Class PO Principal Distribution Amount. With respect to each Distribution Date and any Class of Principal Only Certificates, an amount equal to the sum of:
Class PO Principal Distribution Amount. As defined in Section 4.02(b)(i).
Class PO Principal Distribution Amount. For any Distribution Date, an amount equal to the aggregate of:
Examples of Class PO Principal Distribution Amount in a sentence
The Class L-II-PO Interest shall be entitled to receive the Class PO Principal Distribution Amount for Pool II.
More Definitions of Class PO Principal Distribution Amount
Class PO Principal Distribution Amount. As to any Distribution Date, the sum of the applicable PO Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each Mortgage Loan on the related Due Date, (b) the Scheduled Principal Balance of each Mortgage Loan that was repurchased by the Transferor pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Loan during the month preceding the calendar month of such Distribution Date, the lesser of (i) the Scheduled Principal Balance of such Mortgage loan and (ii) the amount of Liquidation Proceeds allocable to principal received during the month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) the sum of (i) all Principal Prepayments in full received during the related Prepayment Period and (ii) all partial Principal Prepayments applied during the related Prepayment Period; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Loan, the Class PO Principal Distribution Amount will be reduced on the related Distribution Date by the applicable PO Percentage of the principal portion of such Bankruptcy Loss.
Class PO Principal Distribution Amount. For any Distribution Date and any Class of Class PO Certificates, an amount equal to the lesser of (i) the Subgroup II-1-1 Available Distribution Amount (in the case of the Class II-PO1 Certificates) or the Group II-2 Available Distribution Amount (in the case of the Class II-PO2 Certificates) or the Group II-3 Available Distribution Amount (in the case of the Class II-PO3 Certificates), as applicable, remaining after distribution of the related Senior Interest Distribution Amounts and (ii) the aggregate of:
Class PO Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the sum of the PO Percentage of the principal portions of all scheduled Monthly Payments on the Mortgage Loans due on the related Due Date, whether or not received on or prior to the related Determination Date, plus (ii) the sum of the PO Percentages of all unscheduled payments or collections of principal in respect of the Mortgage Loans received during the preceding calendar month (including the PO Percentage the principal portion of proceeds of the repurchase of a Mortgage Loan, full and partial Mortgagor prepayments, Foreclosure Advances and Net Liquidation Proceeds).
Class PO Principal Distribution Amount. With respect to Loan Group 2 and any Distribution Date, the sum of:
Class PO Principal Distribution Amount. With respect to each Distribution -------------------------------------- Date, an amount, without duplication, equal to the sum of:
Class PO Principal Distribution Amount. With respect to any Distribution Date prior to the Credit Support Depletion Date, the aggregate of the amounts payable to the Class PO Certificates pursuant to clauses (i) and (iv) of the first paragraph of Section 4.02(a), and with respect to any Distribution Date on or after the Credit Support Depletion Date, the amount payable to the Class PO Certificates pursuant to clause (i) of the last paragraph of Section 4.02(a).
Class PO Principal Distribution Amount. The sum of the Class PO Portion I -------------------------------------- Principal Distribution Amount and the Class PO Portion II Principal Distribution Amount.