Group I Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.
Group I Senior Principal Distribution Amount. The excess of (x) the Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 60.70% and (ii) the aggregate Stated Principal Balance of the Group I 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 I 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 the related Overcollateralization Floor.
Group I Senior Principal Distribution Amount. For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I (exclusive of the portion thereof attributable to principal distributions to the Class I-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 I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I (exclusive of the portion thereof attributable to principal distributions to the Class I-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 I Senior Liquidation Amount.
Examples of Group I Senior Principal Distribution Amount in a sentence
Distribution of Principal (Groups I and II): On each distribution date, an amount up to the Group I Senior Principal Distribution Amount for that distribution date, will be distributed as principal, sequentially, as follows: 1.
Distribution of Principal (Groups I, II, III, IV and V): On each distribution date, an amount up to the Group I Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class AR and Class I-A-1 Certificates, sequentially, in that order, until the Class Principal Balance of such class has been reduced to zero.
Distribution of Principal (Groups I and II): On each distribution date, an amount up to the Group I Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class AR and Class I-A-1 Certificates, sequentially, in that order, until the Class Principal Balance of such class has been reduced to zero.
Distribution of Principal (Groups I, II and III): On each distribution date, an amount up to the Group I Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class AR and Class I-A-1 Certificates, sequentially, in that order, until the Class Principal Balance of such class has been reduced to zero.
Distribution of Principal (Groups I, II, III and IV): On each distribution date, an amount up to the Group I Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class AR and Class I-A-1 Certificates, sequentially, in that order, until the Class Principal Balance of such class has been reduced to zero.
More Definitions of Group I Senior Principal Distribution Amount
Group I Senior Principal Distribution Amount. The excess of (x) the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) [____]% and (ii) the aggregate Stated Principal Balance of the Group I 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 excess of the aggregate Stated Principal Balance of the Group I 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) over $[__________].
Group I Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Group I Available Funds remaining after the distribution of all amounts required to be distributed pursuant to subclause first and second of Section 6.01(A) and (b) the sum of the following:
Group I Senior Principal Distribution Amount. With respect to any Distribution Date, the amount equal to the lesser of (I) the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date and (II) the excess of (x) the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 53.20% and (ii) the aggregate Stated Principal Balance of the Group I 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 I 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 0.50% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date.
Group I Senior Principal Distribution Amount. With respect to each Distribution Date is equal to 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 I for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for each Loan Group for that Distribution Date.
Group I Senior Principal Distribution Amount. The excess of (x) the Certificate Principal Balance of the Class I-A1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 61.90% (or 60.30% if an Overcollateralization Step Up Event exists on such Distribution Date) and (ii) the aggregate Stated Principal Balance of the Group I 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 I 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 the related Overcollateralization Floor.
Group I Senior Principal Distribution Amount. With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the amount equal to the lesser of (I) the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date and (II) the excess of (x) the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 67.00% and (ii) the aggregate Stated Principal Balance of the Group I 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 I 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 $14,490,982.85.
Group I Senior Principal Distribution Amount. As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group I remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(W) of this Series Supplement, and (b) the sum of the amounts required to be distributed therefrom to the Group I Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii) and Section 4.02(a)(xvi). Group I Subordinate Component: On any date of determination, the excess of the aggregate Stated Principal Balance of the Group I Loans as of such date over the aggregate Certificate Principal Balance of the Group I Certificates then outstanding.