Deficiency Amount Sample Clauses
Deficiency Amount. On each Determination Date, with respect to the related Distribution Date (the "current Distribution Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for the current Distribution Date,
(ii) any Monthly Interest for any prior Distribution Dates not distributed to the Certificateholders on a prior Distribution Date,
(iii) Additional Interest, if any, for the current Distribution Date and any Additional Interest for any prior Distribution Date not distributed to the Certificateholders on such prior Distribution Date (but only to the extent permitted by applicable law),
(iv) the Certificateholders' Monthly Servicing Fee for the current Distribution Date,
(v) the Investor Default Amount for the current Distribution Date, and
(vi) the Series [ ] Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date exceeds
(b) the sum of Investor Non-Principal Collections for the current Distribution Date plus any Investment Proceeds, if any, with respect to such Distribution Date.
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. 22 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections...................................23 SECTION 4.07. Application of Reserve Fund and Available Subordinated Amount.....................................26 SECTION 4.08. Investor Charge-Offs..............................................................................27
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. 19 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections..................................................20 SECTION 4.07. Distributions to Series 2001-A Certificateholders.............21 SECTION 4.08. Application of Reserve Fund and Available Subordinated Amount...............................23 SECTION 4.09. Investor Charge-Offs. .......................................24 SECTION 4.10. Excess Servicing. ...........................................24 SECTION 4.11. Excess Principal Collections..................................25 SECTION 4.12. Excess Funding Account........................................25 SECTION 4.13. Accumulation Period Length; Accumulation Period Commencement Date...............................27 ARTICLE V Distributions and Reports to Series 2001-A Certificateholders SECTION 5.01. Distributions.................................................27 SECTION 5.02. Reports and Statements to Series 2001-A Certificateholders....27
Deficiency Amount. 24 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections........................................ 25
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. 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.
Deficiency Amount. As to any Determination Date and the related Distribution Date, an amount equal to the sum of (a) the amount by which the sum of the Noteholders' Interest Distributable Amount for each Class of Notes for such related Distribution Date exceeds the amount on deposit in the Note Distribution Account available to be distributed therefor on such Distribution Date (without taking into account any Insured Payments to be made relating to such Distribution Date) and (b) the Noteholders' Guaranteed Principal Distribution Amount for such Distribution Date.