Residual Distribution Amount. For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount for Loan Group 1 and Loan Group 2 remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of “REMIC I Distribution Amount”. For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distribution pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-3 Residual Interest and for Loan Group 1 and Loan Group 2, any portion of the REMIC III Available Distribution Amount for Loan Group 1 and Loan Group 2, respectively, remaining after all distributions of such REMIC III Available Distribution Amount pursuant to clauses (I)(A), (I)(B), (I)(C), (II)(A) and (II)(B), as applicable, of the definition of “REMIC III Distribution Amount” (other than the distributions pursuant to the last subclause of clauses (I)(C), (II)(A) and (II)(B)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, REMIC II and REMIC III, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC III Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1, Class R-2 and Class R-3 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.
Residual Distribution Amount. For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount remaining after all distributions of the REMIC I Available Distribution Amount pursuant to the definition of “REMIC I Distribution Amount” (other than the distributions pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distributions pursuant to the last clause thereof). Upon termination of the obligations created by this Agreement and liquidation of REMIC I and REMIC II, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC I Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1 and Class R-2 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.
Residual Distribution Amount. For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amounts for Loan Group I and Loan Group II remaining after all distributions of such REMIC I Available Distribution Amounts pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of "REMIC I Distribution Amount."
Examples of Residual Distribution Amount in a sentence
This amount will only be payable to the extent that funds are available to the Issuer for that purpose under the Pre-Enforcement Interest Payment Priorities or the Post-Enforcement Payment Priorities.Interest Accrual Period:Interest on the Notes (except the Residual Notes) and the Residual Distribution Amount will be paid quarterly in arrears.
More Definitions of Residual Distribution Amount
Residual Distribution Amount. On any Distribution Date, with respect to the Class R-1 Certificates and for Loan Group I, Loan Group II and Loan Group III, any portion of the REMIC I Available Distribution Amount for Loan Group I, Loan Group II and Loan Group III, respectively, remaining after all distributions of such REMIC I Available Distribution Amount pursuant to clause (a), (b) and (c), as applicable, of the definition of "REMIC I Distribution Amount" (other than the distribution pursuant to the last subclause thereof). On any Distribution Date, with respect to the Class R-2 Certificates and for the Group I, Group II and Group III Certificates, any portion of the REMIC II Available Distribution Amount for the Group I, Group II and Group III Certificates, respectively, remaining after all distributions of such REMIC II Available Distribution Amount pursuant to clauses (I)(a), (I)(b), (I)(c), (I)(d), (II)(a), (II)(b) and (II)(c), as applicable, of the definition of "REMIC II Distribution Amount" (other than the distributions pursuant to the last subclause of clauses (I)(d), (II)(a), (II)(b) and (II)(c)). Upon termination of the obligations created by this Agreement and the REMIC I Trust Fund and the REMIC II Trust Fund created hereby, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC I Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1 and Class R-2 Certificates in accordance with the preceding sentence of this definition as if the date of such distribution were a Distribution Date.
Residual Distribution Amount. On any Distribution Date, any portion of the Available Distribution Amount remaining after all distributions to the Certificates pursuant to the definition of Certificate Distribution Amount. Upon termination of the obligations created by this Agreement and the Trust Fund created hereby, the amounts which remain on deposit in the Certificate Account after payment to the Certificateholders of the amounts set forth in Section 9.1 of this Agreement, and subject to the conditions set forth therein.
Residual Distribution Amount. On any Distribution Date, any portion of the Group I and Group II Available Distribution Amounts remaining after all distributions to the Certificates pursuant to the definition of Certificate Distribution Amount (including the Class R Certificate only to the extent of any distributions to the Class R Certificate pursuant to clause (I)(A)(iv)(a) of such definition). Upon termination of the obligations created by this Agreement and the Trust Fund created hereby, the amounts which remain on deposit in the Certificate Account after payment to the Certificateholders of the amounts set forth in Section 9.1 of this Agreement, and subject to the conditions set forth therein.
Residual Distribution Amount. For any Distribution Date, any portion of the Available Distribution Amount remaining after all distributions of the Available Distribution Amount pursuant to the definition of "Distribution Amount" (other than the distributions pursuant to the last subclause thereof). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the Certificates of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R Certificates in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.
Residual Distribution Amount. For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amounts for Loan Group I and Loan Group II remaining after all distributions of such REMIC I Available Distribution Amounts pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of "REMIC I Distribution Amount." For any Distribution Date, with respect to the Class R-2 Residual Interest and for the Group I and Group II Certificates, any portion of the REMIC II Available Distribution Amount for the Group I and Group II Certificates, respectively, remaining after all distributions of such REMIC II Available Distribution Amount pursuant to clauses (a), (b) and (c), as applicable, of the definition of "REMIC II Distribution Amount" (other than the distributions pursuant to the last subclause of clause (c)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I and REMIC II, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC I Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1 and Class R-2 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date. Responsible Officer: When used with respect to the Trustee or the Delaware Trustee, any officer assigned to and working in the Corporate Trust Office (in the case of the Trustee) or its corporate trust office (in the case of the Delaware Trustee) or, in each case, in a similar group and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer's knowledge of and familiarity with the particular subject.
Residual Distribution Amount. For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clause (I) and (II), as applicable, of the definition of "REMIC I Distribution Amount" (other than the distribution pursuant to the last subclause of each such clause).
Residual Distribution Amount. On any Distribution Date, any portion of the Available Distribution Amount for a Loan Group remaining after all distributions to the related Certificates. Upon termination of the obligations created by this Agreement and the Trust Fund created hereby, the amounts which remain on deposit in the Certificate Account after payment to the Certificateholders of the amounts set forth in Section 9.1 of this Agreement, and subject to the conditions set forth therein.