Controlled Distribution Amount definition

Controlled Distribution Amount means, for any Distribution Date with respect to a Monthly Period, an amount equal to the sum of the Controlled Amortization Amount and any existing Deficit Controlled Amortization Amount.

Controlled Distribution Amount with respect to any Series, shall have the meaning specified in the related Supplement.

Controlled Distribution Amount means, with respect to any Class of Notes, the amount (or amounts) specified in any applicable Series Supplement.

Examples of Controlled Distribution Amount in a sentence

• If for one or more months during the Class A Controlled Amortization Period there are not sufficient funds to pay the Controlled Distribution Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Class A Controlled Amortization Period to make up for such shortfalls, the final payment of principal of the Class A Certificates will occur later than the Class A Expected Final Payment Date.

• If for one or more months during the Class B Amortization Period there are not sufficient funds to pay the Controlled Distribution Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Class B Amortization Period to make up for such shortfalls, the final payment of principal of the Class B Certificates will occur later than the Class B Expected Final Payment Date.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2015-1 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2012-3 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2019-3 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

More Definitions of Controlled Distribution Amount

Controlled Distribution Amount means, for any Distribution Date with respect to the Scheduled Amortization Period, an amount equal to the sum of the Controlled Amortization Amount for such Distribution Date and any Deficit Controlled Amortization Amount for the preceding Distribution Date.

Controlled Distribution Amount means, with respect to any Series of Notes, the amount (or amounts), if any, specified in the applicable Series Supplement.

Controlled Distribution Amount for a Distribution Date means the sum of (a) [the excess, if any, of (i)] the Controlled Amortization Amount for such Distribution Date [over (ii) the quotient obtained by dividing the amount on deposit in the Excess Funding Account as of the [ ] Distribution Date (after giving effect to any withdrawals from or deposits to such account on such date) by [ ],] plus (b) any Controlled Distribution Amount for a prior Distribution Date not previously distributed to Series [199_-_] Certificateholders.]

Controlled Distribution Amount means, for any Payment Date, an amount equal to the sum of (i) the Class A Controlled Distribution Amount, plus (ii) the Class B Controlled Distribution Amount, plus (iii) the Class C Controlled Distribution Amount.

Controlled Distribution Amount means, with respect to any Distribution Date, the excess, if any, of (a) the sum of (i) the product of the Controlled Amortization Amount and the number of Distribution Dates from and including the first Distribution Date with respect to the Accumulation Period through and including such Distribution Date (but not in excess of the Accumulation Period Length) and (ii) the amount on deposit in the Excess Funding Account as of the May 2003 Distribution Date (after giving effect to any withdrawals from or deposits to such account on such date (other than the transfer to the Principal Funding Account of the amounts on deposit therein on such date)), over (b) the sum of amounts on deposit in the Excess Funding Account and the Principal Funding Account, in each case before giving effect to any withdrawals from or deposits to such accounts on such Distribution Date.

Controlled Distribution Amount means the Class A Controlled Distribution Amount, the Class B Controlled Distribution Amount, the Class C Controlled Distribution Amount and the Class D Controlled Distribution Amount, collectively.

Controlled Distribution Amount means, for any Transfer Date with respect to the Controlled Amortization Period an amount equal to one-twelfth of the Invested Amount at the end of the Revolving Period; provided that upon an adjustment pursuant to Section 4.11(a), the Controlled Distribution Amount for any Monthly Period occurring in whole or in part after such date shall be adjusted to an amount equal to (a) the Invested Amount as adjusted on such Adjustment Date divided by (b) a number equal to twelve minus the number of complete Monthly Periods which have occurred from the Controlled Amortization Date to such Adjustment Date.