Formula Principal Distribution Amount definition

Formula Principal Distribution Amount means, as of any Remittance Date, the sum of:

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Formula Principal Distribution Amount means, for any Payment Date, the sum of:

Formula Principal Distribution Amount with respect to the Group I Certificates;

Examples of Formula Principal Distribution Amount in a sentence

• If the Formula Principal Distribution Amount allocable to the Class M Certificateholders on any Distribution Date pursuant to clause (iv) above exceeds the Class M Certificate Balance for any such Distribution Date, such excess will be distributed to the Class B-1 Certificateholders.

• If the Formula Principal Distribution Amount allocable to the Class B-1 Certificateholders on any Distribution Date pursuant to clause (vi) above exceeds the Class B-1 Certificate Balance for any such Distribution Date, such excess will be distributed to the Class B-2 Certificateholders.

• The Certificate Balance hereof will be reduced by this Certificate's Percentage Interest of distributions of the Class A Formula Principal Distribution Amount.

• The aggregate differential between the Cut-off Date Principal Balance of all such Unfunded Contracts as specified in the List of Contracts and the disbursed principal balance of such Unfunded Contracts as of the Funding Termination Date (the "Unfunded Contract Shortfall") shall be added to the Formula Principal Distribution Amount with respect to the Remittance Date in March 1998.

• If the percentage of the Formula Principal Distribution Amount allocable to the Class M Certificateholders on any Distribution Date pursuant to clause (iv) above exceeds the Class M Certificate Balance for any such Distribution Date, such excess will be distributed to the Class B-1 Certificateholders until the Class B-1 Certificate Balance is reduced to zero (and to the Class B-2 Certificateholders thereafter until the Class B-2 Certificate Balance is reduced to zero).

More Definitions of Formula Principal Distribution Amount

Formula Principal Distribution Amount. As to any Distribution Date, an ------------------------------------- amount equal to the sum of (a) the Total Regular Principal Amount for such Distribution Date and (b) any previously undistributed shortfalls in the distribution of the Total Regular Principal Amount in respect of prior Distribution Dates.

Formula Principal Distribution Amount. As to any Remittance Date, an amount equal to the sum of (a) all scheduled payments of principal due on each Outstanding Contract during the Due Period immediately preceding such Remittance Date, (b) the Scheduled Principal Balance of each Contract which, during the Due Period preceding the month of such Remittance Date, was purchased by Vanderbilt pursuant to Section 3.05 of this Agreement, (c) all Partial Prepayments received with respect to Contracts during such preceding Due Period, (d) the Scheduled Principal Balance of each Contract for which a Principal Prepayment in Full was received during such preceding Due Period, (e) the Scheduled Principal Balance of each Contract that became a Liquidated Contract during such Due Period and (f) any previously undistributed shortfalls in the distribution of the amounts in clauses (a) through (e) in respect of prior Remittance Dates (other than any such shortfall with respect to which a Guarantee Payment has been made to the Class B-2 Certificateholders).

Formula Principal Distribution Amount means, as of any Distribution Date (but subject to the last sentence of this definition), the sum of the following amounts with respect to the related Monthly Period, in each case computed in accordance with the method specified in the relevant Contract:

Formula Principal Distribution Amount. (a) Scheduled principal ________ (b) Principal Prepayments ________ (c) Liquidated Contracts ________ (d) Repurchases ________ (e) Plus principal received during the first 10 days of the next Due Period ________ (f) Minus principal received during the

Formula Principal Distribution Amount. As to any Remittance Date and each Group, an amount equal to the sum of (a) all scheduled payments of principal due on each Outstanding Contract in such Group during the Due Period immediately preceding the month in which such Remittance Date occurs, (b) all Partial Prepayments received with respect to Contracts in such Group during such Due Period, (c) the Scheduled Principal Balance of each Contract in such Group for which a Principal Prepayment in Full was received during such Due Period, (d) the Scheduled Principal Balance of each Contract in such Group that became a Liquidated Contract during such Due Period, (e) the Scheduled Principal Balance of each Contract in such Group that was purchased during such Due Period pursuant to Section 3.05 and (f) any previously undistributed shortfalls in the distribution of the amounts in clauses (a) through (e) in respect of such Group in respect of prior Remittance Dates (other than any such shortfall with respect to which a Guarantee Payment has been made to the Class I B-2 Certificateholders (in the case of the Group I Certificates) or the Class II B-3 Certificateholders (in the case of the Group II Certificates)).

Formula Principal Distribution Amount. As to any Distribution Date, an ------------------------------------- amount equal to the sum of:

Formula Principal Distribution Amount. (i) Class HE: A-1 _______ (ii) Class HE: A-2 _______ (iii) Class HE: A-3 _______ (iv) Class HE: A-4 _______ (v) Class HE: A-5 _______ (vi) Class HE: A-6 _______ 11.