Class M Insured Principal Payment

Class M Insured Principal Payment. Shall mean, with respect to any Distribution Date other than the Final Insured Distribution Date and the Class M Certificates, the lesser of (i) the Class M Collateralization Deficit, if any, for such Distribution Date and (ii) the Applied Realized Loss Amount applied in reduction of the Certificate Principal Balance of the Class M Certificates on such Distribution Date (after taking into account any funds in the Interest Rate Hedge Payment Fund which are applied on such Distribution Date... towards the payment of such Applied Realized Loss Amount). With respect to the related Final Insured Distribution Date and the Class M Certificates, the aggregate Certificate Principal Balance of the Class M Certificates (after giving effect to all distributions to be made thereon on such Distribution Dateother than any portion thereof consisting of a Class M Insured Principal Payment). View More