Group 3 Principal Distribution Amount definition

Group 3 Principal Distribution Amount. As to any Distribution Date, the distribution of principal made on the concurrent Security Distribution Due Date in respect of the Class 1992-43- SQ REMIC Certificate held in the Lower Tier REMIC and identified in the Mortgage Security Schedule. Group 4 Certificates: The Classes of Certificates designated as such in the table in Section 3.01 hereof.
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Group 3 Principal Distribution Amount. With respect to each Distribution Date, the product of (i) the Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 3 for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for all of the Loan Groups for that Distribution Date.
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Group 3 Principal Distribution Amount. As to any Distribution Date, the aggregate distributions of principal to be made on the Related Security Distribution Due Date in respect of the Group 3 MBS.
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Examples of Group 3 Principal Distribution Amount in a sentence

  • On each Distribution Date, the Group 3 Principal Distribution Amount shall be applied to the distribution of principal of the Class 38-C Certificates, until the Class Certificate Principal Balance thereof is reduced to zero.

  • On each Distribution Date, the applicable portion of the Lower Tier I Adjusted Principal Distribution Amount shall be applied as principal of particular Lower Tier I Interests in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes pursuant to the priorities set forth in Section 3.02 from the Group 1 Cash Flow Distribution Amount and the Group 3 Principal Distribution Amount.

  • Distributions of the Group 3 Principal Distribution Amount shall be made in the order and in the amounts as among the Group 3 Classes as provided in the Prospectus Supplement.

  • As promptly as practicable following the second publication of Certificate Principal Factors pursuant to Section 3.07, ▇▇▇▇▇▇ Mae shall deposit in the Funding Account any amount by which the Group 1 Principal Distribution Amount and Group 3 Principal Distribution Amount, as applicable, for the related month is in excess of the amount at the time on deposit therein.

  • As promptly as practicable following the Related Security Distribution Due Date, ▇▇▇▇▇▇ ▇▇▇ shall withdraw from Certificate Account I all amounts held therein in respect of the Group 1 Principal Distribution Amount and Group 3 Principal Distribution Amount, as applicable, and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.


More Definitions of Group 3 Principal Distribution Amount

Group 3 Principal Distribution Amount. With respect to any Distribution Date is the sum of (i) the Group 3 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Pool 2 Overcollateralization Increase Amount for such Distribution Date and (b) the Group 3 Percentage.
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Group 3 Principal Distribution Amount. For any Distribution Date, the Group 3 Basic Principal Distribution Amount plus the Group 3 Extra Principal Distribution Amount.
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Group 3 Principal Distribution Amount. With respect to any Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, is the amount equal to the lesser of (i) the aggregate Certificate Principal Balance of the Group 3 Certificates and (ii) the Group 3 Principal Distribution Percentage of the Principal Distribution Amount available for distribution to the Senior Certificates; provided, however, that (A) with respect to any such Distribution Date on which the aggregate Certificate Principal Balance of the Group 1 Certificates is reduced to zero, the Group 1 Principal Distribution Percentage of the Principal Distribution Amount available for distribution to the Senior Certificates in excess of the amount necessary to reduce the aggregate Certificate Principal Balance of the Group 1 Certificates to zero will be applied to increase the Group 3 Principal Distribution Amount (so long as any class of Group 3 Certificates is outstanding) and the Group 2 Principal Distribution Amount (so long as any class of Group 2 Certificates is outstanding), on a pro rata basis, (B) with respect to any such Distribution Date on which the aggregate Certificate Principal Balance of the Group 2 Certificates is reduced to zero, the Group 2 Principal Distribution Percentage of the Principal Distribution Amount available for distribution to the Senior Certificates in excess of the amount necessary to reduce the aggregate Certificate Principal Balance of the Group 2 Certificates to zero will be applied to increase the Group 3 Principal Distribution Amount (so long as any class of Group 3 Certificates is outstanding) and the Group 1 Principal Distribution Amount (so long as any class of Group 1 Certificates is outstanding), on a pro rata basis, and (C) on any such Distribution Date after the events described in clauses (A) and (B) both occur, the Group 3 Principal Distribution Amount shall equal the Principal Distribution Amount available for distribution to the Senior Certificates.
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Group 3 Principal Distribution Amount. With respect to Pool 3 and any Distribution Date, the Available Distribution Amount for Pool 3 remaining after the payment of the applicable Interest Distribution Amount for Group 3.
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Group 3 Principal Distribution Amount. For any Payment Date and the ---------------------------------------- Group 3 Loans, the sum of (a) the related Basic Principal Distribution Amount and (b) the related Overcollateralization Increase Amount.
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Group 3 Principal Distribution Amount. With respect to any Distribution Date is the sum of (i) the excess of (x) the Principal Remittance Amount relating to the Group 3 Mortgage Loans over (y) the Overcollateralization Release Amount multiplied by the Group 3 Allocation Percentage for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date multiplied by the Group 3 Allocation Percentage. Fremont 2004-D Pooling & Servicing Agreement
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Group 3 Principal Distribution Amount. As of any Distribution Date, the amount equal to the lesser of (i) the aggregate Class Certificate Balance of the Class AV-2 Certificates and (ii) the product of (x) the Group 3 Principal Distribution Percentage and (y) the Stack II Senior Principal Distribution Amount; provided, however, that (A) with respect to any Distribution Date on which the Class AV-2 Certificates are outstanding and the Class Certificate Balances of the Class AV-1 and Class A-R Certificates is reduced to zero, the Group 2 Principal Distribution Amount in excess of the amount necessary to reduce the Class Certificate Balance of the Class AV-1 Certificates and Class A-R Certificates to zero will be applied to increase the Group 3 Principal Distribution Amount and (B) with respect to any Distribution Date thereafter, the Group 3 Principal Distribution Amount will equal the Stack II Senior Principal Distribution Amount.
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