Class A-3 Principal Distribution Amount. The excess of (x) the Certificate Principal Balance of the Class A-3 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 63.00% and (ii) the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $1,125,786.43.

Class A-3 Principal Distribution Amount. With respect to the Class A-3 Certificates for any Distribution Date prior to the Class A-2 Certificate Termination Date, zero. On the Class A-2 Certificate Termination Date, the lesser of (i) the excess of (x) the Remaining Principal Distribution Amount as of the Class A-2 Certificate Termination Date over (y) the Class A-2 Certificate Principal Balance on the Class A-2 Certificate Termination Date before making distributions on such date and (ii) the Class A-3 Certificate Principal Balance. With respect to the Class A-3 Certificates for any Distribution Date following the Class A-2 Certificate Termination Date, the lesser of (x) the Remaining Principal Distribution Amount as of such Distribution Date and (y) the Class A-3 Certificate Principal Balance as of such Distribution Date. On the Class A-3 Certificate Termination Date any remaining portion of the Remaining Principal Distribution Amount shall be distributed with respect to the Class A-4 Certificates.

Class A-3 Principal Distribution Amount. With respect to any Payment Date following the Class A-2 Termination Date, an amount equal to the lesser of (x) the Remaining Group I Principal Distribution Amount for such Payment Date and (y) the amount necessary to reduce the Class A-3 Principal Balance (as it was immediately prior to such Payment Date) to zero. On the Class A-2 Termination Date any portion of the Remaining Group I Principal Distribution Amount for such Payment Date remaining on such Payment Date following the reduction to zero of the Class A-2 Principal Balance shall be distributed as the initial principal distribution on the Class A-3

Examples of Class A-3 Principal Distribution Amount in a sentence

Payment of Class A-3 Principal Distribution Amount from Reserve Account Draw Amount $ - 7.
Payment of Class A-3 Principal Distribution Amount As First Priority Principal Payment Account $ - 5.
Payment of Class A-3 Principal Distribution Amount from Available Funds $ -- 7.
Payment of Class A-3 Principal Distribution Amount from Priority Note Principal Payment Account $ -- 6.
Payment of Class A-3 Principal Distribution Amount from Reserve Account $ -- 8.

More Definitions of Class A-3 Principal Distribution Amount

Class A-3 Principal Distribution Amount. With respect to the Class A-3 Certificates for any Distribution Date, the lesser of (x) the Principal Distribution Amount for Mortgage Loan Group II for such Distribution Date (net of the Class A-2 Principal Distribution Amount) or (y) the Class A-3 Certificate Principal Balance as of such Distribution Date.

Class A-3 Principal Distribution Amount. With respect to the Class A-3 Certificates for any Distribution Date, the lesser of (x) the Class A Principal Distribution Amount for such Distribution Date, and (y) the Class A-3 Certificate Principal Balance as of such Distribution Date. On the Class A-3 Certificate Termination Date, any excess of (a) the amount described in clause (x) of the preceding paragraph over (b) the amount described in clause (y) of the preceding paragraph shall be distributed as principal with respect to the Class A-4 Certificates, as elsewhere provided herein.

Class A-3 Principal Distribution Amount. For any Distribution Date, an amount equal to the excess of (x) the aggregate Certificate Principal Balance of the Class A-3 Certificates immediately prior to that Distribution Date over (y) the lesser of (A) the product of (i) 66.00% and (ii) the aggregate principal balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate principal balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $3,629,518.

Class A-3 Principal Distribution Amount. For any Distribution Date, the sum of:

Class A-3 Principal Distribution Amount. With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balance of the Class A-3 Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 58.90% (rounded to two decimal places) of the aggregate Stated Principal Balance of the Group III Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Group III Mortgage Loans for such Distribution Date over $1,192,261.01.

Class A-3 Principal Distribution Amount. For any Distribution Date, until the Class Principal Balance of the Class A-1 Certificates has been reduced to zero, zero, and thereafter, the lesser of (1) the product of (x) the Class A Principal Distribution Amount and (y) the ratio of the Class A-3 Principal Balance to the sum of the Class Principal Balances of the Class A-2 and Class A-3 Certificates (immediately prior to such Distribution Date) and (2) the related Class Principal Balance immediately prior to such Distribution Date.