Examples of Guaranteed Distribution in a sentence

It shall not be necessary for such payments to be made by checks or wire transfers separate from the checks or wire transfers used to pay the Guaranteed Distribution with other funds available to make such payment.
The Trust Administrator shall deposit any amount paid under the Policy in the Policy Payments Account and distribute such amount only for purposes of payment to Holders of Class A Certificates of the Guaranteed Distribution for which a claim was made, and such amount may not be applied to satisfy any costs, expenses or liabilities of either Servicer, the Master Servicer, the Trustee, the Trust Administrator or the Trust Fund.
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The Trustee shall deposit any amount paid to it under the Policy in the Insurance Account and distribute such amount only for purposes of payment to Holders of Insured Certificates of the Guaranteed Distribution for which a claim was made.
If for any Distribution Date the Trustee determines that the funds available for distribution to the Holders of the Class A-2 Certificates pursuant to Section 4.02 will be insufficient to pay the Guaranteed Distribution, the Trustee shall complete a notice in the form set forth as Exhibit A to the FSA Policy (the "Notice") and shall submit such Notice to the Fiscal Agent no later than 12:00 noon, New York time, on the third Business Day preceding such Distribution Date.

More Definitions of Guaranteed Distribution

Guaranteed Distribution. Not applicable.

Guaranteed Distribution means, with respect to the Class A-4, Class A-5A and Class A-6 Certificates as of any Distribution Date, the distribution to be made to the holders of the Class A-4, Class A-5A and any Class A-6 Certificates in an aggregate amount equal to the sum of, (i) any shortfalls in amounts available to pay interest for the related Interest Accrual Period on the Certificate Principal Balance of the Class A-4, Class A-5A and Class A-6 Certificates at the related Pass-Through Rate, net of (a) any Prepayment Interest Shortfalls allocated to the Class A-4, Class A-5A and Class A-6 Certificates, and (b) any interest shortfalls resulting from the application of the Relief Act allocated to the Class A- 4, Class A-5A or Clxxx A-6 Certificates and (ii) the Certificate Principal Balance of the Class A-4, Class A-5A and Class

Guaranteed Distribution. With respect to the Guaranteed Certificates, (a) for any Distribution Date, the sum of (i) the Current Interest for the Guaranteed Certificates for such Distribution Date, but excluding therefrom any Net Prepayment Interest Shortfalls, any shortfalls resulting from Net Negative Amortization and any Relief Act Reductions allocable to the Guaranteed Certificates on such Distribution Date, and (ii) the amount of any Applied Loss Amount allocated to the Guaranteed Certificates on such Distribution Date, and (b) for the Distribution Date in June 2047, the aggregate Class Principal Amount of the Guaranteed Certificates to the extent unpaid on such Distribution Date (after giving effect to all distributions to be made on such Distribution Date from sources other than the Certificate Insurance Policy).

Guaranteed Distribution. With respect to any Distribution Date and Class, ----------------------- the sum of (i) the Guaranteed Principal Distribution Amount for such Class and (ii) the amount to be distributed to the Holders of such Class of Investor Certificates pursuant to Section 5.01(a)(iii) for such Distribution Date.

Guaranteed Distribution. The meaning specified in the Certificate Policy.

Guaranteed Distribution means, with respect to the Insured Certificates as of any Distribution Date, the distribution to be made to the Holders of the Insured Certificates in an aggregate amount equal to the sum of (1) any shortfall in amounts available to pay interest for the related Interest Accrual Period on the Certificate Principal Balance of the Insured Certificates at the related Pass-Through Rate, net of any Prepayment Interest Shortfalls allocated to the Insured Certificates and net of any Relief Act Interest Shortfalls allocated to the Insured Certificates and (2) the Certificate Principal Balance of the Insured Certificates to the extent unpaid on the Final Distribution Date. A Guaranteed Distribution shall not include any Net WAC Rate Carryover Amounts, Prepayment Interest Shortfalls or Relief Act Interest Shortfalls.

Guaranteed Distribution means, with respect to any Distribution Date, the distribution to be made to the Holders of the Class A Certificates on such Distribution Date, and with respect to the first Distribution Date, the distribution to be made to the Holders of the Residual Certificates on such Distribution Date, in an aggregate amount equal to the sum of (i) the Interest Distribution Amounts on the Insured Certificates, (ii) the principal portion of any Realized Losses allocated to the Class A Certificates and, without duplication, the excess, if any, of (a) the aggregate Certificate Principal Balance of all of the Class A Certificates then outstanding over (b) the REMIC II Percentage of the aggregate principal balances of the Mortgage Loans then outstanding and (iii) if such Distribution Date is the earlier of the maturity date or the final Distribution Date for the Certificates, the outstanding Certificate Principal Balance of the Class A Certificates (without duplication of amounts included pursuant to clause (ii)), in each case in accordance with the original terms of the Certificates when issued and without regard to any amendment or modification of the Certificates or the Agreement which has not been consented to by the Insurer.