REMIC II Available Distribution Amount definition

REMIC II Available Distribution Amount. For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.

REMIC II Available Distribution Amount. For the Group I-L Regular Interests, on any Distribution Date, the portions attributable to Group I Loans of all distributions to the Class A-X-M, Class A-P-M, Class C-Y-1 and Class C-Z-1 Regular Interests (which amount shall be available for distributions to the Group I-L, Class A-P-L, Class A-X-L and Group C-B-L Regular Interests and the Class R-2 Residual Interest as provided herein). For the Group II-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class II-P-L, Class II-X-L, Class C-Y-2 and Class C-Z-2 Regular Interests (which amount shall be available for distributions to the Group II-L and Group C-B-L Regular Interests and the Class R-2 Residual Interest as provided herein). For the Group III-L Regular Interests, on any Distribution Date, the portions attributable to Group III Loans of all distributions to the Class A-X-M, Class A-P-M, Class C-Y-1 and Class C-Z-1 Regular Interests (which amount shall be available for distributions to the Group III-L, Class A-P-L, Class A-X-L and Group C-B-L Regular Interests and the Class R-2 Residual Interest as provided herein).

REMIC II Available Distribution Amount. For any Distribution Date, the Available Funds with respect to Loan Group II.

Examples of REMIC II Available Distribution Amount in a sentence

• As provided in the Pooling Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of Authorized Denominations evidencing the same aggregate interest in the portion of the REMIC II Available Distribution Amount distributable on this Class of Certificate, as requested by the Holder surrendering the same.

• In the event that any federal prohibited transaction penalty taxes are imposed on REMIC II and not paid by the Servicer pursuant to clause (f) of the immediately preceding paragraph, the Trustee on behalf of the Trust shall pay such taxes from amounts on deposit in the Certificate Account in reduction of the REMIC II Available Distribution Amount for the applicable Distribution Date.

• Notwithstanding the right of the Class X Certificates to receive payments from the REMIC II Available Distribution Amount on the Class X-L Regular Interest, the amount of such payments may be reduced as specified in the second sentence of Section 4.04(a).

• In the event that any federal prohibited transaction penalty taxes are imposed on REMIC I or REMIC II and not paid by the Servicer pursuant to clause (f) of the third preceding paragraph, the Trustee on behalf of the Trust shall pay such taxes from amounts on deposit in the Certificate Account in reduction of the REMIC I Available Distribution Amount or the REMIC II Available Distribution Amount, as applicable, for the applicable Distribution Date.

• In addition to their rights to receive payments from the REMIC II Available Distribution Amount on their Corresponding Class of REMIC II Regular Interests, (i) the Class A Certificates shall be entitled to receive payments, if any, as specified in the second and fifth sentences of Section 4.04(a) and (ii) the Class B Certificates shall be entitled to receive payments, if any, as specified in the second sentence of Section 4.04(a).

More Definitions of REMIC II Available Distribution Amount

REMIC II Available Distribution Amount. For any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in Loan Group 3:

REMIC II Available Distribution Amount. For any Distribution Date, the amounts deemed distributed with respect to the REMIC I Regular Interests pursuant to Section 6.07.

REMIC II Available Distribution Amount. With respect to the Group I-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class I-P-M, Class I-X-M, Class C-Y-1 and Class C-Z-1 Regular Interests (which amount shall be available for distributions to the Group I-L and Group C-B-L Regular Interests and the Class R-2 Residual Interest as provided herein). With respect to the Group II-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class II-P-M, Class II-X-M, Class C-Y-2 and Class C-Z-2 Regular Interests (which amount shall be available for distributions to the Group II-L and Group C-B-L Regular Interests and the Class R-2 Residual Interest as provided herein).

REMIC II Available Distribution Amount. For each of Loan Group 7A and Loan Group 7B for any Distribution Date, the Available Distribution Amount for such Loan Group.

REMIC II Available Distribution Amount. For the REMIC II Regular Interests and the Class R-2 Residual Interest, the aggregate of all distributions to the REMIC I Regular Interests (which amount shall be available for distributions to the REMIC II Regular Interests and the Class R-2 Residual Interest as provided herein).

REMIC II Available Distribution Amount. For the Group I-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class Y-1 and Class Z-1 Regular Interests (which amount shall be available for distributions to the Group I-L and Group X-X Regular Interests and the Class R-2 Residual Interest as provided herein). For the Group II-L Regular Interests, on any Distribution Date, the aggregate of all distributions to the Class Y-2 and Class Z-2 Regular Interests (which amount shall be available for distributions to the Group II-L and Group X-X Regular Interests and the Class R-2 Residual Interest as provided herein).

REMIC II Available Distribution Amount. With respect to the Group 1-A Certificates, on any Distribution Date, the aggregate of all distributions to the Class Y-1 and Class Z-1 Regular Interests (which amount shall be available for distributions to the Group 1-A Certificates and Class B Certificates and the Class R-2 Residual Interest as provided herein). With respect to the Group 2-A Certificates, on any Distribution Date, the aggregate of all distributions to the Class Y-2 and Class Z-2 Regular Interests (which amount shall be available for distributions to the Group 2-A Certificates and Class B Certificates and the Class R-2 Residual Interest as provided herein).