Group 1 Principal Distribution Target Amount definition
Group 1 Principal Distribution Target Amount. For any Distribution Date, the excess of (1) the Class Certificate Balance of the Class 1-A Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 84.80% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (y) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) minus 0.35% of the sum of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Initial Cut-off Date and the portion of the original Pre-funded Amount allocated to Loan Group 1.
Group 1 Principal Distribution Target Amount. For any Distribution Date, the excess of:
Group 1 Principal Distribution Target Amount. For any Distribution Date (A) after the Stepdown Date if a Trigger Event is not in effect, the excess of (1) the aggregate Class Certificate Balance of the Group 1 Senior Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 86.10% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (y) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) minus 0.40% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Cut-off Date, and (B) after the Stepdown Date on which a Trigger Even is in effect, the Group 1 Principal Distribution Target Amount for the immediately preceding Distribution Date.
More Definitions of Group 1 Principal Distribution Target Amount
Group 1 Principal Distribution Target Amount. For any Distribution Date, the excess of (1) the Class Certificate Balance of the Group 1 Senior Certificates immediately prior to such Distribution Date, over (2) the lesser of (i) 83.50% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (ii) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) minus (a) with respect to any Distribution Date prior to the Distribution Date in January 2027, an amount equal to 0.35% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans in Loan Group 1 as of the Initial Cut -off Date and the portion of the Pre-funded Amount allocated to Loan Group 1 and (b) on any Distribution Date on or after the Distribution Date in January 2027, the greater of (x) 0.35% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans in Loan Group 1 as of the Initial Cut -off Date and the portion of the Pre-funded Amount allocated to Loan Group 1 and (y) the sum of (I) the aggregate Stated Principal Balance of the 40-Year Mortgage Loans in Loan Group 1 as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (II) 0.10% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans in Loan Group 1 as of the Initial Cut-off Date and the portion of the Pre-funded Amount allocated to Loan Group 1.