Common use of Principal Distribution Amount Clause in Contracts

Principal Distribution Amount. As of any Distribution Date, the lesser of (a) the remaining Cap Distribution Amount after making all of the distributions in clauses (i) through (xx) of Section 4.02(f), (b) the Overcollateralization Deficiency for that Distribution Date, calculated after giving effect to the funding of the Extra Principal Distribution Amount pursuant to clause (iii) of Section 4.02(d) and the funding of the Swap Extra Principal Distribution Amount pursuant to clause (xxiii) of Section 4.02(e) and (c) the excess of (i) the aggregate amount of Realized Losses for that Distribution Date and Realized Losses for all prior Distribution Dates (other than Realized Losses applied in reduction of the Class Certificate Balance of one or more classes of Subordinate Certificates) over (ii) the aggregate amount distributed pursuant to clause (xxiii) of Section 4.02(e) and clause (xxi) of Section 4.02(f) on all prior Distribution Dates.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-E), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-D)