Class A-1 Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.00% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date.

Class A-1 Principal Distribution Amount. With respect to any Distribution Date, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 61.00% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $3,363,197.

Examples of Class A-1 Principal Distribution Amount in a sentence

Payment of Class A-1 Principal Distribution Amount from Reserve Account $ -- 8.
Payment of Class A-1 Principal Distribution Amount from Priority Note Principal Payment Account $ -- 6.
Senior Lender shall deliver to the Junior Lender a default notice within ten business days in each case where Senior Lender has given a default notice to the Borrower.
Payment of Class A-1 Principal Distribution Amount from Priority Note Principal Payment Account $ - 6.
Payment of Class A-1 Principal Distribution Amount from Reserve Account Draw Amount $ - 7.

More Definitions of Class A-1 Principal Distribution Amount

Class A-1 Principal Distribution Amount. With respect to the Class A-1 Certificates for any Distribution Date, the lesser of (x) the Remaining Principal Distribution Amount for such Distribution Date, and (y) the Class A-1 Certificate Principal Balance as of such Distribution Date. On the Class A-1 Certificate Termination Date, any excess of (a) the amount described in clause (x) of the preceding paragraph over (b) the amount described in clause (y) of the preceding paragraph shall be distributed as principal with respect to the Class A-2 Certificates, as elsewhere provided herein.

Class A-1 Principal Distribution Amount. With respect to the Class A-1 Certificates for any Distribution Date, the lesser of (x) the Principal Distribution Amount for such Distribution Date, or (y) the Class A-1 Certificate Principal Balance as of such Distribution Date.

Class A-1 Principal Distribution Amount. With respect to any Distribution Date, an amount, not less than zero, equal to the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 60.00% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $4,764,193.

Class A-1 Principal Distribution Amount means, with respect to the Class A-1 Certificates for any Remittance Date, the lesser of:

Class A-1 Principal Distribution Amount. With respect to the Class A-1 Notes for any Distribution Date, the lesser of (x) the Principal Distribution Amount for Pool I for such Distribution Date, and (y) the Class A-1 Note Principal Balance as of such Distribution Date.

Class A-1 Principal Distribution Amount. With respect to any Payment Date on or prior to the Class A-1 Termination Date, an amount equal to the lesser of (x) the Remaining Group I Principal Distribution Amount for such Payment Date and (y) the amount necessary to reduce the Class A-1 Principal Balance (as it was immediately prior to such Payment Date) to zero. On the Class A-1 Termination Date any portion of the Remaining Group I Principal Distribution Amount for such Payment Date remaining on such Payment Date following the reduction to zero of the Class A-1 Principal Balance shall be distributed as the initial principal distribution on the Class A-2 Group I Certificates.

Class A-1 Principal Distribution Amount. For any Distribution Date, the product of (i) the Class A Principal Distribution Amount for such Distribution Date and (ii) the percentage equivalent of a fraction, the numerator of which is (x) the Group I Principal Remittance Amount for such Distribution Date and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.