Common use of Principal Distribution Amount Clause in Contracts

Principal Distribution Amount. For any ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇e lesser of (x) the Certificate Balance and (y) Principal Proceeds plus any Extra Principal Distribution Amount minus any Release Amount. Private Certificates. The Class CE Certificates and the Class R Certificate.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-1), Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-3), Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-2)

Principal Distribution Amount. For any an▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇e the lesser of (x) the Certificate Balance and (y) Principal Proceeds plus any Extra Principal Distribution Amount minus any Release Amount. Private Certificates. The Class CE Certificates and the Class R Certificate.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2007-2)