Class A Monthly Principal Distributable Amount means (i) with respect to any Distribution Date, prior to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 100% of the Principal Distributable Amount, (ii) with respect to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, the sum of (x) 100% of the Principal Distributable Amount with respect to that portion of the Principal Distributable Amount required to reduce the principal balance of the Class A-1 Notes to zero, plus (y) the excess of the amount described in clause (iii) of this definition for such Distribution Date over the amount described in clause (ii) (taking into account payment of the principal balance of the Class A-1 Notes on such Distribution Date), (iii) with respect to any Distribution Date after the Distribution Date on which the Principal Balance of the Class A-1 Notes is reduced to zero until the Distribution Date on which the Principal Balance of the Class A Notes is reduced to zero, the excess of (x) the aggregate outstanding principal balance of the Class A Notes over (y) (A) the outstanding Pool Balance as of the end of the immediately preceding Collection Period minus (B) the Targeted Overcollateralization Amount for such Distribution Date.
Class A Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Class A Percentage of the Principal Distribution Amount.
Class A Monthly Principal Distributable Amount means, for any Payment Date, the Principal Distributable Amount less the Certificate Monthly Principal Distributable Amount; provided that the Class A Monthly Principal Distributable Amount will not exceed the outstanding principal balance of the Class A Notes; provided further that on (i) the Class A-1 Final Payment Date, the Class A Monthly Principal Distributable Amount will at least equal the outstanding principal balance of the Class A-1 Notes, (ii) the Class A-2 Final Payment Date, the Class A Monthly Principal Distributable Amount will at least equal the outstanding principal balance of the Class A-2 Notes, (iii) the Class A-3 Final Payment Date, the Class A Monthly Principal Distributable Amount will at least equal the outstanding principal balance of the Class A-3 Notes, and (iv) the Class A-4 Final Payment Date, the Class A Monthly Principal Distributable Amount will at least equal the outstanding principal balance of the Class A-4 Notes. "Class A-1 Note Final Payment Date" means November 15, 2002.
More Definitions of Class A Monthly Principal Distributable Amount
Class A Monthly Principal Distributable Amount means, with respect to any Payment Date, the sum of (a) the lesser of (i) the Monthly Principal Distributable Amount or (ii) the excess of the Outstanding Amount of the Class A-1 Notes on that Payment Date over any Class A Principal Carryover Shortfall (in each case, before giving effect to any payments made to Class A Noteholders on that Payment Date) and (b) the Class A Percentage of the Monthly Principal Distributable Amount reduced by amounts allocated in clause (a) of this definition; provided, however, that the Class A Monthly Principal Distributable Amount shall not exceed the excess of the Outstanding Amount of the Class A Notes over the Class A Principal Carryover Shortfall.
Class A Monthly Principal Distributable Amount. With respect to any Distribution Date and Certificate Group, the amount equal to the sum of the following amounts (without duplication) with respect to the immediately preceding Due Period: (i) that portion of all Monthly Payments allocable to principal on or in respect of the Mortgage Loans in the related Loan Group, including all full and partial prepayments allocable to principal, received during the related Due Period, (ii) the Principal Balance of all Mortgage Loans in the related Loan Group that became Liquidated Mortgage Loans during such Due Period immediately prior to the final recovery of related Liquidation Proceeds, and (iii) the portion of the Purchase Price allocable to principal of all Defective Mortgage Loans in the related Loan Group that were repurchased during the related Due Period, and any Substitution Adjustments deposited to the Distribution Account pursuant to Section 2.06(a) on or prior to the previous Determination Date and not yet distributed.
Class A Monthly Principal Distributable Amount. With respect to any Distribution Date and Certificate Group, the amount equal to the sum of the following amounts (without duplication) with respect to the immediately preceding Due Period: (i) that portion of all Monthly Payments allocable to principal on Mortgage Loans in the related Loan Group, including all full and partial principal prepayments received during the related Due Period, (ii)the Principal Balance of all Mortgage Loans in the related Loan Group that became Liquidated Mortgage Loans for the first time during the related Due Period, (iii)the portion of the Purchase Price allocable to principal of all Mortgage Loans in the related Loan Group that were repurchased during the related Due Period, and any Substitution Adjustments for Mortgage Loans in the related Loan Group, deposited to the Distribution Account pursuant to Section 2.06 on or prior to the related Determination Date and not previously distributed, (iv) with respect to the initial Distribution Date, the amount deposited from the Funding Account into the Distribution Account in respect of such Certificate Group pursuant to Section 4.02(b) and (v) Distributable Excess Spread for such Certificate Group.
Class A Monthly Principal Distributable Amount means (i) with respect to any Distribution Date, prior to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 100% of the Principal Distributable Amount, (ii) with respect to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, the sum of (x) 100% of the Principal Distributable Amount with respect to that portion of the Principal Distributable Amount required to reduce the principal balance of the Class A-1 Notes to zero, plus (y) the excess of the amount described in clause (iii) of this definition for such
Class A Monthly Principal Distributable Amount means (i) with respect to any Distribution Date, prior to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 100% of the Principal Distributable Amount, (ii) with respect to the Distribution Date on which the principal balance of the Class A-1 Notes is reduced to zero, 100% of the Principal Distributable Amount with respect to that portion of the Principal Distributable Amount required to reduce the principal balance of the Class A-1 Notes to zero, plus the excess of the amount described in clause (iii) of this definition for such Distribution Date over the amount of the Principal Distributable Amount applied on such Distribution Date to reduce the principal balance of the Class A-1 Notes to zero, (iii) with respect to any Distribution Date on and after the Distribution Date on which the Principal Balance of the Class A-1 Notes is reduced to zero until the Distribution Date on which the Principal Balance of the Class A Notes is reduced to zero, the excess of (x) aggregate outstanding principal balance of the Class A Notes over (y) (A) the product of 69.25% and the Pool Balance as of the end of the related Collection Period minus (B) the Targeted Overcollateralization Amount for such Distribution Date.
Class A Monthly Principal Distributable Amount. With respect to any Distribution Date, the amount (without duplication) equal to the sum of (i) (a) that portion of all Monthly Payments allocable to principal on the Mortgage Loans, including all Principal Prepayments and Curtailments received during the related Collection Period and (b) the principal portion of Payaheads received by the Master Servicer in prior Collection Periods intended by the Mortgagor to be applied in the related Collection Period, (ii) the Loan Balance as of the end of the immediately preceding Collection Period of all Mortgage Loans that became Liquidated Mortgage Loans during the related Collection Period, (iii) the portion of the Purchase Price allocable to principal of all Defective Mortgage Loans that were repurchased during the related Collection Period, (iv) any Substitution Adjustment Amounts deposited to the Collection Account pursuant to Section 2.7(a) on or prior to the previous Determination Date and not yet distributed and (v) the Distributable Excess Spread for such Distribution Date.
Class A Monthly Principal Distributable Amount. With respect to any Distribution Date, the amount equal to the sum of the following amounts (without duplication) with respect to the immediately preceding Due Period: (i) that portion of all Monthly Payments allocable to principal on Home Equity Loans, including all full and partial principal prepayments received during the related Due Period, (ii) the Principal Balance of all Home Equity Loans that became Liquidated Home Equity Loans for the first time during the related Due Period, (iii) the portion of the Purchase Price allocable to principal of all Defective Home Equity Loans that were repurchased during the related Due Period, and any Substitution Adjustments for Home Equity Loans, deposited to the Distribution Account pursuant to Section 2.06 on or prior to the related Determination Date and not previously distributed, and (iv) Distributable Excess Spread.