Lower Tier Principal Distribution Amount definition

Lower Tier Principal Distribution Amount. With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.

Lower Tier Principal Distribution Amount. With respect to each Lower Tier Regular Interest and any Distribution Date, the sum of the following amounts, without duplication:

Lower Tier Principal Distribution Amount. With respect to any calendar month, the Principal Distribution Amount.

Examples of Lower Tier Principal Distribution Amount in a sentence

• On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Classes in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes, from the Principal Distribution Amount as provided herein.

• On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Classes in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes from the Principal Distribution Amount as provided herein.

• On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Interests in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes from the Principal Distribution Amount as provided herein.

• The aggregate amount of principal distributable in respect of the Lower Tier Regular Interests during any calendar month shall equal the Lower Tier Principal Distribution Amount for such calendar month.

• On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Interests in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes or Companion Components, as applicable, from the Principal Distribution Amount as provided herein.

More Definitions of Lower Tier Principal Distribution Amount

Lower Tier Principal Distribution Amount. With respect to any Distribution Date, the Cash Flow Distribution Amount for such Distribution Date.

Lower Tier Principal Distribution Amount. With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any. Lower Tier Regular Classes: The Classes listed on the Lower Tier Schedule, other than the Class 6-RL Certificate.

Lower Tier Principal Distribution Amount. With respect to any calendar month, the sum of the Lower Tier I Principal Distribution Amount and the Lower Tier II Principal Distribution Amount.

Lower Tier Principal Distribution Amount. With respect to a particular Distribution date, an amount equal to the sum of (i) the Cash Flow Distribution Amount for such Distribution Date and (ii) the Lower Tier Accrual Amount for such Distribution Date.

Lower Tier Principal Distribution Amount. With respect to any calendar month an amount equal to the sum of (i) the MBS Principal Distribution Amount for such calendar month and (ii) the Lower Tier Accrual Amount, if any, for such calendar month.

Lower Tier Principal Distribution Amount. With respect to any calendar month, the Cash Flow Distribution Amount for such calendar month. Lower Tier Regular Interests: The twenty-four Classes of regular interests in the Lower Tier REMIC described in Section 2.02 hereof.

Lower Tier Principal Distribution Amount. With respect to any Distribution Date, the sum of (i) the Stated Principal Balance immediately prior to such Distribution Date of each Mortgage Loan which became a Liquidated Mortgage Loan or was prepaid in full during the preceding Due Period, (ii) all scheduled payments of principal due during the preceding Due Period (other than in connection with any fully prepaid or Liquidated Mortgage Loan described in (i) above), (iii) the amount of any partial prepayment of any Mortgage Loan received during the related Due Period, (iv) any Substitution Adjustment Amounts, (v) the Stated Principal Balance of any delinquent Mortgage Loans that shall have been repurchased during the related Due Period and any Mortgage Loan that shall have been repurchased on account of a breach of the representation and warranties with respect to such loan made by Countrywide in the Sale and Servicing Agreement, and (vi) any amount by which the sum of the amounts described in clauses (i)-(v) above, inclusive, is, when applied in accordance with the Lower Tier Schedule, insufficient to reduce to zero the Class Balance of any Lower Tier Regular Interest as to which such Distribution Date is the Final Distribution Date.