REMIC II Distribution Amount definition

REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

REMIC II Distribution Amount. (I) For any Distribution Date prior to the Credit Support Depletion Date, the REMIC II Available Distribution Amount for such Distribution Date shall be distributed to the REMIC II Regular Interests and the Class R-2 Residual Interest in the following amounts and priority:

REMIC II Distribution Amount. The REMIC II Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-2 Residual Interest in the following amounts and priority, to the extent of the REMIC II Available Distribution Amount for such Distribution Date:

Examples of REMIC II Distribution Amount in a sentence

• The Class R-II Certificates will have no principal balances and no remittance rate, but will be entitled to receive on each Distribution Date any portion of the REMIC II Distribution Amount for such Distribution Date not otherwise deemed distributed on the REMIC II Regular Interests.

• All amounts (other than additional interest in the form of amounts relating to Prepayment Premiums) deemed paid to REMIC II in respect of the REMIC I Regular Interests pursuant to this Section 4.01(a) on any Distribution Date is hereinafter referred to as the "REMIC II Distribution Amount" for such date.

• Thereafter, such amounts shall be considered to be held in the REMIC II Distribution Account and distributed on the REMIC II Uncertificated Regular Interests as set forth in Section 4.01(a)(ii) and on the Unaffected Certificates as set forth in Section 4.01(b) (to the extent of the Available Distribution Amount, the "REMIC II Distribution Amount").

• The Class R-II Certificate will be designated as the sole class of residual interests in REMIC II and will have no scheduled principal balance and no pass-through rate, but will be entitled to receive on each Distribution Date any portion of the REMIC II Distribution Amount for such Distribution Date not otherwise deemed distributed on the REMIC II Regular Interests.

• Argued October 25, 2017 – Decided December 21, 2017 Before Judges Nugent, Currier, and Geiger.

More Definitions of REMIC II Distribution Amount

REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of the REMIC II Regular Interests and (C) any amounts distributed in respect of principal losses pursuant to clause (c)(i) of the definition of “REMIC I Distribution Amount” shall not cause a reduction in the Class Principal Balances of the REMIC I Regular Interests. In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Subordinate Certificates with the lowest priority then outstanding (and its Corresponding Class of REMIC III Regular Interests) shall be increased by an amount equal to the lesser of (i) the Subsequent Recoveries for such Distribution Date and (ii) the amount of Realized Losses allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph). The Class Principal Balance for the Class 1-A-1A Certificates shall be referred to as the “Class 1-A-1A Principal Balance,” the Class Principal Balance for the Class 1-A-1A-L Regular Interest shall be referred to as the “Class 1-A-1A-L Principal Balance” and so on. The Class Principal Balances for the Class X PO-1 and Class X PO-2 Components of the Class X-L Regular Interest shall each be zero as of the Closing Date and shall increase after the Closing Date by the portion, if any, of the related Net Negative Amortization Amounts allocated to the Class X-L Regular Interest pursuant to the definition of “Net Negative Amortization Amount”.

REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balance of the Class P Certificates, (B) any amounts distributed in respect of principal losses pursuant to paragraph (c)(xxi) of the definition of "REMIC II Distribution Amount" shall not cause a reduction in the Class Principal Balances of the REMIC II Regular Interests, (C) any amounts distributed in respect of principal losses pursuant to clause (c)(i) of the definition of "REMIC I Distribution Amount" shall not cause a reduction in the Class Principal Balances of the Class P-M Regular Interests, (D) any amounts distributed in respect of principal losses pursuant to clause (c)(ii) of the definition of "REMIC I Distribution Amount" shall not cause a reduction in the Class Principal Balances of the REMIC I Regular Interests and (E) any amounts distributed to the REMIC I Regular Interests in respect of Subsequent Recoveries shall not cause a reduction in the Class Principal Balances of the REMIC I Regular Interests. In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Subordinate Certificates with the lowest priority then outstanding shall be increased by an amount, for each Loan Group, equal to the lesser of (i) the Subsequent Recoveries for such Distribution Date for such Loan Group and (ii) the amount of Realized Losses for Mortgage Loans in such Loan Group allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph in respect of Subsequent Recoveries for such Loan Group). The Class Principal Balance for the Class I-A Certificates shall be referred to as the "Class I-A Principal Balance," the Class Principal Balance for the Class II-A Certificates shall be referred to as the "Class II-A Principal Balance" and so on. The Class Principal Balances for the Class X Certificates and the Class X-M Regular Interests shall each be zero.

REMIC II Distribution Amount and "REMIC III Distribution Amount," Section 4.01, Section 4.04 and Section 4.05 hereof and other related definitions set forth in Article I hereof); (2) the applicable Class Principal Balance after giving effect to such distributions and allocations; and (3) the amount of any Special Primary Insurance Premium payable on such Distribution Date.

REMIC II Distribution Amount and "REMIC III Distribution Amount."

REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Certificates; and

REMIC II Distribution Amount. For any Distribution Date, the REMIC II Available Distribution Amounts shall be deemed distributed to REMIC III, as the holder of the REMIC II Regular Interests, and to Holders of the Class AR-L Certificates in respect of Component II thereof, pursuant to Section 4.01(III)(b), in the following amounts and priority:

REMIC II Distribution Amount. As defined in Section 4.01(a).