Class M-2 Principal Payment Amount. With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the Certificate Principal Balances of the Senior Certificates and the Class M-1 Certificates, in each case, after giving effect to payments on such Distribution Date and (ii) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 66.20% and (ii) the Aggregate Loan Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Loan Balance as of the Cut-off Date.
Class M-2 Principal Payment Amount. For any Payment Date on or after the Stepdown Date with respect to such Payment Date, will be the amount, if any, by which (x) the sum of (i) the Class Principal Balance of the Senior Notes and the Class Principal Balance of the Class M-1 Notes, in each case, after giving effect to payments on such Payment Date and (ii) the Class Principal Balance of the Class M-2 Notes immediately prior to such Payment Date exceeds (y) the lesser of (A) the product of (i) _____% and (ii) the Aggregate Loan Balance for such Payment Date and (B) the amount, if any, by which (i) the Aggregate Loan Balance for such Payment Date exceeds (ii) ____% of the Aggregate Loan Balance as of the Cut-off Date.
Class M-2 Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2, Class A-3, Class P, Class A-R and Class M-1 Certificates, in each case, after giving effect to payments on such Distribution Date and (ii) the aggregate Class Principal Balance of the Class M-2A Certificates and Class M-2B Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 84.46% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date.
More Definitions of Class M-2 Principal Payment Amount
Class M-2 Principal Payment Amount. With respect to any Payment Date, the excess of (x) the sum of (i) the aggregate Note Balance of the Class A Notes (after taking into account the payment of the Senior Principal Payment Amount on such Payment Date), (ii) the Note Balance of the Class M-1 Notes (after taking into account the payment of the Class M-1 Principal Payment Amount on such Payment Date) and (iii) the Note Balance of the Class M-2 Notes immediately prior to such Payment Date over (y) the lesser of (A) the product of (i) 70.50% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (B) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period minus $14,504,838.
Class M-2 Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balances of the Class A-1, Class A-2, Class R, Class P and Class M-1 Certificates, in each case, after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-2 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 86.00% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date.
Class M-2 Principal Payment Amount. As to any Payment Date on or after the Stepdown Date, (x) if a Delinquency Event is in effect and if the aggregate Class Note Balances of the Senior and Class M-1 Notes have been reduced to zero, 100% of the remaining Principal Payment Amount, or (y) if a Delinquency Event is not in effect: the excess of (1) the sum of (A) the aggregate Class Note Balance of the Senior Notes (after giving effect to payment of the Senior Principal Payment Amount for such Payment Date), (B) the Class Note Balance of the Class M-1 Notes (after giving effect to payment of the Class M-1 Principal Payment Amount for such Payment Date) and (C) the Class Note Balance of the Class M-2 Notes immediately prior to such Payment Date over (2) the lesser of (A) 81.70% of the Pool Balance as of the last day of the related Due Period, minus the related Subordination Required Overcollateralization Amount for that Payment Date and (B) the Pool Balance as of the last day of the related Due Period minus the OC Floor.
Class M-2 Principal Payment Amount. With respect to any Payment Date on or after the Stepdown Date, as long as a Trigger Event has not occurred with respect to such Payment Date, an amount equal to the lesser of (x) the remaining Principal Payment Amount for that Payment Date after payment of the Class A Principal Payment Amount and the Class M-1 Principal Payment Amount and (y) the excess, if any, of (A) the sum of (1) the aggregate Class Principal Amount of the Class A-1 and Class A-2 Notes (after taking into account the payment of the Class A Principal Payment Amount for such Payment Date), (2) the Class Principal Amount of the Class M-1 Notes (after taking into account the payment of the Class M-1 Principal Payment Amount for such Payment Date) and (3) the Class Principal Amount of the Class M-2 Notes immediately prior to such Payment Date, over (B) the lesser of (a) the product of (i) approximately 90.60% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period, and (b) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period minus the Overcollateralization Floor.
Class M-2 Principal Payment Amount. With respect to any Payment Date before the Stepdown Date or for which a Trigger Event is in effect, zero, and with respect to any Payment Date on or after the Stepdown Date and as long as a Trigger Event is not in effect the excess of:
Class M-2 Principal Payment Amount. With respect to any Payment Date on or after the Stepdown Date, as long as a Trigger Event has not occurred with respect to such Payment Date, an amount equal to the lesser of (x) the remaining Principal Payment Amount for that Payment Date after payment of the Class A Principal Payment Amount and the Class M-1 Principal Payment Amount and (y) the excess, if any, of (A) the sum of (1) the aggregate Class Principal Amount of the Class A-1 and Class A-2 Notes (after taking into account the payment of the Class A Principal Payment Amount for such Payment Date), (2) the Class Principal Amount of the Class M-1 Notes (after taking into account the payment of the Class M-1 Principal Payment Amount for such Payment Date) and (3) the Class Principal Amount of the Class M-2 Notes immediately prior to such Payment Date, over (B) the lesser of (a) the product of (i) approximately 90.00% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period, and (b) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Collection Period minus the Overcollateralization Floor.
Class M-2 Principal Payment Amount. (a) For any Payment Date other than the related Final Stated Maturity Date, will equal the lesser of (i) Required Principal Payment Amount for such Payment Date minus the Class A Principal Payment Amount and the Class M-l Principal Payment Amount for such Payment Date and (ii) the Class M-2 Note Balance as of the day immediately preceding such Payment Date less the Class M-2 Target Balance for such Payment Date and (b) for the related Final Stated Maturity Date, will equal the aggregate Note Balance of such Class.