Principal Distribution Date definition

Principal Distribution Date. With respect to any Class of Regular Certificates, any Distribution Date on which an installment of principal is distributable with respect to such Class.
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Principal Distribution Date means, upon the occurrence of a Principal Payment Event, each Distribution Date beginning with the Initial Principal Distribution Date.
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Principal Distribution Date means each Business Day during the Revolving Period on which the Transferor elects, upon not less than two Business Days' notice to each Agent and the Facility Agent, to repay principal on the Class A-1 VFCs, Class A-2 VFCs or Class B VFCs; provided that there may not be more than two days in any calendar week in which there is a change in the Class A Invested Amount or the Class B Invested Amount unless each affected Class A Purchaser, Class A Owner, Class B Purchaser and Class B Owner otherwise consents; and provided further that if the Partial Amortization Amount exceeds zero, the Transferor shall elect to designate at least one Business Day in each calendar week as a Principal Distribution Date if there are funds on deposit in the Principal Funding Account on such Business Day in an amount equal to or greater than $1,000,000 in respect of the VFCs, or, if less, in an amount equal to the Partial Amortization Amount.
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Examples of Principal Distribution Date in a sentence

  • On the Closing Date, $100 shall be deposited into the Class P Distribution Account and shall be held in trust for the benefit of the Class P Certificateholders for payment pursuant to Section 4.04 upon the earlier of (a) the exercise of the Optional Termination by the Master Servicer pursuant to Section 9.01 and (b) the Class P Principal Distribution Date.

  • However, if the Accumulation Period Length (determined as described below) is less than 12 months, the date on which the Controlled Accumulation Period actually commences will be delayed to the first Business Day of the month that is the number of whole months prior to the Expected Principal Distribution Date at least equal to the Accumulation Period Length and, as a result, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Accumulation Period Length.

  • As of the Closing Date such Contract did not have a Maturity Date later than the 90th day prior to the end of the Collection Period immediately preceding the Certificate Final Principal Distribution Date.

  • On each Distribution Date on or prior to the Class P Principal Distribution Date, the Trustee shall make distributions to the Holders of the Class P Certificates of all Prepayment Charges on deposit in the Distribution Account with respect to the Mortgage Loans in each Loan Group during the related Due Period.

  • The applicable Subordinate Class Principal Distribution Date has occurred (as described below).

  • As of the Closing Date such Contract did not have a Maturity Date later than the 90th day prior to the end of the Due Period immediately preceding the Class A-4 Final Scheduled Principal Distribution Date.

  • On the Expected Principal Distribution Date and each Distribution Date during an Early Redemption Period, amounts on deposit in the Series 2012-VFN Principal Funding Account with respect to the related Due Period shall be distributed as principal, to the Series 2012-VFN Noteholders (up to a maximum of the Series 2012-VFN Outstanding Principal Amount on such Distribution Date) pro rata (or as otherwise specified in accordance with the provisions of the Note Purchase Agreement).

  • In accordance with the Indenture Supplement, the Class C Expected Principal Distribution Date is September 15, 2004, subject to the Following Business Day Convention.

  • At the Cut-Off Date such Contract did not have a Maturity Date later than the 90th day prior to the end of the Due Period immediately preceding the Certificate Final Principal Distribution Date.

  • At the Statistical Calculation Date such Contract did not have a Maturity Date later than the 90th day prior to the end of the Collection Period immediately preceding the Certificate Final Principal Distribution Date.


More Definitions of Principal Distribution Date

Principal Distribution Date means each day during the Revolving Period on which Transferor elects, upon not less than one Business Day notice to the Facility Agent, to repay principal on the Investor Certificates and each date on which the Transferor elects to make payments to Exiting Purchasers pursuant to subsection 4.9(c).
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Principal Distribution Date means (i) each Business Day during the Revolving Period on which the Transferor elects, upon not less than one Business Day's notice to the Facility Agent, to repay principal on the Investor Certificates, (ii) each Business Day on which the Transferor elects to make payments to Exiting Purchasers pursuant to subsection 4.9(c), (iii) the Business Day following each day during the Revolving Period on which the Partial Amortization Amount in respect of the Class A VFCs or the Class B VFCs exceeds zero and there are funds on deposit in the Principal Funding Account in an amount equal to or greater than $1,000,000, in respect of the aggregate of Class A VFCs and Class B VFCs, or, if such Partial Amortization Amount in respect of the aggregate of Class A VFCs and Class B VFCs is then less than $1,000,000, in an amount equal to or greater than such Partial Amortization Amount, and (iv) the Business Day following each day during the Revolving Period on which the Partial Amortization Amount in respect of the Class B-2 VFCs exceeds zero and there are funds on deposit in the Principal Funding Account in an amount equal to or greater than $500,000 or, if such Partial Amortization Amount is then less than $500,000, in an amount equal to or greater than such Partial Amortization Amount.
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Principal Distribution Date means, with respect to the Series 2001-2 Notes of any Class, each Distribution Date with respect to such Class of Series 2001-2 Notes falling on the day after the last day of each Auction Rate Period for such Class of Series 2001-2 Notes.
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Principal Distribution Date means, with respect to the Series 2004-1 Notes of any Class, each Distribution Date with respect to such Class of Series 2004-1 Notes falling on the day after the last day of each Auction Rate Period for such Class of Series 2004-1 Notes.
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Principal Distribution Date one of the fixed dates on which an installment of principal is due and payable on the Notes; such dates are each ________, _________, ________ and __________ beginning _________, 199_.
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Related to Principal Distribution Date

  • Class B Final Distribution Date means the August 16, 2021 Distribution Date.

  • Class C Final Distribution Date means the October 15, 2021 Distribution Date.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Special Distribution Date means, with respect to any Special Payment, the Business Day chosen by the Subordination Agent pursuant to Section 2.04(a) for the distribution of such Special Payment in accordance with this Agreement.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.

  • Class A-1 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-4 Final Distribution Date means the July 15, 2020 Distribution Date.

  • Group 1 Principal Distribution Amount With respect to any Distribution Date is the sum of (i) the Group 1 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Overcollateralization Increase Amount for such Distribution Date and (b) the Group 1 Percentage.

  • Class A-3 Final Distribution Date means the November 15, 2019 Distribution Date.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • M2 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 A and Class M1 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M2 Certificates immediately prior to such Distribution Date exceeds (y) the M2 Target Amount.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Class A-1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 55.50% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal 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 aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • M1 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 after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 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 (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.

  • First Distribution Date Initial Certificate Principal Balance of this May 27, 2003 Certificate as of the Cut-off Date: $___________ Master Servicer: Wells Fargo Bank Mixxxxxta, National Association CUSIP: ___________ Assumed Final Distribution Date: ___________ ASSET-BACKED CERTIFICATE SERIES 2003-AC2 evidencing a fractional undivided interest in the distributions allocable to the Class M-[1][2] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate mortgage loans sold by BEAR STEARNS ASSET BACKEX SECURITIES, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator referred to below or any of their affiliates or any other person. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental entity or by Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator or any of their affiliates or any other person. None of Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced hereby in the beneficial ownership interest of Certificates of the same Class as this Certificate in a trust (the "Trust Fund") generally consisting of conventional first lien, fixed rate mortgage loans secured by one- to four- family residences, units in planned unit developments and individual condominium units (collectively, the "Mortgage Loans") sold by Bear Stearns Asset Backex Xxxxxities, Inc. ("BSABS"). The Mortgage Loans were sold by EMC Mortgage Corporation