Tier I Distribution Amount definition

Tier I Distribution Amount means the aggregate amount of distributions after the occurrence of the Tier I Payout and prior to the occurrence of the Tier II Payout.
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Tier I Distribution Amount. As to any calendar month the sum of:
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Examples of Tier I Distribution Amount in a sentence

  • On each Distribution Date, except as provided below with respect to each Lower Tier Accrual Class, the portion of the Lower Tier I Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier I Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second, to the principal thereof as described below.

  • The aggregate amount of principal and interest distributable in respect of the Lower Tier I Regular Classes and Lower Tier II Regular Classes during any calendar month shall equal the Lower Tier I Distribution Amount and Lower Tier II Distribution Amount, respectively, for such calendar month.

  • On each Distribution Date, ▇▇▇▇▇▇ ▇▇▇ shall withdraw from the applicable Certificate Account the applicable portion of the Lower Tier I Distribution Amount and Lower Tier II Distribution Amount so determined by it and shall make the distributions to the Class 35-RL Certificateholder and Class 35-RB Certificateholder and the Holders of the applicable Lower Tier Regular Interests in the respective amounts and in the manner determined pursuant to Section 2.02.

  • On or before each Determination Date, ▇▇▇▇▇▇ Mae shall calculate the applicable Lower Tier I Distribution Amount and Lower Tier II Distribution Amount for the current calendar month.

  • The aggregate amount of principal and interest distributable in respect of the Lower Tier I Interests and the Lower Tier II Interests during any calendar month shall equal the Lower Tier I Distribution Amount and Lower Tier II Distribution Amount, respectively.

  • In the event that the amount on deposit in the applicable Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier I Distribution Amount and Lower Tier II Distribution Amount, ▇▇▇▇▇▇ ▇▇▇ shall provide from its own funds the amount of any such insufficiency.