Remaining Principal Distribution Amount Sample Clauses

Remaining Principal Distribution Amount. With respect to any Distribution Date, the sum of (a) the Pre-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clause (ii)(A) through (ii)(K) of Section 4.02(b) and (b) the Post-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (ii)(A) through (ii)(K) of Section 4.02(c), each for that Distribution Date.
Sample 1
AutoNDA by SimpleDocs
Remaining Principal Distribution Amount. On each Distribution Date, the excess of (x) the Group 1 Principal Distribution Amount over (y) the amount distributed pursuant to the immediately preceding paragraph (such excess, the “Group 1 Remaining Principal Distribution Amount”) will be distributed as principal of the Group 1 Certificates, in the following order of priority:
Sample 1
Remaining Principal Distribution Amount. 38 REMIC........................................................................................................38 REMIC 1......................................................................................................38
Sample 1
Remaining Principal Distribution Amount. With respect to any Distribution Date, the sum of (a) the Pre-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (v)(A) through (v)(I) of Section 4.02(b) and (b) the Post-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (v)(A) through (v)(I) of Section 4.02(c), each for that Distribution Date. REMIC ----- A "real estate mortgage investment conduit" within the meaning of section 860D of the Code. REMIC 1 ------- As defined in the Preliminary Statement. REMIC 2 ------- As defined in the Preliminary Statement. REMIC 1 Accrual Class --------------------- As defined in the Preliminary Statement. REMIC Change of Law ------------------- Any proposed, temporary or final regulation, revenue ruling, revenue procedure or other official announcement or interpretation relating to REMICs and the REMIC Provisions issued after the Closing Date. REMIC Provisions ---------------- Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at sections 860A through 860G of part IV of subchapter M of chapter 1 of subtitle A of the Code, and related provisions, and regulations promulgated thereunder, as the foregoing may be in effect from time to time, as well as provisions of applicable state laws. REO Property ------------ A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Loan. Request for Release ------------------- The Request for Release submitted by the Servicer to the Trustee, substantially in the form of Exhibit J. Required Insurance Policy ------------------------- With respect to any Loan, any insurance policy that is required to be maintained from time to time under this Agreement. Reserve Fund ------------ The account established and maintained by the Trustee pursuant to Section 3A.02. Responsible Officer ------------------- When used with respect to the Trustee, any officer assigned to the Corporate Trust Division of the Trustee (or any successor thereto), including any Vice President, any Assistant Vice President, the Secretary, any Assistant Secretary, any Trust Officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and having direct responsibility for the administration of this Agreement.
Sample 1

Related to Remaining Principal Distribution Amount

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Distribution Date 13 DTC...........................................................................................13

Time is Money Join Law Insider Premium to draft better contracts faster.