Lower-Tier Distribution Amount definition

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

Lower-Tier Distribution Amount. As to any Distribution Date, the sum of:

Lower-Tier Distribution Amount means the aggregate of amounts distributable to the Uncertificated Lower-Tier Interests pursuant to Section 4.01(i).

Examples of Lower-Tier Distribution Amount in a sentence

• Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount." As of any date, the principal balance of each Uncertificated Lower-Tier Interest equals the Principal Balances of the respective Corresponding Upper-Tier Class or Classes.

• Any Available Funds that remain in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).

• Amounts distributed to the Aggregate Group 2 Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Aggregate Group 2 Lower-Tier Distribution Amount." Distributions on the Aggregate Group 3 Uncertificated Lower-Tier Interests.

• Such amounts distributed to the Uncertificated Subsidiary Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Subsidiary Lower-Tier Distribution Amount." As of any date, the principal balance of each Uncertificated Subsidiary Lower-Tier Interest equals the aggregate of the Class Certificate Balances of the respective Corresponding Upper-Tier Class or Classes.

• Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount." As of any date, the principal balance of each Uncertificated Lower-Tier Interest (other than the Class A-LWIO Interest) equals the Principal Balances of the respective Corresponding Upper-Tier Class or Classes.

More Definitions of Lower-Tier Distribution Amount

Lower-Tier Distribution Amount. As defined in Section 4.01(a)(iv).

Lower-Tier Distribution Amount. As to any calendar month the sum of:

Lower-Tier Distribution Amount. With respect to any Payment Date, the sum of the Lower-Tier A-1 Monthly Interest, the Lower-Tier A-2 Monthly Interest, the Lower-Tier A-3 Monthly Interest, the Lower-Tier A-4 Monthly Interest, the Lower-Tier A-5 Monthly Interest, the Lower-Tier A-6 Monthly Interest, the Lower-Tier A-7 Monthly Interest, the Lower-Tier A-8 Monthly Interest, the Lower-Tier A-9 Monthly Interest, the Lower-Tier B-1 Monthly Interest, the Lower-Tier M-1 Monthly Interest, the Lower-Tier M-2 Monthly Interest, the Class A Principal Distribution Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount and the Class B-1 Principal Distribution Amount. Such Class A Principal Distribution Amount is allocated as follows: (a) to the Lower-Tier Interest A-10 an amount equal to the Class A-10 Lockout Distribution Amount and (b) to the Lower-Tier Interest A-1 an amount equal to the amount necessary to reduce the Class A-1 Certificate Principal Balance to the Targeted Amount for such Payment Date and then; as a distribution on the Lower-Tier Interest A-2 until the Lower-Tier Interest A-2 Termination Date, the Class A-2 Distribution Amount; as a distribution on the Lower-Tier Interest A-3 until the Lower-Tier Interest A-3 Termination Date, the Class A-3 Distribution Amount; as a distribution on the Lower-Tier Interest A-4 until the Lower-Tier Interest A-4 Termination Date, the Class A-4 Distribution Amount; as a distribution on the Lower-Tier Interest A-5 until the Lower-Tier Interest A-5 Termination Date, the Class A-5 Distribution Amount; as a distribution on the Lower-Tier Interest A-6 until the Lower-Tier Interest A-6 Termination Date, the Class A-6 Distribution Amount; as a distribution on the Lower-Tier Interest A-7 until the Lower-Tier Interest A-7 Termination Date, the Class A-7 Distribution Amount; as a distribution on the Lower-Tier Interest A-8 until the Lower-Tier Interest A-8 Termination Date, the Class A-8 Distribution Amount; as a distribution on the Lower-Tier Interest A-9 until the Lower-Tier Interest A-9 Termination Date, the Class A-9 Distribution Amount; as a distribution on the Lower-Tier Interest A-10 until the Lower-Tier A-10 Termination Date, the Class A-10 Distribution Amount and; as a distribution on the Lower-Tier Interest A-1 until the Lower-Tier Interest A-1 Termination Date, the Class A-1 Distribution Amount.

Lower-Tier Distribution Amount. For any Distribution Date, the Pool Distribution Amount for each Loan Group shall be deemed distributed to the Upper-Tier REMIC, as the holder of the Uncertificated Lower-Tier Regular Interests, and to Holders of the Class 1-A-R Certificates in respect of Component I thereof, in the following amounts and priority:

Lower-Tier Distribution Amount. As of any Payment Date, the sum of (i) the Group I Available Funds and (ii) the Group II Available Funds.

Lower-Tier Distribution Amount shall have the meaning assigned thereto in Section 4.01.

Lower-Tier Distribution Amount. As of any Remittance Date, the Available Funds.