For Pool 2 definition

For Pool 2. The Principal Distribution Amount for Pool 2 will be distributed in the following order of priority: (1) for deposit into the Swap Account, an amount equal to the lesser of (x) the product of (A) the amount of any Net Swap Payment or Swap Termination Payment (not due to a Swap Counterparty Trigger Event) owed to the Swap Counterparty on the related Swap Payment Date (to the extent not paid previously or from the Interest Remittance Amount for such Distribution Date) and (B) the Pool Percentage for Pool 2 for such Distribution Date and (y) the Principal Remittance Amount for Pool 2 for such Distribution Date; (2) for deposit into the Swap Account, the amount of any Net Swap Payment or Swap Termination Payment (not due to a Swap Counterparty Trigger Event) owed to the Swap Counterparty on the related Swap Payment Date (after giving effect to distributions made pursuant to subsections 5.02(e)(i)(A)(1) and 5.02(e)(i)(B)(1) above, and to the extent not paid previously or from the Interest Remittance Amount for such Distribution Date); (3) sequentially, to the Class A2, Class A3, Class A4 and Class A5 Certificates, in that order, until the Class Principal Amount of each such Class has been reduced to zero; and (4) for application pursuant to subsection 5.02(e)(ii) below, any such Principal Distribution Amount for Pool 2 remaining undistributed for such Distribution Date.

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For Pool 2. Until the aggregate Class Principal Balances of the Group 1 Certificates and the LIBOR Certificates equals the Aggregate Pool Balance for such Distribution Date minus the Targeted Overcollateralization Amount for such Distribution Date, in the following order of priority: (1) to the Class 2-A1, Class 2-A2 and Class 2-A3 Certificates, sequentially in that order, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (2) to the Group 1 Certificates, in accordance with the Senior Priority for Group 1, until the Class Principal Balance of each Class of Group 1 Certificates has been reduced to zero; (3) to the Class 1-A5 Insurer any remaining Class 1-A5 Premium and any remaining Reimbursement Amount for such Distribution Date, in each case, to the extent not paid pursuant to Section 6.05(b)(ii) and (iii) hereof; (4) to the Class M-1 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; (5) to the Class M-2 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; (6) to the Class M-3 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; (7) to the Class M-4 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; (8) to the Class B-1 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; (9) to the Class B-2 Certificates, in reduction of their Class Principal Balance, until the Class Principal Balance of such Class has been reduced to zero; and (10) any remaining amount, for application as part of Excess Cashflow pursuant to Section 6.05(e); and

For Pool 2. The Principal Payment Amount for Pool 2 will be paid in the following order of priority: (A) to the Class 2A1 Notes, until the Class Principal Amount of such class has been reduced to zero; (B) pro rata, to the Class 1A1 Notes and Class 1A2 Notes, on the basis of their respective Class Principal Amounts, after giving effect to payments pursuant to subsection 6.02(e)(i)(1)(A), until the respective Class Principal Amount of such classes has been reduced to zero; provided, however, if a Pool 1 Sequential Trigger Event (as defined herein) is in effect, then sequentially, to the Class 1A1 and Class 1A2 Notes, in that order, until the Class Principal Amount of each such class has been reduced to zero; (C) to the Class M1 Notes, until the Class Principal Amount of such class has been reduced to zero; (D) to the Class M2 Notes, until the Class Principal Amount of such class has been reduced to zero; (E) to the Class M3 Notes, until the Class Principal Amount of such class has been reduced to zero; (F) to the Class M4 Notes, until the Class Principal Amount of such class has been reduced to zero; (G) to the Class M5 Notes, until the Class Principal Amount of such class has been reduced to zero; (H) to the Class M6 Notes, until the Class Principal Amount of such class has been reduced to zero; (I) to the Class M7 Notes, until the Class Principal Amount of such class has been reduced to zero; (J) to the Class M8 Notes, until the Class Principal Amount of such class has been reduced to zero; (K) to the Class M9 Notes, until the Class Principal Amount of such class has been reduced to zero; (L) pro rata, to the Class B1A and Class B1F Notes, on the basis of their respective Class Principal Amounts, based on their respective Class Principal Amounts, until the Class Principal Amount of each such class has been reduced to zero; (M) to the Class B2 Notes, until the Class Principal Amount of such class has been reduced to zero; (N) to the Class B3 Notes, until the Class Principal Amount of such class has been reduced to zero; and (O) for application as part of Monthly Excess Cashflow for such Payment Date, as provided for in subsection (f) of this Section, any such Principal Payment Amount for Pool 2 remaining after application pursuant to clauses (A) through (N) above.

Examples of For Pool 2 in a sentence

For Pool 2 with respect to any Distribution Date a fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1 and Pool 2 for such date.

