Class M Principal Distribution Amount. With respect to any Distribution Date, the excess, if any, of (x) the sum of (i) the Certificate Principal Balance of the Class A Certificates (after taking into account the payment of the Class A Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class M Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 95.30% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to scheduled payments of principal due during the related Remittance Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) an amount, not less than zero, the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to scheduled payments of principal due during the related Remittance Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus the Overcollateralization Floor Amount.

Class M Principal Distribution Amount. For any Distribution Date will equal (i) as long as the Class A Certificate Principal Balance has not been reduced to zero and prior to the Cross-over Date, zero, (ii) on any Distribution Date as to which the Principal Distribution Tests are not met and the Class A Certificate Principal Balance has not been reduced to zero, zero, (iii) on any Distribution Date as to which the Principal Distribution Tests are not met and the Class A Certificate Principal Balance has been reduced to zero, the Principal Distribution Amount, or (iv) on any other Distribution Date, the Class M Percentage of the Principal Distribution Amount. For any Distribution Date, if the Class M Principal Distribution Amount exceeds the Class M Certificate Principal Balance less the Principal Distribution Shortfall Carryover Amount with respect to such Class and Distribution Date, then such amounts shall be allocated to the Class B-1 Principal Distribution Amount.

Examples of Class M Principal Distribution Amount in a sentence

See, e.g., PSA § 1.01 (Class A Principal Distribution Amount); (Class M Principal Distribution Amount).
Class A-9 10,141,910.87 ----------------------- Total Class A Principal Distribution 57,737,983.12 Class M Principal Distribution Amount 1.
The Class M Principal Distribution Amount will be allocated pro rata between the Class M-1 and the Class M-2 Certificates.
Class A-9 0.00 --------------- Total Class A Principal Distribution 32,662,792.60 Class M Principal Distribution Amount 1.
To the extent of the remaining Principal Distribution Amount, to the Mezzanine Certificates, sequentially, to pay the respective Class M Principal Distribution Amount until the respective Mezzanine Certificate principal balance has been reduced to zero.

More Definitions of Class M Principal Distribution Amount

Class M Principal Distribution Amount. For any Distribution Date, an amount equal to the excess, if any, of (i) the Certificate Principal Balance of the Class M Certificates immediately prior to such Distribution Date over (ii) the excess of (a) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period over (b) the sum of (1) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the payment of the Class A Principal Distribution Amount on such Distribution Date) and (2) the product of (x) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) the Current Specified Overcollateralization Percentage for such Distribution Date.

Class M Principal Distribution Amount. With respect to any Distribution Date, the sum of the Class M-1 Principal Distribution Amount, Class M-2 Principal Distribution Amount, Class M-3 Principal Distribution Amount, Class M-4 Principal Distribution Amount, Class M-5 Principal Distribution Amount, Class M-6 Principal Distribution Amount, Class M-7 Principal Distribution Amount, Class M-8 Principal Distribution Amount and Class M-9 Principal Distribution Amount for such Distribution Date.] [Class R Certificate: Collectively, the Class R-I Certificates and Class R-II Certificates.] [Class R-I Certificate: Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.] [Class R-II Certificate: Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.]

Class M Principal Distribution Amount. As to any Distribution Date, any amount distributable to the Holders of the Class M Certificates pursuant to Clause (ii) Paragraph third of Section 4.1(a).

Class M Principal Distribution Amount. For any Distribution Date, the sum of the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal -29- Distribuxxxx Xxxxxx, xxx Xxxxx X-0 Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx, xxx Xxxxx X-0 Xxxxxxxxl Distribution Amount, and the Class M-6 Principal Distribution Amount.