Group 2 Principal Distribution Amount. With respect to any Distribution Date is the sum of (i) the Group 2 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Overcollateralization Increase Amount for such Distribution Date and (b) the Group 2 Percentage.
Group 2 Principal Distribution Amount. With respect to each Distribution Date, the product of (i) the Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 2 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 2 Principal Distribution Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred or is not continuing with respect to such Distribution Date, will be the lesser of (a) the greater of (x) the Senior Principal Distribution Amount multiplied by the Group 2 Principal Distribution Percentage and (y) the amount by which the aggregate Class Principal Balance of the Group 2 Certificates exceeds the Stated Principal Balances of the Group 2 Mortgage Loans as of the last day of the related Prepayment 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 Class Principal Balance of the Group 2 Certificates; provided, however, that with respect to any such Distribution Date on which the aggregate Class Principal Balance of the Group 1 Certificates is reduced to zero, the Group 1 Principal Distribution Percentage of the Senior Principal Distribution Amount available for distribution to the Senior Certificates in excess of the amount necessary to reduce the aggregate Class Principal Balance of the Group 1 Certificates to zero will be applied to increase the Group 2 Principal Distribution Amount (so long as any Class of Group 2 Certificates is outstanding).
Examples of Group 2 Principal Distribution Amount in a sentence
SECURITY GROUP 2The Group 2 Principal Distribution Amount will be allocated to FA, until retired.
SECURITY GROUP 2The Group 2 Principal Distribution Amount will be allocated in the following order of priority:1.
SECURITY GROUP 2The Group 2 Principal Distribution Amount will be allocated, concurrently, as follows:1.
SECURITY GROUP 2 • The Group 2 Principal Distribution Amount will be allocated, concurrently, as follows:1.
To LC, until retired SECURITY GROUP 2The Group 2 Principal Distribution Amount will be allocated concurrently, to BA and FK, pro rata, until retiredScheduled Principal Balances: The Aggregate Scheduled Principal Balances for the Classes listed below are included in Schedule II to this Supplement.
More Definitions of Group 2 Principal Distribution Amount
Group 2 Principal Distribution Amount. For any Payment Date and the Group 2 Loans, the sum of (a) the related Basic Principal Distribution Amount, (b) the amount of related and non-related Net Monthly Excess Cashflow used to cover related Realized Losses, Undercollateralized Amounts and Subordinated Realized Loss Transfer Amounts as provided in Section 3.05(d) and Section 3.05(h) of the Indenture and (c) the related Overcollateralization Increase Amount.
Group 2 Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 2 Principal Shortfall for such Distribution Date, (b) the Scheduled Principal Distribution Amount for the BP Freely Prepayable Note in Asset Group 2 for such Distribution Date and (c) the Unscheduled Principal Distribution Amount for the BP Freely Prepayable Note in Asset Group 2 for such Distribution Date; provided that the Group 2 Principal Distribution Amount for any Distribution Date will be reduced, to not less than zero, by the amount of any reimbursements of (i) Nonrecoverable Advances, with interest on such Nonrecoverable Advances at the Reimbursement Rate, that are paid or reimbursed from principal collections on the BP Freely Prepayable Note in Asset Group 2 in a period during which such principal collections would have otherwise been included in the Group 2 Principal Distribution Amount for such Distribution Date, (ii) Workout-Delayed Reimbursement Amounts paid or reimbursed from principal collections on the BP Freely Prepayable Note in Asset Group 2in a period during which such principal collections would have otherwise been included in the Group 2 Principal Distribution Amount for such Distribution Date and (iii) following the reimbursements described in clauses (i) and (ii), the excess, if any of (A) the total amount of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts, plus interest on such Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts, that would have been paid or reimbursed from principal collections on the Group 1 Assets as described in clauses (i) and (ii) of the definition of “Group 1 Principal Distribution Amount” had the aggregate amount available for distribution of principal with respect to Asset Group 1 been sufficient to make such reimbursements in full, over (B) the aggregate amount available for distribution of principal with respect to Asset Group 1 for that Distribution Date; provided, further, in the case of clauses (i), (ii) and (iii) above, if any of the amounts that were reimbursed from principal collections on the BP Freely Prepayable Note in Asset Group 2 are subsequently recovered on the BP Freely Prepayable Note, such recovery will be applied to increase the Group 2 Principal Distribution Amount for the Distribution Date related to the period in which such recovery occurs).
Group 2 Principal Distribution Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred or is not continuing with respect to such Distribution Date, will be the lesser of (a) the Senior Principal Distribution Amount multiplied by the Group 2 Principal Distribution Percentage and (b) the aggregate Class Principal Balance of the Group 2 Certificates; provided, however, that with respect to any such Distribution Date on which the aggregate Class Principal Balance of the Group 1 Certificates is reduced to zero, the Group 1 Principal Distribution Percentage of the Senior Principal Distribution Amount available for distribution to the Senior Certificates in excess of the amount necessary to reduce the aggregate Class Principal Balance of the Group 1 Certificates to zero will be applied to increase the Group 2 Principal Distribution Amount (so long as any Class of Group 2 Certificates is outstanding).
Group 2 Principal Distribution Amount. As to any Distribution Date, the distribution of principal made on the concurrent Security Distribution Due Date in respect of the Class 1994-19- S REMIC Certificate held in the Lower Tier REMIC and identified in the Xxxxxx Xxx Security Schedule.
Group 2 Principal Distribution Amount. As to any Distribution Date, the aggregate distributions of principal to be made on the Related Security Distribution Due Date in respect of the Group 2 Xxxxxx Xxx Securities.
Group 2 Principal Distribution Amount. For any Distribution Date, the Group 2 Basic Principal Distribution Amount plus the Group 2 Extra Principal Distribution Amount.
Group 2 Principal Distribution Amount. With respect to each Distribution Date, the sum of (i) the Group 2 Principal Funds for such Distribution Date and (ii) for the April 2001 Distribution Date, any amounts remaining in the Pre-Funding Account after the end of the Funding Period that were allocated to purchase Subsequent Mortgage Loans to be included in the Loan Group of Group 2 Mortgage Loans (net of any investment income therefrom).