Adjustable Rate Loan Group Excess Cashflow definition

Adjustable Rate Loan Group Excess Cashflow. With respect to any Distribution Date the sum of (i) the amount remaining after the distribution of interest to Certificateholders for such Distribution Date pursuant to Section 4.04(b)(iii)(j), and (ii) the amount remaining after the distribution of principal to Certificateholders for such Distribution Date, pursuant to Section 4.04(d)(1)(B)(x) or 4.04(d)(2)(K).
Adjustable Rate Loan Group Excess Cashflow. With respect to any Distribution Date the sum of (i) the amount remaining after the distribution of interest to Certificateholders and the payment of the Class 1-AV-1 Guaranty Fee and the Class 1-AV-1 Guarantor Xxxxxxxxxxxxx Xxxxxx xx xxx Xxxxxxxxx, xx xxxx xxxx xxx xxxx Xxxxxxxxxxxx Xxxe, pursuant to Section 4.04(b)(iii)(j), and (ii) the amount remaining after the distribution of principal to Certificateholders and the payment of any unpaid Class 1-AV-1 Guaranty Fee and unpaid Class 1-AV-1 Guarantor Reimbursement Amount to the Guarantor, in each case for such Distribution Date, pursuant to Section 4.04(d)(1)(B)(x) or 4.04(d)(2)(B)(x).
Adjustable Rate Loan Group Excess Cashflow. With respect to any Distribution Date the sum of (i) the amount remaining after the distribution of interest to Certificateholders and the payment of monthly premium for the Class 1-AV-1 Policy and any Class 1-AV-1 Reimbursement Amount to the Class 1-AV-1 Insurer, in each caxx xxx xxxx Xxxxxxxxtion Date pursuant to Section 4.04(b)(iii)(j), and (ii) the amount remaining after the distribution of principal to Certificateholders and the payment of any unpaid monthly premium for the Class 1-AV-1 Policy and any unpaid Class 1-AV-1 Reimbursement Amount to the Class 1-AV-1 Insurer, in each caxx xxx xxxx Xxxxxxxxtion Date pursuant, to Section 4.04(d)(1)(B)(x) or 4.04(d)(2)(L).

More Definitions of Adjustable Rate Loan Group Excess Cashflow

Adjustable Rate Loan Group Excess Cashflow. With respect to any Distribution Date the sum of (i) the amount remaining after the distribution of interest to Certificateholders, the payment of the Class 1-AV-1 Guaranty Fee and any Class 1-AV-1 Guarantor Reimbursement Amount to the Guarantor and the payment of the monthly premium for the Class 1-AV-1 Policy and any Class 1-AV-1 Policy Reimbursement Amount to the Class 1-AV-1 Insurer, in each case for such Distribution Date, pursuant to Section 4.04(b)(iii)(j), and (ii) the amount remaining after the distribution of principal to Certificateholders, the payment of any unpaid Class 1-AV-1 Guaranty Fee and any unpaid Class 1-AV-1 Guarantor Reimbursement Amount to the Guarantor and the payment of any unpaid monthly premium for the Class 1-AV-1 Policy and any unpaid Class 1-AV-1 Policy Reimbursement Amount to the Class 1-AV-1 Insurer, in each case for such Distribution Date, pursuant to Section 4.04(d)(1)(B)(x) or 4.04(d)(2)(B)(x).

Related to Adjustable Rate Loan Group Excess Cashflow

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Available Funds Rate With respect to any Payment Date and the Notes, the per annum rate equal to the product of (1) (a) 360 divided by (b) the actual number of days in the Accrual Period, and (2) (a) Interest Funds for such Payment Date, divided by (b) the aggregate Class Principal Amount of the Notes as of the first day of the related Accrual Period.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.