Aggregate Regular Certificate Distribution Amount definition

Aggregate Regular Certificate Distribution Amount. With respect to a particular Distribution Date, the lesser of (a) the amount in the Collection Account on such Distribution Date (net of any Agency Security Distribution received subsequent to the end of the related Due Period) and (b) the sum of
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Examples of Aggregate Regular Certificate Distribution Amount in a sentence

  • On or after each Distribution Date, the Trustee shall withdraw from the Trust Account, to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount for such Distribution Date, an amount equal to the Expenses payable on such Distribution Date.

  • On or after each Distribution Date, the Trustee shall withdraw from the collection Account to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount, and after allowance for any amounts withdrawable pursuant to the first paragraph of this Section 5.04, any Required Expense Reserve Account Deposit Amount.

  • On or after each Distribution Date, the [Trustee] [Securities Administrator] shall withdraw from the Collection Account, to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount for such Distribution Date, an amount equal to the Expenses payable on such Distribution Date.

  • On or after each Distribution Date, the Trustee shall withdraw from the Collection Account, to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount for such Distribution Date, an amount equal to the Expenses payable on such Distribution Date.

  • On or after each Distribution Date, the Securities Administrator shall withdraw from the collection Account to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount, and after allowance for any amounts withdrawable pursuant to the first paragraph of this Section 5.04, any Required Expense Reserve Account Deposit Amount.

  • On or after each Distribution Date, the Securities Administrator shall withdraw from the Collection Account, to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount for such Distribution Date, an amount equal to the Expenses payable on such Distribution Date.

  • On or after each Distribution Date, the [Trustee] [Securities Administrator] shall withdraw from the collection Account to the extent amounts shall be available after the prior withdrawal therefrom of the Aggregate Regular Certificate Distribution Amount, and after allowance for any amounts withdrawable pursuant to the first paragraph of this Section 5.04, any Required Expense Reserve Account Deposit Amount.

Related to Aggregate Regular Certificate Distribution Amount

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority: