Class MF-1 Principal Distribution Amount definition

Class MF-1 Principal Distribution Amount. With respect to any Distribution Date the excess of (i) the sum of (A) the Group 1 Class A Certificate Principal Balance (after taking into account distribution of the Group 1 Class A Principal Distribution Amount on such Distribution Date) and (B) the Class MF-1 Certificate Principal Balance immediately prior to such Distribution Date over (ii) 93.50% of the Stated Principal Balances for such Distribution Date of the Mortgage Loans in Loan Group 1.
Class MF-1 Principal Distribution Amount. With respect to any Distribution Date on or after the Fixed Rate Stepdown Date, 100% of the Fixed Rate Principal Distribution Amount for such Distribution Date if the Fixed Rate Class A Certificate Principal Balance has been reduced to zero and a Fixed Rate Trigger Event has occurred and is continuing, or, if any of the Class AF-1, Class AF-2, Class AF-3 or Class AF-4 Certificates are still outstanding and as long as a Fixed Rate Trigger Event has not occurred and is not continuing, the excess of (i) the sum of (A) the Fixed Rate Class A Certificate Principal Balance (after taking into account distributions of the Fixed Rate Class A Principal Distribution Amount on such Distribution Date) and (B) the Class MF-1 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 91.00% of the Stated Principal Balance of the Fixed Rate Mortgage Loans on the preceding Due Date and (B) the Stated Principal Balance of the Fixed Rate Mortgage Loans on the preceding Due Date less approximately $462,000.
Class MF-1 Principal Distribution Amount. With respect to any Distribution Date the excess of (i) the sum of (a) the aggregate Certificate Principal Balance of the Class AF Certificates (after taking into account distribution of the Class AF Principal Distribution Amount for such Distribution Date) and (b) the Certificate Principal Balance of the Class MF-1 Certificates immediately prior to such Distribution Date, over (ii) the lesser of (x) 81.40% 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; provided, however, that if the Class MF-1 Certificates are the only Class of Fixed Rate Subordinate Certificates outstanding on such Distribution Date, the Class MF-1 Certificates will be entitled to receive the entire remaining Principal Distribution Amount for Loan Group 1 until the Certificate Principal Balance thereof is reduced to zero.

More Definitions of Class MF-1 Principal Distribution Amount

Class MF-1 Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the sum of (1) the aggregate Class Principal Amount of the Class AF Certificates (after taking into account the payment of the Class AF Principal Distribution Amount on such Distribution Date) and (2) the Class Principal Amount of the Class MF-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (1) approximately 71.70% and (2) the Pool 1 Principal Balance as of the last day of the related Due Period and (B) the Pool 1 Principal Balance as of the last day of the related Due Period minus the Pool 1 Overcollateralization Floor.
Class MF-1 Principal Distribution Amount means, for any Payment Date, that portion of the Class MF-1 Distribution Amount to be distributed to the Class MF-1 Certificateholders pursuant to Section 8.04(b)(7).
Class MF-1 Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class AF Certificates (after taking into account the distribution of the Class AF Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class MF-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 90.30% and (ii) 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 MF-1 Principal Distribution Amount. With respect to any Distribution Date, the excess of (i) the sum of (A) the Fixed Rate Class A Certificate Principal Balance (after taking into account distributions of the Fixed Rate Class A Principal Distribution Amount on such Distribution Date) and (B) the Class MF-1 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 71.00% of the Stated Principal Balance of the Fixed Rate Mortgage Loans as of the last day of the related Due Period and (B) the Stated Principal Balance of the Fixed Rate Mortgage Loans as of the last day of the related Due Period less the OC Floor for the Fixed Rate Mortgage Loans.
Class MF-1 Principal Distribution Amount. With respect to any Distribution Date the excess of (i) the sum of (a) the aggregate Certificate Principal Balance of the Class AF Certificates (after taking into account distribution of the Class AF Principal Distribution Amount for such Distribution Date) and (b) the Certificate Principal Balance of the Class MF-1 Certificates immediately prior to such Distribution Date, over (ii) the lesser of (x) 73.70% 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; provided, however, that if the Class MF-
Class MF-1 Principal Distribution Amount. For any Distribution Date is an amount, not less than zero, equal to the excess of:
Class MF-1 Principal Distribution Amount. With respect to any Distribution Date on and after the Stepdown Date and as long as a Trigger Event is not in effect (subject to the proviso set forth in Section 3.02(b) hereof), the excess of (i) the sum of (A) the Class AF Certificate Principal Balance after giving effect to distributions on such Distribution Date and (B) the Class MF-1 Certificate Principal Balance immediately prior to such Distribution Date over (ii) the lesser of (A) 82.00% of the Assumed 89.50% of the Assumed Principal Balance 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.