Certificate Distribution Amount definition

Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.
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Certificate Distribution Amount. For any Payment Date, the amount, if any, distributable on the Certificates for such Payment Date pursuant to Section 3.05(a)(xv) of the Indenture.
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Certificate Distribution Amount. (I) For any Distribution Date prior to the Credit Support Depletion Date, the Available Distribution Amount shall be distributed to the Certificates in the following amounts and priority:
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Examples of Certificate Distribution Amount in a sentence

  • The aggregate amount of principal of and interest distributable on the Certificates during any calendar month shall be equal to the Certificate Distribution Amount for such calendar month.

  • If the amount calculated as the Certificate Distribution Amount by the Master Servicer does not reflect actual payments on the related Mortgage Loans, any differences will be reconciled as soon as practicable after the applicable collection report is received or processing error is corrected.

  • In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Certificate Distribution Amount, ▇▇▇▇▇▇ ▇▇▇ shall provide from its own funds the amount of any insufficiency.

  • On or before the Distribution Date, the Trustee will notify the Paying Agent, or cause the Paying Agent to be notified, of the Certificate Distribution Amount for that Distribution Date.

  • The aggregate amount of principal of and interest distributable on the Certificates on any Distribution Date shall be equal to the Certificate Distribution Amount on such Distribution Date with the principal component of such amount being equal to the Principal Distribution Amount.


More Definitions of Certificate Distribution Amount

Certificate Distribution Amount. As to any calendar month, the sum of:
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Certificate Distribution Amount shall not cause a further reduction in the Class Principal Balances of the Senior Certificates or Subordinate Certificates; and
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Certificate Distribution Amount shall not cause a further reduction of the Class A-P Class Principal Balance; and
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Certificate Distribution Amount shall not cause a further reduction in the Class Principal Balances of the Class IIA Certificates or Subordinate Certificates; and
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Certificate Distribution Amount. The amount payable to the Certificate Paying Agent under Section 3.05(g)(x) of the Indenture for payment to the Certificate under the Owner Trust Agreement.
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Certificate Distribution Amount. With respect to each Class and Distribution Date, the sum of
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Certificate Distribution Amount. For any Payment Date, the amount remaining in the Payment Account following distributions pursuant to clauses (i) through (xi) of Section 3.05(a)(I) of the Indenture and following distributions pursuant to clauses (i) through (x) of Section 3.05(a)(II) of the Indenture.
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