Class Distribution Amount definition

Class Distribution Amount. As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.

Class Distribution Amount. As to each Exchangeable Class and Exchange Class and any Distribution Date, an amount equal to the aggregate of the Class Interest Distribution Amount and Class Principal Distribution Amount on such date. As to each Related REMIC Class on any Distribution Date, the sum of (i) the Accrued Certificate Interest distributable to such Class pursuant to the Underlying Trust Agreement on such date; and (ii) the amount of principal distributable to such Class pursuant to the Underlying Trust Agreement on such date.

Class Distribution Amount. With respect to each Class of Exchangeable Initial Certificates and Exchangeable Certificates and a Distribution Date, the amount of distributions allocated to such Class pursuant to Section 6.01 of the Pooling and Servicing Agreement.

Examples of Class Distribution Amount in a sentence

• All distributions of such Class Distribution Amount which are made with respect to a particular Class shall be made pro rata among all Certificates of such Class in proportion to their respective Certificate Balances, with no preference or priority of any kind.

• In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date.

• On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Account the Class Distribution Amount for each Class and shall cause the Paying Agent to make the appropriate distributions to the Holders of each related Class.

• All distributions of such Class Distribution Amount that are made with respect to a particular Class shall be made pro rata among all Certificates of such class in proportion to their respective Certificate Balances, with no preference or priority of any kind.

• In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date.

More Definitions of Class Distribution Amount

Class Distribution Amount. As to any Distribution Date and each Exchangeable Class, an amount equal to the sum of (i) the Interest Distribution Amount for such Class and (ii) the Class Principal Distribution Amount for such Class.

Class Distribution Amount. As to each Combinable Class and each Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction, the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date, and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class and each Distribution Date, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class. In calculating or causing to be calculated the amount to be distributed on any Distribution Date, the Trustee will make any adjustments as are necessary to reconcile prior payments made in error.

Class Distribution Amount means, with respect to any Distribution Date, the aggregate amount distributed to the Class [__] Certificateholders pursuant to Section 6.01(a).

Class Distribution Amount. As to any Distribution Date to and including the Class (_) Termination Date, the sum of (a) the Amount Available for Class (_) Interest and (b) the Amount Available for Class (_) Principal.

Class Distribution Amount has the meaning given to such term in clause 8.10 (Payment of Principal Amounts) of the Security Trust Deed and Cash Management Agreement, as set out in Schedule 2 (Addition to Clause 8 of the Security Trust Deed and Cash Management Agreement).

Class Distribution Amount. For any Payment Date, the lesser of (i) the aggregate amount of Termination Fees collected during the related Collection Period and (ii) the aggregate amount applied pursuant to Sections 5.06(a)(i) and (ii) on such Payment Date. Class [ ] Certificate: A Residual Certificate, substantially in the form of Exhibit [ ]-2 to the Trust Agreement.

Class Distribution Amount. As to any Class of Certificates and any Distribution Date, the sum of (i) the Class Interest Amo unt (representing all or a portion of the Interest Distribution Amount, if any), and (ii) the Class Principal Amount (representing all or a portion of the Principal Distribution Amount, if any).