CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT definition

CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT. As to any Distribution --------------------------------------------- Date, the sum of (i) the Subordinated Percentage of the Scheduled Formula Principal Amount and (ii) the Subordinated Prepayment Percentage of the Unscheduled Formula Principal Distribution Amount.
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CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT. With respect to (i) a --------------------------------------------- Distribution Date as of which the Class A and Class M Certificate Balances have not been reduced to zero and that is prior to the Cross-over Date, zero, (ii) a Distribution Date as to which the Principal Distribution Tests are not satisfied and the Class A and Class M Certificate Balances have not been reduced to zero, zero, (iii) a Distribution Date as to which the Principal Distribution Tests are not satisfied and the Class A and Class M Certificate Balances have been reduced to zero, the Formula Principal Distribution Amount and (iv) any other Distribution Date, the Class B Percentage of the Formula Principal Distribution Amount. On any Distribution Date, the Class B Formula Principal Distribution Amount shall not exceed the Class B Certificate Balance less the Unpaid Class B Principal Shortfall with respect to such Class and such Distribution Date.
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CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT. Means (i) prior to the Class B Cross-over Date, $0 and (ii) on each Remittance Date on or after the Class B Cross-over Date, the applicable Class B Percentage multiplied by the Principal Distribution Amount; PROVIDED, HOWEVER, that with respect to any Remittance Date, the Class B Formula Principal Distribution Amount shall never exceed the Class Principal Balance of the Class B Notes.
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More Definitions of CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT

CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT. As to any Distribution date, the sum of (i) the Subordinated Percentage for such Distribution Date of the Scheduled Formula Principal Distribution Amount for such Distribution Date and (ii) the Subordinated Prepayment Percentage of the Unscheduled Formula Principal Distribution Amount for such Distribution Date.
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CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT means, on any Distribution --------------------------------------------- Date:
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CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT means, as to any Payment Date, the Class B Percentage of the Formula Principal Distribution Amount less the Class B Floor Reduction Amount.
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Related to CLASS B FORMULA PRINCIPAL DISTRIBUTION AMOUNT

  • Formula Principal Distribution Amount means, as of any Remittance Date, the sum of:

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.

  • Class B-4 Principal Distribution Amount With respect to any Distribution Date is the excess of (i) the sum of (a) the aggregate Class Certificate Balances of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount for that Distribution Date), (b) the Class Certificate Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount for that Distribution Date), (c) the Class Certificate Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount for that Distribution Date), (d) the Class Certificate Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount for that Distribution Date), (e) the Class Certificate Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount for that Distribution Date), (f) the Class Certificate Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B-2 Principal Distribution Amount for that Distribution Date), (g) the Class Certificate Balance of the Class B-3 Certificates (after taking into account the distribution of the Class B-3 Principal Distribution Amount for that Distribution Date) and (h) Class Certificate Balance of the Class B-4 Certificates immediately prior to that Distribution Date over (ii) the lesser of (a) approximately 94.50% of the aggregate Stated Principal Balance of the mortgage loans for that Distribution Date and (b) the excess, if any, of the aggregate Stated Principal Balance of the mortgage loans for that Distribution Date over $3,608,680.

  • Class B-2 Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the sum of (A) the aggregate Class Certificate Balances of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount for such Distribution Date), (B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount for such Distribution Date), (C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount for such Distribution Date), (D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount for such Distribution Date), (E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount for such Distribution Date), (F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount for such Distribution Date), (G) the Class Certificate Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount for such Distribution Date), (H) the Class Certificate Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount for such Distribution Date), and (I) the Class Certificate Balance of the Class B-2 Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 90.90% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $11,334,248.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.