Class X-1 Distribution Amount definition

Class X-1 Distribution Amount. On any Payment Date, the sum of Accrued Certificate Interest for such Payment Date and the related Overcollateralization Release Amount, if any, for the Determination Date related to such Payment Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class X-1 Distribution Amount. An amount equal to the excess, if any, of (i) the amount payable on such Distribution Date to the Class X-1 Certificates pursuant to the definition of “Class X-1 Pass-Through Rate”, as defined herein over (ii) the aggregate amount payable on such Distribution Date to REMIC III Regular Interest LTX1(1) and REMIC III Regular Interest LTX1(2).

Class X-1 Distribution Amount. With respect to any Distribution Date, the sum of:

Examples of Class X-1 Distribution Amount in a sentence

On each Payment Date, the Certificate Paying Agent shall distribute from amounts on deposit in the Certificate Distribution Account, the Class X-1 Distribution Amount with respect to such Payment Date to the holders of the Class X-1 Certificates.
In the event that there are any funds remaining in the Certificate Distribution Account on any Payment Date after the distribution of the Class G Certificate Distribution Amount, the Class A-R Certificate Distribution Amount, the Class P Certificate Distribution Amount, the Class X-1 Distribution Amount and the Class X-2 Certificate Distribution Amount, such amounts shall be distributed to the holders of the Class A-R Certificates.
In the event that there are any funds remaining in the Certificate Distribution Account on any Payment Date after the distribution of the Class G Certificate Distribution Amount, the Class A-R Certificate Distribution Amount, the Class A-RL Certificate Distribution Amount, the Class P Certificate Distribution Amount, the Class X-1 Distribution Amount and the Class X-S Certificate Distribution Amount, such amounts shall be distributed to the holders of the Class A-R Certificates.

Class X-1 Distribution Amount. With respect to any Distribution Date, the sum of the X-1A Accrual Amount, the X-1B Accrual Amount and the X-1C Accrual Amount and the Class X-1 Carry Forward Amount.

Class X-1 Distribution Amount. With respect to any Distribution Date, an amount equal to (i) one-twelfth of the product of (x) the Class X-1 Notional Amount and (y) the Class X-1 Pass-Through Rate; reduced, but not below zero, by (ii) the sum of the following payments allocable to the Fixed Rate Group on or in respect of the related Distribution Date (in each case expressed as a percentage of the Class X-1 Notional Amount): (A) the Servicing Fee, (B) the Premium, and (C) the Trustee Fee; and (iii) increased by the Class X-1 Carry Forward Amount.

Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).
Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).
Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).
Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).
Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).