Class A Formula Distribution Amount. (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) of this definition; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the Original Class M-1 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding April 15, 1997) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, and (vii) the Class A-7 Remittance Rate on the Class A-7 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance, the Original Class A-6 Principal Balance and the Original Class A-7 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, and (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance and the Original Class A-6 Principal Balance.
Examples of Class A Formula Distribution Amount in a sentence
The information with respect to the Remittance Date provided by the Servicer to the Trustee and the Certificate Insurer on the Determination Date shall also include the Class A Formula Distribution Amount, the Class A Pass-Through Rate, the Weighted Average Rate Cap, the Premium Percentage, the aggregate Class A Principal Balance, the aggregate sum of the Trust Balances for all Mortgage Loans and the Required Reserve Account Level.
More Definitions of Class A Formula Distribution Amount
Class A Formula Distribution Amount means, for any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding April 15, 1999) at (1) the Class A-1A ARM Pass-Through Rate on the Class A-1A ARM Principal Balance, (2) the Class A-1B ARM Pass-Through Rate on the Class A-1B ARM Principal Balance, (3) the Class A-1 Pass-Through Rate on the Class A-1 Principal Balance, (4) the Class A-2 Pass-Through Rate on the Class A-2 Principal Balance, (5) the Class A-3 Pass-Through Rate on the Class A-3 Principal Balance, (6) the Class A-4 Pass-Through Rate on the Class A-4 Principal Balance, (7) the Class A-5 Pass-Through Rate on the Class A-5 Principal Balance, and (8) the Class A-6 IO Pass-Through Rate on the Class A-6 IO Notional Principal Amount, in each case to be calculated immediately prior to such Payment Date, (b) the aggregate of the Unpaid Class A Interest Shortfalls, if any, with respect to each Class of Class A Certificates, and (c)(i) if there is no Class A Principal Deficiency Amount for such Payment Date, the Class A Formula Principal Distribution Amount, or (ii) if there is a Class A Principal Deficiency Amount for such Payment Date, the amount determined in accordance with Section 8.04(b)(6)(i); provided, however, that the aggregate of all amounts
Class A Formula Distribution Amount means, as to any Remittance Date, an ----------------------------------- amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding March 17, 1997) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, -------- however, that the aggregate of all amounts distributed for all Remittance Dates ------- pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance and the Original Class A-6 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of:
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, (vii) the Class A-7 Remittance Rate on the Class A-7 Principal Balance, (viii) the Class A-8 Remittance Rate on the Class A-8 Principal Balance, and (ix) the Class A-9 Remittance Rate on the Class A-9 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance, the Original Class A-6 Principal Balance, the Original Class A-7 Principal Balance, the Original Class A-8 Principal Balance and the Original Class A-9 Principal Balance.
Class A Formula Distribution Amount means, as to any Payment Date, the sum of (a) the Class A Formula Principal Distribution Amount, (b) the Class A Interest Amount, and (c) any Unpaid Class A Interest Shortfall.
Class A Formula Distribution Amount. With respect to the Class A Notes for any Distribution Date, the sum of the Class A Interest Distribution Amount and the Class A Principal Distribution Amount.
Class A Formula Distribution Amount. With respect to any Distribution Date, the sum of the Class A Interest Distribution Amount and the Class A Principal Distribution Amount calculated pursuant to (b) of the definition thereof.