Scheduled Principal Distribution Amount definition
Scheduled Principal Distribution Amount. With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:
Scheduled Principal Distribution Amount. Not applicable.
Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of all amounts described in clauses (a) through (d) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amounts will be reduced on the related Distribution Date by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.
Examples of Scheduled Principal Distribution Amount in a sentence
On each Distribution Date during the Funding Period, the Scheduled Principal Distribution Amount shall be deposited to the Funding Account and shall not be distributed to Class A Certificateholders; provided, however, that on each Distribution Date during the Funding Period, the Trustee shall distribute as principal to the Class A Certificateholders on such Distribution Date amounts deposited in the Collection Account pursuant to Sections 5.05(c)(i)(B) and 5.05(c)(iii)(C).
On each Distribution Date during the Funding Period, the Trustee shall withdraw from the Collection Account and deposit to the Funding Account the Scheduled Principal Distribution Amount for such Distribution Date; provided, however, if permitted by Section 3.02(c) hereof, such deposit may be effected by the recordation of such amount in the Funding Master Note pursuant to such Section 3.02(c).
On each Distribution Date commencing with the first Distribution Date after the Funding Period and until the Class A Certificate Principal Balance is reduced to zero, the Trustee shall distribute the Principal Collections to Class A Certificateholders in an amount equal to the lesser of (i) the Scheduled Principal Distribution Amount for such date and (ii) the Class A Certificate Principal Balance after giving effect to the distributions made pursuant to Section 5.01(a) on such Distribution Date.
More Definitions of Scheduled Principal Distribution Amount
Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of the Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date.
Scheduled Principal Distribution Amount. For any Distribution Date will be equal to the sum, without duplication, of:
Scheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions of the following: (a) all Monthly Payments (excluding Balloon Payments) due in respect of such Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date (and not previously distributed to Certificateholders), prior to, the related Due Period, and all Assumed Scheduled Payments with respect to the Mortgage Loans for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments with respect to the Mortgage Loans to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date), and to the extent not included in clause (a) above.
Scheduled Principal Distribution Amount. For any Distribution Date, the Senior Percentage of the Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amount will be reduced on the related Distribution Date by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.
Scheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions of the following: (a) all Periodic Payments (excluding Balloon Payments) with respect to the Mortgage Loans due during or, if and to the extent not previously received or advanced pursuant to Section 4.03 and distributed to Certificateholders on a preceding Distribution Date, prior to the related Collection Period and all Assumed Scheduled Payments with respect to the Mortgage Loans for the related Collection Period, in each case to the extent either (i) paid by the related Mortgagor as of the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a Grace Period ending after the related Determination Date, the related Due Date or last day of such Grace Period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related Master Servicer Remittance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03, and (b) all Balloon Payments with respect to the Mortgage Loans to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring, or a Grace Period ending, after the related Determination Date, the related Due Date or, last day of such Grace Period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related Master Servicer Remittance Date), and to the extent not included in clause (a) above. Principal payments comprising the Scheduled Principal Distribution Amount for the Bass Pro & Cabela’s Portfolio Mortgage Loan shall be allocated between the Pooled BP Call Protected Note and the BP Freely Prepayable Note pursuant to the related Mortgage Loan documents.
Scheduled Principal Distribution Amount. As to any Distribution Date and Loan Group 1, an amount equal to the Non-A-P Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of "Non-A-P Formula Principal Amount" for such Distribution Date and Loan Group 1; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan in Loan Group 1 that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amount for Loan Group 1 will be reduced on the related Distribution Date by the applicable Non-A-P Percentage of the principal portion of such Bankruptcy Loss.
Scheduled Principal Distribution Amount. With respect to any Distribution Date, the aggregate of the principal portions of (a) all Monthly Payments (excluding Balloon Payments) due in respect of the Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date, prior to the related Due Period, and all Assumed Scheduled Payments for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Business Day preceding the related P&I Advance Date (and not previously distributed to Certificateholders) or (ii) advanced by the Servicer, the Trustee or the Fiscal Agent, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments to the extent received during the related Due Period, and to the extent not included in clause (a) above.