Formula Distribution Amount definition

Formula Distribution Amount. With respect to the Class A-1 Certificates for any Distribution Date, the sum of the Class A-1 Interest Distribution Amount and the Class A-1 Principal Distribution Amount.
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Formula Distribution Amount means, for any Payment Date and each Class of Certificates, the amount distributable in respect of such Class in accordance with the priorities described in Sections 8.04(b), 8.04(c), and 8.04(d), assuming a sufficient Amount Available.
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Formula Distribution Amount means, for any Payment Date, the sum of the amounts described in clauses (i) and (ii) of Section 5.03(b)(2).
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Examples of Formula Distribution Amount in a sentence

  • Action recommended: Approve the transfer and the new manager for this license.

  • AMOUNT, IF ANY, BY WHICH CLASS HI: B-1 FORMULA DISTRIBUTION AMOUNT EXCEEDS CLASS HI: B-1 DISTRIBUTION AMOUNT $ 0.00 -------------------- CLASS HI: B-2 CERTIFICATES --------------------------- 42.

  • AMOUNT, IF ANY, BY WHICH CLASS M-1 FORMULA DISTRIBUTION AMOUNT EXCEEDS CLASS M-1 DISTRIBUTION AMOUNT $ 0.00 -------------- CLASS HE: M-2 CERTIFICATES --------------------------- 22.

  • If we receive such written notice and wish from you, we will pay anddistribute the Encashment Value of the Plan by selling all units in Plan Account under the Plan at the next Valuation Date after deducting any charges applicable in respect of the Plan and amounts owing to us.

  • AMOUNT, IF ANY, BY WHICH CLASS A FORMULA DISTRIBUTION AMOUNT EXCEEDS CLASS A DISTRIBUTION AMOUNT $ 0.00 -------------- DISTRIBUTION DATE: 9/15/98 ------------------ CUSIP# 393505 ZJA ZK1 ------------------ ZL9 ZM7 ZN5 ZPO ------------------ ZQ8 ZR6 ZS4 ------------------ TRUST ACCOUNT: 3336335-0 ------------------ CLASS HE: M-1 CERTIFICATES --------------------------- 13.

  • AMOUNT BY WHICH THE FORMULA DISTRIBUTION AMOUNT EXCEEDS THE CLASS DISTRIBUTION AMOUNT 0.00 19.

  • PRINCIPAL BALANCE OF CONTRACTS IN REPOSSESSION 514,652.31 (K) AGGREGATE NET LIQUIDATION LOSSES 0.00 (L) (X) CLASS B-2 FORMULA DISTRIBUTION AMOUNT 0.00 (Y) REMAINING AMOUNT AVAILABLE 117,323.28 --------------- AMOUNT OF (X) OVER (Y) 0.00 (M) CLASS B-2 LIQUIDATION LOSS AMOUNT 0.00 (N) GUARANTEE PAYMENT 0.00 (O) UNADVANCED SHORTFALLS 0.00 NO.

  • AMOUNT, IF ANY, BY WHICH CLASS B FORMULA DISTRIBUTION AMOUNT EXCEEDS CLASS B DISTRIBUTION AMOUNT $ 0.00 -------------- INTEREST ON CLASS HE: M-1, M-2, B LIQUIDATION LOSS PRINCIPAL AMOUNT 45.

  • AMOUNT, IF ANY, ON WHICH CLASS HE: B-2 FORMULA DISTRIBUTION AMOUNT AND CLASS HE: B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT EXCEEDS CLASS HE: B-2 DISTRIBUTION AMOUNT $ 0.00 ----------------- INTEREST ON CLASS HI: M-1, M-2, B-1, AND B-2 LIQUIDATION LOSS PRINCIPAL AMOUNT 46.


More Definitions of Formula Distribution Amount

Formula Distribution Amount. With respect to the Class A-4 Certificates for any Distribution Date, the sum of the Class A-4 Interest Distribution Amount and the Class A-4 Principal Distribution Amount. CLASS A-4 FORMULA PASS-THROUGH RATE: A per annum rate equal to LIBOR plus 0.30%. On any Distribution Date after the Clean-Up Call Date, the Class A-4 Formula Pass-Through Rate will be equal to LIBOR plus 0.60% per annum.
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Formula Distribution Amount. As to any Distribution Date, an amount equal to the sum of (a) one month's interest (or, as to the first Distribution Date, interest from and including the Closing Date to but excluding _____) at the Class HE: B-1 Pass-Through Rate on the excess of the Class HE: B-1 Principal Balance over the Class HE: B-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Distribution Date, (b) any Unpaid Class HE: B-1 Interest Shortfall, and (c) if such Distribution Date is on or prior to the Class HE: B-1 Cross-over Date, the Class HE: B Percentage of the Sub-Pool HE Formula Principal Distribution Amount; provided, however, that on the Class HE: M-2 Cross-over Date, the balance of any amounts that would have been distributable on such date pursuant to clause (c) of the definition of the term "Class HE: M-2 Formula Distribution Amount" (assuming a sufficient Sub-Pool HE Amount Available) but for the operation of the second proviso in such definition shall instead be included in clause (c) of this definition; and provided, further, that the aggregate of all amounts distributed pursuant to clause (c) of this definition shall not exceed the Original Class HE: B-1 Principal Balance.
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Formula Distribution Amount. As to any Distribution Date, an
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Formula Distribution Amount. As to any Distribution Date, an amount equal to the sum of (a) one month's interest (or, as to the first Distribution Date, interest from and including the Closing Date to but excluding _____) at the Class HI: B-1 Pass-Through Rate on the excess of the Class HI: B-1 Principal Balance over the Class HI: B-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Distribution Date, (b) any Unpaid Class HI: B-1 Interest Shortfall, and (c) if such Distribution Date is on or prior to the Class HI: B-1 Cross-over Date, the Class HI: B Percentage of the Sub-Pool HI Formula Principal Distribution Amount; provided, however, that on the Class HI: M-2 Cross-over
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Related to Formula Distribution Amount

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Formula Principal Distribution Amount means, as of any Remittance Date, the sum of:

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • M2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A and Class M1 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M2 Certificates immediately prior to such Distribution Date exceeds (y) the M2 Target Amount.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • M1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 Target Amount.

  • M3 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates and the Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

  • Group 1 Principal Distribution Amount With respect to any Distribution Date is the sum of (i) the Group 1 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Overcollateralization Increase Amount for such Distribution Date and (b) the Group 1 Percentage.

  • Residual Distribution Amount For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount for Loan Group 1 and Loan Group 2 remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of “REMIC I Distribution Amount”. For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distribution pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-3 Residual Interest and for Loan Group 1 and Loan Group 2, any portion of the REMIC III Available Distribution Amount for Loan Group 1 and Loan Group 2, respectively, remaining after all distributions of such REMIC III Available Distribution Amount pursuant to clauses (I)(A), (I)(B), (I)(C), (II)(A) and (II)(B), as applicable, of the definition of “REMIC III Distribution Amount” (other than the distributions pursuant to the last subclause of clauses (I)(C), (II)(A) and (II)(B)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, REMIC II and REMIC III, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC III Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1, Class R-2 and Class R-3 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.