Lockout Distribution Amount. With respect to any Payment Date, the product of (a) the Class A-5 Lockout Percentage for such Payment Date and (b) the Class A-5 Pro Rata Distribution Amount for such Payment Date. In no event shall the Class A-5 Lockout Distribution Amount for a Payment Date exceed the Principal Collection Distribution Amount or the Note Balance of the Class A-5 Notes immediately prior to such Payment Date.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Lockout Distribution Percentage for the related Distribution Date, (ii) the Lockout Certificate Percentage for that Distribution Date and (iii) any amounts in respect of principal allocated to the Group II Certificates; provided, however, the Lockout Distribution Amount will not exceed the outstanding Certificate Principal Balance of the Class II-A-6 Certificates.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Class AF-5A and Class AF-5B Calculation Percentage for that Distribution Date, (ii) the Class AF-5A and Class AF-5B Lockout Percentage for that Distribution Date and (iii) the Class A Principal Distribution Amount for that Distribution Date. In no event shall the Class AF-5A and Class AF-5B Lockout Distribution Amount exceed the lesser of the aggregate outstanding Class Certificate Balance of the Class AF-5A and Class AF-5B Certificates or the Class A Principal Distribution Amount for the applicable Distribution Date. Class AF-5A and Class AF-5B Lockout Percentage. For any Distribution Date, the following: Distribution Date Class AF-5A and (Months) Class AF-5B Lockout Percentage 1 to 36 0% 37 to 60 45% 61 to 72 80% 73 to 84 100% 85 and thereafter 300%
Examples of Lockout Distribution Amount in a sentence
Class A-6 (a) Class A-6 Lockout Percentage 0.00% (b) Class A-6 Lockout Distribution Amount 0.00000000 0.00 2(b).
Class A-6 (a) Class A-6 Lockout Percentage 0.00% (b) Class A-6 Lockout Distribution Amount 0.00000000 0.00 8.
Class A-6 (a) Class A-6 Lockout Percentage 0.00% (b) Class A-6 Lockout Distribution Amount 0.00000000 0.00 7 8.
Class A-7 (a) Class A-7 Lockout Percentage 0.00% (b) Class A-7 Lockout Distribution Amount 0.00000000 0.00 8.
CLASS IIA-2 LOCKOUT PERCENTAGE April 1999 -- June 2000: 0% July 2000 -- February 2002: 500% IF THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS NOT MET: Group I Certificates: 1) To the Class IA-5 Certificateholders -- the Class IA-5 Lockout Distribution Amount 2) All remaining scheduled and unscheduled Group I principal will be paid sequentially to the Class IA Certificates.
More Definitions of Lockout Distribution Amount
Lockout Distribution Amount. With respect to any Distribution Date, the product of (i) the Lockout Certificate Percentage for such Distribution Date and (ii) the product of (a) a fraction the numerator of which is the Certificate Principal balance of the Class A-5 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date and (b) the Class A Principal Distribution Amount for such Distribution Date.
Lockout Distribution Amount. For any Distribution Date and the Class 2-A3 Certificates, an amount equal to the related Lockout Percentage of such Certificates’ pro rata share (based on the Certificate Principal Balance of the Class 2-A3 Certificates as a proportion of the aggregate Certificate Principal Balance of all the Group 2 Class A Certificates) of the Senior Principal Distribution Amount for the Group 2 Class A Certificates.
Lockout Distribution Amount. For any monthly payment date, the product of (x) the Class A-5 Lockout Percentage for that monthly payment date and (y) the Class A-5 Pro Rata Distribution Amount for that monthly payment date.
Lockout Distribution Amount. The Class A-6 Certificates is allocated principal pari passu with the Class A Certificate that is currently entitled to receive a principal payment in a ratio equal to the product of a) the outstanding balance of the Class A-6 Certificates divided by the outstanding principal balance of all of the Class A Certificates and b) a specified percentage, namely: the lockout percentage (see below). -------------------------------------------------- Lockout Distribution Dates Percentage -------------------------------------------------- April 1998 to March 2001 0% April 2001 to March 2003 45% April 2003 to March 2004 80% April 2004 to March 2005 100% April 2005 and thereafter 300% -------------------------------------------------- Prospectus: The Offered Certificates are being offered pursuant to a Prospectus which includes a Prospectus Supplement (together, the "Prospectus"). Complete information with respect to the Offered Certificates and the Home Equity Loans is contained in the Prospectus. The material presented herein is qualified in its entirety by the information appearing in the Prospectus. To the extent that the foregoing is inconsistent with the Prospectus, the Prospectus shall govern in all respects. Sales of the Offered Certificates may not be consummated unless the purchaser has received the Prospectus. -------------------------------------------------------------------------------- BEAR XXXXXXX This information should be considered only after reading Bear Xxxxxxx' Statement Regarding Assumptions as to Securities, Pricing Estimates and Other Information (the "Statement"), which should be attached. Do not use or rely on this information if you have not received and reviewed this Statement. You may obtain a copy of the Statement from your sales representative.
Lockout Distribution Amount. For any Distribution Date shall be the Class A-5 Lockout Distribution Percentage for that Distribution Date multiplied by the product of (x) a fraction, the numerator of which is the Certificate Principal Balance of the Class A-5 Certificates and the denominator of which is the aggregate Certificate Principal Balance of all of the Senior Certificates, in each case immediately prior to such Distribution Date and (y) the Senior Principal Distribution Amount for such Distribution Date.
Lockout Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the applicable Lockout Calculation Percentage for that Distribution Date, (ii) the Lockout Percentage for that Distribution Date and (iii) the Class 1A Principal Distribution Amount for that Distribution Date. In no event shall the Lockout Distribution Amount exceed the lesser of the aggregate outstanding Class Certificate Balance of the Class 1AF6, Class 1AF7A and Class 1AF7B Certificates or the Class 1A Principal Distribution Amount for the applicable Distribution Date.
Lockout Distribution Amount. For any Distribution Date, the product of (i) the Class A-6 Lockout Percentage for such Distribution Date and (ii) the Class A-6 Pro Rata Distribution Amount for such Distribution Date. In no event shall the Class A-6 Lockout Distribution Amount for a Distribution Date exceed the Class A Principal Distribution Amount for that Distribution Date.