Common use of Class CE Distributable Amount Clause in Contracts

Class CE Distributable Amount. On any Distribution Date, the sum of (i) as a distribution in respect of interest, the amount of interest that has accrued on the Class CE Interest and not applied as an Extra Principal Distribution Amount on such Distribution Amount on such Distribution Date, plus any such accrued interest remaining undistributed from prior Distribution Dates, plus (without duplication) (ii) as a distribution in respect of principal, any portion of the Principal Balance of the Class CE Interest which is distributable as a Release Amount, minus (iii) any amounts paid in respect of the Class A Subclass Cap Amounts or the Class M Subclass Cap Amounts. Class LT-Accrual Interest. One of the separate non-certificated beneficial ownership interests in the Lower-Tier REMIC issued hereunder and designated as a regular interest in the Lower-Tier REMIC. Class LT-Accrual Interest shall accrue interest at the related Interest Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to 1/2 of the Pool Balance plus 1/2 of the Overcollateralization Amount, as set forth in Section 12.04(a).