REMIC III Available Distribution Amount definition

REMIC III Available Distribution Amount. For the Group I Certificates, on any Distribution Date, the aggregate of all distributions to the Group I-L Regular Interests pursuant to clauses (I)(a), (I)(c) and (II)(a) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group I Certificates and the Class R-3 Residual Interest as provided herein). For the Group II Certificates, on any Distribution Date, the aggregate of all distributions to the Group II-L Regular Interests pursuant to clauses (I)(b), (I)(c) and (II)(b) of the definition of "REMIC II Distribution Amount" (which amount shall be available for distributions to the Group II Certificates and the Class R-3 Residual Interest as provided herein). For the Group C-B Certificates, on any Distribution Date, the aggregate of all distributions to the Group C-B-L Regular Interests (which amount shall be available for distributions to the Group C-B Certificates and the Class R-3 Residual Interest as provided herein).
REMIC III Available Distribution Amount. For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.
REMIC III Available Distribution Amount. For any Distribution Date, the amounts deemed distributed with respect to the REMIC I Regular Interests and the REMIC II Regular Interests pursuant to Section 6.07.

Examples of REMIC III Available Distribution Amount in a sentence

In the event that any federal prohibited transaction penalty taxes are imposed on REMIC III 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 III Available Distribution Amount for the applicable Distribution Date.

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 III 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 III and not paid by the Trustee 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 Distribution Account in reduction of the REMIC III Available Distribution Amount for the applicable Distribution Date.

In the event that any federal prohibited transaction penalty taxes are imposed on REMIC I, REMIC II or REMIC III 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, the REMIC II Available Distribution Amount or the REMIC III Available Distribution Amount, as applicable, for the applicable Distribution Date.

For tax purposes, for any such Distribution Date, each Class of Class 1X-PPP and Class 2X-PPP Certificates shall be treated as (i) having received the portion of the REMIC III Available Distribution Amount distributed to the Corresponding Class of REMIC III Regular Interests for such Distribution Date and (ii) having paid to the applicable Class or Classes of Class A or Class B Certificates, outside of REMIC III, the applicable portion of the Carryover Shortfall Payments for such Classes.


More Definitions of REMIC III Available Distribution Amount

REMIC III Available Distribution Amount. For any Distribution Date, the amount deemed distributed to REMIC III from REMIC I and REMIC II in respect of the Regular Interests therein.
REMIC III Available Distribution Amount. For any Distribution Date, the Available Funds for Loan Group I.
REMIC III Available Distribution Amount. For any Distribution Date, the amounts deemed distributed with respect to REMIC II Regular Interests B-IO-I and B-IO-P pursuant to Section 6.07.
REMIC III Available Distribution Amount. For any Distribution Date, the amounts deemed distributed with respect to the REMIC I Regular Interests pursuant to Section 6.10.
REMIC III Available Distribution Amount. With respect to the Group I Certificates, on any Distribution Date, the aggregate of all distributions with respect to the Group I-L Regular Interests. With respect to the Group II Certificates, on any Distribution Date, the aggregate of all distributions with respect to the Group II-L Regular Interests. With respect to the Group III Certificates, on any Distribution Date, the aggregate of all distributions with respect to the Group III-L Regular Interests. With respect to the Group C-B Certificates, on any Distribution Date, the aggregate of all distributions with respect to the Group C-B-L Regular Interests.
REMIC III Available Distribution Amount. For any Distribution Date, the Available Distribution Amount for Loan Group 2.
REMIC III Available Distribution Amount. For the Group I Certificates, on any Distribution Date, the aggregate of all distributions to the Group I-L Regular Interests and the portions of the distributions to the Class A-X-L and Class A-P-L Regular Interests paid in