Guaranteed Distributions

Example Definitions of "Guaranteed Distributions"
Guaranteed Distributions. Means, with respect to each Distribution Date, the distribution to be made to Holders of the Certificates in an aggregate amount equal to (i) the Accrued Certificate Interest Distribution Amount with respect to the Certificates for each Distribution Date, (ii) any Class A Principal Parity Amount and (iii) the Class Certificate Balance of the Certificates to the extent unpaid on the Final Scheduled Distribution Date or earlier termination of the Trust pursuant to... the terms of the Pooling and Servicing Agreement, after giving effect to all other amounts due to the Certificates, in each case in accordance with the original terms of the Certificates when issued and without regard to any amendment or modification of the Certificates or the Pooling and Servicing Agreement except amendments or modifications to which Financial Security has given its prior written consent. Guaranteed Distributions shall not include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge imposed by any governmental authority due in connection with the payment of any Guaranteed Distribution to a Holder. View More Arrow
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