Distributions of Principal Distribution Amount Clause Samples
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such...
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be distributed by the Trustee from the Distribution Account in the following order with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(A) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following order:
(1) sequentially, to the Class A-R and Class A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero;
(2) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clas▇ ▇-▇, ▇▇▇▇▇ ▇-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(3) any remainder as part of the Excess Cashflow.
(B) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following order:
(1) in an amount up to the Senior Principal Distribution Target Amount, to the Class A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(2) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clas▇ ▇-▇, ▇▇▇▇▇ ▇-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, until their respective Class Certificate Balances are reduced to zero; and
(3) any remainder as part of the Excess Cashflow.
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for that Distribution Date with respect to each Loan Group shall be allocated (with the Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority: first, concurrently,
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for that Distribution Date shall be distributed (with the Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority:
(A) to the Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty with respect to that Distribution Date not previously paid from the Interest Funds;
(B) concurrently, to the Class R, Class RC and Class RX Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero;
(C) concurrently, to (x) the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates in accordance with the Allocation Method, and (y) the Class A-5 Certificates, pro rata, on the basis of the aggregate Class Certificate Balance in clause (x) and the Class Certificate Balance in clause (y), until their respective Class Certificate Balances are reduced to zero;
(D) sequentially, to the Class M-1, Class M-2, Class M-3, ▇▇▇▇▇ ▇-▇, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(E) any remainder as part of the Excess Cashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, from the Principal Distribution Amount, in the following priority:
(A) to the Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty with respect to that Distribution Date not previously paid from the Interest Remittance Amount;
(B) the Senior Principal Distribution Amount, concurrently, to (x) the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates in accordance with the Allocation Method, and (y) the Class A-5 Certificates, pro rata, on the basis of the aggregate Class Certificate Balance in clause (x) and the Class Certificate Balance in clause (y), until their respective Class Certificate Balances are reduced to zero;
(C) sequentially, to the ...
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for that Distribution Date with respect to each Loan Group shall be allocated by the Trustee from the Distribution Account in the following order of priority until that Principal Distribution Amount has been fully distributed:
(i) For each Distribution Date (or in the case of payments to the Swap Counterparty, the Business Day prior to each Distribution Date) prior to the Stepdown Date or on which a Trigger Event is in effect, until the aggregate Class Certificate Balance of the Certificates equals the Target Amount for that Distribution Date:
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following priority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority:
(A) concurrently, to the Class 4-A-1-1 and Class 4-A-1-2 Certificates, pro rata based on their respective Class Certificate Balances, until their respective Class Certificate Balances are reduced to zero;
(B) concurrently, to the Class 4-A-2-1 and Class 4-A-2-2 Certificates, pro rata based on their respective Class Certificate Balances, until their respective Class Certificate Balances are reduced to zero
(C) sequentially, to the Class 4-M-1, Class 4-M-2, Class 4-M-3 and Class 4-M-4, Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(D) any remainder as part of the Excess Cashflow to be allocated as described under Section 4.03(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect in the following priority:
(A) the Group II Senior Principal Distribution Amount in the following priority:
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following priority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority:
(A) to the Class A-R Certificates until its Class Certificate Balance is reduced to zero;
(B) concurrently:
(a) 89.9999360053%, concurrently as follows:
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for that Distribution Date shall be distributed (with the Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority:
(A) to the Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty with respect to that Distribution Date not previously paid from the Interest Funds;
(B) to the Class A-R Certificates until its Class Certificate Balance is reduced to zero;
(C) concurrently and on pro rata basis, based on the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B and Class A-1-C Certificates in the case of clause (x) and on the respective Class Certificate Balances of Class A-2 and Class A-3 Certificates in the case of clauses (y) and (z), respectively,