Lower-Tier Distribution Amount definition

Lower-Tier Distribution Amount. As defined in Section 5.02(a).

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Lower-Tier Distribution Amount. As defined in Section 4.01(a)(iii).

Lower-Tier Distribution Amount. As to any Distribution Date, the sum of:

Examples of Lower-Tier Distribution Amount in a sentence

Amounts distributable pursuant to this paragraph are referred to herein collectively as the “Lower-Tier Distribution Amount”, and shall be made by the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier REMIC Distribution Account to be deposited in the Upper-Tier REMIC Distribution Account.
Any amount that remains in the Lower-Tier REMIC Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and distribution of Prepayment Premiums and Yield Maintenance Charges pursuant to Section 4.01(e)(iii) shall be distributed to the Holders of the Class R Certificates in respect of the Class LR Interest (but only to the extent of the Available Funds for such Distribution Date remaining in the Lower-Tier REMIC Distribution Account, if any).

More Definitions of Lower-Tier Distribution Amount

Lower-Tier Distribution Amount means the aggregate of amounts distributable to the Uncertificated Lower-Tier Interests pursuant to Section 4.01(i).

Lower-Tier Distribution Amount. As to any calendar month the sum of:

Lower-Tier Distribution Amount. With respect to any Payment Date, the sum of the Lower-Tier A-1 Monthly Interest, the Lower-Tier A-2 Monthly Interest, the Lower-Tier A-3 Monthly Interest, the Lower-Tier A-4 Monthly Interest, the Lower-Tier A-5 Monthly Interest, the Lower-Tier A-6 Monthly Interest, the Lower-Tier B Monthly Interest, the Lower-Tier M-1 Monthly Interest, the Lower-Tier M-2 Monthly Interest, the Class A Principal Distribution Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount and the Class B Principal Distribution Amount. All amounts calculated pursuant hereto with respect to principal shall be exclusive of any Extra Principal Distribution Amounts. Such Class A Principal Distribution Amount is allocated as follows: (a) to the Lower-Tier Interest A-6 an amount equal to the Class A-6 Lockout Distribution Amount and (b) as a distribution on the Lower-Tier Interest A-1 until the Lower-Tier Interest A-1 Termination Date, the Class A-1 Distribution Amount; as a distribution on the Lower-Tier Interest A-2 until the Lower-Tier Interest A-2 Termination Date, the Class A-2 Distribution Amount; as a distribution on the Lower-Tier Interest A-3 until the Lower-Tier Interest A-3 Termination Date, the Class A-3 Distribution Amount; as a distribution on the Lower-Tier Interest A-4 until the Lower-Tier Interest A-4 Termination Date, the Class A-4 Distribution Amount; as a distribution on the Lower-Tier Interest A-5 until the Lower-Tier Interest A-5 Termination Date, the Class A-5 Distribution Amount; and as a distribution on the Lower-Tier Interest A-6 until the Lower-Tier Interest A-6 Termination Date, the Class A-6 Distribution Amount.

Lower-Tier Distribution Amount. For any Distribution Date, the Pool Distribution Amount for each Loan Group shall be deemed distributed to the Upper-Tier REMIC, as the holder of the Uncertificated Lower-Tier Regular Interests, and to Holders of the Class 1-A-R Certificates in respect of Component I thereof, in the following amounts and priority:

Lower-Tier Distribution Amount. As of any Payment Date, the sum of (i) the Group I Available Funds and (ii) the Group II Available Funds.

Lower-Tier Distribution Amount shall have the meaning assigned thereto in Section 4.01.

Lower-Tier Distribution Amount. As of any Remittance Date, the Available Funds.