Basic Distribution Amount definition

Basic Distribution Amount. Principal Distribution Amount and (ii) the Extra Principal Distribution Amount. Basic Principal On any Distribution Date, the excess of (i) the principal Distribution aggregate remittance amount over (ii) the Excess Amount: Subordinated Amount, if any. Net Monthly Excess For any Distribution Date is the amount of funds Cashflow: available for distribution on such Distribution Date remaining after making all distributions of interest and principal on the certificates. Extra Principal For any Distribution Date, the lesser of (i) the excess Distribution Amount: of (x) interest collected or advanced with respect to the Mortgage Loans with due dates in the related Due Period (less servicing and trustee fees and expenses), over (y) the sum of interest payable on the Certificates on such Distribution Date and (ii) the overcollateralization deficiency amount for such Distribution Date.
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Basic Distribution Amount means $0.725625; provided, however, that such amount will be adjusted appropriately to account for any unit splits, combinations or other similar events with respect to the SCUs.
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Basic Distribution Amount means $0.725625 (but shall mean $0.3628125 after the 6/15/05 Stock Split); provided, however, that such amount will be adjusted appropriately to account for any further unit splits, combinations or other similar events with respect to the SCUs.
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Examples of Basic Distribution Amount in a sentence

  • Until the earlier to occur of (i) June 1, 2020 or (ii) the date upon which the L-SCU Threshold is met, holders of the L-SCUs shall be entitled to receive distributions equal to the L-SCU Basic Distribution Amount as provided in Section 6.2(c)(ii) of the Partnership Agreement.

  • For purposes hereof, the term "Distribution Benchmark" shall mean when the quarterly distributions paid over a period of twelve (12) consecutive quarters pursuant to Sections 6.2(b)(ii) and (iii) of the Partnership Agreement per S-SCU then outstanding shall have equaled or exceeded 130% of the S-SCU Basic Distribution Amount.

  • For purposes hereof, the term "Distribution Benchmark" shall mean when the quarterly distributions paid over a period of four (4) consecutive quarters pursuant to Sections 6.2(d)(ii) and (iii) of the Partnership Agreement per K-SCU then outstanding shall have equaled or exceeded the K-SCU Basic Distribution Amount.

  • Principal On any Distribution Date, the sum of (i) the Basic Distribution Amount: Principal Distribution Amount and (ii) the Extra Principal Distribution Amount.

  • For purposes hereof, the term “Distribution Benchmark” shall mean when the quarterly distributions paid over a period of twelve (12) consecutive quarters pursuant to Subsections 6.2(b)(ii) and (iii) of the Partnership Agreement per S-SCU then outstanding shall have equaled or exceeded 130% of the S-SCU Basic Distribution Amount.

  • For purposes hereof, the term “Distribution Benchmark” shall mean when the quarterly distributions paid over a period of four (4) consecutive quarters pursuant to Subsections 6.2(e)(ii) and (iii) of the Partnership Agreement per K-SCU then outstanding shall have equaled or exceeded the K-SCU Basic Distribution Amount.

  • Until the earlier to occur of (i) June 1, 2020 or (ii) the date upon which the L-SCU Threshold is met, holders of the L-SCUs shall be entitled to receive distributions equal to the L-SCU Basic Distribution Amount as provided in Subsection 6.2(c)(ii) of the Partnership Agreement.


More Definitions of Basic Distribution Amount

Basic Distribution Amount means $0.725625 (but shall mean $0.3628125 after the 6/15/05 Stock Split); provided, however, that such amount will be adjusted approximately to account for any further unit. splits, combinations or other similar events with respect to the SCUs. "Beneficial Ownership" shall have the meaning set forth in the certificate of incorporation of the Company. "Capital Account" shall mean, with respect to any partner, the separate "book" account which the Partnership shall establish and maintain for such Partner in accordance with Section 704(b) of the Code and Section 1.704-1(b) (2) (iv) of the Regulations and such other provisions of Section 1.704-1(b) of the Regulations that must be complied with in order for the Capital Accounts to be determined in accordance with the provisions of said Regulations. In furtherance of the foregoing, the Capital Accounts shall be maintained in compliance with Section 1.704-1 (b) (2) (iv) of the Regulations; and the provisions hereof shall be interpreted and applied in a manner consistent therewith. In the event that a Partnership Unit is transferred in accordance with the terms of this Agreement, the Capital Account, at the time of the transfer, of the transferor attributable to the transferred interest shall carry over to the transferee. For the avoidance of doubt, distributions pursuant to an exercise for an option set forth in a JRI Option Agreement entered into in connection with the Master Contribution Agreement shall not result in
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Related to Basic Distribution Amount

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).