Certificate Monthly Principal Distributable Amount definition

Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.
Certificate Monthly Principal Distributable Amount means (a) zero on any Payment Date on which the outstanding principal balance of the Notes has not been reduced to zero after taking into account distributions on such Payment Date and (b) on each Payment Date on and after the Payment Date on which the outstanding principal balance of the Notes is reduced to zero, an amount equal to the Principal Distributable Amount minus the principal payment, if any, on the Notes on such Payment Date.
Certificate Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificate Percentage of the Principal Distributable Amount for such Distribution Date.

Examples of Certificate Monthly Principal Distributable Amount in a sentence

Certificate Monthly Principal Distributable Amount to be deposited into Certificate Distribution Account: _________________.


More Definitions of Certificate Monthly Principal Distributable Amount

Certificate Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificate Percentage of the Principal Distributable Amount (as reduced by the Note Principal Distributable Amount, if any, for such Distribution Date (after giving effect to any First Priority Principal Distributable Amount and Second Priority Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.
Certificate Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificate Percentage of the Monthly Principal Payment.
Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date the sum of (a) the Certificate Adjusted Principal Distributable Amount and (b) the Certificate Principal Carryover Shortfall; provided that the Certificate Monthly Principal Distributable Amount shall not exceed the Certificate Balance.
Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date the sum of (a) the Certificate Adjusted Principal Distributable Amount and (b) the Certificate Principal Carryover Shortfall; provided that the Certificate Monthly Principal Distributable Amount shall not exceed the Certificate Balance; provided, further, that if any Class A Note is outstanding, the Certificate Monthly Principal Distributable Amount shall not exceed the amount of principal that, if distributed on the Certificates, would reduce the outstanding principal amount of the Certificates to an amount equal to 1.25% of the initial Note Value.