire amount of Accrued Certificate Interest on the Class A-9 Certificates for that date will be payable as interest to the Class A-9 Certificateholders pursuant to Section 4.02(a)(i) hereof.