Mega Distribution Amount definition

Mega Distribution Amount. As to any Mega Issue and each Distribution Date, the sum of the related Mega Interest Distribution Amount plus the related Mega Principal Distribution Amount.
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Examples of Mega Distribution Amount in a sentence

  • To the extent the amount withdrawn from the Certificate Accounts and delivered to the Paying Agent is insufficient to pay the Mega Distribution Amount for each Mega Issue and the SMBS Class Distribution Amount for each Class of SMBS Certificates with respect to a SMBS Series for that Distribution Date, the Paying Agent will receive funds pursuant to the Guaranty as described in Section 5.05.

  • No later than each Distribution Date, the Trustee will withdraw and deliver to the Paying Agent from funds on deposit in one or more Certificate Accounts an amount equal to the Mega Distribution Amount and/or each SMBS Class Distribution Amount for a Trust, as applicable, pursuant to Section 4.01 and 4.02 (or if sufficient funds for a Trust are not then available in any Certificate Account, as much as is available) for application towards the distributions required by the Trust Documents.

  • On or before the Distribution Date, the Trustee will notify the Paying Agent, or cause the Paying Agent to be notified, of the Mega Distribution Amount for each Mega Issue and the SMBS Class Distribution Amount for each Class of SMBS Certificates with respect to a SMBS Series for that Distribution Date.

  • Any payment obligations of any Person other than the Paying Agent to Holders will be fully satisfied upon transmittal of payment to the Paying Agent of the Mega Distribution Amount and/or each SMBS Class Distribution Amount on or before the related Distribution Date.

  • In the event that amounts remain in any Certificate Account in any month following distribution of the related Mega Distribution Amount and each SMBS Class Distribution Amount for such month, such remaining amounts may be withdrawn by the Trustee and retained by it as compensation for its administrative obligations hereunder.

  • On each Distribution Date, the Trustee will withdraw and deliver to the applicable Paying Agent, or cause to be withdrawn and so delivered, funds from the related Certificate Account in the amount of the Mega Distribution Amount for each Mega Issue and the SMBS Class Distribution Amount for each Class of SMBS Certificates with respect to a SMBS Series (or if sufficient funds for a Trust are not then available in the related Certificate Account, as much as is available).

Related to Mega Distribution Amount

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following: