Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due but not deposited in the Interest Funding Account on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a prior Distribution Date,
(iv) the Certificateholders Monthly Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,
(vi) the Series 1996-2 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date and,
(vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Deficiency Amount. 21 SECTION 4.6 Application of Investor Non-Principal Collections, Investment Proceeds, Servicer Advances and Available Investor Principal Collections.............................21 SECTION 4.7 Distributions to Series 2000-3 Certificateholders..........................................24 SECTION 4.8 Application of Reserve Fund................................................................26 SECTION 4.9 Investor Charge-Offs.......................................................................26 SECTION 4.10 Excess Servicing...........................................................................27 SECTION 4.11 Excess Principal Collections...............................................................27 SECTION 4.12
Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which (a) the sum of (i) Monthly Interest for such Distribution Date, (ii) Monthly Interest previously due but not distributed to the Series 1995-1 Master Custodial Certificateholders on a prior Distribution Date, (iii) Additional Interest Amount, if any, for such Distribution Date and any Additional Interest Amount previously due but not distributed to the Series 1995-1 Master Custodial Certificateholders on a prior Distribution Date, (iv) the Series 1995-1 Monthly Servicing Fee, if any, for such Distribution Date, (v) the Investor Default Amount, if any, for such Distribution Date, (vi) the Series 1995-1 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, and (vii) if such Distribution Date constitutes the earlier of the Final Payment Date and the Termination Date, the sum of (A) the amount of any Carry-over Amount for such Distribution Date, (B) the amount of any Carry-over Amount previously due but not previously distributed to relevant Series 1995-1 Certificateholders on a prior Distribution Date, (C) the amount of any Additional Carry-over Amount for such Distribution Date and (D) the amount of any Additional Carry-over Amount previously due but not previously paid to relevant Series 1995-1 Certificateholders on a prior Distribution Date, in each case that will not be satisfied on such date by application, pursuant to Section 4.8(c), of amounts on deposit in the Yield Supplement Account, exceeds (b) the sum of (i) Investor Non-Principal Collections for such Distribution Date, Available Seller's Non-Principal Collections for such Distribution Date and any Investment Proceeds with respect to such Distribution Date and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.8(a) to cover any portion of the Deficiency Amount. The lesser of the Deficiency Amount and the Available Subordinated Amount shall be the "Required Subordination Draw Amount".
Deficiency Amount. For the avoidance of doubt, the Master Servicer shall only calculate Collateral Deficiency Amounts with respect to Outside Serviced Mortgage Loans. The Certificate Balance of each Class of applicable Principal Balance Certificates shall be notionally reduced (for purposes of determining the identity of the Non-Reduced Certificates and the Controlling Class, as well as the occurrence of a Control Termination Event or an Operating Advisor Consultation Trigger Event, and, to the extent expressly set forth herein, for purposes of allocating and/or exercising Voting Rights in connection with certain circumstances involving the termination of certain parties hereto) as of any date of determination to the extent of the Appraisal Reduction Amount(s) allocated to such Class on the preceding Distribution Date. An amount equal to the Vertically Retained Percentage of the aggregate Appraisal Reduction Amount for any Distribution Date shall be applied to notionally reduce (to not less than zero) the Certificate Balance of the VRR Interest. The Non-Vertically Retained Percentage of the aggregate Appraisal Reduction Amount for any Distribution Date shall be applied to notionally reduce the Certificate Balances of the following Classes of Certificates in the following order of priority: first, to the Class NR-RR Certificates; second, to the Class J-RR Certificates; third, to the Class G-RR Certificates; fourth, to the Class F-RR Certificates; fifth, to the Class E Certificates; sixth, to the Class D Certificates; seventh, to the Class C Certificates; eighth, to the Class B Certificates; ninth, to the Class A-S Certificates; and finally, pro rata to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, (iv) Class A-4 Certificates and (v) Class A-AB Certificates, based on their respective Certificate Balances (provided in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero). In addition, as of any date of determination for purposes of determining the Controlling Class or the occurrence of a Control Termination Event or an Operating Advisor Consultation Trigger Event, and after taking into account the allocations contemplated by the prior sentence, the Non-Vertically Retained Percentage of Collateral Deficiency Amounts shall be applied to notionally reduce the Certificate Balances of each Class of the Control Eligible of Certificates in the following order of priority (in each case after...
Deficiency Amount. Not applicable.
Deficiency Amount. With respect to each Payment Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of (i) Monthly Interest for such Payment Date; any Rated Variable Funding Increased Costs Amounts for such Payment Date; (iii) the Noteholders' Monthly Servicing Fee for such Payment Date, unless waived; and (iv) the sum of the Investor Defaulted Amount and the Monthly Dilution Amount for such Payment Date (such sum being the "Required Amount" for that Payment Date), exceeds
(b) the sum of (i) the Investor Non-Principal Collections for such Payment Date plus any Investment Proceeds, if any, with respect to such Payment Date; and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.7(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Deficiency Amount. 24 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections........................................ 25
Deficiency Amount. 24 SECTION 4.6 Application of Investor Non-Principal Collections, Available Seller's Non-Principal Collections, Investment Proceeds, Available Investor Principal Collections and Subordination of Class B Certificate........................................ 24 SECTION 4.7 Distributions to Series 1995-1 Master Custodial Certificateholders................................. 27 SECTION 4.8 Application of Reserve Fund, Available Subordinated Amount, Yield Supplement Account and Subordination of Class B Certificate........... 28 SECTION 4.9 Investor Charge-Offs............................... 31 SECTION 4.10 Excess Income...................................... 31 SECTION 4.11 Excess Principal Collections....................... 31 SECTION 4.12 Increases or Decreases in Invested Amount.......... 32 ARTICLE 5 Distributions and Reports to Series 1995-1 Master Custodial Certificateholders
Deficiency Amount. 23 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections.............................................................23 SECTION 4.07. Distributions to Series 2000-B Certificateholders..........................................25 SECTION 4.08. Application of Reserve Fund and Available Subordinated Amount..............................26 SECTION 4.09. Investor Charge-Offs.......................................................................27 SECTION 4.10. Excess Servicing...........................................................................27 SECTION 4.11. Excess Principal Collections...............................................................28 SECTION 4.12. Excess Funding Account.....................................................................28 SECTION 4.13. Accumulation Period Length; Accumulation Period Commencement Date..........................30
Deficiency Amount. As to any Distribution Date and Certificate Group, an amount equal to the sum of (a) the amount by which the Aggregate Interest Distribution for such Distribution Date and Certificate Group exceeds the amount on deposit in the related Distribution Account available to be distributed therefor on such Distribution Date and (b) the Class A Guaranteed Principal Distribution Amount for such Certificate Group for such Distribution Date.
