Common use of Senior Principal Distribution Amount Clause in Contracts

Senior Principal Distribution Amount. As of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect, the lesser of (i) the Principal Distribution Amount for that Distribution Date and (ii) the excess, if any, of (A) the sum of the Class Certificate Balances of the Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (1) the product of (x) 40.40% and (y) the Pool Principal Balance as of the last day of the related Due Period and (2) the Pool Principal Balance as of the last day of the related Due Period minus the product of (x) 0.50% and (y) the Cut-off Date Pool Principal Balance. As of any date of determination thereof, 59.60%.

Senior Principal Distribution Amount. As of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect, the lesser of (i) the Principal Distribution Amount for that Distribution Date and (ii) the excess, if any, of (A) the sum of the Class Certificate Balances of the Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (1) the product of (x) 40.4052.50% and (y) the Pool Principal Balance as of the last day of the related Due Period and (2) the Pool Principal Balance as of the last day of the related Due Period minus the product of (x) 0.50% and (y) the Cut-off Date Pool Principal Balance. Senior Specified Enhancement Percentage As of any date of determination thereof, 59.6047.50%.

Senior Principal Distribution Amount. As of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect, the lesser of (i) the Principal Distribution Amount for that Distribution Date and (ii) the excess, if any, of (A) the sum of the Class Certificate Balances of the Senior Certificates immediately prior to that Distribution Date over (B) the lesser of (1) the product of (x) 40.4048.20% and (y) the Pool Principal Balance as of the last day of the related Due Period and (2) the Pool Principal Balance as of the last day of the related Due Period minus the product of (x) 0.50% and (y) the Cut-off Date Pool Principal Balance. As of any date of determination thereof, 59.6051.80%.