For Pool 1 definition

For Pool 1. The Principal Distribution Amount for Pool 1 will be distributed on each Distribution Date as follows: (1) pro rata, to the Class 1-A1 and Class 1-A2 Certificates, until the Class Principal Amount of each such class has been reduced to zero; provided, however, for any Distribution Date (i) on or after the Stepdown Date and (ii) for which a Trigger Event is in effect, principal will be allocated sequentially to the Class 1-A1 and Class 1-A2 Certificates, in that order, until the Class Principal Amount of each such class has been reduced to zero; (2) concurrently as follows: (x) pro rata, to the Class 2-A1, Class 2-A2 and Class 2-A3 Certificates, after giving effect to distribution in clause (i)(B)(1) below, in accordance with the Senior Priority and (y) concurrently (i.e., pro rata, on the basis of the applicable aggregate Certificate Principal Amounts) as follows: (1) sequentially as follows: (i) first, pro rata, to the Class 3-A1A and Class 3-A1B Certificates; (ii) second, pro rata, to the Class 3-A2A and Class 3-A2B Certificates; (iii) third, pro rata, to the Class 3-A3A and Class 3-A3B Certificates; and (iv) fourth, to the Class 3-A4 Certificates, in each case until the Class Principal Amount of such class has been reduced to zero and (2) to the Class 3-A5 Certificates, until the Class Principal Amount of such class has been reduced to zero, after giving effect to distribution in clause (i)(C)(1) below, in accordance with the Senior Priority, until the Class Principal Amount of each such class has been reduced to zero; (3) to the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9, Class M10 and Class M11 Certificates, sequentially, in that order, until the Class Principal Amount of each such class has been reduced to zero; and (4) for application as part of Section 5.02(d), any Principal Distribution Amount for Pool 1 remaining after application pursuant to clauses (1) through (3) of this Section 5.02(c)(i)(A).
Sample 1
For Pool 1. The Principal Distribution Amount for Pool 1 will be distributed in the following order of priority: (1) for deposit into the Swap Account, an amount equal to the lesser of (x) the product of (A) the amount of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty on the related Swap Payment Date (to the extent not paid previously or from the Interest Remittance Amount for such Distribution Date) and (B) the Pool Percentage for Pool 1 for such Distribution Date and (y) the Principal Remittance Amount for Pool 1 for such Distribution Date; (2) for deposit into the Swap Account, the amount of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty on the related Swap Payment Date (after giving effect to distributions made pursuant to subsections 5.02(e)(i)(A)(1) above and 5.02(e)(i)(B)(1) below, and to the extent not paid previously or from the Interest Remittance Amount for such Distribution Date); (3) to the Class A1 Certificates, until the Class Principal Amount of such Class has been reduced to zero; and (4) for application pursuant to subsection 5.02(e)(ii) below, any such Principal Distribution Amount remaining undistributed for such Distribution Date.
Sample 1Sample 2Sample 3
For Pool 1. The Principal Payment Amount for Pool 1 will be paid in the following order of priority: (A) pro rata, to the Class 1A1 Notes and Class 1A2 Notes, on the basis of their respective Class Principal Amounts, until the respective Class Principal Amount of each such class has been reduced to zero; provided, however, if a Pool 1 Sequential Trigger Event is in effect, then sequentially, to the Class 1A1 and Class 1A2 Notes, in that order, until the Class Principal Amount of each such class has been reduced to zero; (B) to the Class 2A1 Notes, after giving effect to payments pursuant to subsection 6.02(e)(i)(2)(A), until the Class Principal Amount of such class has been reduced to zero; (C) to the Class M1 Notes, until the Class Principal Amount of such class has been reduced to zero; (D) to the Class M2 Notes, until the Class Principal Amount of such class has been reduced to zero; (E) to the Class M3 Notes, until the Class Principal Amount of such class has been reduced to zero; (F) to the Class M4 Notes, until the Class Principal Amount of such class has been reduced to zero; (G) to the Class M5 Notes, until the Class Principal Amount of such class has been reduced to zero; (H) to the Class M6 Notes, until the Class Principal Amount of such class has been reduced to zero; (I) to the Class M7 Notes, until the Class Principal Amount of such class has been reduced to zero; (J) to the Class M8 Notes, until the Class Principal Amount of such class has been reduced to zero; (K) to the Class M9 Notes, until the Class Principal Amount of such class has been reduced to zero; (L) pro rata, to the Class B1A and Class B1F Notes, on the basis of their respective Class Principal Amounts, until the Class Principal Amount of each such class has been reduced to zero; (M) to the Class B2 Notes, until the Class Principal Amount of such class has been reduced to zero; (N) to the Class B3 Notes, until the Class Principal Amount of such class has been reduced to zero; and (O) for application as part of Monthly Excess Cashflow for such Payment Date, as provided for in subsection (f) of this Section, any such Principal Payment Amount for Pool 1 remaining after application pursuant to clauses (A) through (N) above.
Sample 1Sample 2

Examples of For Pool 1 in a sentence

  • For Pool 1, Enterprise Facility Modernization, the value of the minimum guarantee is $500,000.00 for each awardee.

  • For Pool 1 with respect to any Distribution Date a fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1 and Pool 2 for such date.

  • For Pool 1 or Pool 2 and any Distribution Date, a fraction, the numerator of which is the Pool Balance for such Mortgage Pool for such Distribution Date and the denominator of which is the Pool 1-2 Aggregate Loan Balance for such Distribution Date.

  • For Pool 1 there are no significant differences between the values of various treatments, SP0 ranges from (-1.8±4.9) to (+0.1±2.5).


More Definitions of For Pool 1

For Pool 1. The Principal Payment Amount for Pool 1 will be paid in the following order of priority: (A) sequentially, to the Class 1A1, Class 1A2 and Class 1A3 Notes, in that order, until the Class Principal Amount of each such class has been reduced to zero; (B) to the Class 2A1 Notes, after giving effect to payments pursuant to subsection 6.02(e)(i)(2)(A), until the Class Principal Amount of such class has been reduced to zero; (C) to the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9, Class B1, Class B2, Class B3 and Class B4 Notes, in accordance with the Subordinate Priority, until the Class Principal Amount of each such class has been reduced to zero; and (D) for application as part of Monthly Excess Cashflow for such Payment Date, as provided for in subsection (f) of this Section, any such Principal Payment Amount for Pool 1 remaining after application pursuant to clauses (A) through (C) above.
Sample 1
For Pool 1. Until the aggregate Class Principal Amount of the Class [A], Class [M] and Class [B] Certificates equals the Target Amount for such Distribution Date, the Principal Distribution Amount for Pool 1 will be distributed in the following order of priority: (1) [for deposit into the Supplemental Interest Trust Account the product of (A) the amount (to the extent such amount shall not be greater than the aggregate amount calculated pursuant to clause (a) of the definition of “Principal Remittance Amount,” as reduced by the amount calculated pursuant to clause (b)(i) thereof) of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (to the extent not paid on previous Distribution Dates or from the Interest Remittance Amount) and (B) the Pool Percentage for Pool 1 for such Distribution Date;] (2) [for deposit into the Supplemental Interest Trust Account the product of (A) the amount (to the extent such amount shall not be greater than the aggregate amount calculated pursuant to clause (a) of the definition of “Principal Remittance Amount,” as reduced by the amount calculated pursuant to clause (b)(i) thereof) of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (to the extent not paid on previous Distribution Dates, paid from the Interest Remittance Amount or paid from the Principal Distribution Amount for Pool 2) and (B) the Pool Percentage for Pool 2 for such Distribution Date;] (3) to the Class [A] Certificates, sequentially, in that order, in reduction of their Class Principal Amounts, until the Class Principal Amount of each such Class has each been reduced to zero; (4) to the Class [A] Certificates, after giving effect to distributions pursuant to subsection 4.1(d)(i)(B)(3) below, until the Class Principal Amount of such Class has been reduced to zero; (5) to the Class [M] Certificates, in reduction of their Class Principal Amount, until the Class Principal Amount of such Class has been reduced to zero; (6) to the Class [B] Certificates, in reduction of their Class Principal Amount, until the Class Principal Amount of such Class has been reduced to zero; and (7) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in subsection (e) of this Section, any Principal Distribution Amount for Pool 1 remaining after application pursuant to clauses (1) through (6) of this Section 4.1(d)(i)(A). [To be provided in accordance with the specific structure of each takedown.]
Sample 1
