Principal Distribution Amount definition

Principal Distribution Amount. For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.
Principal Distribution Amount. With respect to each Distribution Date, an amount equal to (x) the Principal Funds for such Distribution Date plus (y) any Extra Principal Distribution Amount for such Distribution Date, less (z) any Overcollateralization Release Amount.

Examples of Principal Distribution Amount in a sentence

  • Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

  • During each calendar month, distributions in reduction of the Certificate Balances of the Trust Fund Certificates shall be made in an amount equal to the Principal Distribution Amount and shall be distributed in the amounts and in the priorities specified in the Prospectus Supplement.

  • All distributions of such Principal Distribution Amount which are made with respect to a particular Class of Trust Fund Certificates shall be made pro rata among all Certificates of such Class in proportion to their respective Certificate Balances, with no preference or priority of any kind.

  • Any Excess Spread to the extent necessary to meet a level of overcollateralization equal to the Overcollateralization Target Amount will be the Extra Principal Distribution Amount and will be included as part of the Principal Distribution Amount.

  • As and to the extent provided in clause (II)(A) of the definition thereof, the Principal Distribution Amount for the Distribution Date related to such Collection Period shall be reduced to the extent that such payment or reimbursement of a Workout-Delayed Reimbursement Amount is made from aggregate principal collections pursuant to the preceding sentence.


More Definitions of Principal Distribution Amount

Principal Distribution Amount. With respect to each Mortgage Pool and any Distribution Date, an amount equal to the Principal Remittance Amount for such Mortgage Pool for such date minus the Aggregate Overcollateralization Release Amount, if any, allocable to such Mortgage Pool, for such Distribution Date (based on the Pool Percentage).
Principal Distribution Amount. With respect to any Distribution Date, the lesser of (a) the excess of (x) the Available Distribution Amount over (y) the Interest Distribution Amount, and (b) the sum of:
Principal Distribution Amount. $ 657,485.10 --------------
Principal Distribution Amount. With respect to a particular calendar month, an amount equal to the sum of (i) the Cash Flow Distribution Amount for such calendar month and (ii) the Aggregate Accrual Amount for such calendar month, if any. Prospectus: The Prospectus dated May 1, 2002 relating to the Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificates.
Principal Distribution Amount. For any Distribution Date will be equal to the sum, without duplication, of:
Principal Distribution Amount. With respect to any Distribution Date and the Non-Vertically Retained Principal Balance Certificates, the sum of (i) the Non-Vertically Retained Percentage of the Aggregate Principal Distribution Amount for such Distribution Date and (ii) the Principal Shortfall, if any, for such Distribution Date.