Class M-1 Distribution Amount definition

Class M-1 Distribution Amount means, as to any Remittance Date, the lesser of (a) the Amount Available less the sum of (i) any amounts paid to the Servicer pursuant to Section 8.03(a)(1) and (ii) the Class A Distribution Amount and (b) the Class M-1 Formula Distribution Amount for such Remittance Date; provided that after the Class M-1 Cross-over Date the Class M-1 Distribution Amount shall be zero.

Class M-1 Distribution Amount. With respect to any Payment Date, the sum of (w) the Class M-1 Current Interest, (x) the Class M-1 Principal Distribution Amount, if any, (y) the Class M-1 Interest Carry Forward Amount, if any, and (z) the Class M-1 Realized Loss Amortization Amount, if any.

Class M-1 Distribution Amount means, for any Payment Date, the amount to be distributed to the Class M-1 Certificateholders pursuant to Sections 8.04, 8.09 and 8.10 on such Payment Date.

Examples of Class M-1 Distribution Amount in a sentence

• Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Class B-2 Pool Factor 1.00000000 --------------- CLASS B-3I CERTIFICATES ----------------------- (1) Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Class B-2 Pool Factor 1.00000000 ------------- CLASS B-3I CERTIFICATES ----------------------- (1) Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Amount Available less the Class A Distribution Amount and Class M-1 Distribution Amount (including Monthly Servicing Fee) 388,574.27 INTEREST 25.

• Amount, if any, by which Class M-1 Formula Distribution Amount exceeds Class M-1 Distribution Amount $ 0.00 ------------------ DISTRIBUTION DATE: 12/15/98 CUSIP# 393505 G22 G30 G48 G55 G63 G71 G89 G97 H21 H39 H47 H54 H62 TRUST ACCOUNT: 3336598-0 CLASS HE: M-2 CERTIFICATES --------------------------- 22.

More Definitions of Class M-1 Distribution Amount

Class M-1 Distribution Amount means, for any Payment Date, the lesser of (a) the Class M-1 Formula Distribution Amount and (b) that portion of the Amount Available eligible for distribution in respect of such amount in accordance with the priorities set forth in Section 8.04(b); provided that after the Class M-1 Cross-over Date the Class M-1 Distribution Amount shall be zero.

Class M-1 Distribution Amount means, as to any Payment Date, the lesser ----------------------------- of (a) the Amount Available less the Class A Distribution Amount and (b) the Class M-1 Formula Distribution Amount; provided that after the Class M-1 Cross- -------- over Date the Class M-1 Distribution Amount shall be zero.

Class M-1 Distribution Amount. With respect to any Distribution Date, the total amount distributed to the Class M-1 Certificateholders pursuant to Section 4.02.

Class M-1 Distribution Amount means, as to any Payment Date, the lesser of (a) the Amount Available (less any amount paid to the Servicer pursuant to Section 8.03(b)(1)) less the Class A Distribution Amount and (b) the Class M-1 Formula Distribution Amount; PROVIDED that after the Class M-1 Cross-over Date the Class M-1 Distribution Amount shall be zero.

Class M-1 Distribution Amount. With respect to any Distribution Date, the sum of (u) the Class M-1 Current Interest, (v) the Class M-1 Principal Distribution Amount, if any, (w) the Class M-1 Interest Carry Forward Amount, (x) the Class M-1 Realized Loss Amortization Amount, (y) for so long as the Certificate Principal Balance of the Class M-1 Certificates has not been reduced to zero, the Available Funds Cap Carry Forward Amount for such Class, if any, and (z) the Subordinated Trigger Event Amount, if any, for such Distribution Date, remaining after payment of any portion thereof to the Class B and Class M-2 Certificateholders.

Class M-1 Distribution Amount. As to any Distribution Date, the total ----------------------------- amount distributed to the Class M-1 Certificateholders pursuant to Section 5.02.

Class M-1 Distribution Amount means, for any Payment Date, the lesser of -----------------------------