Lower-Tier Distribution Amount definition

Lower-Tier Distribution Amount. As defined in Section 5.02(a).

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Lower-Tier Distribution Amount. As defined in Section 4.1(e).

Lower-Tier Distribution Amount. As to any Distribution Date, the sum of:

Examples of Lower-Tier Distribution Amount in a sentence

Amounts distributable pursuant to this paragraph, together with amounts distributable pursuant to Section 4.3(b), are referred to herein collectively as the “Lower-Tier Distribution Amount”, and shall be made by the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier Distribution Account to be deposited in the Upper-Tier Distribution Account on each Distribution Date.
Any amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and any Yield Maintenance Premiums distributed pursuant to Section 4.3 shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).
Any amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and any Yield Maintenance Default Payments distributed pursuant to Section 4.3 shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).

More Definitions of Lower-Tier Distribution Amount

Lower-Tier Distribution Amount means the aggregate of amounts distributable to the Uncertificated Lower-Tier Interests pursuant to Section 4.01(i).

Lower-Tier Distribution Amount. As to any calendar month the sum of:

Lower-Tier Distribution Amount. With respect to any Payment Date, the sum of the Lower-Tier A-1 Monthly Interest, the Lower-Tier A-2 Monthly Interest, the Lower-Tier A-3 Monthly Interest, the Lower-Tier A-4 Monthly Interest, the Lower-Tier A-5 Monthly Interest, the Lower-Tier A-6 Monthly Interest and the Principal Distribution Amount, which sum is allocated as follows: as a distribution on the Base REMIC Interest 1 until the Base REMIC Interest 1 Termination Date, the Class A-1 Distribution Amount; as a distribution on the Base REMIC Interest 2 until the Base REMIC Interest 2 Termination Date, the Class A-2 Distribution Amount; as a distribution on the Base REMIC Interest 3 until the Base REMIC Interest 3 Termination Date, the Class A-3 Distribution Amount; as a distribution on the Base REMIC Interest 4 until the Base REMIC Interest 4 Termination Date, the Class A-4 Distribution Amount; as a distribution of the Base REMIC Interest 5 until the Base REMIC Interest 5 Termination Date, the Class A-5 Distribution Amount; and, as a distribution on the Base REMIC Interest 6 Termination Date, the Class A-6 Distribution Amount; provided that Insured Payments shall be deemed to be paid in respect of the Base REMIC Interests to the extent such Insured Payments relate to the related Class A Certificates.

Lower-Tier Distribution Amount. For any Distribution Date, the Pool Distribution Amount for each Loan Group shall be deemed distributed to the Upper-Tier REMIC, as the holder of the Uncertificated Lower-Tier Regular Interests, and to Holders of the Class 1-A-R Certificates in respect of Component I thereof, in the following amounts and priority:

Lower-Tier Distribution Amount. As of any Payment Date, the sum of (i) the Group I Available Funds and (ii) the Group II Available Funds.

Lower-Tier Distribution Amount shall have the meaning assigned thereto in Section 4.01.

Lower-Tier Distribution Amount. As of any Remittance Date, the Available Funds.