Class AF Principal Distribution Amount definition
Class AF Principal Distribution Amount. For any Distribution Date, an amount equal to the excess of (x) the aggregate Class Principal Amount of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (1) 73.40% and (2) the Pool 1 Principal Balance and (B) the Pool 1 Principal Balance minus the Group 1 Overcollateralization Floor.
Class AF Principal Distribution Amount. With respect to any Distribution Date, the excess of (1) the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 67.40% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 for such Distribution Date and (y) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 for such Distribution Date minus the Fixed Rate OC Floor.
Class AF Principal Distribution Amount. With respect to any Distribution Date an amount, not less than zero, equal to the excess of (x) the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 60.00% and (ii) the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $469,628.
Examples of Class AF Principal Distribution Amount in a sentence
Class AF 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 (a) the aggregate of the Class Certificate Balances of the Class AF Certificates immediately prior to that Distribution Date and (b) the product of (i) the Allocation Percentage of the Group I Loans and (ii) the Senior Principal Distribution Amount.
On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group III Principal Remittance Amount will be made to the Holders of the Class AF Certificates in an amount equal to the Class AF Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero.
More Definitions of Class AF Principal Distribution Amount
Class AF Principal Distribution Amount. With respect to any Distribution Date, the lesser of (I) the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date and (II) the excess of (x) the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 67.00% and (ii) the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $836,915.90.
Class AF Principal Distribution Amount. With respect to any Distribution Date and the Class AF Certificates, an amount equal to the lesser of (i) the Certificate Principal Balance of the Class AF Certificates immediately preceding such Distribution Date and (ii) the product of (x) the Class A Principal Distribution Amount and (y) the Class AF Allocation Percentage.
Class AF 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 excess of (x) the Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 62.30% and (ii) the Group 3 Balance as of the last day of the related Collection Period and (B) the excess of the Group 3 Balance as of the last day of the related Collection Period over the product of (i) 0.50% and (ii) the Group 3 Balance on the Cut-off Date.
Class AF Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (1) approximately 85.00% and (2) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus the Group I Overcollateralization Floor Amount.
Class AF Principal Distribution Amount. With respect to any Distribution Date before the Stepdown Date or as to which a Trigger Event has occurred, 100% of the Principal Distribution Amount for such Distribution Date and with respect to any Distribution Date on or after the Stepdown Date and as to which a Trigger Event has not occurred, the excess of (i) the Class AF Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 71.50% of the Assumed Principal Balance of on the preceding Due Date and (B) the excess of (I) the Assumed Principal Balance on the preceding Due Date over (II) $1,500,000.
Class AF 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 excess of (x) the Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 60.50% and (ii) the Principal Balance of the Group III Mortgage Loans as of the last day of the related Collection Period and (B) the Principal Balance of the Group III Mortgage Loans as of the last day of the related Collection Period minus the product of (i) 0.50% and (ii) the Principal Balance of the Group III Mortgage Loans on the Cut-off Date, but in no event less than zero.
Class AF 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 product of (1) the Class AF Principal Allocation Percentage and (2) the excess of (x) the Certificate Principal Balance of the Senior Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 57.10% and (ii) the Pool Balance as of the last day of the related Collection Period and (B) the excess of the Pool Balance as of the last day of the related Collection Period over the product of (i) 0.50% and (ii) the Pool Balance on the Cut-off Date.