Group 2 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 and (c) the Group 2 Senior Liquidation Amount.
Group 2 Senior Principal Distribution Amount with respect to any Distribution Date, is an amount equal to the Class A Principal Distribution Amount multiplied by the Group 2 Percentage.
Group 2 Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(b)(i) and (II)(b)(i) of the definition of “REMIC II Distribution Amount”), (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 (exclusive of the portion thereof attributable to principal distributions to the Class C-P-L Regular Interest pursuant to clauses (I)(b)(i) and (II)(b)(i) of the definition of “REMIC II Distribution Amount”) and (c) the Group 2 Senior Liquidation Amount.
Examples of Group 2 Senior Principal Distribution Amount in a sentence
GROUP 2 SENIOR PRINCIPAL The Group 2 Senior Principal Distribution Amount ("Group 2 Senior PDA") equals DISTRIBUTION AMOUNT: the lesser of (i) the Senior PDA multiplied by the Group 2 Principal Percentage and (ii) the aggregate principal balance of the Class A-1A Certificates as of the immediately prior Distribution Date.
Group 2 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 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.
The Group 2 Senior Principal Distribution Amount will generally be allocated to the Group 2-A Certificates pro-rata until their class balances have been reduced to zero.
The ‘‘Related Senior Deficiency Amount’’ for the Group 2 Certificates will be equal to the excess, if any, of (a) the Group 2 Senior Principal Distribution Amount for such Distribution Date over (b) any principal paid to the Group 2 Certificates on such Distribution Date under ‘‘—Distributions of Principal—Principal Payment Priorities’’ above.
More Definitions of Group 2 Senior Principal Distribution Amount
Group 2 Senior Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount for Loan Group 2 remaining after the distribution of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(II), and (b) the sum of the amounts required to be distributed therefrom to the holders of the Class 2-A Certificates on such Distribution Date pursuant to Section 4.02(a)(ii) hereof.
Group 2 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 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 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 2 Principal Distribution Target Amount for Loan Group 2 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 2 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-2 Certificates immediately prior to such Distribution Date and (b) the Group 2 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-2 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 2 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 2 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 2 Mortgage Loans on the Cut-off Date.
Group 2 Senior Principal Distribution Amount. An amount equal to the excess of (x) the aggregate Certificate Balance of the Class 2-A 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 2 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 2 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 $6,136,207.22. Group 2 Senior Yield Maintenance Agreement: The yield maintenance agreement related to the Group 2 Senior Certificates, dated as of [ , 200___], between the Trustee, on behalf of the Issuing Entity, and the Counterparty.
Group 2 Senior Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2, and (iii) the Group 2 Senior Liquidation Amount. Group 2 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage. Group 3: With respect to the Mortgage Loans, the pool of adjustable rate Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Group 3 or with respect to the Certificates, the Group 3 Certificates (as specified in the Preliminary Statement).
Group 2 Senior Principal Distribution Amount. With respect to each Distribution Date, the aggregate of the Subgroup 2-1 Senior Principal Distribution Amount and the Subgroup 2-2 Senior Principal Distribution Amount.