Lockout Distribution Amount definition
Lockout Distribution Amount. With respect to any Payment Date, the product of (a) the Class A-5 Lockout Percentage for such Payment Date and (b) the Class A-5 Pro Rata Distribution Amount for such Payment Date. In no event shall the Class A-5 Lockout Distribution Amount for a Payment Date exceed the Principal Collection Distribution Amount or the Note Balance of the Class A-5 Notes immediately prior to such Payment Date.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Lockout Distribution Percentage for the related Distribution Date, (ii) the Lockout Certificate Percentage for that Distribution Date and (iii) any amounts in respect of principal allocated to the Group III Certificates; provided, however, the Lockout Distribution Amount will not exceed the outstanding Certificate Principal Balance of the Class III-A-6 Certificates.
Lockout Distribution Amount. For any Distribution Date and the Class 2-A3 Certificates, an amount equal to the related Lockout Percentage of such Certificates’ pro rata share (based on the Certificate Principal Balance of the Class 2-A3 Certificates as a proportion of the aggregate Certificate Principal Balance of all the Group 2 Class A Certificates) of the Senior Principal Distribution Amount for the Group 2 Class A Certificates.
Examples of Lockout Distribution Amount in a sentence
With respect to the Class A Certificates, all principal distributions will be distributed first, to the Class A-5 Certificates up to the Lockout Distribution Amount for such Distribution Date and then, sequentially, to the Class A-1 Certificates, the Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and the Class A-5 Certificates, in that order, until the Certificate Principal Balance of each such Class has been reduced to zero.
Distributions of principal will be allocated to the Group II-F Certificates in the following order of priority: (i) to the Class AII-F-4 Certificates, in an amount equal to the Class AII-F-4 Lockout Distribution Amount for that Distribution Date and then (ii) sequentially to the Class AII-F-1, Class AII-F-2, Class AII-F-3 and Class AII-F-4 Certificates, in that order, until their respective Class Principal Amounts have been reduced to zero.
More Definitions of Lockout Distribution Amount
Lockout Distribution Amount. With respect to any Distribution Date, the least of (i) the product of (a) the Lockout Percentage for that Distribution Date and (b) the Class II-AN Pro Rata Distribution Amount for such Distribution Date, (ii) the Class II-A Principal Distribution Amount, and (iii) the Certificate Principal Balance of the Class II-AN Certificates for such Distribution Date.
Lockout Distribution Amount. For any Distribution Date shall be the Class A-5 Lockout Distribution Percentage for that Distribution Date multiplied by the product of (x) a fraction, the numerator of which is the Certificate Principal Balance of the Class A-5 Certificates and the denominator of which is the aggregate Certificate Principal Balance of all of the Senior Certificates, in each case immediately prior to such Distribution Date and (y) the Senior Principal Distribution Amount for such Distribution Date.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Lockout Calculation Percentage for that Distribution Date, (ii) the Lockout Percentage for that Distribution Date and (iii) the Class 1A Principal Distribution Amount for that Distribution Date. In no event shall the Lockout Distribution Amount exceed the lesser of the aggregate outstanding Class Certificate Balance of the Class 1AF6, Class 1AF7A and Class 1AF7B Certificates or the Class 1A Principal Distribution Amount for the applicable Distribution Date.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Class AF-5A and Class AF-5B Calculation Percentage for that Distribution Date, (ii) the Class AF-5A and Class AF-5B Lockout Percentage for that Distribution Date and (iii) the Class A Principal Distribution Amount for that Distribution Date. In no event shall the Class AF-5A and Class AF-5B Lockout Distribution Amount exceed the lesser of the aggregate outstanding Class Certificate Balance of the Class AF-5A and Class AF-5B Certificates or the Class A Principal Distribution Amount for the applicable Distribution Date. Class AF-5A and Class AF-5B Lockout Percentage. For any Distribution Date, the following: Distribution Date Class AF-5A and (Months) Class AF-5B Lockout Percentage 1 to 36 0% 37 to 60 45% 61 to 72 80% 73 to 84 100% 85 and thereafter 300%
Lockout Distribution Amount. As to any Distribution Date, the product of (i) the Class A-4 Lockout Percentage for such Distribution Date and (ii) the Class A-4 Lockout Pro Rata Distribution Amount for such Distribution Date.
Lockout Distribution Amount. For any monthly payment date, the product of (x) the Class A-5 Lockout Percentage for that monthly payment date and (y) the Class A-5 Pro Rata Distribution Amount for that monthly payment date.
Lockout Distribution Amount. The Class A-6 Certificates is allocated principal pari passu with the Class A Certificate that is currently entitled to receive a principal payment in a ratio equal to the product of a) the outstanding balance of the Class A-6 Certificates divided by the outstanding principal balance of all of the Class A Certificates and b) a specified percentage, namely: the lockout percentage (see below).