Examples of Group 1 Senior Principal Distribution Amount in a sentence

Group 1 Senior Principal Distribution Amount: With respect to each Distribution Date, the product of (i) the Senior Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 1 for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for all of the Loan Groups for that Distribution Date.
Lehman Brothers Mortgage Backed Securities -------------------------------------------------------------------------------- Preliminary Summary of Terms -------------------------------------------------------------------------------- Principal: Principal will be allocated to the certificates according to the Priority of Distributions: The Group 1 Senior Principal Distribution Amount will generally be allocated to the Group 1-A Certificates pro-rata until their class balances have been reduced to zero.
Working through the written evidence submitted, and listening to the views expressed during our visits and meetings, a number of key themes consistently emerged.

More Definitions of Group 1 Senior Principal Distribution Amount

Group 1 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(a)(i) and (II)(a)(i) of the definition of “REMIC II Distribution Amount”), (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(a)(i) and (II)(a)(i) of the definition of “REMIC II Distribution Amount”) and (c) the Group 1 Senior Liquidation Amount.

Group 1 Senior Principal Distribution Amount. With respect to each Distribution Date, the product of (i) the Senior Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 1 for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for all of the Loan Groups for that Distribution Date.

Group 1 Senior Principal Distribution Amount. For any Distribution Date, the product of (x) the Senior Principal Distribution Target Amount and (y) a fraction, the numerator of which is the Group 1 Principal Distribution Target Amount for Loan Group 1 and the denominator of which is the sum of the Group 1 Principal Distribution Target Amount and the Group 2 Principal Distribution Target Amount.

Group 1 Senior Principal Distribution Amount. An amount equal to the excess of (x) the aggregate Certificate Balance of the Class 1-A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 50.40% and (ii) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Due Period (after giving effect to Scheduled Payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) minus $4,843,802.26.

Group 1 Senior Principal Distribution Amount. With respect to any Distribution Date, (i) before the Stepdown Date or as to which a Trigger Event is in effect, the lesser of (a) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date and (b) the Group 1 Principal Percentage of the Principal Distribution Amount and (ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect, the excess of (a) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (b) the lesser of (x) the product of (1) 71.00% and (2) the aggregate Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Collection Period and (y) the amount by which the aggregate Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Collection Period exceeds the product of (1) 0.50% and (2) the aggregate Principal Balance of the Group 1 Mortgage Loans on the Cut-off Date.

Group 1 Senior Principal Distribution Amount. With respect to any Distribution Date, (i) before the Stepdown Date or as to which a Trigger Event is in effect, the lesser of (a) the aggregate Certificate Principal Balance of the Class A-1 and Class A-1A Certificates immediately prior to such Distribution Date and (b) the Group 1 Principal Percentage of the Principal Distribution Amount and (ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect, the excess of (a) the aggregate Certificate Principal Balance of the Class A-1 and Class A-1A Certificates immediately prior to such Distribution Date over (b) the lesser of (x) the product of (1) 68.00% and (2) the aggregate Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Collection Period and (y) the amount by which the aggregate Principal Balance of the Group 1 Mortgage Loans as of the last day of the related Collection Period exceeds the product of (1) 0.50% and (2) the aggregate Principal Balance of the Group 1 Mortgage Loans on the Cut-off Date.