B-2 Principal Distribution Amount definition
B-2 Principal Distribution Amount. With respect to the Class 1-B-2 Certificates and any Distribution Date (i) prior to the Stepdown Date or on or after the Stepdown Date if a Trigger Event is in effect for that Distribution Date, the Group 1 Principal Distribution Amount for that Distribution Date remaining after distribution of the Class 1-A Principal Distribution Amount, the Class 1-M-1 Principal Distribution Amount, the Class 1-M-2 Principal Distribution Amount, the Class 1-M-3 Principal Distribution Amount, the Class 1-M-4 Principal Distribution Amount, the Class 1-M-5 Principal Distribution Amount, the Class 1-M-6 Principal Distribution Amount and the Class 1-B-1 Principal Distribution Amount or (ii) on or after the Stepdown Date if a Trigger Event is not in effect for that Distribution Date, the lesser of: o the Group 1 Principal Distribution Amount for that Distribution Date remaining after distribution of the Class 1-A Principal Distribution Amount, the Class 1-M-1 Principal Distribution Amount, the Class 1-M-2 Principal Distribution Amount, the Class 1-M-3 Principal Distribution Amount, the Class 1-M-4 Principal Distribution Amount, the Class 1-M-5 Principal Distribution Amount, the Class 1-M-6 Principal Distribution Amount and the Class 1-B-1 Principal Distribution Amount; and o the excess (if any) of (A) the sum of (1) the Class Principal Balance of the Class 1-B-2 Certificates immediately prior to that Distribution Date and (2) aggregate the Class Principal Balance of the Class 1-A, Class 1-M and Class 1-B-1 Certificates (after taking into account the payment of the Class 1-A, Class 1-M-1, Class 1-M-2, Class 1- M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-B-1 Principal Distribution Amounts for such Distribution Date) over (B) the lesser of (i) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Due Period multiplied by 98.00% and (ii) the amount, if any, by which (x) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Due Period exceeds (y) the Overcollateralization Target Amount.
B-2 Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Class Principal Amount of the Pool 1 Senior Certificates (after taking into account the payment of the Pool 1 Senior Principal Distribution Amount on such Distribution Date), (ii) the Class Principal Amount of the Class 1-M-1 Certificates (after taking into account the payment of the Class 1-M-1 Principal Distribution Amount on such Distribution Date), (iii) the Class Principal Amount of the Class 1-M-2 Certificates (after taking into account the payment of the Class 1-M-2 Principal Distribution Amount on such Distribution Date), (iv) the Class Principal Amount of the Class 1-B-1 Certificates (after taking into account the payment of the Class 1-B-1 Principal Distribution Amount on such Distribution Date) and (v) the Class Principal Amount of the Class 1-B-2 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 98.00% and (ii) the Pool 1 Aggregate Collateral Balance as of the last day of the related Due Period and (B) the Pool 1 Aggregate Collateral Balance as of the last day of the related Due Period minus the Pool 1 Overcollateralization Floor.
B-2 Principal Distribution Amount. For any Distribution Date, the excess of (x) the sum of (A) the aggregate Class Principal Balance of the Group 3-A, Class 3-M-1, Class 3-M-2, Class 3-M-3, Class 3-M-4 and Class 3-B-1 Certificates (after taking into account any payment of the Group 3-A, Class 3-M-1, Class 3-M-2, Class 3-M-3, Class 3-M-4 and Class 3-B-1 Principal Distribution Amounts on such Distribution Date) and (B) the Class 3-B-2 Principal Balance immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 97.7% and (ii) the aggregate Stated Principal Balance of the Group 3 Loans on such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Group 3 Loans on such Distribution Date over 0.35% of the aggregate principal balance of the Group 3 Loans as of the Cut-Off Date. Class 3-B-2-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein.