Group II Extra Principal Distribution Amount definition

Group II Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (i) the excess, if any, of the Group II Overcollateralization Target Amount for such Distribution Date over the Group II Overcollateralization Amount for such Distribution Date (after giving effect to distributions of principal on the Certificates other than any Group II Extra Principal Distribution Amount) and (ii) the related Excess Spread for such Distribution Date.
Group II Extra Principal Distribution Amount. As of any Payment Date, the lesser of (x) the Group II Monthly Excess Interest Amount for such Payment Date and (y) the Group II Overcollateralization Deficiency for such Payment Date.
Group II Extra Principal Distribution Amount. With respect to any Distribution Date, an amount equal to (i) prior to the Group II Stepdown Date, the excess of (A) the sum of (I) the Group II Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) and (II) $_________ over (B) the Stated Principal Balance of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date and (ii) on and after the Group II Stepdown Date, (A) the sum of (I) the Group II Certificate Principal Balance and (II) the greater of (x) ____% of the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period and (y) $_________ less (B) the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period; provided, however, that if on any Distribution Date, a Group II Trigger Event is in effect, the Group II Extra Principal Distribution Amount will not be reduced to the percentage of the then current Stated Principal Balance of the Group II Mortgage Loans (and will remain fixed at such percentage of the then current Stated Principal Balance of the Group II Mortgage Loans as of the Due Date immediately prior to the occurrence of the Group II Trigger Event) until the next Distribution Date on which a Group II Trigger Event is not in effect. Notwithstanding the foregoing, the Group II Extra Principal Distribution Amount will equal zero with respect to each Distribution Date up to and including the Distribution Date in [Month/Year].

Examples of Group II Extra Principal Distribution Amount in a sentence

  • Any Excess Spread with respect to Loan Group II to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount shall be the Group II Extra Principal Distribution Amount and shall be included as part of the related Principal Distribution Amount.

  • Any Group II Excess Spread to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount will be the Group II Extra Principal Distribution Amount and will be included as part of the Group II Principal Distribution Amount.

  • Any Excess Spread with respect to Loan Group II to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount shall be the Group II Extra Principal Distribution Amount and will be included as part of the related Principal Distribution Amount.

  • Any Excess Spread with respect to Loan Group II to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount will be the Group II Extra Principal Distribution Amount and will be included as part of the related Principal Distribution Amount.

  • Any Excess Spread for Loan Group II to the extent necessary to meet a level of overcollateralization equal to the Group II Overcollateralization Target Amount will be the Group II Extra Principal Distribution Amount and will be included as part of the Principal Distribution Amount with respect to Loan Group II.


More Definitions of Group II Extra Principal Distribution Amount

Group II Extra Principal Distribution Amount. With respect to any Distribution Date, an amount equal to (i) prior to the Group II Stepdown Date, the excess of (A) the sum of (I) the Group II Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) and (II) $2,525,013 over (B) the Stated Principal Balance of the Group II Mortgage Loans and (ii) on and after the Group II Stepdown Date, (A) the sum of (I) the Group II Certificate Principal Balance and (II) the greater of (x) 1.00% of the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period and (y) $2,525,013 less (B) the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period; provided, however, that if on any Distribution Date, a Group II Trigger Event is in effect, the Group II Extra Principal Distribution Amount will not be reduced to the percentage of the then current Stated Principal Balance of the Group II Mortgage Loans (and will remain fixed at such percentage of the then current Stated Principal Balance of the Group II Mortgage Loans as of the Due Date immediately prior to the occurrence of the Group II Trigger Event) until the next Distribution Date on which a Group II Trigger Event is not in effect.
Group II Extra Principal Distribution Amount. With respect to the Group II Certificates and any Distribution Date, the lesser of (x) the Group II General Excess Available Amount for such Distribution Date and (y) the related OC Deficiency Amount for such Distribution Date.
Group II Extra Principal Distribution Amount respect to any Distribution Date, to the extent of Group With respect to any Distribution Date, to the extent of I Interest Funds pursuant to Section 3.02(a)(vii) and Group II Interest Funds pursuant to Section Group II Interest Funds available for the purpose 3.02(b)(vii) and Group I Interest Funds available for pursuant to Section 3.02(f)(vii) hereof, an amount equal the purpose pursuant to Section 3.02(e)(vii) hereof, an to the excess of (i) all Realized Losses with respect to amount equal to the excess of (i) all Realized Losses Group I over (ii) all Group I Extra Principal with respect to Group II over (ii) all Group II Extra Distribution Amounts with respect to prior Distribution Principal Distribution Amounts with respect to prior Dates. Distribution Dates.
Group II Extra Principal Distribution Amount. For any Distribution Date, is the lesser of (x) the Group II Monthly Excess Cashflow for such Distribution Date and (y) the Group II Overcollateralization Deficiency for such Distribution Date.
Group II Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (x) the Group II Interest Funds available pursuant to Section 3.03(b)(v) hereof, and
Group II Extra Principal Distribution Amount. To the extent of Group II Interest Funds pursuant to Section 3.03(b)(vi) and Group I Interest Funds available for the purpose pursuant to Section 3.03(e)(x) hereof, an amount equal to the lesser of (x) excess interest pursuant to Section 3.03(f) and (y) with respect to any Distribution Date, the excess of:
Group II Extra Principal Distribution Amount. With respect to the Group II Certificates and any Distribution Date, the Extra Principal Distribution Amount multiplied by a fraction, the numerator of which is the Principal Remittance Amount for the Group II Mortgage Loans and the denominator of which is the Principal Remittance Amount for both Loan Groups for such Distribution Date.