REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and
REMIC IV Distribution Amount. For any Distribution Date, the REMIC IV Available Distribution Amount shall be deemed distributed by REMIC IV to the holders of the Certificates (other than the Class B-IO Certificates) on account of the REMIC IV Regular Interests (other than REMIC IV Regular Interests B-IO-I and B-IO-P), to REMIC V on account of REMIC IV Regular Interests B-IO-I and B-IO-P, and to the Class R Certificates in respect of Component IV thereof, as follows: to each REMIC IV Regular Interest in respect of Uncertificated Interest thereon and the Uncertificated Principal Balance thereof, the amount distributed in respect of interest and principal on the Related Class or Classes of Certificates (with such amounts having the same character as interest or principal with respect to the REMIC IV Regular Interest as they have with respect to the Related Certificate or Certificates) with the following exceptions: (1) No amount paid to any Certificate in respect of any Basis Risk Shortfall Amount or Basis Risk Shortfall Carryforward Amount shall be included in the amount paid in respect of a related REMIC IV Regular Interest; and (2) amounts paid in respect of Basis Risk Shortfall Amounts and Basis Risk Shortfall Carryforward Amounts to the extent not derived from any Cap Contract Payment Amount shall be deemed paid with respect to REMIC IV Regular Interest B-IO-I in respect of accrued and unpaid interest thereon. Any remaining amount of the REMIC IV Available Distribution Amount shall be distributed to the holders of the Class R Certificates in respect of Component IV thereof.
REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of the Group 1, Group 2, Group 4, Group 5, Group L-B or Group M-B Certificates and (B) any amounts distributed in respect of Realized Losses allocable to principal pursuant to paragraph (I)(xxii) or (II)(iv) of the definition of “REMIC II Distribution Amount” shall not cause a reduction in the Class Principal Balances of the Group 3 Certificates. In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Group L-B Certificates with the lowest priority then outstanding shall be increased by an amount equal to the lesser of (i) the Subsequent Recoveries for Loan Group 1 and Loan Group 2 for such Distribution Date and (ii) the amount of Realized Losses allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph). In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Group 3-B Certificates with the lowest priority then outstanding shall be increased by an amount equal to the lesser of (i) the Subsequent Recoveries for Loan Group 3 for such Distribution Date and (ii) the amount of Realized Losses allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph). In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Group M-B Certificates with the lowest priority then outstanding shall be increased by an amount equal to the lesser of (i) the Subsequent Recoveries for Loan Group 4 and Loan Group 5 for such Distribution Date and (ii) the amount of Realized Losses allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph). The Class Principal Balance for the Class 1-A1 Certificates shall be referred to as the “Class 1-A1 Principal Balance,” the Class Principal Balance for the Class 1-A2 Certificates shall be referred to as the “Class 1-A2 Principal Balance,” and so on.
Examples of REMIC IV Distribution Amount in a sentence
On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust shall withdraw from the Distribution Account the REMIC IV Distribution Amount and shall distribute such amount pursuant to Section 4.05(d) hereof.
More Definitions of REMIC IV Distribution Amount
REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of Group L-B Certificates; and
REMIC IV Distribution Amount. (I) For any Distribution Date prior to the Group 2 Credit Support Depletion Date, the REMIC IV Available Distribution Amount for Loan Group 2 for such Distribution Date shall be distributed to the REMIC IV Regular Interests and the Class R-4 Residual Interest in the following amounts and priority, to the extent of the REMIC IV Available Distribution Amount for the applicable Subgroup for such Distribution Date:
REMIC IV Distribution Amount. For any Distribution Date, the REMIC IV Available Distribution Amount shall be deemed distributed by REMIC IV to the holders of the Class SB Certificates on account of REMIC IV Regular Interest SB and to the Supplemental Interest Trust Account on account of REMIC IV Regular Interest IO.
REMIC IV Distribution Amount. For any Distribution Date, the REMIC IV Available Distribution Amount shall be deemed distributed to Class A, Class M and Class SB Certificates in respect of the portion of such Certificates representing ownership of REMIC IV Regular Interests and the Class R Certificates in respect of Component IV thereof in the following amounts and priority:
REMIC IV Distribution Amount. For any Distribution Date, the REMIC IV Available Distribution Amount shall be deemed distributed by REMIC IV to the holders of the Class SB Certificates on account of REMIC IV Regular Interest SB and to the Supplemental Interest Trust Account on account of REMIC IV Regular Interest IO. REMIC IV Regular Interests. Either of the separate beneficial ownership interests in REMIC IV issued hereunder and designated as a "regular interest" in REMIC IV. The REMIC IV Regular Interests shall be entitled to distributions of interest and principal, subject to the terms and conditions hereof, as set forth in the Preliminary Statement hereto.
REMIC IV Distribution Amount. For any Distribution Date, the REMIC IV Available Distribution Amount shall be deemed distributed by REMIC IV to the Holders of the Class I-B-IO Certificates the amounts deemed distributed with respect to REMIC III Regular Interests I-B-IO-I and I-B-IO-P and to the Holders of the Class II-B-IO Certificates the amounts deemed distributed with respect to REMIC III Regular Interests II-B-IO-I and II-B-IO-X. XXXXX XX Interests: The REMIC IV Regular Interests and the Class R-X Certificates. REMIC IV Regular Interests: The separate beneficial ownership interests in REMIC IV set forth in Section 5.01(c) and issued hereunder and designated as "regular interests" in REMIC IV. The REMIC IV Regular Interests shall accrue interest at the Uncertificated Pass-Through Rate specified for the REMIC IV Regular Interests in Section 5.01(c). The designations for the REMIC IV Regular Interests are set forth in Section 5.01(c).
REMIC IV Distribution Amount. Subject to Section 4.05, the REMIC IV Available Distribution Amount for any Distribution Date shall be distributed to the Class C Certificates.