Required Distributions definition
Required Distributions. Not applicable.
Required Distributions. With respect to any Distribution Date and the Class A-4 Certificates, the sum without duplication of (i) the related Interest Distribution Amount for such Distribution Date and (ii) the amount of any Realized Loss, including any Excess Loss, allocated to the Class A-4 Certificates on such Distribution Date.
Required Distributions means, (a) with respect to any Distribution Date, the sum of (i) the amount of interest that has accrued on the Obligations at the applicable Pass-Through Rate during the applicable Accrual Period with respect to the Obligations, net of any interest shortfalls resulting from Prepayment Interest Shortfalls and any interest shortfalls resulting from the application of the Servicemembers Civil Relief Act, or similar state or local laws and (ii) if such Distribution Date is not the Final Scheduled Distribution Date, the amount of any Applied Realized Loss Amounts, if any, allocated to the Obligations and (b) on the Final Scheduled Distribution Date, the aggregate Certificate Principal Balance of the Obligations (after giving effect to all distributions to be made on such Distribution Date). Required Distributions do not include any Net Rate Carryover.
Examples of Required Distributions in a sentence
Distributions After Age 59½ but Before Required Distributions Must Begin.
The distribution requirements, if any, are shown on Contract Schedule I under Required Distributions.
In all other cases involving the death of an Owner, the Contract must be distributed in accordance with the applicable provisions of the Code described in Required Distributions on Death of Owner, and the Annuitant(s) will not receive annuity income even if the Contract Value has not been distributed by the Annuity Date.
DEATH BENEFIT PRIOR TO THE ANNUITY DATE Upon the death of an Owner prior to the Annuity Date, any Enhanced Death Benefit (as defined below) will be paid according to the provisions in the Owners and Death of Owners and the Required Distributions sections.
Any such application of Asset Portfolio Net Collections from any Qualifying Asset Portfolio shall require Borrower to deliver to Lender together with the Remittance Report a written analysis of its justification for such application and a reasoned projection of when the Asset Portfolio Net Collections for such Asset Portfolio shall return to a level sufficient for it to pay the Required Distributions for such Asset Portfolio.
More Definitions of Required Distributions
Required Distributions. With respect to any Distribution Date and the Class 1-A-3 Certificates, the sum, without duplication, of (i) the Interest Distribution Amount with respect to the Class 1-A-3 Certificates minus any Net Prepayment Interest Shortfalls and any Relief Act Reductions allocated to the Class 1-A-3 Certificates on that Distribution Date and (ii) the amount of any Realized Loss allocated to the Class 1-A-3 Certificates on such Distribution Date.
Required Distributions means, (a) with respect to any Distribution Date, the sum, without duplication, of (i) the amount of interest that has accrued on the Class AF-5B Certificates at the then applicable Pass-Through Rate during the applicable Accrual Period with respect to the Class AF-5B Certificates, net of any interest shortfalls resulting from Prepayment Interest Shortfalls and any interest shortfalls resulting from application of the Servicemembers Civil Relief Act, or similar state or local laws and (ii) at the election of the Class AF-5B Insurer in its sole discretion, the amount equal to the product of (x) a fraction, the numerator of which is equal to the Certificate Principal Balance of the Class AF-5B Certificates (after giving effect to all distributions, other than Required Distributions, to be made on such Distribution Date), and the denominator of which is equal to the aggregate Certificate Principal Balance of the Class AF Certificates (after giving effect to all distributions, other than Required Distributions, to be made on such Distribution Date), and (y) the amount, if any, by which the aggregate Certificate Principal Balance of the Class AF Certificates (after giving effect to all distributions, other than Required Distributions, to be made on such Distribution Date) exceeds the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 1 plus the amount on deposit in the Pre-Funding Account in respect of Loan Group 1; and (b) on the Last Scheduled Distribution Date, the outstanding Certificate Principal Balance of the Class AF-5B Certificates (after giving effect to all distributions, other than Required Distributions, to be made on such Distribution Date).
Required Distributions. As defined in the Class A-1-W and Class A-3-W Policy.
Required Distributions means (a) with respect to any Distribution Date, the sum of (x) the amount of interest that has accrued on the Obligations at the applicable Pass-Through Rate during the applicable Accrual Period with respect to the Obligations, net of any Prepayment Interest Shortfalls and any Relief Act Reductions and (y) if such Distribution Date is not the Last Scheduled Distribution Date, at the election of the Insurer in its sole discretion, each of the Obligations' pro rata share (based upon the Class Principal Balance of each such Class of Certificates) of the amount, if any, by which the aggregate Class Principal Balance of the Senior Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans and (b) on the Last Scheduled Distribution Date, the aggregate Class Principal Balance of the Obligations (after giving effect to all distributions to be made on such Distribution Date). Required Distributions do not include any Net Rate Carryover.
Required Distributions. With respect to any Distribution Date and the Class A-12 Certificates, the sum without duplication of (i) the related Interest Distribution Amount for such Distribution Date and (ii) the amount of any Realized Loss, including any Excess Loss, allocated to the Class A-12 Certificates on such Distribution Date.
Required Distributions means (i) with respect to any Payment Date occurring prior to the Payment Date in September 2031, (x) the Interest Payment Amount; and (y) any Overcollateralization Deficit after application of Available Funds; and (ii) with respect to the Final Stated Maturity Date, the aggregate Outstanding Note Principal Balance, after giving effect to all other payments of principal on the Notes on that Payment Date.
Required Distributions. Unlike a traditional ▇▇▇, you are not required to begin distributions when you attain age 70 1/2.