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;
View Source
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
View Source
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:
View Source

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.
View Source
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."
View Source
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.
View Source

Related to Principal Distributions

  • Final Distributions means, with respect to the Certificates of any Trust on any Distribution Date, the sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates (excluding interest, if any, payable with respect to the Deposits relating to such Trust) and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (less the amount of the Deposits for such Class of Certificates as of such preceding Distribution Date other than any portion of such Deposits thereafter used to acquire Equipment Notes pursuant to the Note Purchase Agreement). For purposes of calculating Final Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions.

  • 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.

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

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • 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.