Class M-1 Formula Distribution Amount definition

Class M-1 Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding April 15, 1997) at the Class M-1 Remittance Rate on the Class M-1 Adjusted Principal Balance as of such Remittance Date, (b) the aggregate Unpaid Class M-1 Interest Shortfall, if any, (c) the Class M-1 Percentage of the Formula Principal Distribution Amount, (d) any Unpaid Class M-1 Principal Shortfall, (e) any Class M-1 Liquidation Loss Interest Amount, and (f) any Unpaid Class M-1 Liquidation Loss Interest Shortfall; provided, however, that on the Class A-7 Cross-Over Date, the balance of any amounts that would have been distributable on such date pursuant to clauses (c) and (d) of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) of this definition; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the Original Class M-1 Principal Balance.
Sample 1Sample 2
Class M-1 Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at the Class M-1 Remittance Rate on the Class M-1 Adjusted Principal Balance as of such Remittance Date, (b) the aggregate Unpaid Class M-1 Interest Shortfall, if any, (c) the Class M-1 Percentage of the Formula Principal Distribution Amount, (d) any Unpaid Class M-1 Principal Shortfall, (e) any Class M-1 Liquidation Loss Interest Amount, and (f) any Unpaid Class M-1 Liquidation Loss Interest Shortfall; provided, however, that on the later of the Class A-8 Cross-Over Date and the Class A-9 Cross-Over Date, the balance of any amounts that would have been distributable on such date pursuant to clauses (c) and (d) of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) of this definition; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the Original Class M-1 Principal Balance.
Sample 1Sample 2
Class M-1 Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of:
Sample 1Sample 2Sample 3

Examples of Class M-1 Formula Distribution Amount in a sentence

  • Amount by which Class M-1 Formula Distribution Amount (lines 7(c) and (d), 20, 43(b)) exceeds Class M-1 Distribution Amount (lines 15(e), 29, 45(c)) $ 0.00 -------------- Class M-2 Notes --------------- 44.

  • Amount, if any, by which the amount in clause (c) of the Class M-1 Formula Distribution Amount exceeds the amount distributed pursuant to item (35) $ 0.00 --------------- Distribution Date: 10/15/99 CUSIP# 20846Q AA6 AB4 AC2 AD0 AE9 AF5 AG3 AH1 AJ7 AK4 AL2 Trust Account: 3337795-0 Class M-2 Certificates ---------------------- 37.

  • Amount, if any, by which Class M-1 Formula Distribution Amount exceeds Class M-1 Distribution Amount $ 0.00 ---------------- DISTRIBUTION DATE: 11/16/98 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.

  • Amount by which Class M-1 Formula Distribution Amount (lines 15(c) and (d), 28, 45(b)) exceeds Class M-1 Distribution Amount (lines 15(e), 29, 45(c)) $ 0.00 --------------- Class M-2 --------- 49.

  • BI shall consult with Vitae prior to its decision to seek a Patent term extension with respect to Vitae Patents, Joint Patents, BI Patents and Patents assigned to BI pursuant to Section 13.1.2, provided, however, that when the Parties hereto cannot reach an agreement for these Patents, BI shall have the right to determine which Vitae Patents, BI Patents, Joint Patents, or BI Product Development Patents to apply for Patent term extension in the Territory.


