Basic Principal Distribution Amount definition

Basic Principal Distribution Amount. With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

Basic Principal Distribution Amount. With respect to any Distribution Date the amounts in clauses (b)(i) – (iv) of the definition of Principal Distribution Amount.

Basic Principal Distribution Amount. With respect to any Payment Date, the lesser of (a) the excess of (i) the Available Funds for such Payment Date over (ii) the aggregate amount of Accrued Bond Interest for the Bonds for such Payment Date and (b) the excess of (i) the Principal Remittance Amount for such Payment Date over (ii) the Overcollateralization Release Amount, if any, for such Payment Date.

Examples of Basic Principal Distribution Amount in a sentence

• Basic Principal Distribution Amount: With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

• The "PRINCIPAL DISTRIBUTION AMOUNT" for each distribution date will equal the sum of (i) the Basic Principal Distribution Amount for that distribution date and (ii) the Extra Principal Distribution Amount for that distribution date minus the excess of (i) the sum of the Net Swap Payments payable to the Supplemental Interest Trust by the Swap Provider over (ii) the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount for such distribution date.

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

• The “Group II Principal Distribution Amount” with respect to any Distribution Date is the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date multiplied by the Group II Allocation Percentage.

• The “Principal Distribution Amount” for each distribution date will equal the sum of (i) the Basic Principal Distribution Amount for that distribution date and (ii) the Extra Principal Distribution Amount for that distribution date minus the excess of (x) the sum of the Net Swap Payments payable to the Swap Provider over (y) the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount for such distribution date.

More Definitions of Basic Principal Distribution Amount

Basic Principal Distribution Amount means, with respect to any Distribution Date, the lesser of (a) the excess of (i) the Available Funds for such Distribution Date over (ii) the aggregate Monthly Interest Distributable Amount for the Certificates (other than the Class P, Class C and Class R Certificates) for such Distribution Date and (b) the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Overcollateralization Release Amount, if any, for such Distribution Date.

Basic Principal Distribution Amount. With respect to any Distribution Date, the positive excess, if any, of (x) the Principal Remittance Amount for such Distribution Date over (y) the Excess Overcollateralized Amount for such Distribution Date.

Basic Principal Distribution Amount. With respect to any Payment Date, the lesser of (a) the excess of (i) the Available Funds and the Insured Amount, if any, for such Payment Date over (ii) the aggregate amount of Accrued Bond Interest for the Bonds for such Payment Date and (b) the excess of (i) the Principal Remittance Amount for such Payment Date over (ii) the related Overcollateralization Release Amount, if any, for such Payment Date.

Basic Principal Distribution Amount. With respect to each Distribution Date, the lesser of:

Basic Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates immediately prior to such Distribution Date and (b) the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Overcollateralization Target Release Amount, if any, for such Distribution Date.

Basic Principal Distribution Amount means with respect to any Distribution Date, the excess (if any) of

Basic Principal Distribution Amount. As to any Distribution Date, is an amount equal to the Aggregate Principal Amount minus the Excess Overcollateralization Amount. Bloomberg: The on-line computer based information network maintained by Bloomberg L.P., or any successor thereto.