REMIC I Distribution Amount definition

REMIC I Distribution Amount. For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

REMIC I Distribution Amount shall not cause a further reduction in the Class Principal Balances of any of the REMIC I Regular Interests; and

REMIC I Distribution Amount shall not cause a reduction in the Class Principal Balances of the REMIC I Regular Interests. In addition to the foregoing, on each Distribution Date, the Class Principal Balance of the Class of Subordinate Certificates with the lowest priority then outstanding (and its Corresponding Class of REMIC II Regular Interests) shall be increased by an amount equal to the lesser of (i) the Subsequent Recoveries for such Distribution Date and (ii) the amount of Realized Losses allocated to such Class on previous Distribution Dates (the amount in this clause (ii) reduced by the amount, if any, by which such Class Principal Balance has been increased on prior Distribution Dates pursuant to this paragraph). The Class Principal Balance for the Class A-1A1 Certificates shall be referred to as the “Class A-1A1 Principal Balance,” the Class Principal Balance for the Class A-1A1-L Regular Interest shall be referred to as the “Class A-1A1-L Principal Balance” and so on. The Class Principal Balance for the Class X-L Regular Interest and the Class X Certificates shall be zero as of the Closing Date and shall increase after the Closing Date by the portion, if any, of Net Negative Amortization Amounts allocated to the Class X-L Regular Interest pursuant to the definition of “Net Negative Amortization Amount”.

Examples of REMIC I Distribution Amount in a sentence

On each Distribution Date, the Trustee shall cause the REMIC I Distribution Amount to be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be, in the amounts and with the priorities set forth in the definition of REMIC I Distribution Amount.
The parties hereto acknowledge that the Trust includes three separate pools of mortgage loans (referred to herein as Loan Groups), and that the assets of each Loan Group are available to make payments to the holders of Certificates as provided in the definitions of "REMIC I Distribution Amount" and "REMIC II Distribution Amount," Section 4.01 and Section 4.04 hereof.
The parties hereto acknowledge that the Trust includes two separate pools of mortgage loans (referred to herein as "Loan Groups") constituting subtrusts for ERISA purposes, and that the assets of each Loan Group are available to make payments to the holders of Certificates as provided in the definitions of "REMIC I Distribution Amount" and "REMIC II Distribution Amount," Section 4.01 and Section 4.04 hereof.
On each Distribution Date, the Trustee shall cause the REMIC I Distribution Amount to be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be , in the amounts and with the priorities set forth in the definition of REMIC I Distribution Amount.
Immediately thereafter, amounts held in the REMIC I Distribution Account shall be withdrawn or deemed to be withdrawn (to the extent of the Available Distribution Amount, the "REMIC I Distribution Amount") in the case of all Classes of REMIC I Regular Interests and distributed or deemed to be distributed on the REMIC I Regular Interests as set forth in Section 4.01(a)(ii) and distributed on the Class R-I Certificates as set forth in Section 4.01(a)(iii).

More Definitions of REMIC I Distribution Amount

REMIC I Distribution Amount shall not cause a reduction in the Class Principal Balance of the Class C-P-M Regular Interest;

REMIC I Distribution Amount first, to each Class of the REMIC I Regular Interests, up to the amount of unreimbursed Realized Losses allocable to principal previously allocated to each such Class, pro rata according such amount; provided, however, that any amounts distributed pursuant to this paragraph (c)(i) of this definition of “REMIC I Distribution Amount” shall not cause a further reduction in the Class Principal Balances of any of the REMIC I Regular Interests; and

REMIC I Distribution Amount. (I) For any Distribution Date prior to the Credit Support Depletion Date, the REMIC I Available Distribution Amount for such Distribution Date shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority, to the extent of the REMIC I Available Distribution Amount for such Distribution Date:

REMIC I Distribution Amount shall not cause a further reduction in the Class Principal Balances of the REMIC I Regular Interests or their Corresponding Classes. The Class Principal Balance for the Class A-1 Certificates shall be referred to as the "Class A-1 Principal Balance," the Class Principal Balance for the Class A-1-L Regular Interest shall be referred to as the "Class A-1-L Principal Balance" and so on.

REMIC I Distribution Amount. For any Distribution Date, the REMIC I Available Distribution Amounts shall be deemed distributed to REMIC III, as the holder of the REMIC I Regular Interests, and to Holders of the Class AR-L Certificates in respect of Component I thereof, pursuant to Section 4.01(III)(a), in the following amounts and priority:

REMIC I Distribution Amount shall not cause a reduction in the Class P-L Principal Balance;

REMIC I Distribution Amount first, to the Class P-M Regular Interests, the aggregate amount of any distributions to the related Class P-L Regular Interests pursuant to paragraphs (I)(d)(i) and (I)(d)(ii) of the definition of "REMIC II Distribution Amount" on such Distribution Date; provided, however, that any amounts distributed pursuant to this paragraph (c)(i) of this definition of "REMIC I Distribution Amount" shall not cause a further reduction in the Class Principal Balances of the Class P-M Regular Interests;

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