M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates and the Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A1, Class A2, Class A3, Class A4, Class A5, Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates, Class M1 Certificates and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and after the allocation of Deferred Interest, if any, for such Distribution Date, and (ii) the Class Principal Amount of the Class M3 Certificates after the allocation of Deferred Interest, if any, for such Distribution Date and immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
More Definitions of M3 Principal Distribution Amount
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class A8, Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates and the Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and after the allocation of Net Negative Amortization, if any, for each Distribution Date, and (ii) the Class Principal Amount of the Class M3 Certificates after the allocation of Net Negative Amortization, if any, for such Distribution Date and immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Pool 1 Stepdown Date and as long as a Pool 1 Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of the aggregate Class Principal Amount of the Group 1 Senior Certificates, the Class 1-M1 Certificates and the Class 1-M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class 1-M3 Certificates immediately prior to such Distribution Date exceeds (y) the 1-M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class IA1, Class IA2, Class IA3, Class IA4, Class IIA, Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date as long as a Trigger Event has not occurred with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Certificate Principal Amount of the Class A1, Class A2, Class M1 and Class M2 Certificates and the Component Principal Amount of the A2-1 Component, in each case after giving effect to distribution on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 97.50% and (ii) the Aggregate Loan Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date exceeds (ii) the initial Class Principal Amount of the Class B3 Certificates.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class A1-A, Class A1-B1, Class A1-B2, Class A1-C1, Class A1-C2, Class A1-D1, Class A1-D2, Class A2-A, Class A2-B, Class A2-C and Class A3-A, Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and after the allocation of Deferred Interest, if any, for such Distribution Date, and (ii) the Class Principal Amount of the Class M3 Certificates after the allocation of Deferred Interest, if any, for such Distribution Date, and immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.
M3 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Class 1-A1, Class 1-A2, Class 2-A, Class 3-A1, Class 3-A2, Class 3-A3, Class 3-A4, Class 3-A5, Class A4, Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.