REMIC III Available Distribution Amount definition

REMIC III Available Distribution Amount. For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

REMIC III Available Distribution Amount. For the Group I Certificates, on any Distribution Date, the aggregate of all distributions to the Group I-L Regular Interests and the portions of the distributions to the Class A-X-L and Class A-P-L Regular Interests paid in respect of Group I Loans pursuant to clauses (I)(a), (I)(d) and (II)(a) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group I, Class A-X and Class A-P Certificates and the Class R-3 Residual Interest as provided herein). For the Group II Certificates, on any Distribution Date, the aggregate of all distributions to the Group II-L Regular Interests pursuant to clauses (I)(b), (I)(d) and (II)(b) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group II Certificates and the Class R-3 Residual Interest as provided herein). For the Group III Certificates, on any Distribution Date, the aggregate of all distributions to the Group III-L Regular Interests and the portions of the distributions to the Class A-X-L and Class A-P-L Regular Interests paid in respect of Group III Loans pursuant to clauses (I)(c), (I)(d) and (II)(c) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group III, Class A-X and Class A-P Certificates and the Class R-3 Residual Interest as provided herein). For the Group C-B Certificates, on any Distribution Date, the aggregate of all distributions to the Group C-B-L Regular Interests (which amount shall be available for distributions to the Group C-B Certificates and the Class R-3 Residual Interest as provided herein).

REMIC III Available Distribution Amount. For Loan Group 1, on any Distribution Date, the aggregate of all distributions to the Class Y-1 and Class Z-1 Regular Interests. For Loan Group 2, on any Distribution Date, the aggregate of all distributions to the Class Y-2 and Class Z-2 Regular Interests.

Examples of REMIC III Available Distribution Amount in a sentence

• In the event that any federal prohibited transaction penalty taxes are imposed on REMIC III and not paid by the Servicer pursuant to clause (f) of the immediately preceding paragraph, the Trustee on behalf of the Trust shall pay such taxes from amounts on deposit in the Certificate Account in reduction of the REMIC III Available Distribution Amount for the applicable Distribution Date.

• As provided in the Pooling Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of Authorized Denominations evidencing the same aggregate interest in the portion of the REMIC III Available Distribution Amount distributable on this Class of Certificate, as requested by the Holder surrendering the same.

• Notwithstanding the right of the Class 1X-PPP and Class 2X-PPP Certificates to receive payments from the REMIC III Available Distribution Amount on their Corresponding Classes of REMIC III Regular Interests, the amount of such payments may be reduced as specified in the second and third paragraphs of Section 4.05(a).

• In the event that any federal prohibited transaction penalty taxes are imposed on REMIC III and not paid by the Trustee pursuant to clause (f) of the immediately preceding paragraph, the Trustee on behalf of the Trust shall pay such taxes from amounts on deposit in the Distribution Account in reduction of the REMIC III Available Distribution Amount for the applicable Distribution Date.

• Notwithstanding the right of the Class X Certificates to receive payments from the REMIC III Available Distribution Amount on the Class X-L Regular Interest, the amount of such payments may be reduced as specified in the second sentence of Section 4.05(a).

More Definitions of REMIC III Available Distribution Amount

REMIC III Available Distribution Amount. For any Distribution Date, the amounts deemed distributed with respect to REMIC II Regular Interests B-IO-I and B-IO-P pursuant to Section 6.07.

REMIC III Available Distribution Amount. For the Group I Certificates, on any Distribution Date, the aggregate of all distributions to the Group I-L Regular Interests pursuant to clauses (I)(a), (I)(c) and (II)(a) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group I Certificates and the Class R-3 Residual Interest as provided herein). For the Group II Certificates, on any Distribution Date, the aggregate of all distributions to the Group II-L Regular Interests pursuant to clauses (I)(b), (I)(c) and (II)(b) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group II Certificates and the Class R-3 Residual Interest as provided herein). For the Group C-B Certificates, on any Distribution Date, the aggregate of all distributions to the Group C-B-L Regular Interests (which amount shall be available for distributions to the Group C-B Certificates and the Class R-3 Residual Interest as provided herein).

REMIC III Available Distribution Amount. For the Certificates (other than the Class C, Class P, and Residual Certificates), the REMIC III Regular Interests, and the Class R-3 Residual Interest, on any Distribution Date, the aggregate of all distributions to the REMIC II Regular Interests (which amount shall be available for distributions to the Certificates (other than the Class C, Class P and Residual Certificates), the REMIC III Regular Interests and the Class R-3 Residual Interest).

REMIC III Available Distribution Amount. For any Distribution Date, the Available Funds for Loan Group I.

REMIC III Available Distribution Amount. For any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in Loan Group 3:

REMIC III Available Distribution Amount. For the Group I Certificates, on any Distribution Date, the aggregate of all distributions to the Group I-L Regular Interests (which amount shall be available for distributions to the Group I Certificates, the Variable Servicing Interest and the Class R-3 Residual Interest as provided herein). For the Group II Certificates, on any Distribution Date, the aggregate of all distributions to the Group II-L Regular Interests (which amount shall be available for distributions to the Group II Certificates, the Variable Servicing Interest and the Class R-3 Residual Interest as provided herein). For the Group B Certificates, on any Distribution Date, the aggregate of all distributions to the Group X-X Regular Interests (which amount shall be available for distributions to the Group B Certificates and the Class R-3 Residual Interest as provided herein).

REMIC III Available Distribution Amount. For the Group I-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class LT1, LTY1, LT2, LT3 and LT4 Regular Interests (which amount shall be available for distributions to the Group I-L and Group X-X Regular Interests and the Class R-3 Residual Interest as provided herein). For the Group II-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class LT5, LTY2, LT6, LT7 and LT8 Regular Interests (which amount shall be available for distributions to the Group II-L and Group X-X Regular Interests and the Class R-3 Residual Interest as provided herein).