Class Distribution Amount definition

Class Distribution Amount. As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.
Class Distribution Amount. As to each Exchangeable Class and Exchange Class and any Distribution Date, an amount equal to the aggregate of the Class Interest Distribution Amount and Class Principal Distribution Amount on such date. As to each Related REMIC Class on any Distribution Date, the sum of (i) the Accrued Certificate Interest distributable to such Class pursuant to the Underlying Trust Agreement on such date; and (ii) the amount of principal distributable to such Class pursuant to the Underlying Trust Agreement on such date.

Examples of Class Distribution Amount in a sentence

  • All distributions of such Class Distribution Amount which are made with respect to a particular Class shall be made pro rata among all Certificates of such Class in proportion to their respective Certificate Balances, with no preference or priority of any kind.

  • In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date.

  • On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Account the Class Distribution Amount for each Class and shall cause the Paying Agent to make the appropriate distributions to the Holders of each related Class.

  • All distributions of such Class Distribution Amount that are made with respect to a particular Class shall be made pro rata among all Certificates of such class in proportion to their respective Certificate Balances, with no preference or priority of any kind.

  • In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date.


More Definitions of Class Distribution Amount

Class Distribution Amount. As to any Distribution Date and each Class of Exchangeable Certificates, an amount equal to the sum of (i) the Interest Distribution Amount for such Class and (ii) the Class Principal Distribution Amount for such Class.
Class Distribution Amount. As to each Combinable Class and each Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction, the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date, and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class and each Distribution Date, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class. In calculating or causing to be calculated the amount to be distributed on any Distribution Date, the Trustee will make any adjustments as are necessary to reconcile prior payments made in error.
Class Distribution Amount means, with respect to any Distribution Date, the aggregate amount distributed to the Class [__] Certificateholders pursuant to Section 6.01(a).
Class Distribution Amount. As to any Class and each Distribution Date, the sum of the related Class Interest Distribution Amount, if any, plus the related Class Principal Distribution Amount, if any.
Class Distribution Amount. As to any Distribution Date, the sum of (a) the Amount Available for Class (_) Interest and (b) Amount Available for Class (_) Principal.
Class Distribution Amount has the meaning given to such term in clause 8.10 (Payment of Principal Amounts) of the Security Trust Deed and Cash Management Agreement, as set out in Schedule 2 (Addition to Clause 8 of the Security Trust Deed and Cash Management Agreement).
Class Distribution Amount. As to each Exchangeable Certificate and Distribution Date, an amount equal to the aggregate of the distributions on such Distribution Date in respect of each Related REMIC Class multiplied by a fraction, the numerator of which is equal to the Aggregate Denomination of such Related REMIC Class at the close of business on the related Record Date and the denominator of which is the Initial Authorized Denomination with respect to such Related REMIC Class. As to each REMIC Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution Amount for such Class.