Noteholders' Monthly Principal Distributable Amount definition

Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the sum of (i) the Regular Principal Distribution Amount plus (ii) the Accelerated Principal Amount plus (iii) any accelerated payments of principal required to be made from amounts on deposit in the Reserve Account pursuant to Section 5.07(b)(ii).

Noteholders' Monthly Principal Distributable Amount means, for any Distribution Date prior to the Distribution Date on which the Notes have been paid in full, 100% of the Principal Distribution Amount; and for the Distribution Date on which the Notes are paid in full, the portion of the Principal Distribution Amount required to pay the Notes in full.

Examples of Noteholders' Monthly Principal Distributable Amount in a sentence

• The principal of the Class B Notes will be payable on each Payment Date, to the extent of funds available therefor, in an amount generally equal to the Class B Noteholders' Monthly Principal Distributable Amount; provided, that no principal payments will be made with respect to the Class B Notes on any Payment Date until all amounts payable with respect to the Class A Notes on that Payment Date have been paid in full.

• On each Distribution Date thereafter, the full Noteholders' Monthly Principal Distributable Amount will be distributable as principal to the Noteholders.

• Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $5,471,234.31 The Class A-1 Notes will receive 57.00% of the Principal Distribution Amount on each Distribution Date.

• Calculation of Noteholders' Principal Distributable Amount: Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $4,584,778.13 The Class A-4 Notes will be entitled to receive 50.00% of the Principal Distributable Amount on each Distribution Date.

• Noteholders' Monthly Principal Distributable Amount: Principal Distribution Amount $4,972,781.86 The Class A-1 Notes will receive 57.00% of the Principal Distribution Amount on each Distribution Date.

More Definitions of Noteholders' Monthly Principal Distributable Amount

Noteholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, 100% of the Principal Distribution Amount. With respect to the Distribution Date on which the outstanding principal balance of the Class A-1 Notes is reduced to zero, the "Noteholders' Monthly Principal Distributable Amount" shall equal the sum of (i) the outstanding principal balance of the Class A-1 Notes plus (ii) 100% (after giving effect to the retirement of the Class A-1 Notes) of the Principal Distribution Amount less the outstanding principal balance of the Class A-1 Notes immediately prior to such Distribution Date.

Noteholders' Monthly Principal Distributable Amount. With respect to any Distribution Date, 100% of the Principal Distribution Amount.

Noteholders' Monthly Principal Distributable Amount shall equal the sum of (i) the outstanding principal balance of the Class A-1 Notes plus (ii) 100% (after giving effect to the retirement of the Class A-1 Notes) of the Principal Distribution Amount less the outstanding principal balance of the Class A-1 Notes immediately prior to such Distribution Date.

Noteholders' Monthly Principal Distributable Amount means, with respect to any Monthly Payment Date, the lesser of (i) the sum of the Regular Principal Distribution Amount plus the Accelerated Principal Distribution Amount for such Monthly Payment Date and (ii) the amount, if any, necessary to reduce the aggregate principal amount of the Notes so that the Overcollateralization Amount shall equal the Targeted Overcollateralization Amount after application of payments for such Monthly Payment Date in reduction of the aggregate principal amount of the Notes; provided that on and after the Stated Maturity Date for any Class or Classes of Notes, the Noteholders' Monthly Principal Distributable Amount shall be calculated as an amount which is not less than the amount required to reduce the aggregate principal amount of the Notes of such Class or Classes to zero.

Noteholders' Monthly Principal Distributable Amount. With respect to each Distribution Date, the sum of (i) the Regular Principal Distribution Amount, plus (ii) for each Distribution Date for which the related Due Period occurred during the Funding Period and for each Distribution Date thereafter if the Overcollateralization Amount is less than the Required Overcollateralization Amount, the Excess Spread, if any, plus (iii) if the remaining amount in the Pre-Funding Account at the end of the Funding Period is less than or equal to $50,000, then such remaining amount.

Noteholders' Monthly Principal Distributable Amount means, with --------------------------------------------------- respect to any Distribution Date, the Noteholders' Percentage of the Principal Distribution Amount.

Noteholders' Monthly Principal Distributable Amount. With respect to each Distribution Date, the amount equal to the sum of the following amounts (without duplication) with respect to the immediately preceding Due Period: (i) that portion of all Payments received on Home Loans allocable to principal, including all full and partial principal prepayments (excluding such payments in respect of such Home Loans that became Defaulted Home Loans on or prior to the end of the preceding Due Period), (ii) the Principal Balance as of the end of the immediately preceding Due Period of each Home Loan that became a Defaulted Home Loan for the first time during the such Due Period, (iii) the portion of the Purchase Price allocable to principal of all Defective Loans with respect to such Due Period and the portion of the purchase amount, if any, set forth in 11.01(b) allocable to principal with respect to the Home Loans, (iv) any Substitution Adjustments deposited to the Note Distribution Account pursuant to Section 3.05 on the previous Determination Date, and (v) the amount of Distributable Excess Spread, if any, in respect of such Distribution Date.