Group 4 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 4 Senior Percentage of the Principal Payment Amount for Loan Group 4, (b) the Group 4 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 4 and (c) the Group 4 Senior Liquidation Amount.
Group 4 Senior Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount for Loan Group 4 remaining after the distribution of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(IV), and (b) the sum of the amounts required to be distributed therefrom to the holders of the Class 4-A Certificates on such Distribution Date pursuant to Section 4.02(a)(ii) hereof.
Group 4 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 4 Senior Percentage of the Principal Payment Amount for Loan Group 4 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(d)(i) and (II)(d)(i) of the definition of “REMIC II Distribution Amount”), (b) the Group 4 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 4 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(d)(i) and (II)(d)(i) of the definition of “REMIC II Distribution Amount”) and (c) the Group 4 Senior Liquidation Amount.
Examples of Group 4 Senior Principal Distribution Amount in a sentence
On each Distribution Date, (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group 4 Senior Principal Distribution Amount contributed from the Non-Conforming Balance Loans will be distributed in the following order of priority: (ii) to the holders of the Class 4-A-2 Certificates and Non-Conforming Class 4-A-3 Component, until the class balance and component balance thereof have been reduced to zero.
On each Distribution Date, (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group 4 Senior Principal Distribution Amount contributed from the Conforming Balance Loans will be distributed in the following order of priority: (i) to the holders of the Class 4-A-1 Certificates and Conforming Class 4-A-3 component, until the class balance and component balance thereof have been reduced to zero.
On each Distribution Date, (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Group 4 Senior Principal Distribution Amount contributed from the Non-Conforming Balance Loans will be distributed in the following order of priority: (ii) to the holders of the Class 4-A-2 Certificates and Non-Conforming Class 4-A-3 component, until the class balance and component balance thereof have been reduced to zero.
On each Distribution Date, (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Group 4 Senior Principal Distribution Amount contributed from the Conforming Balance Loans will be distributed in the following order of priority: (i) to the holders of the Class 4-A-1 Certificates and Conforming Class 4-A-3 component, until the class balance and component balance thereof have been reduced to zero.
More Definitions of Group 4 Senior Principal Distribution Amount
Group 4 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 4 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 4 Senior Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Group 4 Senior Percentage of the Principal Payment Amount for Loan Group 4, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 4, and (iii) the Group 4 Senior Liquidation Amount. Group 4 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 4 Senior Percentage. Group 5: 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 5 or with respect to the Certificates, the Group 5 Certificates.
Group 4 Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the Group 4 Senior Percentage of the Principal Payment Amount for Loan Group 4, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 4, and (iii) the Group 4 Senior Liquidation Amount. Group 4 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 4 Senior Percentage. Group 5: With respect to the Mortgage Loans, the pool of adjustable rate Mortgage Loans identified in the related Mortgage Loan Schedule as having been assigned to Group 5A, Group 5B and Group 5C or with respect to the Certificates, the Group 5 Certificates. Group 5 Certificates: The Class 5-A-1-1, Class 5-A-1-2, Class 5-A-2, Class 5-A-3, Class 5-A-4, Class 5-A-5-1, Class 5-A-5-2, Class 5-M-1, Class 5-M-2, Class 5-M-3, Class 5-M-4 and Class 5-X Certificates. Group 5 Credit Support Depletion Date: The first Distribution Date on which the aggregate Class Principal Balance of the Group 5 Subordinate Certificates has been or will be reduced to zero. Group 5 Optimal Interest Remittance Amount: For any Distribution Date and Loan Group 5A, Loan Group 5B and Loan Group 5C, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans in such Loan Group as of the first day of the related Collection Period divided by (y) 12 and (2) the applicable Aggregate Loan Group Balance for such Loan Group for the immediately preceding Distribution Date (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceding the current Distribution Date), over (ii) any expenses that reduce the Interest Remittance Amount that did not arise as a result of a default or delinquency of the Mortgage Loans in such Loan Group or were not taken into account in computing the Expense Fee Rate. Group 5 Senior Certificates: The Group 5A Senior Certificates, Group 5B Senior Certificates and Group 5C Senior Certificates. Group 5 Senior Enhancement Percentage: For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Balance of the Class 5-M-1, Class 5-M-2, Class 5-M-3 and Class 5-M-4 Certificates and the Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero), in each case after giving effect to payments on such Distribution Date (assuming no Trigger Event has occurred), and...
Group 4 Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the Group 4 Senior Percentage of the Principal Payment Amount for Loan Group 4, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 4, and (iii) the Group 4 Senior Liquidation Amount. Group 4 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 4 Senior Percentage. Group 5: With respect to the Mortgage Loans, the pool of adjustable rate Mortgage Loans identified in the related Mortgage Loan Schedule as having been assigned to Group 5A and Group 5B or with respect to the Certificates, the Group 5 Certificates. Group 5 Certificates: The Class 5-A-1-1, Class 5-A-1-2, Class 5-A-2, Class 5-M-1, Class 5-M-2, Class 5-M-3, Class 5-M-4 and Class 5-X Certificates. Group 5 Credit Support Depletion Date: The first Distribution Date on which the aggregate Class Principal Balance of the Group 5 Subordinate Certificates has been or will be reduced to zero.
Group 4 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 lesser of (a) the aggregate Class Certificate Balance of the Class 4-A Certificates immediately prior to such Distribution Date and (b) the Group 4 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 Class Certificate Balance of the Class 4-A Certificates immediately prior to such Distribution Date over (b) the lesser of (x) the product of (i) 83.60% and (ii) the Pool Stated Principal Balance for Loan Group 4 as of the Due Date in the month of such Distribution Date and (y) the amount by which the Pool Stated Principal Balance for Loan Group 4 as of the Due Date in the month of such Distribution Date exceeds the product of (i) 1.25% and (ii) the Cut-off Date Pool Principal Balance for Loan Group 4.