Common use of Principal Payment Amount Clause in Contracts

Principal Payment Amount. For 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, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R and Class A-RL Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 53.14% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-2 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.5906% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.0906% per annum and (ii) the Net Funds Cap.

Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is has not in effect occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R and R, Class A-RL Certificates RL, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates, in each case, after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-1 M-5 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 53.1471.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-2 M-6 Pass-Through Rate: With respect to the initial Interest Accrual Period, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum. With respect to any Interest Accrual Period (a) on or prior thereafter, will be a per annum rate equal to the Optional Termination Date, the lesser of (i) 5.5906% per annum and (ii) the Net Funds Cap, and (b) after sum of LIBOR plus the Optional Termination Date, the lesser of (i) 6.0906% per annum related Certificate Margin and (ii) the Net Funds Cap.

Principal Payment Amount. For 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, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R and R, Class A-RL and Class M-1 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-1 M-2 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 53.1463.50% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-2 M-3 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.59065.5392% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.09066.0392% per annum and (ii) the Net Funds Cap.

Principal Payment Amount. For 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, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R and R, Class A-RL RL, Class M-1 and Class M-2 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-1 M-3 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 53.1467.44% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-2 M-4 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.59065.7010% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.09066.2010% per annum and (ii) the Net Funds Cap.