Group 3 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 3 Senior Percentage of the Principal Payment Amount for Loan Group 3, (b) the Group 3 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 3 and (c) the Group 3 Senior Liquidation Amount.
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount for Loan Group 3 remaining after the distribution of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(III), and (b) the sum of the amounts required to be distributed therefrom to the holders of the Class 3-A Certificates on such Distribution Date pursuant to Section 4.02(a)(ii) hereof.
Group 3 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 3 Senior Percentage of the Principal Payment Amount for Loan Group 3 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(c)(i) and (II)(c)(i) of the definition of “REMIC II Distribution Amount”), (b) the Group 3 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 3 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(c)(i) and (II)(c)(i) of the definition of “REMIC II Distribution Amount”) and (c) the Group 3 Senior Liquidation Amount.
More Definitions of Group 3 Senior Principal Distribution Amount
Group 3 Senior Principal Distribution Amount. With respect to each Distribution Date, the product of (i) the Senior Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 3 for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for all of the Loan Groups for that Distribution Date.
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Group 3 Senior Percentage of the Principal Payment Amount for Loan Group 3, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 3, and (iii) the Group 3 Senior Liquidation Amount. Group 3 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 3 Senior Percentage. Group 4: With respect to the Mortgage Loans, the pool of adjustable rate Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Group 4 or with respect to the Certificates, the Group 4 Certificates (as specified in the Preliminary Statement).
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date, is an amount equal to the Class AV Principal Distribution Amount multiplied by the Group 3 Percentage.
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date (i) prior to the related Stepdown Date or on or after the related Stepdown Date if a Trigger Event for the Group 3 Certificates is in effect, the Group 3 Principal Distribution Amount or (ii) on or after the related Stepdown Date if a Trigger Event for the Group 3 Certificates is not in effect for that Distribution Date, the lesser of: o the Group 3 Principal Distribution Amount for that Distribution Date; and o the excess (if any) of (A) the aggregate Class Principal Balance of the Group 3 Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (i) the aggregate Stated Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Due Period multiplied by 85.20% and (ii) the amount, if any, by which (x) the aggregate Stated Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Due Period exceeds (y) $829,054.
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date (i) before the Stepdown Date or as to which a Trigger Event is in effect, the Group 3 Principal Percentage of the Principal Distribution Amount and (ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect, the excess of (a) the aggregate Certificate Principal Balance of the Group 3 Certificates immediately prior to that Distribution Date over (b) the lesser of (x) the product of (1) approximately 57.60% and (2) the aggregate Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Collection Period after giving effect to Principal Prepayments in the related Prepayment Period and (y) the amount by which the aggregate Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Collection Period after giving effect to Principal Prepayments in the related Prepayment Period exceeds the product of (1) 0.50% and (2) the aggregate Principal Balance of the Group 3 Mortgage Loans on the Cut-off Date.
Group 3 Senior Principal Distribution Amount. With respect to any Distribution Date (i) before the Stepdown Date or as to which a Trigger Event is in effect, the sum of (a) the Group 3 Principal Percentage of the Principal Distribution Amount (excluding any amount included in the Principal Distribution Amount pursuant to clause (iii) of the definition thereof) and (b) on the Distribution Date immediately following the end of the Funding Period, any amount remaining in the Group 3 Pre-Funding Account after giving effect to any purchase of Additional Group 3 Mortgage Loans and (ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect, the sum of (a) the excess of (I) the sum of the Certificate Principal Balances of the Class A-3A, Class A-3B, Class A-3C1, Class A-3C2 and Class A-3D Certificates immediately prior to that Distribution Date over (II) the lesser of (x) the product of (1) 45.20% and (2) the sum of (A) the aggregate Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Collection Period after giving effect to Principal Prepayments in the related Prepayment Period and (B) any amounts remaining in the Group 3 Pre-Funding Account and (y) the amount by which the aggregate Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Collection Period after giving effect to Principal Prepayments in the related Prepayment Period exceeds the product of (1) 0.50% and (2) the sum of (A) the aggregate Principal Balance of the Group 3 Mortgage Loans on the Cut-off Date and (B) the Original Group 3 Pre-Funded Amount and (b) on the Distribution Date immediately following the end of the Funding Period, any amount remaining in the Group 3 Pre-Funding Account after giving effect to any purchase of Additional Group 3 Mortgage Loans. "Group Subordinate Amount" for any Distribution Date and (i) the Group 1 Mortgage Loans, will be equal to the excess of the aggregate Principal Balance of the Group 1 Mortgage Loans as of the first day of the related Collection Period over the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date, (ii) the Group 2 Mortgage Loans, will be equal to the excess of the aggregate Principal Balance of the Group 2 Mortgage Loans as of the first day of the related Collection Period over the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date and (iii) the Group 3 Mortgage Loans, will be equal to the excess of (a) the ...
Group 3 Senior Principal Distribution Amount. An amount equal to the excess of (x) the aggregate Certificate Balance of the Class 3-A Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.42% and (ii) the aggregate Stated Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Due Period (after giving effect to Scheduled Payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group 3 Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $1,150,691.63.