Group IV Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV, and (iii) the Group IV Senior Liquidation Amount.
Group IV Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group IV remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(X) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group IV Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xv).
Group IV Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class A-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 IV Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class A-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 IV Senior Liquidation Amount.
Examples of Group IV Senior Principal Distribution Amount in a sentence
On each distribution date, an amount up to the Group IV Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class IV-A-1 Certificates, until its Class Principal Balance has been reduced to zero.
More Definitions of Group IV Senior Principal Distribution Amount
Group IV Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group IV remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(Z) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group IV Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi). Group IV Subordinate Component: On any date of determination, the excess of the aggregate Stated Principal Balance of the Group IV Loans as of such date over the aggregate Certificate Principal Balance of the Group IV Certificates then outstanding. Index: With respect to any Mortgage Loan and as to any Adjustment Date therefor, the related index as stated in the related Mortgage Note.
Group IV Senior Principal Distribution Amount. As to any Distribution Date, the sum of (i) the related Senior Percentage of the Principal Payment Amount for Loan Group IV (exclusive of the portion attributable to the Class IV-P Principal Distribution Amount), (ii) the related Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV (exclusive of the portion attributable to the Class IV-P Principal Distribution Amount), and (iii) the Senior Liquidation Amount for Loan Group IV. Indirect Participants: Entities, such as banks, brokers, dealers and trust companies, that clear through or maintain a custodial relationship with a Participant, either directly or indirectly.
Group IV Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group IV remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(Z) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group IV Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi). Group IV Subordinate Component: On any date of determination, the excess of the aggregate Stated Principal Balance of the Group IV Loans as of such date over the aggregate Certificate Principal Balance of the Group IV Certificates then outstanding. Group V Certificate: Any one of the Class V-A Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A, each such Certificate evidencing an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and representing an undivided interest in Loan Group V.
Group IV Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class IV-P-L Regular Interests pursuant to clauses (I)(d)(i) and (II)(d)(i) of the definition of "REMIC I Distribution Amount"), (b) the Group IV Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class IV-P-L Regular Interests pursuant to clauses (I)(d)(i) and (II)(d)(i) of the definition of "REMIC I Distribution Amount") and (c) the Group IV Senior Liquidation Amount. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.
Group IV Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV, (b) the Group IV Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV and (c) the Group IV Senior Liquidation Amount. Group IV Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group IV Senior Percentage for such date. Group IV Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group IV Senior Prepayment Percentage for such Distribution Date; provided, however, that if the Class Principal Balance of the Class IV-A Certificates has been reduced to zero, then the Group IV Subordinate Prepayment Percentage shall equal 100%. Group V Certificates: The Class V-A and Class V-X Certificates.
Group IV Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class IV-P-L Regular Interests pursuant to clauses (I)(d)(i) and (II)(b)(i) of the definition of "REMIC I Distribution Amount"), (b) the Group IV Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV (exclusive of the portion thereof attributable to principal distributions to the Class IV-P-L Regular Interests pursuant to clauses (I)(d)(i) and (II)(b)(i) of the definition of "REMIC I Distribution Amount"), (c) the Group IV Senior Liquidation Amount and (d) the excess, if any, of the principal portion of Special Insurance Proceeds received with respect to the Group IV Loans which became Liquidated Mortgage Loans during the Prior Period (exclusive of the portion thereof attributable to principal distributions to the Class IV-P-L Regular Interests pursuant to clauses (I)(d)(i) and (II)(b)(i) of the definition of "REMIC I Distribution Amount") over the amount specified in clause (II) of the definition of "Class IV-AM Principal Distribution Amount".
Group IV Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group IV Senior Percentage of the Principal Payment Amount for Loan Group IV, (b) the Group IV Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group IV and (c) the Group IV Senior Liquidation Amount. Group IV Subordinate Balance: For any date of determination, an amount equal to the then outstanding aggregate Principal Balance of the Group IV Loans reduced by sum of (i) the aggregate Class Principal Balance of the Group IV-A and Residual Certificates and (ii) the amount by which $2999.97 exceeds the amounts on deposit in the Rounding Accounts. Group IV Subordinate Percentage: With respect to any Distribution Date, the excess of 100% over the Group IV Senior Percentage for such date. Group IV Subordinate Prepayment Percentage: On any Distribution Date, the excess of 100% over the Group IV Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group IV-A and Residual Certificates has been reduced to zero, then the Group IV Subordinate Prepayment Percentage shall equal 100%. Group IV-A Certificates: The Class IV-A-1, Class IV-A-2, Class IV-A- 3, Class IV-A-4, Class IV-A-5, Class IV-A-6, Class IV-A-7, Class IV-A-8 and Class IV-A-9 Certificates. Group IV-A-L Regular Interests: The Class IV-A-1-L, Class IV-A-2-L, Class IV-A-3-L, Class IV-A-4-L, Class IV-A-5-L, Class IV-A-6-L, Class IV- A-7-L, Class IV-A-8-L and Class IV-A-9-L Regular Interests. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly. Insurance Proceeds: Amounts paid or payable by the insurer under any Primary Insurance Policy or any other insurance policy (including any replacement policy permitted under this Agreement) covering any Mortgage Loan or Mortgaged Property, including, without limitation, any hazard insurance policy required pursuant to Section 3.07, any title insurance policy required pursuant to Section 2.03 and any FHA insurance policy or VA guaranty. Interest Distribution Amount: On any Distribution Date, for any Class of the REMIC I Regular Interests, the REMIC II Regular Interests