Group II Principal Distribution Amount definition

Group II Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

Group II Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the principal portion of each Monthly Payment due on the Group II Mortgage Loans during the related Due Period, whether or not received on or prior to the related Determination Date; (ii) the Stated Principal Balance of any Group II Mortgage Loan that was purchased during the related Prepayment Period pursuant to or as contemplated by Section 2.03 or Section 9.01 and the amount of any shortfall deposited in the Collection Account in connection with the substitution of a Deleted Mortgage Loan pursuant to Section 2.03 during the related Prepayment Period; (iii) the principal portion of all other unscheduled collections (including, without limitation, Principal Prepayments, Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries and REO Principal Amortization) received on the Group II Mortgage Loans during the related Prepayment Period, net of any portion thereof that represents a recovery of principal for which an Advance was made by the Servicer pursuant to Section 4.03 in respect of a preceding Distribution Date and (iv) the Group II Allocation Percentage of any Overcollateralization Increase Amount for such Distribution Date minus (v) the Group II Allocation Percentage of any Overcollateralization Reduction Amount for such Distribution Date. In no event will the Principal Distribution Amount with respect to any Distribution Date be (x) less than zero or (y) greater than the then outstanding aggregate Certificate Principal Balance of the Floating Rate Certificates.

Group II Principal Distribution Amount. With respect to any Distribution Date, the product of the Principal Distribution Amount for such Distribution Date and a fraction, the numerator of which is the Principal Funds for Loan Group II for such Distribution Date and the denominator of which is the Principal Funds for both Loan Groups for such Distribution Date.

Examples of Group II Principal Distribution Amount in a sentence

• On each Distribution Date, the Group I Available Distribution amount for Pool I, the Group II Interest Funds and the Group II Principal Distribution Amount for Pool II and such date and Group II Monthly Excess Cashflow for Pool II for such date will be distributed from the Certificate Account to Holders of the related Certificates according to the terms of the Pooling and Servicing Agreement.

• Any Group II Excess Spread to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount will be the Group II Extra Principal Distribution Amount and will be included as part of the Group II Principal Distribution Amount.

• For any Distribution Date and the Pool 3 Loans, the aggregate of the following with respect to each Pool 3 Discount Loan: the Pool 3 Discount Fraction of the amounts described in the definition of Group II Principal Distribution Amount, Principal Prepayment Amount and Liquidation Principal.

• The Group II Principal Distribution Percentage of (i) scheduled and unscheduled principal received from the Mortgage Loans and (ii) excess spread to the extent distributable as principal to replenish O/C to the required level (the "Group II Principal Distribution Amount") will be paid to the Class AV-1, Class AV-2 and Class AV-3 Certificates.

• Finally, if the Class M-2A Certificate Principal Balance is reduced to zero, the Owners of the Class B-1A Certificates will be entitled to receive 100% of the Group II Principal Distribution Amount until the Grouip II Stepped Up Enhancement Level is met.

More Definitions of Group II Principal Distribution Amount

Group II Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the sum of (i) the excess of (x) Group II Available Distribution Amount over (y) the Group II Interest Distribution Amount, and (ii) any Group I Excess Cash Flow used to pay principal on the Class A-II Certificates and Class M-II Certificates pursuant to Section 4.02(c), and (b) the sum of:

Group II Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the principal portion of all Monthly Payments on the Group II Mortgage Loans due during the related Due Period, whether or not received on or prior to the related Determination Date; (ii) the principal portion of all proceeds received in respect of the repurchase of a Group II Mortgage Loan or, in the case of a substitution, the Substitution Shortfall Amount, during the related Prepayment Period pursuant to or as contemplated by Section 2.03 and Section 10.01 of this Agreement; (iii) the principal portion of all other unscheduled collections, including Insurance Proceeds, Liquidation Proceeds and all Principal Prepayments in full and in part, received during the related Prepayment Period, to the extent applied as recoveries of principal on the Group II Mortgage Loans; and (iv) the Class A-2 Allocation Percentage of any Overcollateralization Increase Amount for such Distribution Date, minus (v) the Class A-2 Allocation Percentage of any Overcollateralization Reduction Amount for such Distribution Date and (vi) amounts payable or reimbursable to the Servicer, the Trustee, the Custodian, the Credit Risk Manager, the Master Servicer or the Securities Administrator.

Group II Principal Distribution Amount. With respect to each Distribution Date, an amount equal to (i) the Principal Funds for Loan Group II for such Distribution Date, plus (ii) any Extra Principal Distribution Amount with respect to Loan Group II for such Distribution Date, minus (iii) any Group II Overcollateralization Release Amount for such Distribution Date.

Group II Principal Distribution Amount. As of any Payment Date, the sum of (i) the Group II Principal Remittance Amount (minus, for Payment Dates occurring on and after the Group II Stepdown Date and with respect to which a Trigger Event is not in effect, the Group II Overcollateralization Release Amount, if any) and (ii) the Group II Extra Principal Distribution Amount, if any.

Group II Principal Distribution Amount. With respect to the Class A-2 Certificates for any Payment Date, the lesser of:

Group II Principal Distribution Amount. As to any Payment Date, the portion of the Principal Distribution Amount attributable to the Group II Mortgage Loans, determined in accordance with the Class A Principal Allocation Percentage for the Class A-2 Notes.

Group II Principal Distribution Amount. With respect to any Distribution Date, the excess of: