Amount Available for Senior Principal. As to any Distribution Date, Available Funds for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the Senior Certificates pursuant to Section 4.02(a)(ii).
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 2 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(ii) or (b) Loan Group 2, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 1 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(ii).
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(ii) and (b) Loan Group 2, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(ii).
Examples of Amount Available for Senior Principal in a sentence
On any Distribution Date, to the extent the Amount Available for Senior Principal is insufficient to make the full distribution required to be made pursuant to clause (iv) above, the amount distributable on the Senior Certificates in respect of principal shall be equal to the product of (1) the Amount Available for Senior Principal and (2) a fraction, the numerator of which is the Senior Optimal Principal Amount and the denominator of which is the Senior Optimal Principal Amount.
More Definitions of Amount Available for Senior Principal
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 2 and Loan Group 3 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(i) or (b) Loan Group 2, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 1 and Loan Group 3 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(i) or (c) Loan Group 3, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 1 and Loan Group 2 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.03(a)(3)(i).
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(ii) and payment of the Class 1-A-3 Premium to MBIA pursuant to Section 4.02(a)(1)(i), (b) Loan Group 2, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(ii), (c) Loan Group 3, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(3)(ii), (d) Loan Group 4, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(4)(ii), (e) Loan Group 5, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(5)(ii), (f) Loan Group 6, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(6)(ii) and (g) Loan Group 7, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(7)(ii).
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(ii), (b) Loan Group 2, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(ii) and (c) Loan Group 3, the Available Funds for such Distribution Date and Loan Group, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(3)(ii).
Amount Available for Senior Principal. As to any Distribution Date and Loan Group, the related Available Funds for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Sections 4.02(a)(1)(i), Section 4.02(a)(2)(i), Section 4.02(a)(3)(i), Section 4.02(a)(4)(i), Section 4.02(a)(5)(i), Section 4.02(a)(6)(i) and Section 4.02(a)(7)(i).
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group 1, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group 2 and Loan Group 3 for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section
Amount Available for Senior Principal. Available Funds," "Bankruptcy Coverage Termination Date," "Bankruptcy Loss," "Bankruptcy Loss Coverage Amount," "Certificate Balance," "Certificateholder or Holder," "Class A-6 Available Funds," "Class A-6 Contact Person," "Class A-6 Default," "Class A-6 Insurer," "Class A-6 Policy," "Class A-6 Policy Payments Account," "Class A-6 Premium," "Class A-6 Prepayment Interest Shortfall," "Class A-6 Relief Act Reduction," "Class Optimal Interest Distribution Account," "Class Unpaid Interest Amounts," "Compensating Interest," "Deficiency Amount," Engagement Letter," "Event of Default," "Excess Loss," "Fraud Loss Coverage Amount," "Fraud Loss Coverage Termination Date," "Fraud Losses," "Initial Bankruptcy Loss Coverage Amount," "Insolvency Proceeding," "Insured Amounts," Insured Payments," "Late Payment Rate," "Net Prepayment Interest Shortfall," "Order," "Original Applicable Credit Support Percentage," "Preference Amounts," "Premium Percentage," "Prepayment Interest Shortfall," "Prepayment Shift Percentage," "Priority Amount," "Priority Percentage," "Realized Loss," "Reimbursement Amount," "Relief Act," "Relief Act Reductions,' "Required Distributions," "Scheduled Principal Distribution Amount," "Senior Percentage," "Senior Prepayment Percentage," "Senior Principal Distribution Amount," "Senior Step Down Conditions," Special Hazard Coverage Termination Date," "Special Hazard Loss," "Special Hazard Loss Coverage Amount," "Subsequent Recoveries" and "Voting Rights" in Article I, and (b) Section 2.03, Section 2.04, Section 3.08, Xxxxxxx 0.00, Xxxxxxxx 0.00(x), (x), (x), (x) and (g), Section 4.04, Section 4.05, the second sentence of the second paragraph of Section 5.01, Section 7.01, Section 7.03, Section 9.01, Section 9.02, Section 10.01, Section 10.04, Section 10.09 and Section 10.14. Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless (i) it shall have first received an Opinion of Counsel, which opinion shall not be an expense of the Trustee or the Trust Fund, to the effect that such amendment will not cause the imposition of any tax on any REMIC created under this Agreement, the Certificateholders or the Class A-6 Insurer or cause any REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificates are outstanding and (ii) because the Trust Fund is required to be a Qualifying Special Purpose Entity (as that term is defined in Statement of Financial Accounting Sta...
Amount Available for Senior Principal. As to any Distribution Date and (a) Loan Group One, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group Two for such Distribution Date, reduced by the aggregate amount distributable (or allocable to the Accrual Amount, if applicable) on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(1)(i) or (b) Loan Group Two, the sum of (i) Available Funds for such Distribution Date and Loan Group and (ii) Remaining Available Funds for Loan Group One, for such Distribution Date, reduced by the aggregate amount distributable on such Distribution Date in respect of interest on the related Senior Certificates pursuant to Section 4.02(a)(2)(i).