Certificateholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificateholders' Percentage of the Allocable Principal for such Distribution Date.
Certificateholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date prior to the Distribution Date on which the Notes are paid in full, zero; and with respect to any Distribution Date on or after the Distribution Date on which the Notes are paid in full, the Regular Principal Distribution Amount for such Distribution Date (less, on the Distribution Date on which the Notes are paid in full, the portion thereof payable on the Notes).
Certificateholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificateholders' Percentage of the Principal Distribution Amount or, with respect to any Distribution Date on or after the Distribution Date on which the outstanding principal balance of the Class [ ] Notes is reduced to zero, [ ]% of the Principal Distribution Amount (less any amount required on the first such Distribution Date to reduce the outstanding principal balance of the Class [ ] Notes to zero, which shall be deposited into the Note Distribution Account).
Examples of Certificateholders' Monthly Principal Distributable Amount in a sentence
Principal Distributable Amount" means, with respect to any Distribution Date (other than the Final Scheduled Distribution Date), the sum of the Class A Certificateholders' Monthly Principal Distributable Amount for such Distribution Date and the Class A Certificateholders' Principal Carryover Shortfall as of the close of the preceding Distribution Date.
More Definitions of Certificateholders' Monthly Principal Distributable Amount
Certificateholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, the lesser of (i) the Certificateholders' Percentage of the Principal Distributable Amount for such Distribution Date and (ii) the Certificate Balance as of the close of the preceding Distribution Date.
Certificateholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Certificateholders' Percentage of the Principal Distribution Amount or, with respect to any Distribution Date on or after the Distribution Date on which the outstanding principal balance of the Notes is reduced to zero, 100% of the Principal Distribution Amount (less any amount required on the first such Distribution Date to reduce the outstanding principal balance of the Notes to zero, which shall be deposited into the Note Distribution Account).
Certificateholders' Monthly Principal Distributable Amount. With respect to any Distribution Date prior to the Distribution Date on which the Notes are paid in full, zero; and with respect to any Distribution Date commencing on the Distribution Date on which the Notes are paid in full, the sum of (i) the Regular Principal Distribution Amount (less, on the Distribution Date on which the Notes are paid in full, any portion thereof payable on the Notes), plus (ii) for each Distribution Date for which the related Due Period occurred during the Funding Period and for each Distribution Date thereafter if the Overcollateralization Amount is less than the Required Overcollateralization Amount, the Excess Spread, if any.
Certificateholders' Monthly Principal Distributable Amount means that portion of all collections on Underlying Securities allocable to principal received during the related Collection Period.
Certificateholders' Monthly Principal Distributable Amount means, with respect to any payment date, the excess of (1) the sum of the outstanding principal balances of the Class A Notes and the Class B Notes (after giving effect to payments on the Class A Notes and the Class B Notes on such payment date) and the Certificates: minus (2) the sum of (x) the Pool Balance, and (y) any amounts on deposit in the Pre-Funding Account; provided, however, in no event shall the Certificateholders' Monthly Principal Distributable Amount exceed the outstanding amount of Certificates.
Certificateholders' Monthly Principal Distributable Amount means, with respect to any payment date, the excess of (1) the sum of the outstanding principal balances of the Class A Notes and the Class B Notes (after giving effect to payments on the Class A Notes and Class B Notes on such payment date) and the Certificates; provided however, that for purposes of the foregoing calculation any Remaining Pre-Funded Amount shall be deemed to have been withdrawn from the Pre-Funding Account as of the beginning of the Collection Period during which such Remaining Pre-Funded Amount is transferred from the Pre-Funding Account to the Collection Account pursuant to Section 5.7(b) of the Sale and Servicing Agreement, minus (2) 100% of the sum of (x) the Pool Balance, and (y) any amounts on deposit in the Pre-Funding Account; provided, however, in no event shall the Certificateholders' Monthly Principal Distributable Amount exceed the outstanding amount of Certificates.
Certificateholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, the Certificateholders' Percentage of the Principal Distribution Amount. CERTIFICATEHOLDERS' PERCENTAGE: (i)with respect to any Determination Date relating to a Distribution Date prior to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 0%; (ii)with respect to the Determination Date relating to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 0% with respect to that portion of the Principal Distribution Amount equal to the unpaid principal balance of the Class A-1 Notes, and 100% minus the Noteholders' Percentage as of such Determination Date (computed after giving effect to the retirement of the Class A-1 Notes) with respect to the remaining portion of the Principal Distribution Amount; (iii)with respect to any Determination Date relating to a Distribution Date after the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 100% minus the Noteholders' Percentage as of such Determination Date.