Group III Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.
Group III Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III (exclusive of the portion thereof attributable to principal distributions to the Class A-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 III Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III (exclusive of the portion thereof attributable to principal distributions to the Class A-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 III Senior Liquidation Amount.
Group III Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group III remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(W) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group III Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi).
Examples of Group III Senior Principal Distribution Amount in a sentence
The Trustee shall notify DTC as to which requests should be honored on each Distribution Date at least two Business Days prior to such Distribution Date and shall notify DTC as to the portion of the Group II or Group III Senior Principal Distribution Amount, as applicable (together with any amounts available for distribution from the applicable Rounding Account), to be distributed to the Special Retail Certificates by mandatory distribution pursuant to Section 4.06(d).
A) first, to the Class III-A Certificates, the Accrued Certificate Interest for such Distribution Date; B) second, to the Class III-A Certificates, the Group III Senior Principal Distribution Amount for such Distribution Date until the Certificate Principal Balance thereof has been reduced to zero.
More Definitions of Group III Senior Principal Distribution Amount
Group III Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Group III Available Funds remaining after the distribution of all amounts required to be distributed pursuant to Section 6.01(B) and (b) the sum of the following:
Group III Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group III remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(Y) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group III Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi). Group III Subordinate Component: On any date of determination, the excess of the aggregate Stated Principal Balance of the Group III Loans as of such date over the aggregate Certificate Principal Balance of the Group III Certificates then outstanding.
Group III Senior Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the aggregate Certificate Principal Balance of the Group III Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 59.30% and (ii) the aggregate Stated Principal Balance of the Group III 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 excess, if any, of the aggregate Stated Principal Balance of the Group III 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) over 0.50% of the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the Cut-off Date.
Group III Senior Principal Distribution Amount. With respect to each Distribution Date is equal to 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 III for that distribution date and the denominator of which is the aggregate Principal Remittance Amount for each Loan Groups for that Distribution Date.
Group III Senior Principal Distribution Amount. The excess of (x) the aggregate Certificate Principal Balance of the Group III Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.9998% and (ii) the aggregate Stated Principal Balance of the Group III 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 excess of the aggregate Stated Principal Balance of the Group III 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) over $1,118,101.84.
Group III Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group III remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(W) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group III Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi). Group III Subordinate Amount: On any date of determination, the excess of the aggregate Stated Principal Balance of the Group III Loans as of such date over the aggregate Certificate Principal Balance of the Group III Certificates then outstanding. Initial Monthly Payment Fund: $[0] representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the February 2006 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment.
Group III Senior Principal Distribution Amount. With respect to any Distribution Date on or after the Group III Stepdown Date and on which a Group III Trigger Event is not in effect, the amount equal to the lesser of (I) the aggregate Certificate Principal Balance of the Group III Senior Certificates immediately prior to such Distribution Date and (II) the excess of (x) the aggregate Certificate Principal Balance of the Group III Senior Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 57.20% and (ii) the aggregate Stated Principal Balance of the Group III 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 III 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 the Group III Overcollateralization Floor.