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

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

• The Basic Principal Distribution Amount shall be allocated 99% to the Class II-Q Certificate and 1% to the Class II-A-1, Class II-A-2, Class II-M-1, Class II-M-2 and Class II-B Interests until paid in full.

• The aggregate amount of the Basic Principal Distribution Amount allocated to the Class II-A-1, Class II-A-2, Class II-M-1, Class II-M-2 and Class II-B Interests shall be apportioned among such classes in the same manner as such amount is payable with respect to the Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificates, respectively.

• Basic Principal Distribution Amount ----------------------------------- With respect to any Distribution Date and any Group, the amount by which (a) the Principal Remittance Amount for that Group for that Distribution Date exceeds (b) the product of (i) the Overcollateralization Release Amount, if any, for that Distribution Date and (ii) the Allocation Percentage for that Group for that Distribution Date.

• Principal Distribution Amount ----------------------------- With respect to any Distribution Date and any Group, the sum of (a) the Basic Principal Distribution Amount for that Group for that Distribution Date and (b) the product of the Extra Principal Distribution Amount for that Distribution Date and the Allocation Percentage for that Group for that 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. As to any Payment Date, the excess of (i) the aggregate Principal Remittance Amount over (ii) the Excess Subordinated Amount, if any.

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 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. With respect to any Payment Date and either Loan Group, the excess, if any, of the lesser of (a) the excess of (i) the related Available Funds for such Payment Date over (ii) the aggregate amount of Accrued Note Interest for the Notes related to such Loan Group for such Payment Date and (b) the excess of (i) the related Principal Remittance Amount for such Payment Date over (ii) the related Overcollateralization Release Amount.

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