Z-1 Principal Distribution Amount definition

Z-1 Principal Distribution Amount. For any Distribution Date, the sum of (A) the excess, if any, of the Class C-Z-1 Principal Reduction Amount for such Distribution Date over the principal portion of Realized Losses allocated to the Class C-Z-1 Regular Interest on such Distribution Date and (B) an amount equal to the lesser of (i) the Subsequent Recoveries for Subgroup 1 for such Distribution Date and (ii) the amount of Realized Losses allocated to the Class C-Z-1 Regular Interest on previous Distribution Dates (the amount in this clause (B)(ii) reduced by the amount, if any, calculated pursuant to this clause (B) for prior Distribution Dates). Class C-Z-1 Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
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Z-1 Principal Distribution Amount. For any Distribution Date, the excess, if any, of the Class D-Z-1 Principal Reduction Amount for such Distribution Date over the principal portion of Realized Losses allocated to the Class D-Z-1 Regular Interest on such Distribution Date. Class D-Z-2 Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein. Class D-Z-2 Principal Distribution Amount: For any Distribution Date, the excess, if any, of the Class D-Z-2 Principal Reduction Amount for such Distribution Date over the principal portion of Realized Losses allocated to the Class D-Z-2 Regular Interest on such Distribution Date. Class P Certificates: The Class II-P and Class III-P Certificates and Component I-A-1-4 of the Class I-A-1 Certificates. Class P Fraction: Any of the Class I-P, Class II-P or Class III-P Fractions, as applicable. Class P Mortgage Loan: Any of the Class I-P, Class II-P or Class III-P Mortgage Loans. Class P-L Regular Interests: The Class II-P-L and Class III-P-L
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Related to Z-1 Principal Distribution Amount

  • 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.

  • M2 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 Class A and Class M1 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M2 Certificates immediately prior to such Distribution Date exceeds (y) the M2 Target Amount.

  • M3 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 and the Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target 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.