Class P Principal Distribution Amount. For each Distribution Date and each Loan Group, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for such Loan Group for such Distribution Date attributable to the Class P Mortgage Loans in such Loan Group, (ii) the portion of the Principal Prepayment Amount for such Loan Group for such Distribution Date attributable to the Class P Mortgage Loans in such Loan Group and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in such Loan Group received during the prior calendar month.
Class P Principal Distribution Amount. Any of the Class I-P, Class II-P or Class III-P Principal Distribution Amount, as applicable.
Class P Principal Distribution Amount. For each Distribution Date and Loan Group 1, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for Loan Group 1 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1, (ii) the portion of the Principal Prepayment Amount for Loan Group 1 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1 and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in Loan Group 1 received during the prior calendar month minus the Class P Fraction of the portion of the Capitalization Reimbursement Amount for Loan Group 1 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1.
Examples of Class P Principal Distribution Amount in a sentence
Class P Certificateholders will generally be entitled to receive principal payments in an amount equal to the principal payments from Discount Mortgage Loans according to the Class P Principal Distribution Amount.
More Definitions of Class P Principal Distribution Amount
Class P Principal Distribution Amount. For each Distribution Date and Loan Group 2, Loan Group 3 and Loan Group 4, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for Loan Group 2, Loan Group 3 and Loan Group 4 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2, (ii) the portion of the Principal Prepayment Amount for Loan Group 2, Loan Group 3 and Loan Group 4 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2, and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in Loan Group 2, Loan Group 3 and Loan Group 4 received during the prior calendar month minus the Class P Fraction of the portion of the Capitalization Reimbursement Amount for Loan Group 2, Loan Group 3 and Loan Group 4 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2, Loan Group 3 and Loan Group 4.
Class P Principal Distribution Amount. For each Distribution Date and Loan Group 1, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for Loan Group 1 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1, (ii) the portion of the Principal Prepayment Amount for Loan Group 1, for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1, (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in Loan Group 1, received during the prior calendar month minus the Class P Fraction of the portion of the Capitalization Reimbursement Amount for Loan Group 1 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 1 and (iv) only with respect to the February 2008 Distribution Date, the Class 1-P Prefunded Distribution Amount. For each Distribution Date and Loan Group 2, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for Loan Group 2 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2, (ii) the portion of the Principal Prepayment Amount for Loan Group 2, for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2 and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in Loan Group 2, received during the prior calendar month minus the Class P Fraction of the portion of the Capitalization Reimbursement Amount for Loan Group 2 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 2. For each Distribution Date and Loan Group 3, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for Loan Group 3 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 3, (ii) the portion of the Principal Prepayment Amount for Loan Group 3, for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 3 and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in Loan Group 3, received during the prior calendar month minus the Class P Fraction of the portion of the Capitalization Reimbursement Amount for Loan Group 3 for such Distribution Date attributable to the Class P Mortgage Loans in Loan Group 3.
Class P Principal Distribution Amount. With respect to any Distribution Date, the balance of the Available Distribution Amount remaining after the Senior Interest Distribution Amount (other than the Accrual Distribution Amounts) has been distributed, equal to the aggregate of:
Class P Principal Distribution Amount. With respect to any Distribution Date, the excess, if any, of (A) $100 over (B) all amounts distributed with respect to such Certificate in reduction of the Certificate Principal Balance thereof on previous Distribution Dates pursuant to Section 4.04.
Class P Principal Distribution Amount. Any of the Class I-P Principal Distribution Amount, Class II-P Principal Distribution Amount, Class III-P Principal Distribution Amount, Class IV-P Principal Distribution Amount, Class V-P Principal Distribution Amount, Class VI-P Principal Distribution Amount, Class VII-P Principal Distribution Amount or Class VIII-P Principal Distribution Amount, as applicable.
Class P Principal Distribution Amount. With respect to any Distribution Date, an amount equal to the aggregate of, for all Class P Mortgage Loans, the product for each such Class P Mortgage Loan of the applicable Class P Fraction and the sum of (x) scheduled payments of principal on such Class P Mortgage Loan due (whether or not received), including amounts which have been advanced as part of an Monthly Advance with respect to such Distribution Date, (y) the principal portion received in respect of such Class P Mortgage Loan during the prior calendar month of (1) Curtailments, (2) Insurance Proceeds, (3) the amount, if any, of repurchase proceeds received with respect to any such Mortgage Loan which was repurchased as permitted or required by this Agreement during the calendar month preceding the month of the Distribution Date, (4) Liquidation Proceeds and (5) Payoffs and (z) Realized Losses (subject to the provisions of Section 4.03(c)), other than Excess Losses and Extraordinary Losses.
Class P Principal Distribution Amount. For each Distribution Date and Loan Group III, Loan Group V, Loan Group VI, Loan Group VII, Loan Group VIII and Loan Group IX, the Class P Fraction of the sum of (i) the portion of the Principal Payment Amount for such Loan Group for such Distribution Date attributable to the Class P Mortgage Loans in such Loan Group, (ii) the portion of the Principal Prepayment Amount for such Loan Group for such Distribution Date attributable to the Class P Mortgage Loans in such Loan Group and (iii) Net Liquidation Proceeds allocable to principal with respect to the Class P Mortgage Loans in such Loan Group received during the prior calendar month. There is no Class P Principal Distribution Amount with respect to Loan Group I, Loan Group II or Loan Group IV.