LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date, the sum of (i) the Lockout Percentage of the Non-PO Class A Percentage of the applicable Non-PO Percentage of the principal portion of all Monthly Payments, whether or not received, which were due on the related Due Date on outstanding Mortgage Loans as of such Due Date, (ii) the Lockout Prepayment Percentage of the Non-PO Class A Percentage of the applicable Non-PO Percentage of (A) the principal portion of Principal Prepayments, (B) the sum of the principal portion of all Insurance Proceeds, condemnation awards and any other cash proceeds from a source other than the applicable Mortgagor, to the extent required to be deposited in the Collection Account pursuant to Section 5.08(iv) and (v), in each case received during the related Principal Prepayment Period, net of related unreimbursed Servicing Advances and net of any portion thereof which, as to any such Mortgage Loan, constitutes a Late Collection with respect to which an Advance has previously been made and (C) with respect to each Mortgage Loan repurchased during the related Principal Prepayment Period pursuant to Section 2.02, 3.01, 5.01, 5.21 or 11.01, an amount equal to the principal portion of the Purchase Price (net of amounts with respect to which a distribution of principal has previously been made to the Non-PO Class A Certificateholders) and (iii) with respect to any Distribution Date on or after the Distribution Date in June 2005, the Lockout Liquidation Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. (A) With respect to any Distribution Date through and including the Distribution Date in June 2006, zero and (B) with respect to any Distribution Date in or after July 2006, the lesser of (i) the sum of (x) the product of (I) the Lockout Percentage and (II) the Non-PO Scheduled Principal Amount and (y) the product of (I) the Lockout Percentage, (II) the Step Down Percentage and (III) the Non-PO Unscheduled Principal Amount and (ii) the Non-PO Class A Optimal Principal Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. (A) With respect to any Distribution Date through and including the Distribution Date in January 2007, zero and (B) with respect to any Distribution Date in or after February 2007, the lesser of (i) the sum of (x) the product of (I) the Lockout Percentage and (II) the amount which is referred to in clause (i) of the definition of Non-PO Class A Optimal Principal Amount and (y) the product of (I) the Lockout Percentage, (II) the Step Down Percentage and (III) the amount which is referred to in clause (ii) through (v) of the definition of Non-PO Class A Optimal Principal Amount and (ii) the Non-PO Class A Optimal Principal Amount.
More Definitions of LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date, will equal the product of (1) the Class A-5 and Class A-6 Lockout Percentage, (2) the aggregate amount of principal to be distributed to the Non-PO Class A Certificates (after taking into account any distributions made to the Class A-R Certificate on such Distribution Date) on such Distribution Date pursuant to Section 6.01 hereof and (3) the Lockout Shift Percentage.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date, the Lockout Percentage of the Step Down Percentage of the Non-PO Class A Optimal Principal Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. For any Distribution Date, an amount equal to the sum of (i) the Lockout Percentage of the Principal Payment Amount for Loan Group I (exclusive of the portion thereof attributable to principal distributions to the Component IA-1-4 of the Class IA-1 Certificates pursuant to clause (I)(a)(i) of the definition of "Certificate Distribution Amount" herein), (ii) the Lockout Prepayment Percentage of the Principal Prepayment Amount for Loan Group I (exclusive of the portion thereof attributable to principal distributions to Component IA-1-4 of the Class IA-1 Certificates pursuant to clause (I)(a)(i) of the definition of "Certificate Distribution Amount" herein), and (iii) the Lockout Liquidation Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. For any Distribution Date, the sum of (A) the aggregate of the Scheduled Distribution Percentage multiplied by each of the amounts referred to in clauses (i) and (ii) of the definition "Senior Optimal Principal Amount" related to the Group 3 Certificates; and (B) the Lockout Prepayment Distribution Percentage multiplied by the amount referred to in clause (iii) of the definition "Senior Optimal Principal Amount" related to the Group 3 Certificates; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Group 3 Mortgage Loan that is not a Liquidated Loan, the Lockout Principal Distribution Amount will be reduced on the related Distribution Date by the Lockout Scheduled Distribution Percentage multiplied by the Senior Percentage related to the Group 3 Certificates multiplied by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date, the sum of (i) the Adjusted Lockout Percentage of the amount which is referred to in clause (i) of (I) the definition of Non-PO Class A Optimal Principal Amount and (II) the definition of Subordinated Optimal Principal Amount and (ii) the Lockout Prepayment Percentage of the amounts which are referred to in clauses (ii) through (v) of (I) the definition of Non-PO Class A Optimal Principal Amount and (II) the definition of Subordinated Optimal Principal Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date, the sum of (I) the Lockout Percentage of the amount equal to the sum of (a) the amount with respect to Mortgage Components in Group Two which is referred to in clauses (i), (iii) and (iv) of the definition of Class A Group Two Optimal Principal Amount and (b) the portion of the amount related to Mortgage Components in Group Two which is referred to in clauses (i), (iii) and (iv) of the definition of Subordinated Optimal Principal Amount and (II) the Lockout Prepayment Percentage of the amount equal to the sum of (a) the amount with respect to Mortgage Components in Group Two which is referred to in clauses (ii) and (v) of the definition of Class A Group Two Optimal Principal Amount and (b) the portion of the amount related to Mortgage Components in Group Two which is referred to in clauses (ii) and (v) of the definition of Subordinated Optimal Principal Amount.
LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT. With respect to any Distribution Date will be an amount equal to the lesser of (i) the Senior Principal Distribution Amount for such Distribution Date and (ii) the Class [___] 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 [___] Certificates and the denominator of which is the aggregate Certificate Principal Balance of all of the Senior Certificates (other than the Class [___] Certificates), in each case immediately prior to such Distribution Date and (y) the Senior Principal Distribution Amount for such Distribution Date.