Group I Extra Principal Distribution Amount. With respect to any Distribution Date, an amount equal to (i) prior to the Group I Stepdown Date, the excess of (A) the sum of (I) the Group I Certificate Principal Balance (reduced by the Group I Principal Funds with respect to such Distribution Date) and (II) $_________ over (B) the Stated Principal Balance of the Group I Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group I as of such Distribution Date and (ii) on and after the Group I Stepdown Date, (A) the sum of (I) the Group I Certificate Principal Balance and (II) the greater of (x) ___% of the Stated Principal Balance of the Group I Mortgage Loans as of the end of the immediately preceding Due Period and (y) $_______ less (B) the Stated Principal Balance of the Group I Mortgage Loans as of the end of the immediately preceding Due Period, provided, however, that if on any Distribution Date a Group I Trigger Event is in effect, the Group I Extra Principal Distribution Amount will not be reduced to the percentage of the then current Stated Principal Balance of the Group I Mortgage Loans (and will remain fixed at such percentage of the then current Stated Principal Balance of the Group I Mortgage Loans as of the Due Date immediately prior to the occurrence of the Group I Trigger Event) until the next Distribution Date on which a Group I Trigger Event is not in effect. Notwithstanding the foregoing, the Group I Extra Principal Distribution Amount will equal zero with respect to each Distribution Date up to and including the Distribution Date in [Month/Year].
Group I Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (i) the excess, if any, of the Group I Overcollateralization Target Amount for such Distribution Date over the Group I Overcollateralization Amount for such Distribution Date (after giving effect to distributions of principal on the Certificates other than any Group I Extra Principal Distribution Amount) and (ii) the related Excess Spread for such Distribution Date.
Group I Extra Principal Distribution Amount. As of any Payment Date, the lesser of (x) the Group I Monthly Excess Interest Amount for such Payment Date and (y) the Group I Overcollateralization Deficiency for such Payment Date.
Examples of Group I Extra Principal Distribution Amount in a sentence
The "Group I Extra Principal Distribution Amount," with respect to each Payment Date, is the lesser of: (1) The excess, if any, of: (a) The Group I Required Overcollateralization Amount for such Payment Date over (b) The Group I Overcollateralization Amount (after giving effect to distributions of principal other than any Group I Extra Principal Distribution Amount) for such Payment Date and (2) The Group I Excess Cashflow for such Payment Date.
The Group I Overcollateralization Amount (after giving effect to distributions of principal other than any Group I Extra Principal Distribution Amount) for such Payment Date and (2) The Group I Excess Cashflow for such Payment Date.
More Definitions of Group I Extra Principal Distribution Amount
Group I Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (x) the Group I Net Monthly Excess Cashflow for such Distribution Date and (y) the Group I Overcollateralization Deficiency Amount for such Distribution Date.
Group I Extra Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans in Loan Group I (a) on or prior to the earlier of (1) the Group I 20% Clean-Up Call Date and (2) the Early Turbo Payment Date, the lesser of (x) the Excess Spread for Loan Group I for such Distribution Date and (y) the Group I Overcollateralization Increase Amount for such Distribution Date; and (b) thereafter, the Excess Spread for Loan Group I for such Distribution Date; provided that the Excess Spread described in clause (b) will be used first to pay any Group I Overcollateralization Increase Amount, any Net Interest Shortfalls related to Loan Group I and any Net WAC Rate Carryover Amounts on such Distribution Date, and the remainder will be applied as part of the Group I Extra Principal Distribution Amount.
Group I Extra Principal Distribution Amount. With "Group II Extra Principal Distribution Amount": respect to any Distribution Date, to the extent of Group With respect to any Distribution Date, to the extent of I Interest Funds pursuant to Section 3.02(a)(vii) and Group II Interest Funds pursuant to Section Group II Interest Funds available for the purpose 3.02(b)(vii) and Group I Interest Funds available for pursuant to Section 3.02(f)(vii) hereof, an amount equal the purpose pursuant to Section 3.02(e)(vii) hereof, an to the excess of (i) all Realized Losses with respect to amount equal to the excess of (i) all Realized Losses Group I over (ii) all Group I Extra Principal with respect to Group II over (ii) all Group II Extra Distribution Amounts with respect to prior Distribution Principal Distribution Amounts with respect to prior Dates. Distribution Dates.
Group I Extra Principal Distribution Amount. With respect to the Group I Certificates and any Distribution Date, the lesser of (x) the Group I General Excess Available Amount for such Distribution Date and (y) the related OC Deficiency Amount for such Distribution Date.
Group I Extra Principal Distribution Amount. With respect to the Group I Certificates and any Distribution Date, the Extra Principal Distribution Amount multiplied by a fraction, the numerator of which is the Principal Remittance Amount for the Group I Mortgage Loans and the denominator of which is the Principal Remittance Amount for both Loan Groups for such Distribution Date.
Group I Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the Group I Interest Funds and Group II Interest Funds available for the purpose set forth in Section 4.04(e) and (f) hereof, and (b) an amount equal to (i) prior to the Group I Stepdown Date, the excess of (A) the sum of (I) the Group I Certificate Principal Balance and (II) $2,090,000.00 over (B) the Stated Principal Balance of the Group I Mortgage Loans as of the end of the preceding Due Period and (ii) on and after the Group I Stepdown Date, the excess of (A) the sum of (I) the Group I Certificate Principal Balance and (II) the greater of (x) 2.20% of the Stated Principal Balance of the Group I Mortgage Loans as of the end of the preceding Due Period and (y) $950,000.00 over (B) the Stated Principal Balance of the Group I Mortgage Loans; provided, however, that if on any Distribution Date, a Group I Trigger Event is in effect, the Extra Principal Distribution Amount will not be reduced to the percentage of the then-current Stated Principal Balance until the next Distribution Date on which a Group I Trigger Event is not in effect.