Class A Principal Adjustment Amount. As to any Distribution Date on which the Certificate Principal Balance of any Class of Class A Certificates has been reduced to zero, any remaining prepayments and recoveries of principal collected in respect of the Mortgage Loans (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loans) in such Loan Group.
Class A Principal Adjustment Amount. As to any Distribution Date on which the Certificate Principal Balance of all of the Class A Certificates related to a Subgroup have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loan Components or the related Mortgage Loans in such Subgroup (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loan Components or Mortgage Loans in the related Subgroup).
Class A Principal Adjustment Amount. With respect to Collateral Pool I, as to any Distribution Date on which the Certificate Principal Balance of all of the Class A Certificates related to a Loan Group have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loans in such Loan Group (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Group I Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loans in the related Loan Group). With respect to Collateral Pool II, as to any Distribution Date on which the Certificate Principal Balance of all of the Class A Certificates related to a Subgroup have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loan Components or the related Mortgage Loans in such Subgroup (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Group II Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loan Components or Mortgage Loans in the related Subgroup). With respect to Collateral Pool III, as to any Distribution Date on which the Certificate Principal Balance of all of the Class A Certificates related to a Loan Group have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loans in such Loan Group (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Group III Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loans in the related Loan Group).
Examples of Class A Principal Adjustment Amount in a sentence
Class A Principal Adjustment Amount, which is payable at point (xi) in the Priority of Payments, will not be paid on May 15, 2003.
More Definitions of Class A Principal Adjustment Amount
Class A Principal Adjustment Amount. As to any Distribution Date on which there is an Undercollateralized Loan Group and the Certificate Principal Balance of the Class A Certificates in the Overcollateralized Loan Group has been reduced to zero, the remaining Senior Principal Distribution Amount for the Overcollateralized Loan Group after reducing the Certificate Principal Balance of the Class A Certificates in the Overcollateralized Loan Group to zero.
Class A Principal Adjustment Amount. With respect to Collateral Pool I, as to any Distribution Date and any Loan Group, if the Certificate Principal Balance of the related Super Senior Certificates and the Certificate Principal Balance of the related Senior Support Certificates or Component Principal Balance of the related Senior Support Component, as applicable, related to a Loan Group have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loans in such Loan Group (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Group I Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loans in the related Loan Group).
Class A Principal Adjustment Amount. With respect to Collateral Pool 1, and any Distribution Date, if the Certificate Principal Balance of the Group 1 Class A Certificates relating to a Loan Group included in such Collateral Pool have been reduced to zero, the sum of (i) any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loans in such Loan Group and (ii) with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the related Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal collected in respect of the Mortgage Loans in such Loan Group. On any Distribution Date, the Available Distribution Amount relating to such Loan Group shall be reduced by the related Class A Principal Adjustment Amount. On any Distribution Date, any Class A Principal Adjustment Amount shall be included in the Available Distribution Amounts of any Loan Group(s) with respect to which the Certificate Principal Balance of the related Group 1 Class A Certificates have not been reduced to zero, on a pro rata basis based on aggregate Certificate Principal Balance of the Class A Certificates in each such Loan Group.
Class A Principal Adjustment Amount. With respect to any Collateral Pool, and any Distribution Date, if the Certificate Principal Balance of the Class A Certificates relating to a Loan Group included in such Collateral Pool has been reduced to zero, the sum of (i) any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loans in such Loan Group and (ii) with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the related Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal collected in respect of the Mortgage Loans in such Loan Group.
Class A Principal Adjustment Amount. With respect to any Distribution Date and a Loan Group or Subgroup that is a Zero-Balance Seniors Group, the sum of (1) the Non- Class PO Percentage of any Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected during the related Prepayment Period in respect of the related Mortgage Loan Components or the related Mortgage Loans in such Loan Group or Subgroup and (2) if the aggregate Certificate Principal Balance of the Subordinate Certificates on such Distribution Date is zero, the Non-Class PO Percentage of any scheduled payments of principal collected in the related Due Period in respect of the Mortgage Loan Components or Mortgage Loans in such Loan Group or Subgroup.
Class A Principal Adjustment Amount. With respect to Collateral Pool II, as to any Distribution Date on which the Certificate Principal Balance of all of the Class A Certificates related to a Loan Group or Subgroup included in that Collateral Pool have been reduced to zero, any remaining Principal Prepayments, Liquidation Proceeds or other unscheduled payments of principal collected in respect of the related Mortgage Loan Components or the related Mortgage Loans in such Loan Group or Subgroup (and, with respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Group II Subordinate Certificates has been reduced to zero, any remaining scheduled payments of principal in respect of the Mortgage Loan Components or Mortgage Loans in such Loan Group or Subgroup).
Class A Principal Adjustment Amount. As to any Distribution Date on which there is an Undercollateralized Sub-Pool and an Overcollateralized Sub-Pool, the product of (x) the then-applicable Diversion Fraction and (y) the related Class A Principal Distribution Amount for the Overcollateralized Sub-Pool.