Class F Distribution Amount definition
Class F Distribution Amount. With respect to any Distribution Date, the product of (i) the per annum rate equal to the excess, if any, of 3.00% over LIBOR for such date and (ii) the aggregate Principal Balance of the Fixed Rate Mortgage Loans as of the first day of the related Due Period.
Class F Distribution Amount. Not applicable.
Class F Distribution Amount. With respect to any Distribution Date (I) on or prior to November 2008, an amount equal to (A) the excess, if any, of (i) the lesser of 4.00% and the Class F Mortgage Loan Net WAC over (ii) LIBOR for the related Accrual Period, multiplied by (B) a fraction, expressed as a percentage, the numerator of which is the actual number of days in the period beginning on the immediately preceding Distribution Date (or on the Closing Date, in the case of the first period) and ending on the day immediately preceding such Distribution Date, and the denominator of which is 360, multiplied by (C) the total Principal Balance of the Class F Mortgage Loans as of the first day of the related Due Period and (II) thereafter, $0.
More Definitions of Class F Distribution Amount
Class F Distribution Amount means an amount equal to (A) 24.17% multiplied by (B) the quotient of (i) the appropriate Class F/G Applicable Percentages multiplied by (ii) the Distributable Assets to be distributed to the Unitholders in excess of the sum of (x) the Class F/G Distribution Threshold Amount and (y) the aggregate amount of Capital Contributions of the Class F Unitholders and Class G Unitholders returned to such Unitholders under Section 4.4(a)(3)(A) (such excess Distributable Assets being referred to herein as the “Excess Threshold Amount”).