Calculated Principal Distribution definition

Calculated Principal Distribution. As defined in Section 5.03(d).
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Calculated Principal Distribution. As defined in Section 5.03(d). Certificate: Any of the Banc of America Mortgage 2006-2 Trust, Mortgage Pass-Through Certificates, Series 2006-2 that are issued pursuant to this Agreement.
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Examples of Calculated Principal Distribution in a sentence

  • In the event that after the allocation of Realized Losses for a Distribution Date, the Calculated Principal Distribution for a Class of Subordinated Certificates is greater than the Class Certificate Balance of such Class, the excess shall be distributed pro rata to the Classes of Subordinate Certificates in accordance with their remaining Class Certificate Balances.

  • In the event that after the allocation of Realized Loss Shortfalls for a Distribution Date, the Calculated Principal Distribution for a Class of Class B Certificates is greater than the Principal Balance of such Class, the excess shall be distributed to the Classes of Class A Certificates and any Class of Class B Certificates with a lower numerical designation, pro rata, based on their outstanding Principal Balances.

  • The calculation of the amount to be distributed as principal to any Class of Class B Certificates with respect to a Distribution Date (the "Calculated Principal Distribution") shall be made prior to the allocation of any Realized Loss Shortfall for such Distribution Date; provided, however, the actual payment of principal to the Class B Certificates shall be made subsequent to the allocation of Realized Loss Shortfalls for such Distribution Date.