More Definitions of For Pool 2

For Pool 2. Until the aggregate Certificate Principal Amount of all of the Class A1, Class A2, Class M1, Class M2 and Class B Certificates equals the Target Amount for such Distribution Date, the Principal Distribution Amount for Pool 2 will be distributed in the following order of priority:

For Pool 2 the Principal Distribution Amount for Pool 2 will be distributed in the following order of priority: (1) concurrently, to the Class 2-A1 and Class 2-A2 Certificates, pro rata, in each case in proportion to their Class Principal Amounts, until the Class Principal Amount of each such Class has been reduced to zero; (2) to the Group 1 Certificates, after giving effect to distributions pursuant to subsections 5.02(d)(i)(A)(1) through (5) above, in accordance with the Pool 1 Senior Priority, until the Class Principal Amount of each such Class has been reduced to zero; (3) to the Class M1 Certificates, until the Class Principal Amount of such Class has been reduced to zero; (4) to the Class M2 Certificates, until the Class Principal Amount of such Class has been reduced to zero; (5) to the Class M3 Certificates, until the Class Principal Amount of such Class has been reduced to zero; (6) for application as part of Pool 2 Monthly Excess Cashflow for such Distribution Date, as provided in subsection (e) of this Section, any Principal Distribution Amount for Pool 2 remaining after application pursuant to clauses (1) through (5) above.

For Pool 2. The Principal Distribution Amount for Pool 2 will be distributed in the following order of priority: (1) for deposit into the Supplemental Interest Trust Account, an amount equal to the lesser of (x) the product of (A) the amount of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty on the related Swap Payment Date (to the extent not paid from the Interest Remittance Amount) and (B) the Pool Percentage for Pool 2 for such Distribution Date and (y) the Principal Remittance Amount for Pool 2 for such Distribution Date; (2) for deposit into the Supplemental Interest Trust Account, the amount of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (after giving effect to distributions made pursuant to subsections 5.02(e)(i)(A)(1) and 5.02(e)(i)(B)(1) above, and to the extent not paid from the Interest Remittance Amount from each Mortgage Pool for such Distribution Date); (3) to the Class A3, Class A4 and Class A5 Certificates, sequentially, in that order, until the Class Principal Amount of each such Class has been reduced to zero; and (4) for application as part of clause (C) below, any Principal Distribution Amount for Pool 2 remaining after application pursuant to clauses (1) through (3) of this Section 5.02(e)(i)(B).

For Pool 2. The Principal Distribution Amount for Pool 2 shall be distributed in the following order of priority: (1) (a) for deposit into the Supplemental Interest Trust Account, the Group 2 Swap Percentage of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (to the extent not deposited previously from the Interest Remittance Amount in accordance with clauses (b)(B)(i) and (ii) above);

For Pool 2. The Principal Payment Amount for Pool 2 will be paid in the following order of priority: (A) pro rata, to the Class 2A1 and Class 2A2 Notes, on the basis of their respective Class Principal Amounts, until the respective Class Principal Amount of each such class has been reduced to zero; provided, however, that if a Pool 2 Sequential Trigger Event is in effect, then sequentially, to the Class 2A1 and Class 2A2 Notes, in that order, until the Class Principal Amount of each such class has been reduced to zero; (B) sequentially, to the Class 1A1, Class 1A2 and Class 1A3 Notes, in that order, after giving effect to payments made pursuant to subsection 6.02(e)(i)(1)(A), until the Class Principal Amount of each such class has been reduced to zero; (C) to the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9, Class B1, Class B2 and Class B3 Notes, in accordance with the Subordinate Priority, until the Class Principal Amount of each such class has been reduced to zero; and (D) for application as part of Monthly Excess Cashflow for such Payment Date, as provided for in subsection (f) of this Section, any such Principal Payment Amount for Pool 2 remaining after application pursuant to clauses (A) through (C) above.

For Pool 2. Until the aggregate Certificate Principal Amount of the Class 1-A1, Class 1-A2, Class 2-A, Class 3-A1, Class 3-A2, Class 3-A3, Class M1, Class M2, Class M3, Class M4, Class M5 and Class B Certificates equals the Target Amount for such Distribution Date, the Principal Distribution Amount for Pool 2 will be distributed in the following order of priority: (1) to the Class 2-A Certificates, until the Class Principal Amount of such Class has been reduced to zero; (2) to the Class 1-A1, Class 1-A2, Class 3-A1, Class 3-A2 and Class 3-A3 Certificates, in proportion to the aggregate Class Principal Amount of the Class A Certificates related to each Mortgage Pool, after giving effect to distributions pursuant to subsections 5.02(e)(i)(A)(1) and 5.02(e)(i)(A)(2) above and 5.02(e)(i)(C)(1), 5.02(e)(i)(C)(2) and 5.02(e)(i)(C)(3) below, concurrently as follows:

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