Class A Principal means the principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.7(a).
Class A Principal. For any Distribution Date, an amount equal to the Distribution Amount: excess of (x) the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 60.50% and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over $2,877,125. Class M-1 Principal For any Distribution Date, an amount equal to the Distribution Amount: excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the payment of the Class A Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 73.50% and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over $2,877,125. Class M-2 Principal For any Distribution Date, an amount equal to the Distribution Amount: excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the payment of the Class A Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the payment of the Class M-1 Principal Distribution Amount on such Distribution Date) and (iii) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 84.00% and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over $2,877,125. ________________________________________________________________________________
Class A Principal means the principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.4(a).
Examples of Class A Principal in a sentence
The aggregate amount of Class A Principal Collections recharacterized as Series Yield Collections during the related Due Period is equal to $0.00 6b.
Amount of the distribution in respect of Class A Principal: $0.00 E.
The aggregate amount of Class A Principal Collections processed by the Servicer during the related Due Period is equal to ..........
The aggregate amount of Class A Principal Collections recharacterized as Series Yield Collections during the related Due Period is equal to $0.00 6 b.
The aggregate amount of Class A Principal Collections recharacterized as Series Yield Collections during August, 2001 is equal to $0.00 6b.
More Definitions of Class A Principal
Class A Principal means the principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.7(a) of the Agreement.
Class A Principal means, with respect to the Class A Expected Final Payment Date, the unpaid principal amount of the Class A Certificates immediately prior to such Distribution Date.
Class A Principal. For any Distribution Date, the percentage equivalent of Allocation a fraction, determined as follows: (i) in the case of Percentage: the Class A-1 Certificates the numerator of which is (x) the portion of the principal remittance amount for such Distribution Date that is attributable to principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the principal remittance amount for such Distribution Date and (ii) in the case of the Group II Class A Certificates, the numerator of which is (x) the portion of the principal remittance amount for such Distribution Date that is attributable to principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the principal remittance amount for such Distribution Date.
Class A Principal. ALLOCATION For any Distribution Date, the percentage PERCENTAGE: equivalent of a fraction, determined as follows: (i) in the case of the Class A-1 Certificates the numerator of which is (x) the portion of the principal remittance amount for such Distribution Date that is attributable to principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the principal remittance amount for such Distribution Date and (ii) in the case of the Class A-2 and Class A-3 Certificates, the numerator of which is (x) the portion of the principal remittance amount for such Distribution Date that is attributable to principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the principal remittance amount for such Distribution Date.
Class A Principal. For any Distribution Date, an amount equal to the DISTRIBUTION AMOUNT: excess of (x) the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 62.00% and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over $5,025,049. CLASS M-1 PRINCIPAL For any Distribution Date, an amount equal to the DISTRIBUTION AMOUNT: excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the payment of the Class A Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) approximately 74.70% and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over $5,025,049.
Class A Principal. On the Transfer Date preceding each Distribution Date with respect to the Amortization Period, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account or, following the occurrence of a Defeasance, from the Defeasance Funding Account, and deposit into the Distribution Account, to the extent of funds available, an amount equal to the Class A Principal for such Distribution Date. On each Distribution Date with respect to the Amortization Period until the Class A Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class A Securityholders from the Distribution Account such amounts deposited with respect to Class A Principal into the Distribution Account on the related Transfer Date.
Class A Principal shall consist of the Class A Percentage of (a) the principal portion of all scheduled payments due on Receivables during the preceding Collection Period; (b) the Principal Balance of each Receivable that became a Prepaid Receivable during the preceding Collection Period, except to the extent included in (a) or (d); (c) the Principal Balance of each Receivable that was purchased by the Servicer or repurchased by the Seller, in each case, under an obligation that arose during the preceding Collection Period, except to the extent included in (a); and (d) the Principal Balance of each Receivable liquidated during the preceding Collection Period, except to the extent included in (a) or (b). A "Collection Period" with respect to a Distribution Date will be the calendar month preceding the month in which such Distribution Date occurs. The "Class A Interest Carryover Shortfall" as of the close of any Distribution Date means the excess, if any, of the Class A Interest for such Distribution Date plus any outstanding Class A Interest Carryover Shortfall from the preceding Distribution Date, over the amount of interest that the Holders of the Class A Certificates actually received on such current Distribution Date (plus thirty (30) days' interest on the amount of such excess, to the extent permitted by law, at the Pass-Through Rate). The "Class A Principal Carryover Shortfall" as of the close of any Distribution Date means the excess of Class A Principal plus any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount of principal that the Holders of the Class A Certificates actually received on such current Distribution Date. Distributions on this Class A Certificate will be made by the Trustee by wire transfer or check mailed to the Class A Certificateholder of record in the Certificate Register without the presentation or surrender of this Class A Certificate or the making of any notation hereon except that with Reference is hereby made to the further provisions of this Class A Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Trustee, by manual signature, this Class A Certificate shall not entitle the Holder hereof to any benefit under the Agreement or be valid for any purpose.