Class A Principal Distribution means, with respect to any Distribution Date (including the Final Scheduled Distribution Date), the sum of Class A Monthly Principal for such Distribution Date and the Class A Principal Carryover Shortfall for such Distribution Date; provided, however, that the Class A Principal Distribution shall not exceed the Class A Principal Balance immediately prior to such Distribution Date. In addition, on the Final Scheduled Distribution Date, the principal required to be deposited in the Class A Distribution Account will include the lesser of (a) any principal due and remaining unpaid on each Receivable in the Trust as of the Final Scheduled Maturity Date or (b) the portion of the amount required to be deposited under clause (a) above that is necessary (after giving effect to the other amounts to be deposited in the Class A Distribution Account on such Distribution Date and allocable to principal) to reduce the Class A Principal Balance to zero.
Class A Principal Distribution means, (i) with respect to the initial Payment Date, the Class A Monthly Principal for such Payment Date and (ii) with respect to any other Payment Date, the sum of Class A Monthly Principal for such Payment Date and the Class A Principal Carryover Shortfall as of the preceding Payment Date. In addition, on the Final Scheduled Payment Date, the Class A Principal Distribution shall include any additional amount required to reduce the outstanding principal balance of the Class A Certificates to zero.
Class A Principal Distribution on the Final Scheduled Distribution Date for a Certificate Group will equal the remaining Aggregate Class A Certificate Balance of such Certificate Group as of such Distribution Date.
Examples of Class A Principal Distribution in a sentence
Notwithstanding clause (v) above, the aggregate amounts distributed on all Distribution Dates to the Holders of the Class A-1 Certificates on account of the Group I Class A Principal Distribution Amount shall not exceed the Original Group I Certificate Principal Balance of the Class A-1 Certificates.
Payment of Class A Principal Distribution Amount from Priority Principal Payment Account $ -- 4.
On each Distribution Date, the Class A Principal Distribution Amount will be allocated among and distributed in reduction of the Principal Balances of the Class A Certificates, sequentially, to the Class A-R Certificate and Class A-1 Certificates.
Distributions of the Group I Class A Principal Distribution Amount and amounts allocated pursuant to Section 6.05(c)(vi) and (vii) will be allocated to the Class A-1 Certificates in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance thereof has been reduced to zero.
Outstanding Reserve Amount -- With respect to any distribution date, the excess, if any, of: o the aggregate Stated Principal Balances of the mortgage loans immediately following that distribution date over o the Certificate Principal Balance of the Class A Certificates as of that date, after taking into account the payment to the Class A Certificates of the amounts described in clauses (b)(i)-(iv) of the definition of Class A Principal Distribution Amount on that distribution date.
More Definitions of Class A Principal Distribution
Class A Principal Distribution means, with respect to the initial Distribution Date, the Class A Monthly Principal for such Distribution Date and, with respect to any Distribution Date other than the initial Distribution Date, the sum of Class A Monthly Principal for such Distribution Date and the Class A Principal Carryover Shortfall as of the close of the preceding Distribution Date. In addition, on the Final Scheduled Distribution Date, the Class A Principal Distribution shall include the amount that is necessary (after giving effect to the other amounts described above to be distributed to the Class A Certificateholders on such Distribution Date and allocable to principal) to reduce the Class A Certificate Balance to zero.
Class A Principal Distribution. (a) Class A-1 ______ (b) Class A-2 ______ (c) Class A-3 ______ (d) Class A-4 ______ (e) Class A-5 ______ (e) Class A-6 ______ (f) Class A-7 ______ 17.
Class A Principal Distribution in relation to a Distribution Date means the amount calculated as follows: CAPD = CASPA + CAUPA + (SDP x CBUPA) where: CAPD = the Class A Principal Distribution; CASPA = the Class A Scheduled Principal Amount on the immediately preceding Determination Date; CAUPA = the Class A Unscheduled Principal Amount on the immediately preceding Determination Date; SDP = the Stepdown Percentage on the immediately preceding Determination Date; and CBUPA = the Class B Unscheduled Principal Amount on the immediately preceding Determination Date.
Class A Principal Distribution means, with respect to the initial Distribution Date, the Class A Monthly Principal for such Distribution Date and, with respect to any Distribution Date other than the initial Distribution Date, the sum of Class A Monthly Principal for such Distribution Date and the Class A Principal Carryover Shortfall as of the close of the preceding Distribution Date. In addition, on the Final Scheduled Distribution Date, the Class A Principal Distribution shall include the lesser of (i) the Class A Percentage of any Scheduled Payment of principal due and remaining unpaid on each Receivable as of the related Distribution Date and (ii) the amount that is necessary (after giving effect to the other amounts described above to be distributed to the Class A Certificateholders on such Distribution Date and allocable to principal) to reduce the Class A Certificate Balance to zero, subject to the availability of funds therefor.
Class A Principal Distribution. With respect to any Distribution Date and Certificate Group (other than the related Final Scheduled Distribution Date), (a) in the case of the Group I Certificates, the sum of the related Class A Monthly Principal Amount for such Distribution Date and any outstanding related Class A Principal Shortfall as of the close of business on the preceding Distribution Date and (b) in the case of the Group IIA Certificates, the related Class A Monthly Principal Amount for such Distribution Date; provided, however, that the Class A Principal Distribution for each Certificate Group shall not exceed the Aggregate Class A Certificate Balance of such Certificate Group. The "Class A Principal Distribution" on the Final Scheduled Distribution Date for a Certificate Group will equal the remaining Aggregate Class A Certificate Balance of such Certificate Group as of such Distribution Date.
Class A Principal Distribution in relation to either a Monthly Distribution Date or a Quarterly Distribution Date means the amount calculated as follows: CAPD = CASPA + CAUPA + (SDP_CBUPA) where: CAPD = the Class A Principal Distribution; CASPA = the Class A Scheduled Principal Amount on the preceding Determination Date; CAUPA = the Class A Unscheduled Principal Amount on the preceding Determination Date; SDP = the Stepdown Percentage on the preceding Determination Date; and CBUPA = the Class B Unscheduled Principal Amount on the preceding Determination Date.
Class A Principal Distribution means, with respect to any Distribution Date (including the Final Scheduled Distribution Date), the sum of Class A Monthly Principal for such Distribution Date and the Class A Principal Carryover Shortfall for such Distribution Date; PROVIDED, HOWEVER, that the Class A Principal Distribution shall not exceed the Class A Principal Balance immediately prior to such Distribution Date. In addition, on the Final Scheduled Distribution Date, the principal required to be deposited in the Class A Distribution Account will include the lesser of (a) any principal due and remaining unpaid on each Receivable in the Trust as of the Final Scheduled Maturity Date or (b) the portion of the amount required to be deposited under clause (a) above that is necessary (after giving effect to the other amounts to be deposited in the Class A Distribution Account on such Distribution Date and allocable to principal) to reduce the Class A Principal Balance to zero.