Guaranteed Principal Distribution Amount. With respect to any Distribution Date, the amount, if any, by which (i) the aggregate Certificate Principal Balance of the Class A-1 Certificates (after giving effect to all amounts distributable and allocable to principal on such Class A-1 Certificates but prior to giving effect to any Guarantor Payment on such Distribution Date) exceeds (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans (after giving effect to the principal portion of Monthly Payments due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period).
Guaranteed Principal Distribution Amount. With respect to (a) any Distribution Date other than the Distribution Date in November 2032, the amount, if any, by which (i) the aggregate Certificate Principal Balance of the Class A-1 Certificates (after giving effect to all amounts distributable and allocable to principal on such Class A-1 Certificates but prior to giving effect to any Guarantor Payment on such Distribution Date) exceeds (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans (after giving effect to the principal portion of Monthly Payments 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 Distribution Date in November 2032, the amount equal to the Certificate Principal Balance of the Class A-1 Certificates (after giving effect to all amounts distributable and allocable to principal on such Class A-1 Certificates, but prior to giving effect to any Guarantor Payment on such Distribution Date).
Guaranteed Principal Distribution Amount. As defined in the Insurance Policy.
Examples of Guaranteed Principal Distribution Amount in a sentence
No amendment of the Plan shall (i) reduce the benefit of ----------- any Participant accrued under the Plan before such amendment is adopted or (ii) divert any part of the assets of the Plan to purposes other than the exclusive purpose of providing benefits to the Participants and Beneficiaries who have an interest in the Plan and of defraying the reasonable expenses of administering the Plan and the Trust Fund.
For any Distribution Date as to which there is a Guaranteed Principal Distribution Amount, the Trustee shall distribute the Guaranteed Principal Distribution Amount to Certificateholders from the amount drawn under the Policy for such Distribution Date pursuant to Section 4.02.
For any Distribution Date as to which there is a Guaranteed Principal Distribution Amount, the Trustee shall distribute the Guaranteed Principal Distribution Amount to Certificateholders from the amount drawn under the Policy for such Distribution Date pursuant to Section 4.
For any Distribution Date as to which there is a Guaranteed Principal Distribution Amount, the Indenture Trustee shall distribute the Guaranteed Principal Distribution Amount to Noteholders from the amount drawn under the Policy for such Distribution Date pursuant to Section 4.02 of the Sale and Servicing Agreement.
More Definitions of Guaranteed Principal Distribution Amount
Guaranteed Principal Distribution Amount. With respect to any Distribution Date (other than the Final Distribution Date) and a Class of Notes, the amount, if any, by which the Note Principal Balance of such Class of Notes exceeds the sum of (i) the related Group Principal Balance as of the end of the related Remittance Period (after giving effect to all payments of principal on such Notes on such Distribution Date pursuant to Section 5.01(a) hereof). With respect to the Final Distribution Date and a Class of Notes, the outstanding Note Principal Balance of such Class of Notes (after giving effect to all payments of principal on such Notes on such Final Distribution Date pursuant to Section 5.01(a) hereof).
Guaranteed Principal Distribution Amount. With respect to any Distribution Date, (i) on any such Distribution Date, other than the Distribution Date in ___________ 20___, the amount, if any, required to reduce the Investor Certificate Principal Balance (after giving effect to the distributions of Interest Collections and Principal Collections that are allocable to principal on the Investor Certificates on such Distribution Date) to the Invested Amount immediately following such Distribution Date or (ii) on the Distribution Date in _____________ 20___, the amount by which the outstanding Investor Certificate Principal Balance (after giving effect to Interest Collections allocable and distributable to principal on the Investor Certificates on such Distribution Date) exceeds the sum of the amounts on deposit in the Collection Account available to be distributed to the Investor Certificateholders pursuant to Section 5.01(b) hereof.
Guaranteed Principal Distribution Amount. With respect to any Distribution Date, the amount, if any, by which the Class Principal Amount of the Class A1 Certificates (after giving effect to all distributions to be made on such Distribution Date other than the Guarantor Payment) exceeds the Pool Balance for Pool 1 as of the end of the related Collection Period.
Guaranteed Principal Distribution Amount. With respect to any Payment Date other than the Final Payment Date, the amount, if any, by which the Class A Note Principal Balance (after giving effect to all payments of principal on the Class A Notes on such Payment Date pursuant to Section 5.01, without giving effect to payments under the Policy to be made on such Payment Date) exceeds the Invested Amount as of the end of the related Due Period. With respect to the Final Payment Date, the outstanding Class A Note Principal Balance (after giving effect to all payments of principal on the Class A Notes on such Final Payment Date pursuant to Section 5.01(a)).
Guaranteed Principal Distribution Amount. With respect to (i) any Payment Date on or after which the Transferor Subordinated Amount has been reduced to zero, other than the Payment Date in __________ 200_, the amount, if any, required to reduce the Class A Certificate Principal Balance (after giving effect to the distributions of Interest Collections and Principal Collections that are allocable to principal on the Class A Certificates on such Payment Date) to the Invested Amount immediately following such Payment Date and (ii) the Payment Date in __________ 200_, the amount by which the outstanding Class A Certificate Principal Balance (after giving effect to Interest Collections allocable and distributable to principal on the Class A Certificates on such Payment Date) exceeds the sum of the amounts on deposit in the Collection Account available to be distributed to the Class A Certificateholders pursuant to Section 5.01(b) hereof.
Guaranteed Principal Distribution Amount means, with respect to the Insured Obligations and for any Distribution Date, the amount, if any, by which the sum of the Class Certificate Balances of the Class AF Certificates exceeds the Group Principal Balance of Group I as of that Distribution Date, plus the amount, if any, by which the Class Certificate Balance of the Class AV-1 Certificates exceeds the Group Principal Balance of Group II as of that Distribution Date.
Guaranteed Principal Distribution Amount. For any Class of Investor ---------------------------------------- Certificates shall mean with respect to (i) any Distribution Date on which the sum of the Available Transferor Subordinated Amounts for both Loan Groups and amounts on deposit in the Reserve Fund has been reduced to or equals zero, other than the Distribution Date in November 2025, the amount, if any, required to reduce the related Investor Certificate Principal Balance (after giving effect to the distributions of Interest Collections and Principal Collections that are allocable to principal on the related Certificates on such Distribution Date) to the related Invested Amount immediately following such Distribution Date and (ii) the Distribution Date in November 2025, the amount by which the outstanding Investor Certificate Principal Balance (after giving effect to Interest Collections allocable and distributable as principal on the Certificates on such Distribution Date) exceeds the sum of the amounts on deposit in the Collection Account available to be distributed to the Holders pursuant to Section 5.01(b) hereof.