Class IO Distribution Amount definition

Class IO Distribution Amount. As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

Class IO Distribution Amount. As defined in Section 3.20 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Swap Administrator on such Distribution Date in excess of the amount payable on the Class SWAP-IO Interest on such Distribution Date, all as further provided in Section 3.20 hereof.

Class IO Distribution Amount. As defined in Section 3.21 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Derivative Administrator on such Distribution Date in excess of the amount payable on REMIC VI Regular Interest IO on such Distribution Date, all as further provided in Section 3.21 hereof.

Examples of Class IO Distribution Amount in a sentence

• The Securities Administrator also acknowledges the obligation of the Offered Overcollateralized Certificates and the Class CE Certificates to pay the Class IO Distribution Amount.

• For federal income tax purposes, such amounts paid to the Swap Administrator on each Distribution Date shall first be deemed paid to the Swap Administrator in respect of REMIC VI Regular Interest IO to the extent of the amount distributable on such REMIC VI Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Administrator in respect of a Class IO Distribution Amount.

• The Securities Administrator also acknowledges the obligation of the Offered Certificates and the Class CE Certificates to pay the Class IO Distribution Amount.

• The LIBOR Certificates (exclusive of any right to receive Net WAC Rate Carryover Amounts or the obligation to pay any Class IO Distribution Amount) and the Class C Interest (other than the obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments and the right to receive the Class IO Distribution Amount) and the Class P Interest shall be designated as the regular interests in REMIC III and the Class R-III Interest shall be designated as the residual interest in REMIC III.

• The Securities Administrator also acknowledges the obligation of the Offered Overcollateralized Certificates, the Class T-B-1 Certificates and the Class CE Certificates to pay the Class IO Distribution Amount.

More Definitions of Class IO Distribution Amount

Class IO Distribution Amount. Any of the Group I Class IO Distribution Amount or the Group II Class IO Distribution Amount. Closing Date: April 28, 2006.

Class IO Distribution Amount. Any of the Group 1 Class IO Distribution Amount or the Group 2 Class IO Distribution Amount.

Class IO Distribution Amount. Any of the Group I Class IO Distribution Amount or the Group II Class IO Distribution Amount. Closing Date: August 30, 2006. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions. Commission: The U.S. Securities and Exchange Commission.

Class IO Distribution Amount. As defined in Section 4.09(e). Class M Certificates: Collectively, the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates. Class M-1 Certificate: Any one of the Class M-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit B, senior to the Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class SB and Class R Certificates with respect to distributions and the allocation of Realized Losses as set forth in Section 4.05, and evidencing (i) an interest designated as a "regular interest" in REMIC III for purposes of the REMIC Provisions, (ii) the right to receive payments under the Swap Agreement and the SB-AM Swap Agreement, (iii) the right to receive Basis Risk Shortfalls and (iv) an obligation to pay the Class IO Distribution Amount.

Class IO Distribution Amount. As defined in Section 5.12 hereof.

Class IO Distribution Amount. As defined in Section 4.09(e). Class M Certificates: Collectively, the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates. Class M-1 Certificate: Any one of the Class M-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit B, senior to the Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class B, Class SB and Class R Certificates with respect to distributions and the allocation of Realized Losses as set forth in Section 4.05, and evidencing (i) an interest designated as a "regular interest" in REMIC III for purposes of the REMIC Provisions, (ii) the right to receive payments under the Swap Agreement and the SB-AMB Swap Agreement, (iii) the right to receive Basis Risk Shortfalls and (iv) an obligation to pay the Class IO Distribution Amount.

Class IO Distribution Amount. With respect to any Distribution Date, the excess, if any, of the amount payable under the Swap Agreement over the amount payable on the Class L6-SW Regular Interest.