Tier Distribution Amount definition

Tier Distribution Amount. As to any calendar month the sum of:
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Tier Distribution Amount. With respect to the Lower Tier REMIC and any Distribution Date, an amount equal to the sum of (i) the Lower Tier Interest Distribution Amount for such Distribution Date and (ii) the Lower Tier Principal Distribution Amount for such Distribution Date.
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Tier Distribution Amount. As to any calendar month, the sum of the Lower Tier I Distribution Amount and the Lower Tier II Distribution Amount.
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Examples of Tier Distribution Amount in a sentence

  • In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount distributable thereon, ▇▇▇▇▇▇ Mae shall provide from its own funds the amount of any such insufficiency.

  • The aggregate amount of principal and interest distributable in respect of the Lower Tier Regular Classes during any calendar month shall equal the Lower Tier Distribution Amount for such calendar month.

  • On or before each Determination Date (or as soon thereafter as is reasonably practicable), ▇▇▇▇▇▇ Mae shall calculate the Lower Tier Distribution Amount for the current calendar month.

  • The aggregate amount of principal of and interest distributable on the Trust Fund Certificates during any calendar month shall be equal to the Lower Tier Distribution Amount for such calendar month.

  • On each Distribution Date, ▇▇▇▇▇▇ ▇▇▇ shall withdraw from the Certificate Account the portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of the related Lower Tier Regular Classes in the respective amounts and in the applicable manner determined pursuant to Section 2.02.

  • In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, ▇▇▇▇▇▇ Mae shall provide from its own funds the amount of any insufficiency.

  • On each Distribution Date, ▇▇▇▇▇▇ ▇▇▇ shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein.

  • In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, ▇▇▇▇▇▇ ▇▇▇ shall provide from its own funds the amount of any insufficiency.

  • On each Distribution Date, ▇▇▇▇▇▇ Mae shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein.

  • In the event that amounts shall remain in the Certificate Account in any month following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.07 hereof.

Related to Tier Distribution Amount

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.