Examples of Group I Certificate Principal Balance in a sentence
In addition, to the extent the related Servicer receives Subsequent Recoveries with respect to any defaulted Group I Loan, the amount of the Realized Loss with respect to that defaulted Group I Loan will be reduced to the extent such Subsequent Recoveries are applied to reduce the Group I Certificate Principal Balance of any Class of Adjustable Rate Certificates on any Distribution Date.
All reductions in the Group I Certificate Principal Balance of a Certificate effected by distributions of principal or allocations of Realized Losses with respect to Group I Loans made on any Distribution Date shall be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer or exchange therefor or in lieu thereof, whether or not such distribution is noted on such Certificate.
Notwithstanding anything to the contrary in this Agreement, in no event will the Group I Certificate Principal Balance of any Class I-A-3 Certificate, Class I-A-4 Certificate or Group I Mezzanine Certificate be reduced more than once in respect of any particular amount both (i) allocable to the Class I-A-3 Certificate, Class A-I-4 Certificate or Group I Mezzanine Certificate in respect of Realized Losses and (ii) payable as principal to the Holder of the such Certificate from Net Monthly Excess Cashflow.
Any allocation of Realized Losses to a Class I-A-3 Certificate, Class I-A-4 Certificate or Group I Mezzanine Certificate on any Distribution Date shall be made by reducing the Group I Certificate Principal Balance thereof by the amount so allocated as of such Distribution Date after all distributions on such Distribution Date have been made.