Class Principal Distribution Amount. As to each RCR Class, an amount as to principal equal to (i) the concurrent distribution of principal in respect of the related REMIC Class or Classes multiplied by (ii) a fraction the numerator of which is the Aggregate Denomination of such RCR Class and the denominator of which is the Initial Authorized Denomination of such RCR Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.
Class Principal Distribution Amount. As to each Exchangeable Class and Exchange Class, and each Distribution Date, an amount as to principal equal to (i) the concurrent distribution of principal in respect of each Related REMIC Class multiplied by (ii) a fraction, the numerator of which is the Aggregate Denomination of such Class and the denominator of which is the Initial Authorized Denomination of such Class.
Class Principal Distribution Amount. The Senior Principal Distribution Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal Distribution Amount, the Class M-7 Principal Distribution Amount or the Class B Principal Distribution Amount, as the case may be.
Examples of Class Principal Distribution Amount in a sentence
On each Distribution Date, the Trust Administrator shall withdraw from the Trust Account the Class Principal Distribution Amount for each Class of Certificates entitled to principal and shall make the appropriate distributions to the Holders of each such Class.
On each Distribution Date, the Securities Administrator shall withdraw from the Trust Account the Class Principal Distribution Amount for each Class Complex and shall distribute such Class Principal Distribution Amount, pro rata based on Class Principal Balance, among the Exchangeable Certificates in such Class Complex, other than the Interest Only Exchangeable Classes, until the respective Class Principal Balances are reduced to zero.
On each Distribution Date, the Trust Administrator shall withdraw from the Trust Account the Class Principal Distribution Amount for each Exchangeable REMIC Certificate and shall distribute such amount to such Class, until the Class Principal Balance is reduced to zero.
Any Guaranty Payment paid to the Trust by the Guarantor pursuant to this Section 5.05 that constitutes a distribution of principal will be deemed to be part of the related Mega Principal Distribution Amount, with respect to a Mega Issue, and the SMBS Class Principal Distribution Amount, with respect to an SMBS Series, for purposes of all future calculations of Factors.
Any Guaranty Payment paid to the Trust by the Guarantor pursuant to this Section 5.05 that constitutes a distribution of principal will be deemed to be part of the related Class Principal Distribution Amount for purposes of all future calculations of Factors.
More Definitions of Class Principal Distribution Amount
Class Principal Distribution Amount. As to each Class of Exchangeable REMIC Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions on such Distribution Date in respect of principal on the related REMIC Class and (ii) the related Allocation Ratio. As to each Class of Exchangeable Certificates and Distribution Date, the sum of the amount for each related REMIC Class, equal to the product of (i) the aggregate of the distributions of principal on such Distribution Date in respect of such related REMIC Class and (ii) one minus the related Allocation Ratio.
Class Principal Distribution Amount. With respect to any Distribution Date, the excess, if any, of (x) 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), (2) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (3) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (4) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (5) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (6) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (7) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (8) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date), (9) the Certificate Principal Balance of the Class [__] Certificates (after taking into account the payment of the Class [__] Principal Distribution Amount on such Distribution Date) and (10) the Certificate Principal Balance of the Class [__] Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (1) [__]% and (2) the Aggregate Principal Balance as of the last day of the related Due Period and (B) the Aggregate Principal Balance as of the last day of the related Due Period minus $[___________].
Class Principal Distribution Amount. As to each RCR Class (other than a Class of Interest Only Certificates), an amount as to principal equal to (i) the concurrent distribution of principal in respect of the Related REMIC Class or Classes (excluding any distributions of principal from the BZ Accrual Amount) multiplied by (ii) a fraction the numerator of which is the Aggregate Denomination of such RCR Class and the denominator of which is the Initial Authorized Denomination of such RCR Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.
Class Principal Distribution Amount. As to each RCR Class (other than any RCR Class of Interest Only Certificates) and each Distribution Date, an amount as to principal equal to
Class Principal Distribution Amount. [With respect to any Distribution Date on or after the Stepdown Date, as long as a Trigger Event has not occurred with respect to such Distribution Date, an amount equal to the lesser of (x) the remaining Principal Distribution Amount for that Distribution Date after payment of the Class [ ]Principal Distribution Amount and the Class [ ] Principal Distribution Amount and (y) the excess, if any, of (A) the sum of (1) the aggregate Class Principal Amount of the Class [ ] Certificates (after taking into account the payment of the Class [ ] Principal Distribution Amount for such Distribution Date), (2) the Class Principal Amount of the Class [ ] Certificates (after taking into account the payment of the Class [ ] Principal Distribution Amount for such Distribution Date) and (3) the Class Principal Amount of the Class [ ] Certificates immediately prior to such Distribution Date, over (B) the lesser of (a) the product of (i) approximately [ ]% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period, and (b) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period minus the Overcollateralization Floor.
Class Principal Distribution Amount. As to each REMIC Class and each Distribution Date, an amount equal to the principal distributed to the related Uncertificated REMIC Interest on such Distribution Date pursuant to the Pooling and Servicing Agreement.
Class Principal Distribution Amount. As to each Class of Exchangeable REMIC Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions on such Distribution Date in respect of principal on the related REMIC Class and (ii) the related Allocation Ratio. As to each Exchangeable Combination and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions of principal on such Distribution Date in respect of the related REMIC Class and (ii) one minus the Allocation Ratio for the Exchangeable REMIC Certificates related to the related REMIC Class. On each Distribution Date, the Class Principal Distribution Amount of each Interest-Only Exchangeable Class shall be zero.