Remaining Principal Distribution Amount. With respect to any Distribution Date, an amount equal to the Principal Distribution Amount remaining after the distributions set forth in Section 4.01(c)(i) through (iii).
Remaining Principal Distribution Amount shall be to the Principal Distribution Amount net of any distributions of principal made in respect thereof to the Holders of each Class of Class A Certificates that, pursuant to clause (ii) above, have a prior right to payment with respect thereto. On each Distribution Date, following the foregoing series of payments on the Senior Certificates, the Trustee shall apply the remaining portion, if any, of the Available Distribution Amount for such date for the following purposes and in the following order of priority:
Remaining Principal Distribution Amount in clause (ii) above, in connection with payments of principal to be made to the Holders of any Class of Class A Certificates, shall be to the Principal Distribution Amount for such Distribution Date, net of any distributions of principal made in respect thereof to the Holders of each other Class of Class A Certificates, if any, that pursuant to clause (ii) above has an earlier right to payment with respect thereto. References to "remaining Principal Distribution Amount" in any of clauses (v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi) and (xxix) above, in connection with the payments of principal to be made to the Holders of any Class of Sequential Pay Certificates, shall be to the Principal Distribution Amount for such Distribution Date, net of any payments of principal made in respect thereof to the Holders of each other Class of Sequential Pay Certificates that has a higher Payment Priority. Any Prepayment Premium (whether described in the related Mortgage Loan documents as a fixed prepayment premium or a yield maintenance amount) actually collected with respect to a Mortgage Loan or REO Loan during any particular Collection Period will be distributed on the related Distribution Date as follows:
Examples of Remaining Principal Distribution Amount in a sentence
Notwithstanding the foregoing, on any Distribution Date on which the Class Principal Amount of each Class of Certificates having a higher priority of distribution has been reduced to zero, any remaining Principal Distribution Amount will be distributed to the remaining Certificates in the order of priority set forth above until the Class Principal Amount of each such Class has been reduced to zero.
Notwithstanding the foregoing, on any Distribution Date on which the Class Principal Amount of each Class of Certificates having a higher priority of distribution has been reduced to zero, any remaining Principal Distribution Amount shall be distributed to the remaining Certificates in the order of priority set forth above until the Class Principal Amount of each such Class has been reduced to zero.
To the Class I-B-3 Certificates, from any remaining Principal Distribution Amount, the Class I-B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof is reduced to zero.
Notwithstanding the foregoing, on any Distribution Date on which the Class Principal Amount of each Class of Certificates having a higher priority of distribution has been reduced to zero, any remaining Principal Distribution Amount will be distributed to the remaining Certificates in the order of priority set forth above.
To the Class I-B-3 Certificates, any remaining Principal Distribution Amount until the Certificate Principal Balance thereof is reduced to zero.
More Definitions of Remaining Principal Distribution Amount
Remaining Principal Distribution Amount in any of clauses (ii), (v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi), (xxix), (xxxii), (xxxv), (xxxviii) and (xli) above, in connection with the payments of principal to be made to the Holders of any Class of Principal Balance Certificates, shall be to the Principal Distribution Amount for such Distribution Date, net of any payments of principal made in respect thereof to the Holders of each Class of Principal Balance Certificates that have a higher Payment Priority. On each Distribution Date, the Trustee shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Premiums collected during or prior to the related Collection Period and shall distribute such amounts, in each case, subject to available funds, as additional interest, as follows:
Remaining Principal Distribution Amount in any of clauses (ii), (v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi), (xxix), (xxxii), (xxxv), (xxxviii), (xli), (xliv), and (xlvii) above, in connection with the payments of principal to be made to the Holders of any Class of Principal Balance Certificates, shall be to the Principal Distribution Amount for such Distribution Date, net of any payments of principal made in respect thereof to the Holders of each Class of Principal Balance Certificates that have a higher Payment Priority. On each Distribution Date, the Trustee shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Premiums collected during or prior to the related 230 Collection Period and shall distribute such amounts, in each case, subject to available funds, as additional interest, concurrently as follows:
Remaining Principal Distribution Amount in clause (ii) above, in connection with payments of principal to be made to the Holders of the Class A-1 Certificates and Class A-2 Certificates shall be to the Principal Distribution Amount for such Distribution Date, net of any distributions of principal made in respect thereof to the Holders of each other Class of Class A Certificates, if any, that pursuant to clause (ii) above has an earlier right to payment with respect thereto. References to "remaining Principal Distribution Amount" in any of clauses (v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi), (xxix), (xxxii), (xxxv), (xxxviii), (xli) and (xliv) above, in connection with the payments of principal to be made to the Holders of any Class of Sequential Pay Certificates, shall be to the Principal Distribution Amount for such Distribution Date, net of any payments of principal made in respect thereof to the Holders of each other Class of Sequential Pay Certificates that has a higher Payment Priority. All distributions of interest made in respect of the Class XC, Class XP-1 and Class XP-2 Certificates on any Distribution Date pursuant to clause (i) above, shall be deemed to have been made in respect of all the Components of such Class, pro rata in accordance with the respective amounts of interest that would be payable on such Components on such Distribution Date based on the Class XC Strip Rate, Class XP-1 Strip Rate and Class XP-2 Strip Rate, as applicable, of such Component multiplied by its Component Notional Amount, less an allocable portion of any Prepayment Interest Shortfall, together with any amounts thereof remaining unpaid from previous Distribution Dates.
