Class A-6 Accretion Direction Rule definition

Class A-6 Accretion Direction Rule. With respect to the Class A-6 Certificates and any Distribution Date up to and including the Class A-6 Accrual Termination Date, the Accrual Amount with respect to the Class A-6 Certificates shall be distributed as principal, concurrently, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero.
Class A-6 Accretion Direction Rule. With respect to the Class A-6 Certificates and any Distribution Date up to and including the Class A-6 Accrual Termination Date, the Accrual Amount with respect to the Class A-6 Certificates shall be distributed as principal: first, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, in an amount up to the amount necessary to reduce their respective Class Certificate Balances to their respective Planned Balances for that Distribution Date; second, to the Class A-4 Certificates, in an amount up to the amount necessary to reduce its Class Certificate Balance to its Targeted Balance for that Distribution Date; third, to the Class A-5 Certificates, until its Class Certificate Balance is reduced to zero; fourth, to the Class A-4 Certificates without regard to its Targeted Balance, until its Class Certificate Balance is reduced to zero; fifth, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, without regard to their respective Planned Balances, until their respective Class Certificate Balances are reduced to zero; and sixth, to the Class A-6 Certificates, until its Class Certificate Balance is reduced to zero.
Class A-6 Accretion Direction Rule. With respect to the Class A-6 Certificates and any Distribution Date up to and including the Class A-6 Accrual Termination Date, the Accrual Amount with respect to the Class A-6 Certificates shall be distributed as principal, sequentially in the following order of priority: (a) concurrently, 14.2130506045% to the Class A-1, 77.3679849523% to the Class A-2 and 8.4189644432% to the Class A-3 Certificates, until the Class Certificate Balance of the Class A-3 Certificates is reduced to zero; (b) concurrently, 14.2130506045% to the Class A-1, 77.3679849523% to the Class A-2 and 8.4189644432% to the Class A-4 Certificates until the Class Certificate Balance of the Class A-4 Certificates is reduced to zero; (c) concurrently, 14.2130506045% to the Class A-1, 45.8818612212% to the Class A-4 and 39.9050881743% to the Class A-5 Certificates, until their respective Class Certificate Balances are reduced to zero; and (d) to the Class A-6 Certificates, until its Class Certificate Balance is reduced to zero.

Related to Class A-6 Accretion Direction Rule

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Class A Non-PO Optimal Amount As to any Distribution Date, the sum for such Distribution Date of (i) the Class A Interest Accrual Amount, (ii) the Aggregate Class A Unpaid Interest Shortfall and (iii) the Class A Non-PO Optimal Principal Amount.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.0840%.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class M-1 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-1 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class A-2 Component The Component having such designation.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Class A-S Component The Component having such designation.

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Class D Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date.

  • Class B Pass-Through Rate As to any Distribution Date, 6.750% per annum.

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class M-2 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-2 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).