Scheduled Principal Distribution Amount definition

Scheduled Principal Distribution Amount. With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

Scheduled Principal Distribution Amount. Not applicable.

Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of all amounts described in clauses (a) through (d) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amounts will be reduced on the related Distribution Date by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.

Examples of Scheduled Principal Distribution Amount in a sentence

• On any Payment Date during the Managed Amortization Period, the Scheduled Principal Distribution Amount will equal the excess (but in no event less than $0) of (x) the lesser of (i) the Maximum Principal Payment and (ii) the Net Principal Collections over (y) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date.

• On any Payment Date during the Rapid Amortization Period, the Scheduled Principal Distribution Amount will equal the excess (but in no event less than $0) of (x) the Maximum Principal Payment over (y) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date.

• Under the Agreement, prior to the commencement of the Rapid Amortization Period, Principal Collections payable to the Certificateholders (the "Scheduled Principal Distribution Amount") will equal the lesser of (i) the Maximum Principal Distribution Amount (generally 97.50%) and (ii) the Alternative Principal Distribution Amount (generally Principal Collections for the Collection Period less the aggregate of principal amounts drawn down under the Credit Line Agreements during such Collection Period).

• As to any Payment Date, the product of (x) one-twelfth of the Trust A Premium Percentage and (y) the Class A Note Principal Balance on such Payment Date (before taking into account any distributions of the Trust A Scheduled Principal Distribution Amount to be made on such Payment Date).

• With respect to any Payment Date, the lesser of (i) the excess of (x) the Overcollateralization Amount, after taking into account all payments of principal (without taking into account any Overcollateralization Reduction Amount) that were applied as a reduction in the Note Balance on such Payment Date, over (y) the Specified Overcollateralization Amount for such Payment Date and (ii) the Scheduled Principal Distribution Amount (without taking into account any Overcollateralization Reduction Amount).

More Definitions of Scheduled Principal Distribution Amount

Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of the Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date.

Scheduled Principal Distribution Amount. For any Distribution Date will be equal to the sum, without duplication, of:

Scheduled Principal Distribution Amount. For any Distribution Date, the Senior Percentage of the Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amount will be reduced on the related Distribution Date by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.

Scheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions of the following: (a) all Monthly Payments (excluding Balloon Payments) due in respect of such Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date (and not previously distributed to Certificateholders), prior to, the related Due Period, and all Assumed Scheduled Payments with respect to the Mortgage Loans for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments with respect to the Mortgage Loans to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date), and to the extent not included in clause (a) above.

Scheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions of (a) all Monthly Payments (excluding Balloon Payments and Excess Interest) due in respect of such Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date, prior to, the related Due Period, and all Assumed Scheduled Payments for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable) (and not previously distributed to Certificateholders) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date), and to the extent not included in clause (a) above.

Scheduled Principal Distribution Amount. With respect to any Distribution Date, the aggregate of the principal portions of (a) all Monthly Payments (excluding Balloon Payments) due in respect of the Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date, prior to the related Due Period, and all Assumed Scheduled Payments for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Business Day preceding the related P&I Advance Date (and not previously distributed to Certificateholders) or (ii) advanced by the Servicer, the Trustee or the Fiscal Agent, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments to the extent received during the related Due Period, and to the extent not included in clause (a) above.

Scheduled Principal Distribution Amount means, as of any date of determination, the amount indicated on Schedule B to the Indenture with respect to such date.