Principal Distributions definition

Principal Distributions means the quarterly cash distributions paid by the Fund to Unitholders that are expected to equal the principal amounts received by the Fund during the quarter to which the distribution relates for Portfolio Securities that matured during such quarter, net of repayment of borrowings used as leverage for the purchase of (or the acquisition of exposure to) such matured Portfolio Securities. A Principal Distribution may be effected by retracting Units having an aggregate NAV per Unit equal to the amount of the Principal Distribution;

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Principal Distributions on On each Distribution Date (a) prior to the Offered Certificates: Stepdown Date or (b) on which a Trigger Event is in effect, principal distributions from the Principal Distribution Amount will be allocated as follows:

Examples of Principal Distributions in a sentence

Section 5.09 Principal Distributions on the Special Retail Certificates...
Section 1.03 Certain Adjustments to the Principal Distributions on the Certificates................................................
Certain Adjustments to the Principal Distributions on the Certificates.....................................
Section 5.10 Principal Distributions on the Special Retail Certificates...
Section 5.09 Principal Distributions on the Special Retail Certificates....
Certain Adjustments to the Principal Distributions on the Certificates............................79 ARTICLE II CONVEYANCE OF TRUST MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES; ORIGINAL ISSUANCE OF CERTIFICATES SECTION 2.01.
Section 5.09 Principal Distributions on the Special Retail Certificates......
In addition, any such allocation of a Realized Loss to a Class M Certificate or Class B Certificate may also be made by operation of the payment priority to the Senior Certificates set forth under "--Principal Distributions on the Senior Certificates" and any Class of Class M Certificates or Class B Certificates with a higher payment priority.
Section 5.09 Principal Distributions on the Special Retail Certificates...............................................
Certain Adjustments to the Principal Distributions on the Certificates..........................

More Definitions of Principal Distributions

Principal Distributions. The principal distribution amount with respect to the Group I Mortgage Loans will be distributed to the Class A-I-1, Class A-I-2, Class A-I-3 and Class A-I-4 Certificates, in that order, until paid in full. The principal distribution amount with respect to the Group II Mortgage Loans will be distributed to the Class A-II Certificates until paid in full. Basis Risk Shortfall Carry-Forward Amount: The "Basis Risk Shortfall Carry-Forward Amount" is equal to the aggregate amount of Basis Risk Shortfall on such Distribution Date, plus any unpaid Basis Risk Shortfall from prior Distribution Dates, plus interest thereon to the extent previously unreimbursed. ________________________________________________________________________________ This information should be considered only after reading Bear S▇▇▇▇▇▇' Statement Regarding Assumptions as to Securities, Pricing Estimates and Other Information (the "Statement"), which should be attached. Do not use or rely on this information if you have not received and reviewed this Statement. You may obtain a copy of the Statement from your sales representative.

Principal Distributions. Principal will be distributed on each Distribution Date to the most senior Class (i.e., the Class with the earliest alphabetical/numerical Class designation) of the Principal Balance Certificates outstanding, until its Certificate Balance is reduced to zero (sequential order). If, due to losses, the Certificate Balances of the Class B through Class L Certificates are reduced to zero or Appraisal Reductions exceed the aggregate Certificate Balance of the Subordinate Certificates, payments of principal to the Class A-1 and A-2 Certificates will be made on a pro rata basis. Prepayment Premium Allocation: Prepayment Premiums (to the extent received) will be allocated among the Class X-1 Certificates and the Principal Balance Certificates (other than Classes F, G, H, J, K, and L) entitled to distributions in respect of principal on any Distribution Date, as described in the Prospectus Supplement under "DESCRIPTION OF THE CERTIFICATES - Distributions of Prepayment Premiums."

Principal Distributions. On each distribution date, funds available for distribution from the mortgage loans, net of specified trust expenses, will be distributed to the class of certificates outstanding, with the earliest alphabetical/numerical Class designation, until its Certificate Balance is reduced to zero. If each class of certificates other than Class A has been reduced to zero, funds available for principal will be distributed to Class A-1 and Class A-2, pro rata, rather than sequentially.