Group 3 Extra Principal Distribution Amount definition

Group 3 Extra Principal Distribution Amount. With respect to any Distribution Date, is the product of (a) the Group 3 Percentage and (b) the lesser of (i) the Overcollateralization Deficiency Amount for such Distribution Date and (ii) the Net Monthly Excess Cashflow Amount for such Distribution Date.
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Group 3 Extra Principal Distribution Amount. For any Distribution Date, the lesser of (i) the excess of (x) the Group 3 Interest Remittance Amount over (y) the sum of interest payable on the Group 3-L Regular Interests (other than the Class 3-C-L Regular Interest) on such Distribution Date pursuant to clause (III)(a) of the definition of “REMIC IV Distribution Amount” and (ii) the Overcollateralization Deficiency Amount for such Distribution Date.
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Group 3 Extra Principal Distribution Amount. For any Distribution Date, will be the lesser of the Group 3 Net Monthly Excess Cashflow for such Distribution Date and the Group 3 Overcollateralization Increase Amount as of that Distribution Date.
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Related to Group 3 Extra Principal Distribution Amount

  • Group 1 Principal Distribution Amount With respect to any Distribution Date is the sum of (i) the Group 1 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Overcollateralization Increase Amount for such Distribution Date and (b) the Group 1 Percentage.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • M1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 Target Amount.