Examples of Noteholders' Monthly Principal Distributable Amount in a sentence
The principal of the Class B Notes will be payable on each Payment Date, to the extent of funds available therefor, in an amount generally equal to the Class B Noteholders' Monthly Principal Distributable Amount; provided, that no principal payments will be made with respect to the Class B Notes on any Payment Date until all amounts payable with respect to the Class A Notes on that Payment Date have been paid in full.
On each Distribution Date thereafter, the full Noteholders' Monthly Principal Distributable Amount will be distributable as principal to the Noteholders.
Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $5,471,234.31 The Class A-1 Notes will receive 57.00% of the Principal Distribution Amount on each Distribution Date.
Calculation of Noteholders' Principal Distributable Amount: Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $4,584,778.13 The Class A-4 Notes will be entitled to receive 50.00% of the Principal Distributable Amount on each Distribution Date.
Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $4,972,781.86 The Class A-1 Notes will receive 57.00% of the Principal Distribution Amount on each Distribution Date.