Additional Balance Advance Amount definition

Additional Balance Advance Amount. As to any Payment Date during the Managed Amortization Period, the excess, if any, of (i) the aggregate principal amount of all Additional Balances created during the Collection Period relating to such Payment Date over (ii) the Principal Collections in respect of the Mortgage Loans received during the Collection Period relating to such Payment Date.
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Additional Balance Advance Amount means, with respect to any Payment Date, (a) the sum of (i) the excess, if any, of (1) the aggregate principal amount of Additional Balances conveyed to the Trust Estate during the related Collection Period, over (ii) Group 2 Principal Collections applied to purchase such Additional Balances from the Custodial Account and (b) the excess of (i) any Additional Balance Advance Amount remaining unreimbursed from a prior payment date, over (ii) all amounts distributed to the Class G Certificateholders pursuant to Section 5.01(a) of the Trust Agreement other then amounts in respect of the Additional Balance Advance Interest Distribution Amount. The Additional Balance Advance Amount shall be evidenced by the Class G Certificates. In no event shall Excluded Amounts constitute a part of the Additional Balance Advance Amount.
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Additional Balance Advance Amount. As to any Payment Date the sum of (a) the excess, if any, of (i) the aggregate principal amount of all Additional Balances in respect of the Mortgage Loans created during the Collection Period relating to such Payment Date over (ii) Group I Principal Remittance Amount and the Group II Principal Remittance Amount relating to such Payment Date, and (b) the Additional Balance Advance Amounts remaining unreimbursed to the Holder of the Class G Certificates pursuant to Section 5.03(b)(IV)(i), Section 5.03(b)(V)(i), Section 5.03(b)(VII)(i) and Section 5.03(b)(VIII)(i) of this Agreement from the prior Payment Date.
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Examples of Additional Balance Advance Amount in a sentence

  • The Servicer hereby acknowledges that the Additional Balance Advance Amount is only reimbursable pursuant to the terms of the Indenture and the Trust Agreement and that such amounts shall constitute an advance on behalf of the Issuer and that the Servicer does not own any interest in the related Loan.

  • Additional Balances comprising the Additional Balance Advance Amount shall be an asset of the Trust Estate but not be an asset of REMIC I or REMIC II.

  • Notwithstanding the foregoing, Additional Balances comprising the Additional Balance Advance Amount shall not be an asset of REMIC I, REMIC II or REMIC III but shall be an asset of the Trust Fund.

  • PNC hereby acknowledges that the Additional Balance Advance Amount is only reimbursable pursuant to the terms of the Indenture and the Trust Agreement and that such amounts shall constitute an advance on behalf of the Issuer and that PNC does not own any interest in the related Loan.

  • On each Payment Date from amounts on deposit in the Payment Account (after payment of the amounts described in Section 6.07), the Indenture Trustee shall pay the Certificate Paying Agent on behalf of the Class G Certificateholders from Group 2 Principal Collections to, an amount equal to the lesser of the Additional Balance Advance Amount, if any, as of such Payment Date and the Group 2 Principal Collections for such Payment Date.

  • Notwithstanding the foregoing, Additional Balances comprising the Additional Balance Advance Amount shall not be an asset of REMIC I or REMIC II but shall be an asset of the Trust Fund.

  • On each Payment Date, the Securities Administrator will remit to the Certificate Paying Agent on behalf of the Class G Certificates from Principal Funds for that Payment Date, prior to any distributions set forth below, an amount equal to the lesser of the Principal Funds (other than amounts reinvested in draws on the HELOCs) and the Additional Balance Advance Amount, if any, as of that Payment Date.

  • The party making an Additional Balance Advance Amount will be entitled to reimbursement for such amounts in the order of priority described under "Priority of Distributions." HELOCs are generally subject to a ten year repayment period following the end of the related Draw Period during which the outstanding principal balance of the Mortgage Loan will be repaid in monthly installments equal to 1/120 of the outstanding principal balance as of the end of such Draw Period.

  • The segregated pool of assets consisting of the portion of the Trust Estate relating to the Group 2 Loans (but excluding the Additional Balance Advance Amount) with respect to which a REMIC election is to be made.

  • Additional Balances comprising the Additional Balance Advance Amount shall be an asset of the Trust Estate but not be an asset of [REMIC IIA, REMIC IIB or REMIC IIC].


More Definitions of Additional Balance Advance Amount

Additional Balance Advance Amount. As to any Payment Date during the Managed Amortization Period, the difference, if any, between (a) the aggregate excess, if any, for all prior Payment Dates of (i) the aggregate principal amount of all Additional Balances created during the Collection Period relating to each such Payment Date over (ii) Principal Collections in respect of the Mortgage Loans relating to each such Payment Date, and (b) the aggregate Additional Balance Advance Amounts paid to the Holder of the Class L Certificates on all prior Payment Dates pursuant to Section 5.03(b)(iii) of this Agreement. As to any Payment Date during the Rapid Amortization Period, zero.
Sample 1
Additional Balance Advance Amount means, with respect to any Payment Date during the Managed Amortization Period, the sum of (a) the excess, if any, of (1) the aggregate principal amount of Additional Balances conveyed to the Issuing Entity during the related Collection Period, over (2) related Principal Collections applied to purchase such Additional Balances and (b) any Additional Balance Advance Amount remaining unreimbursed from the prior Payment Date. The Additional Balance Advance Amount shall be evidenced by the Class G Certificates. With respect to any Payment Date during a Rapid Amortization Period, the Additional Balance Advance Amount for any such Payment Date shall only equal the amount noted in clause (b) above as reduced by any amounts paid to the Class G Certificates in respect of principal prior to the related Payment Date during the Rapid Amortization Period, pursuant to Section 5.01(a) of the Trust Agreement. In no event shall Excluded Amounts constitute a part of the Additional Balance Advance Amount.
Sample 1
Additional Balance Advance Amount means, with respect to the Group 2 Loans and any Payment Date during the Managed Amortization Period, the sum of (a) the excess, if any, of (1) the aggregate principal amount of Additional Balances conveyed to the Issuing Entity during the related Collection Period, over (2) related Principal Collections applied to purchase such Additional Balances and (b) any Additional Balance Advance Amount remaining unreimbursed from the prior Payment Date. The Additional Balance Advance Amount shall be evidenced by the Class G Certificates. With respect to the Group 2 Loans and any Payment Date during a Rapid Amortization Period, the Additional Balance Advance Amount for any such Payment Date shall only equal the amount noted in clause (b) above as reduced by any amounts paid to the Class G Certificates in respect of principal prior to the related Payment Date during the Rapid Amortization Period, pursuant to Section 5.01(a) of the Trust Agreement. In no event shall Excluded Amounts constitute a part of the Additional Balance Advance Amount.
Sample 1
Additional Balance Advance Amount. As to any Payment Date the sum of (a) the excess, if any, of (i) the aggregate principal amount of all Additional Balances in respect of the Mortgage Loans created during the Collection Period relating to such Payment Date over (ii) Principal Remittance Amount in respect of the Mortgage Loans relating to such Payment Date, and (b) the Additional Balance Advance Amounts remaining unreimbursed to the Holder of the Class G Certificates pursuant to Section 5.03(b)(II)(i) and Section 5.03(b)(III)(i) of this Agreement from the prior Payment Date.
Sample 1
Additional Balance Advance Amount. As to any Payment Date during the Managed Amortization Period, the difference, if any, between (a) the aggregate excess, if any, for all prior Payment Dates of (i) the aggregate principal amount of all Additional Balances in respect of the Mortgage Loans created during the Collection Period relating to each such Payment Date over (ii) Principal Collections in respect of the Mortgage Loans relating to such Payment Date, and (b) the aggregate Additional Balance Advance Amounts paid to the Holder of the Class L Certificates on all prior Payment Dates pursuant to Section 5.03(b)(iii) of this Agreement. As to any Payment Date during the Rapid Amortization Period, zero.
Sample 1

Related to Additional Balance Advance Amount

  • Additional Balance as to any Mortgage Loan means the aggregate amount of all additional borrowings by the mortgagor under the relevant Credit Line Agreement after the Cut-off Date for the Mortgage Loan.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Class A Note Initial Principal Balance means $750,000,000.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Class B Note Initial Principal Balance means $17,980,000.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.