Remaining Principal Distribution Amount means, as to any Distribution Date and any Class of Subordinate Certificates, the amount, if any, by which the Principal Distribution Amount for such Distribution Date exceeds the aggregate amount distributed in respect of Principal Distribution Amounts on such Distribution Date to all Classes senior to such Class.
Remaining Principal Distribution Amount. As of any Distribution Date, the Principal Distribution Amount less the Class A-6 Lockout Distribution Amount.
Remaining Principal Distribution Amount in clause (ii) above, in connection with distributions of principal to be made to the Holders of either Class of Class A Certificates on any Distribution Date prior to the earlier of the Senior Principal Distribution CrossOver Date and the Final Distribution Date: (x) shall be, in the case of the Class A-1 Certificates, to the Principal Distribution Amount for such Distribution Date; and (y) shall be, in the case of the Class A-2 Certificates, to the Principal Distribution Amount for such Distribution Date, net of any distributions of principal made on such date to the Holders of the Class A-1 Certificates. References to "remaining Principal Distribution Amount" in any of clauses (v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi), (xxix) and (xxxii) above, in connection with the distributions of principal to be made to the Holders of any Class of Sequential Pay Certificates on any Distribution Date prior to the Final Distribution Date, shall be to the Principal Distribution Amount for such Distribution Date, net of any distributions of principal made on such date to the Holders of each other Class of Sequential Pay Certificates that has a higher Payment Priority. Any Prepayment Premium (whether described in the related Mortgage Loan documents as a fixed prepayment premium or a yield maintenance amount) actually collected with respect to a Mortgage Loan or REO Loan during any particular Collection Period will be distributed on the related Distribution Date as follows:
Remaining Principal Distribution Amount in clause (ii) above, in connection with payments of principal to be made to the Holder of any Class of Class A Uncertificated Interests, shall be to the Principal Distribution Amount for such Distribution Date, net of any distributions of principal made in respect thereof to the Holder of each other Class of Class A Uncertificated Interests, if any, that pursuant to clause (ii) above has an earlier right to payment with respect thereto. References to "remaining Principal Distribution Amount" in any of clauses (vi), (ix), (xii), (xv) and (xvii) above, in connection with the payments of principal on any Class of REMIC I Regular Interests, shall be to the Principal Distribution Amount for such Distribution Date, net of any payments of principal made in respect thereof on each other Class of REMIC I Regular Interests that has a higher Payment Priority. If there is a deficiency in the REMIC I Available Distribution Amount with respect to the Uncertificated Distributable Interest, principal distribution amounts, or unreimbursed amounts of Realized Losses and Additional Trust Fund Expenses allocated to Uncertificated Principal Balances with respect to any Distribution Date as a result of losses incurred on any Mortgage Loans, after giving effect to payments of all amounts owed to the Master Servicer, Special Servicer, Trustee and Fiscal Agent with respect to such Distribution Date, the Trustee shall so notify the Master Servicer of the amount of such deficiency on the Business Day prior to the related Master Servicer Remittance Date, and the Master Servicer shall withdraw amounts, to the extent available, from the Expense Reserve Fund in the amount of such deficiency and remit such amount to the Trustee on such Master Servicer Remittance Date as a distribution on the REMIC I Regular Interests, as though such amount were part of the REMIC I Available Distribution Amount.