Class X Distributable Amount. On any Distribution Date, (i) as a distribution in respect of interest, the amount of interest that has accrued on the Class X Interest and not applied as an Extra Principal Distribution Amount on such Distribution Date, plus any such accrued interest remaining undistributed from prior Distribution Dates, plus, without duplication, (ii) as a distribution in respect of principal, any portion of the principal balance of the Class X Interest which is distributable as an Overcollateralization Reduction Amount, minus (iii) any amounts paid as a Basis Risk Payment.

Class X Distributable Amount. On any Distribution Date, the amount of interest that has accrued on the notional balance of the Class X Certificates as described in the Preliminary Statement, but that has not been distributed prior to such date. In addition, such amount shall include the Class X Principal Amount to the extent such amount has not been distributed on an earlier Distribution Date as part of the Aggregate Overcollateralization Release Amount.

Class X Distributable Amount. With respect to any Distribution Date, the excess of (i) the sum of (a) the interest accrued during the related Accrual Period on the Class LT2-X notional amount at the Pass-Through Rate for the Class LT2-X Interest, as described in the Preliminary Statement, and (b) the sum of (x) any Overcollateralization Release Amount and (y) the excess of (I) amounts so accrued in all prior Accrual Periods over (II) amounts distributed with respect to the Class X Certificate pursuant to Section 4.02(e)(x) on prior Distribution Dates, over (ii) all amounts distributed pursuant to Section 4.02(e)(i) through 4.02(e)(ix) on such Distribution Date.

## Examples of *Class X Distributable Amount* in a sentence

Basis Risk Payment: For any Distribution Date, an amount equal to the lesser of (i) the aggregate of the Basis Risk CarryForward Amounts for such Distribution Date and (ii) the

**Class X Distributable Amount**(prior to any reduction for (x) amounts paid from the Excess Reserve Fund Account to pay any Basis Risk CarryForward Amount or (y) any Defaulted Swap Termination Payment).The Issuer, a Delaware business trust, for value received, hereby promises to pay to [____________] or registered assigns, the

**Class X Distributable Amount**on each Payment Date, as determined in accordance with the Indenture.

## More Definitions of *Class X Distributable Amount*

Class X Distributable Amount. With respect to any Distribution Date, the excess of (i) the aggregate of amounts distributable on the Class X/N Interest for such Distribution Date, over (ii) the aggregate of amounts distributable to the Class N Certificates pursuant to Section 4.02(b).

Class X Distributable Amount. With respect to any Distribution Date, the excess of (i) the sum of (a) the interest accrued during the related Accrual Period on the Class X Interest notional amount at the pass-through rate for the Class X Interest, as described in footnote (4) under the Master REMIC table in the Preliminary Statement, and (b) amounts so accrued in all prior Accrual Periods over (ii) the sum of (a) amounts distributed with respect to the Class X Certificates pursuant to Section 4.02(e)(xvii) on prior Distribution Dates (other than amounts distributed pursuant to Sections 4.06 or 4.07) and (b) any amounts deposited into the Basis Risk Reserve Fund pursuant to Section 4.02(e)(xv) on such Distribution Date or any prior Distribution Date.

Class X Distributable Amount. On any Distribution Date, the excess of (i) the sum of (x) $6,318,457.74 and (y) the aggregate Class X Current Interest for such Distribution Date and all prior Distribution Dates over (ii) the sum of (x) the aggregate Basis Risk Payment for such Distribution Date and all prior Distribution Dates and (y) all prior distributions to the Class X Certificate under Section 5.02(d)(v) hereof.

Class X Distributable Amount. The excess of (x) the sum of (i) the initial Overcollateralization Amount and (ii) all interest payments accrued on the REMIC 2 X Interest over (y) the sum of (i) all prior distributions to the Class X Certificates pursuant to Section 5.05(g) and (ii) all payments treated as distributed by REMIC 2 to the REMIC 2 X Interest then paid to the holders of Class A, Class M and Class B Certificates pursuant to an interest rate cap contract as described in Section 2.07(d).

Class X Distributable Amount. On any Distribution Date, the amount of interest that has accrued on the Class XF and Class XV Regular Interests but that has not been distributed on the Class X Certificates on prior Distribution Dates. Closing Date: November 21, 2000.

Class X Distributable Amount. With respect to any Distribution Date, (A) the sum of (i) the amount of interest that has accrued on the Class X Notional Balance, as described in the Preliminary Statement and (ii) $683.70 (such amount equal to the initial Overcollateralization Amount less $100 of such amount allocated to the Class P Certificates), minus (B) the sum of (i) amounts in clause (A)(i) or (A)(ii) distributed prior to such date and (ii) the sum of amounts distributed under Section 5.02(d)(xvi) on such Distribution Date and all prior Distribution Dates.

Class X Distributable Amount. On any Payment Date, an amount equal to the lesser of (i) the Class X Scheduled Payment and (ii) the excess of (A) the Available Interest Payment Amount for such Payment Date over (B) the sum of (1) the aggregate Accrued Bond Interest payable to the Class A-1, Class A-2, Class A-3, Class B, Class C, Class D, Class E, Class F and Class G Bonds on such Payment Date and (2) the Class S Distributable Amount and Class S Shortfall payable to the Class S Bonds on such Payment Date.