For Pool 1. The Principal Distribution Amount for Pool 1 will be distributed on each Distribution Date in the following order of priority: (1) pro rata (a) sequentially (1) to the Class 1-A1AU and (2) pro rata to the Class 1-A2A1 and Class 1-A2A2U and (b) to the Class 1-A2BU Certificates, in each case until the Class Principal Amount of such Class has been reduced to zero; (2) pro rata (a) sequentially (1) to the Class 1-A3A Certificates and (2) to the Class 1-A4 Certificates and (b) to the Class 1-A3BU certificates, in each case until the Class Principal Amount of such Class has been reduced to zero; (3) pro rata, to the Class 2-A1 and Class 2-A2 Certificates, after giving effect to distributions in Section 5.02(c)(i)(B)(1), until the Class Principal Amount of each such Class has been reduced to zero; (4) to the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8 and Class M9 Certificates, sequentially, in that order, in each case until the Class Principal Amount of each such Class has been reduced to zero; and (5) for application as part of the Monthly Excess Cashflow for such Distribution Date, pursuant to Section 5.02(d), any such Principal Distribution Amount remaining after application pursuant to Sections 5.02(c)(i)(A)(1) through (4) above.
Sample 1
For Pool 1. The Principal Distribution Amount for Pool 1 shall be distributed in the following order of priority: (1) (a) for deposit into the Supplemental Interest Trust Account, the Group 1 Swap Percentage of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (to the extent not deposited previously from the Interest Remittance Amount in accordance with clauses (b)(A)(i) and (ii) above);
Sample 1
For Pool 1. Until the aggregate Certificate Principal Amounts of the Class 1-A, Class 2-A, Class 3-A, Class M1, Class M2, Class M3, Class M4, Class M5, Class M6 and Class B Certificates equals the Target Amount for such Distribution Date, the Principal Distribution Amount for Pool 1 will be distributed in the following order of priority: (1) to the Class 1-A Certificates, until the Class Principal Amount of such Class has been reduced to zero; (2) to the Class 2-A and Class 3-A Certificates, in proportion to their Class Principal Amounts, after giving effect to distributions pursuant to subsections 5.02(e)(i)(B)(1) and 5.02
Sample 1

Related to For Pool 1

  • Net Pool Balance means, as of any date, the aggregate Outstanding Principal Balance of all Receivables (other than Defaulted Receivables) of the Issuer on such date.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Initial Pool Balance means, an amount equal to the aggregate Principal Balance of the Receivables as of the Cutoff Date.

  • Note Pool Factor means, with respect to each Class of Notes as of any Payment Date, a seven-digit decimal figure equal to the Outstanding Amount of such Class of Notes as of such Payment Date (after giving effect to any reductions thereof to be made on such Payment Date) divided by the original outstanding principal balance of such Class of Notes.

  • Pool 3 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 3.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Pool Percentage With respect to each Mortgage Pool and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Pool Balance for such Mortgage Pool for such date and the denominator of which is the Aggregate Pool Balance for such date.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Principal Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, determined as follows: (A) with respect to the Group I Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date and (B) with respect to the Group II Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.

  • Class B Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class B Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.

  • Certificate Pool Factor means, with respect to the Certificates on any Payment Date, a seven-digit decimal figure equal to the outstanding principal balance of the Certificates on such Payment Date (after giving effect to any reductions thereof to be made on such Payment Date) divided by the Original Certificate Balance.

  • Class A-1 Rate means [ ]% per annum.

  • Class B Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes and of the Class B Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (vi) of Section 5.7(a) on such Distribution Date.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

Most Referenced Clauses

Most Referenced Definitions