Group II Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (i) the excess, if any, of the Group II Overcollateralization Target Amount for such Distribution Date over the Group II Overcollateralization Amount for such Distribution Date (after giving effect to distributions of principal on the Certificates other than any Group II Extra Principal Distribution Amount) and (ii) the related Excess Spread for such Distribution Date.
Group II Extra Principal Distribution Amount. As of any Payment Date, the lesser of (x) the Group II Monthly Excess Interest Amount for such Payment Date and (y) the Group II Overcollateralization Deficiency for such Payment Date.
Group II Extra Principal Distribution Amount. With respect to any Distribution Date, an amount equal to (i) prior to the Group II Stepdown Date, the excess of (A) the sum of (I) the Group II Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) exclusive of the Class C Group II Certificate Principal Balance and (II) $3,250,000 over (B) the Stated Principal Balance of the Group II Mortgage Loans as of such Distribution Date and (ii) on and after the Group II Stepdown Date, (A) the sum of (I) the Group II Certificate Principal Balance, exclusive of the Class C Group II Certificate Principal Balance and (II) the greater of (x) 1.00% of the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period and (y) $3,250,000 less (B) the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period; provided, however, that if on any Distribution Date, a Group II Trigger Event is in effect, the Group II Extra Principal Distribution Amount will not be reduced to the percentage of the then current Stated Principal Balance of the Group II Mortgage Loans (and will remain fixed at such percentage of the then current Stated Principal Balance of the Group II Mortgage Loans as of the Due Date immediately prior to the occurrence of the Group II Trigger Event) until the next Distribution Date on which a Group II Trigger Event is not in effect.
Examples of Group II Extra Principal Distribution Amount in a sentence
GROUP II EXTRA PRINCIPAL DISTRIBUTION AMOUNT: The "Group II Extra Principal Distribution Amount," with respect to each Payment Date, is the lesser of: (1) The excess, if any, of: a.
More Definitions of Group II Extra Principal Distribution Amount
Group II Extra Principal Distribution Amount. With respect to any Distribution Date, an amount equal to (i) prior to the Group II Stepdown Date, the excess of (A) the sum of (I) the Group II Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) and (II) $_________ over (B) the Stated Principal Balance of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date and (ii) on and after the Group II Stepdown Date, (A) the sum of (I) the Group II Certificate Principal Balance and (II) the greater of (x) ____% of the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period and (y) $_________ less (B) the Stated Principal Balance of the Group II Mortgage Loans as of the end of the immediately preceding Due Period; provided, however, that if on any Distribution Date, a Group II Trigger Event is in effect, the Group II Extra Principal Distribution Amount will not be reduced to the percentage of the then current Stated Principal Balance of the Group II Mortgage Loans (and will remain fixed at such percentage of the then current Stated Principal Balance of the Group II Mortgage Loans as of the Due Date immediately prior to the occurrence of the Group II Trigger Event) until the next Distribution Date on which a Group II Trigger Event is not in effect. Notwithstanding the foregoing, the Group II Extra Principal Distribution Amount will equal zero with respect to each Distribution Date up to and including the Distribution Date in [Month/Year].
Group II Extra Principal Distribution Amount. For any Distribution Date, is the lesser of (x) the Group II Monthly Excess Cashflow for such Distribution Date and (y) the Group II Overcollateralization Deficiency for such Distribution Date.
Group II Extra Principal Distribution Amount. With respect to any Distribution Date, the lesser of (x) the Group II Interest Funds available pursuant to Section 3.03(b)(v) hereof, and
Group II Extra Principal Distribution Amount. With respect to the Group II Certificates and any Distribution Date, the lesser of (x) the Group II General Excess Available Amount for such Distribution Date and (y) the related OC Deficiency Amount for such Distribution Date.
Group II Extra Principal Distribution Amount respect to any Distribution Date, to the extent of Group With respect to any Distribution Date, to the extent of I Interest Funds pursuant to Section 3.02(a)(v) and Group Group II Interest Funds pursuant to Section 3.02(b)(v) II Interest Funds available for the purpose pursuant to and Group I Interest Funds available for the purpose Section 3.02(f)(v) hereof, an amount equal to the excess pursuant to Section 3.02(e)(v) hereof, an amount equal of (i) all Realized Losses with respect to Group I to the excess of (i) all Realizes Losses with respect (including any such losses for such date) over (ii) all to Group II (including any such losses for such date) Extra Principal Distribution Amounts for Group I on the over (ii) all Extra Principal Distribution Amounts for preceding Due Date. Group II on the preceding Due Date.
Group II Extra Principal Distribution Amount. To the extent of Group II Interest Funds pursuant to Section 3.03(b)(v) and Group I Interest Funds available for the purpose pursuant to Section 3.03(e)(viii) hereof, an amount equal to the lesser of (x) excess interest pursuant to Section 3.03(f) and (y) with respect to any Distribution Date, the excess of:
Group II Extra Principal Distribution Amount. With respect to the Group II Certificates and any Distribution Date, the Extra Principal Distribution Amount multiplied by a fraction, the numerator of which is the Principal Remittance Amount for the Group II Mortgage Loans and the denominator of which is the Principal Remittance Amount for both Loan Groups for such Distribution Date.