Certificate Principal Distribution Amount. For each Distribution Date with respect to a Trust, the aggregate of the principal payments for all Mortgage Loans included in the related Pool (or for which payment has been received as provided in Section 2.7) for which the Stated Principal Balance has not been reduced to zero, consisting, without duplication, of:
Certificate Principal Distribution Amount shall not cause a further reduction in the Class A-P Class Principal Balance. Notwithstanding the foregoing, the amount paid on any Distribution Date in respect of Deferred Principal Amounts or Discount Fractional Principal Shortfalls will be applied to reduce the Class Principal Balances of the Subordinate Certificates in inverse order of seniority. The Class Principal Balance for the Class A-1 Certificates shall be referred to as the "Class A-1 Principal Balance", the Class Principal Balance for the Class A-2 Certificates shall be referred to as the "Class A-2 Principal Balance" and so on. The Class Principal Balance of the Interest Only Certificates shall be zero.
Certificate Principal Distribution Amount shall not cause a further reduction in the Class IIA-P Class Principal Balance. The Class Principal Balance for the Class IA-1 Certificates shall be referred to as the "Class IA-1 Principal Balance", the Class Principal Balance for the Class IA-2 Certificates shall be referred to as the "Class IA-2 Principal Balance" and so on. The Class Principal Balance of the Interest Only Certificates shall be zero.
Examples of Certificate Principal Distribution Amount in a sentence
Adjustments may be made in subsequent payments as provided in the definitions of Certificate Interest Distribution Amount and Certificate Principal Distribution Amount.
For each Distribution Date with respect to a Trust, the sum of the Certificate Interest Distribution Amount (determined without giving effect to any Loss Mitigation Alternative or other loan modification) and the Certificate Principal Distribution Amount for that Trust.
More Definitions of Certificate Principal Distribution Amount
Certificate Principal Distribution Amount shall not cause a further reduction in the Component 1A-P-1 Component Principal Balance, Component 1A-P-2 Component Principal Balance, Component 2A-P-1 Component Principal Balance or Component 2A-P-2 Component Principal Balance, respectively. The Component Principal Balance for Component IM-1 shall be referred to as the "Component IM-1 Principal Balance", the Component Principal Balance for Component IM-2 shall be referred to as the "Component IM-2 Principal Balance" and so on. The Component Principal Balance of the Interest Only Components shall be zero.
Certificate Principal Distribution Amount. For each Distribution Date with respect to a Trust, the aggregate of the principal payments for all Mortgage Loans included in the related
Certificate Principal Distribution Amount. With respect to any Distribution Date, the aggregate of (i) the Current Certificate Principal Distribution Amount for such Distribution Date and (ii) if such Distribution Date is after the initial Distribution Date, the excess, if any, of the Certificate Principal Distribution Amount for the preceding Distribution Date, over the aggregate distributions of principal made on the Principal Balance Certificates in respect of such Certificate Principal Distribution Amount on the preceding Distribution Date.
Certificate Principal Distribution Amount. With respect to the Class I-PO Certificates and Class II-PO Certificates and each Distribution Date, an amount equal to the sum, without duplication, of:
Certificate Principal Distribution Amount shall not cause a further reduction in the Class A-P
Certificate Principal Distribution Amount shall not cause a further reduction in the Class IA-P or Class IIA-P Class Principal Balance, as applicable. Notwithstanding the foregoing, the amount paid on any Distribution Date in respect of Deferred Principal Amounts or Group I Discount Fractional Principal Shortfalls will be applied to reduce the Class Principal Balances of the Group I Subordinate Certificates in inverse order of seniority. Similarly, the amount paid on any Distribution Date in respect of Group II Discount Fractional Principal Shortfalls will be applied to reduce the Class Principal Balances of the Group II Subordinate Certificates in inverse order of seniority. The Class Principal Balance for the Class IA-1 Certificates shall be referred to as the "Class IA-1 Principal Balance", the Class Principal Balance for the Class IA-2 Certificates shall be referred to as the "Class IA-2 Principal Balance" and so on. The Class Principal Balance of the Interest Only Certificates shall be zero.
Certificate Principal Distribution Amount shall not cause a further reduction in the Component IA-12-6