Class MV-2 Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the sum of (1) the aggregate Class Principal Amount of the Class AV Certificates (after taking into account the payment of the Class AV Principal Distribution Amount on such Distribution Date), (2) the Class Principal Amount of the Class MV-1 Certificates (after taking into account the payment of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (3) the Class Principal Amount of the Class MV-2 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (1) 66.70% and (2) the Pool 2 Principal Balance and (B) the Pool 2 Principal Balance minus the Group 2 Overcollateralization Floor.
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date the excess of (i) the sum of (a) the aggregate Certificate Principal Balance of the Class AV Certificates (after taking into account distributions of the Class 1-AV-1 Principal Distribution Amount and Class 2-AV Principal Distribution Amount for such Distribution Date), (b) the Certificate Principal Balance of the Class MV-1 Certificates (after taking into account distribution of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (c) the Certificate Principal Balance of the Class MV-2 Certificates immediately prior to such Distribution Date over (ii) the lesser of (x) 72.30% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 2 and Loan Group 3 for such Distribution Date and (y) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 2 and Loan Group 3 for such Distribution Date minus the Adjustable Rate OC Floor; provided, however, that if the Class MV-2 Certificates are the only Class of Adjustable Rate Subordinate Certificates outstanding on such Distribution Date, the Class MV-2 Certificates will be entitled to receive the entire remaining aggregate Principal Distribution Amount for Loan Group 2 and Loan Group 3 until the Certificate Principal Balance thereof is reduced to zero.
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date the excess of (i) the sum of: (A) the Group 2 Class A Certificate Principal Balance (after taking into account distribution of the Group 2 Class A Principal Distribution Amount on such Distribution Date), (B) the Class MV-1 Certificate Principal Balance (after taking into account distribution of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (C) the Class MV-2 Certificate Principal Balance immediately prior to such Distribution Date over (ii) 95.80% of the aggregate Stated Principal Balances for such Distribution Date of the Mortgage Loans in Loan Group 2.
Examples of Class MV-2 Principal Distribution Amount in a sentence
To the Class MV-2 Certificates, the Class MV-2 Principal Distribution Amount for the Distribution Date, excluding any Subordination Increase Amount included in that amount, until the class principal balance thereof is reduced to zero.
More Definitions of Class MV-2 Principal Distribution Amount
Class MV-2 Principal Distribution Amount. With respect to any Remittance Date, the lesser of (i) the Class MV-2 Formula Principal Distribution Amount or (ii) the Pool Available Amount for Pool II remaining after giving effect to all payments of Class Current Interest Requirements for Pool II Certificates, the Class A Pool Principal Distribution Amount for Pool II Class A Certificates and the Class MV-1 Principal Distribution Amount payable on such Remittance Date.
Class MV-2 Principal Distribution Amount means, for any Payment Date, that portion of the Class MV-2 Distribution Amount to be distributed to the Class MV-2 Certificateholders pursuant to Section 8.04(b)(8).
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date on or after the Adjustable Rate Stepdown Date, 100% of the Adjustable Rate Principal Distribution Amount for such Distribution Date if the Adjustable Rate Class A Certificate Principal Balance and the Class MV-1 Certificate Principal Balance have been reduced to zero and an Adjustable Rate Trigger Event has occurred and is continuing, or, if any of the Class AV-1 or Class MV-1 Certificates are still outstanding and as long as an Adjustable Rate Trigger Event has not occurred and is not continuing, the excess of (i) the sum of (A) the Adjustable Rate Class A Certificate Principal Balance (after taking into account distributions of the Adjustable Rate Class A Principal Distribution Amount on such Distribution Date), (B) the Class MV-1 Certificate Principal Balance (after taking into account distributions of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (C) the Class MV-2 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 88.50% of the Stated Principal Balance of the Adjustable Rate Mortgage Loans on the preceding Due Date and (B) the Stated Principal Balance of the Adjustable Rate Mortgage Loans on the preceding Due Date less approximately $1,638,000.
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date, the excess of (i) the sum of (A) the Adjustable Rate Class A Certificate Principal Balance (after taking into account distributions of the Adjustable Rate Class A Principal Distribution Amount on such Distribution Date), (B) the Class MV-1 Certificate Principal Balance (after taking into account distributions of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (C) the Class MV-2 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 75.50% of the Stated Principal Balance of the Adjustable Rate Mortgage Loans as of the last day of the related Due Period and (B) the Stated Principal Balance of the Adjustable Rate Mortgage Loans as of the last day of the related Due Period less the OC Floor for the Adjustable Rate Mortgage Loans.
Class MV-2 Principal Distribution Amount. For any Distribution Date is an amount, not less than zero, equal to the excess of:
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date on or after the Adjustable Rate Stepdown Date, 100% of the Adjustable Rate Principal Distribution Amount for such Distribution Date if the Adjustable Rate Class A Certificate Principal Balance and the Class MV-1 Certificate Principal Balance have been reduced to zero and an Adjustable Rate Trigger Event has occurred and is continuing, or, if any of the Class AV-1 or Class MV-1 Certificates are still outstanding and as long as an Adjustable Rate Trigger Event has not occurred and is not continuing, the excess of (i) the sum of (A) the Adjustable Rate Class A Certificate Principal Balance (after taking into account distributions of the Adjustable Rate Class A Principal Distribution Amount on such Distribution Date), (B) the Class MV-1 Certificate Principal Balance (after taking into account distributions of the Class MV-1 Principal Distribution Amount on such Distribution Date) and (C) the Class MV-2 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 83.50% of the Stated Principal Balance of the Adjustable Rate Mortgage Loans on the preceding Due Date and (B) the Stated Principal Balance of the Adjustable Rate Mortgage Loans on the preceding Due Date less the OC Floor for the Adjustable Rate Mortgage Loans.
Class MV-2 Principal Distribution Amount. With respect to any Distribution Date on and after the Stepdown Date and as long as a Trigger Event is not in effect (subject to the proviso set forth in Section 3.01(b) hereof), the excess of (i) the sum of (A) the Class AV-1 Certificate Principal Balance, (B) the Class MV-2 Certificate Principal Balance, in each case after giving effect to distributions on such Distribute Date, and (C) the Class MV-2 Certificate Principal Amount immediately prior to such Distribution Date over (ii) the lesser of (A) 81.02% of the Assumed Principal Balance on the preceding Due Date and (B) the excess of (I) the Assumed Principal Balance on the preceding Due Date over (II) $1,850,000.