Class A Formula Distribution Amount. (assuming a sufficient Amount Available) but for the operation of the proviso to such term shall instead be included in clause (c) of this definition; provided, further, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the Original Class M-1 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding April 15, 1997) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, and (vii) the Class A-7 Remittance Rate on the Class A-7 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance, the Original Class A-6 Principal Balance and the Original Class A-7 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, and (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance and the Original Class A-6 Principal Balance.
Examples of Class A Formula Distribution Amount in a sentence
The information with respect to the Remittance Date provided by the Servicer to the Trustee and the Certificate Insurer on the Determination Date shall also include the Class A Formula Distribution Amount, the Class A Pass-Through Rate, the Weighted Average Rate Cap, the Premium Percentage, the aggregate Class A Principal Balance, the aggregate sum of the Trust Balances for all Mortgage Loans and the Required Reserve Account Level.
More Definitions of Class A Formula Distribution Amount
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding January 15, 1996) at (i) the Class A-1 Remittance Rate on the Class X- 0 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, and (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance and the Original Class A-6 Principal Balance.
Class A Formula Distribution Amount means, as to any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding the first Payment Date) at (1) the Class A-1 ARM Pass-Through Rate on the Class A-1 ARM Principal Balance, (2) the Class A-1 Pass-Through Rate on the Class A-1 Principal Balance, (3) the Class A-2 Pass-Through Rate on the Class A-2 Principal Balance, (4) the Class A-3 Pass-Through Rate on the Class A-3 Principal Balance, (5) the Class A-4 Pass-Through Rate on the Class A-4 Principal Balance and (6) the Class A-5 IO Pass-Through Rate on the Class A-5 IO Notional Principal Amount, in each case to be calculated immediately prior to such Payment Date, (b) the aggregate of the Unpaid Class A Interest Shortfalls, if any, with respect to each Class of Class A Certificates, and (c)(i) if there is no Class A Liquidation Loss Principal Amount as to such Payment Date, the Class A Formula Principal Distribution Amount, or (ii) if there is a Class A Liquidation Loss Principal Amount as to such Payment Date, the amount determined in accordance with Section 8.03(b)(3)(ii); PROVIDED, HOWEVER, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) shall not exceed the aggregate of the Original Class Principal Balances of Class A.
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of:
Class A Formula Distribution Amount means, as to any Remittance Date, an amount equal to the sum of (a) interest (calculated in the manner specified in Section 1.03) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, (vii) the Class A-7 Remittance Rate on the Class A-7 Principal Balance, (viii) the Class A-8 Remittance Rate on the Class A-8 Principal Balance, and (ix) the Class A-9 Remittance Rate on the Class A-9 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, however, that the aggregate of all amounts distributed for all Remittance Dates pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance, the Original Class A-6 Principal Balance, the Original Class A-7 Principal Balance, the Original Class A-8 Principal Balance and the Original Class A-9 Principal Balance.
Class A Formula Distribution Amount means, as to any Remittance Date, an ----------------------------------- amount equal to the sum of (a) one month's interest (or, with respect to the first Remittance Date, interest from and including the Closing Date to but excluding July 15, 1997) at (i) the Class A-1 Remittance Rate on the Class A-1 Principal Balance, (ii) the Class A-2 Remittance Rate on the Class A-2 Principal Balance, (iii) the Class A-3 Remittance Rate on the Class A-3 Principal Balance, (iv) the Class A-4 Remittance Rate on the Class A-4 Principal Balance, (v) the Class A-5 Remittance Rate on the Class A-5 Principal Balance, (vi) the Class A-6 Remittance Rate on the Class A-6 Principal Balance, and (vii) the Class A-7 Remittance Rate on the Class A-7 Principal Balance, in each case calculated immediately prior to such Remittance Date, (b) the aggregate Unpaid Class A Interest Shortfall, if any, (c) the Class A Percentage of the Formula Principal Distribution Amount and (d) any Unpaid Class A Principal Shortfall; provided, -------- however, that the aggregate of all amounts distributed for all Remittance Dates ------- pursuant to clauses (c) and (d) shall not exceed the sum of the Original Class A-l Principal Balance, the Original Class A-2 Principal Balance, the Original Class A-3 Principal Balance, the Original Class A-4 Principal Balance, the Original Class A-5 Principal Balance, the Original Class A-6 Principal Balance and the Original Class A-7 Principal Balance.
Class A Formula Distribution Amount means, for any Payment Date, an amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding October 15, 1999) at (1) the Class A-1A ARM Pass- Through Rate on the Class A-1A ARM Principal Balance, (2) the Class A-1B ARM Pass- Through Rate on the Class A-1B ARM Principal Balance, (3) the Class A-1 Pass-Through Rate on the Class A-1 Principal Balance, (4) the Class A-2 Pass-Through Rate on the Class A-2 Principal Balance, (5) the Class A-3 Pass-Through Rate on the Class A-3 Principal Balance, (6) the Class A-3A Pass-Through Rate on the Class A-3A Principal Balance and (7) the Class A-4 IO Pass-Through Rate on the Class A-4 IO Notional Principal Amount, in each case to be calculated immediately prior to such Payment Date, (b) the aggregate of the Unpaid Class A Interest Shortfalls, if any, with respect to each Class of Class A Certificates, and (c)(i) if there is no Class A Principal Deficiency Amount for such Payment Date, the Class A Formula Principal Distribution Amount, or (ii) if there is a Class A Principal Deficiency Amount for such Payment Date, the amount determined in accordance with Section 8.04(b)(6)(i); provided, however, that the aggregate of all amounts distributed for all Payment Dates pursuant to clause (c) shall not exceed the aggregate of the Original Class Principal Balances of the Class A Certificates.
Class A Formula Distribution Amount means, as to any Payment Date, the sum of (a) the Class A Formula Principal Distribution Amount, (b) the Class A Interest Amount, and (c) any Unpaid Class A Interest Shortfall.