More Definitions of Class M-1 Formula Distribution Amount

Class M-1 Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding November 15, 1995) at the Class M-1 Remittance Rate on the Class M-1 Principal Balance calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class M-1 Interest Shortfall, if any, (c) if such Remittance Date is on or after the Sixth Cross-over Date, but on or prior to the Seventh Cross-over Date, the Class M-1 Percentage of the Formula Principal Distribution Amount, and (d) any Unpaid Class M-1 Principal Shortfall; provided, however, that on the Sixth Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clauses (c) and (d) of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) of this definition; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the Original Class M-1 Principal Balance.
Sample 1
Class M-1 Formula Distribution Amount means, as to any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding the first Payment Date) at the Class M-1 Pass- Through Rate on the excess of the Class M-1 Principal Balance over the Class M-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date, (b) any Unpaid Class M-1 Interest Shortfall and (c) if such Payment Date is after the Class A-4 Crossover Date, but on or prior to the Class M-1 Cross-over Date, the Senior Percentage of the Formula Principal Distribution Amount; PROVIDED, HOWEVER, that on the Class A-4 Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clause (c) of the definition of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso in such definition shall instead be included in clause (c) of this definition; and PROVIDED, FURTHER, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) of this definition shall not exceed the Original Class M-1 Principal Balance.
Sample 1
Class M-1 Formula Distribution Amount means, for any Payment Date, an ------------------------------------- amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding October 16, 2000) at the Class M-1 Pass-Through Rate on the Class M-1 Adjusted Principal Balance, (b) the Unpaid Class M-1 Interest Shortfall, if any, (c) the Class M-1 Formula Principal Distribution Amount and (d) the Class M-1 Formula Liquidation Loss Interest Distribution Amount, if any.
Sample 1
Class M-1 Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at the Class M-1 Remittance Rate on the Class M-1 Adjusted Principal Balance as of such Remittance Date, (b) the aggregate Unpaid Class M-1 Interest Shortfall, if any, (c) the Class M-1 Percentage of the Formula Principal Distribution Amount, (d) any Unpaid Class M-1 Principal Shortfall, (e) any Additional Principal Distribution Amount to be distributed to the Class M-1 Certificates pursuant to Section 8.03(a)(12), (f) any Class M-1 Liquidation Loss Interest Amount, and (g) any Class M-1 Liquidation Loss Interest Amount, and (g) any Unpaid Class M-1 Liquidation Loss Interest Shortfall; provided, however, that on the Class A-5 Cross-Over Date, the balance of any amounts that would have been distributable on such date pursuant to clauses (c), (d) and (e) of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) or (e) of this definition, as applicable; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c), (d) and (e) shall not exceed the Original Class M-1 Principal Balance.
Sample 1
Class M-1 Formula Distribution Amount means, as to any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding January 15, 1996) at the Class M-1 Pass-Through Rate on the Class M-1 Principal Balance, to be calculated immediately prior to such Payment Date on the basis of a 360 day year of twelve 30-day months, (b) the Unpaid Class M-1 Interest Shortfall, if any, and (c) if such Payment Date is after the Fourth Cross-over Date, but on or prior to the Fifth Cross-over Date, the Senior Percentage of the Formula Principal Distribution Amount; provided, however, that on the Fourth Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clause (c) of the definition of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso in such definition shall instead be included in clause (c) of this definition; and provided, further, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) of this definition shall not exceed the Original Class M-1 Principal Balance.
Sample 1
Class M-1 Formula Distribution Amount means, as to any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding April 15, 1996) at the Class M-1 Pass-Through Rate on the excess of the Class M-1 Principal Balance over the Class M-1 Principal Shortfall Amount, to be calculated immediately prior to such Payment Date on the basis of a 360 day year of twelve 30-day months, (b) any Unpaid Class M-1 Interest Shortfall and (c) if such Payment Date is after the Third Cross-over Date, but on or prior to the Fourth Cross-over Date, the Senior Percentage of the Formula Principal Distribution Amount; provided, however, that on the Third Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clause (c) of the definition of the term "Class A Formula Distribution Amount" (assuming a sufficient Amount Available) but for the operation of the proviso in such definition shall instead be included in clause (c) of this definition; and provided, further, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) of this definition shall not exceed the Original Class M-1 Principal Balance.
Sample 1
Class M-1 Formula Distribution Amount means, for any Payment Date, an amount equal to the sum of (a) interest from and including the immediately preceding Payment Date to but excluding the current Payment Date (or, as to the first Payment Date, interest from and including the Closing Date to but excluding July 17, 2000) at the Class M-1 Pass-Through Rate on the Class M-1 Adjusted Principal Balance to be calculated immediately prior to such Payment Date, (b) the aggregate of the Unpaid Class M-1 Interest Shortfalls, if any, with respect to the Class M-1 Certificates, (c) the Class M-1 Formula Principal Distribution Amount and (d) the Class M-1 Formula Liquidation Loss Interest Distribution Amount, if any, with respect to the Class M-1 Certificates.
Sample 1