Amounts For Future Distribution definition
Amounts For Future Distribution. As to any Distribution Date, the aggregate amount held in the related Collection Account (with respect to the Servicer) or the Servicing Administrator Collection Account (with respect to the Servicing Administrator) at the close of business on the immediately preceding Determination Date on account of (i) all Scheduled Payments or portions thereof received in respect of the Mortgage Loans due after the related Due Period and (ii) Principal Prepayments and Liquidation Proceeds received in respect of the Mortgage Loans after the last day of the related Prepayment Period.
Amounts For Future Distribution. As to any Distribution Date, the aggregate amount held in the related Collection Account (with respect to the Servicer) or the Master Servicer Collection Account (with respect to the Master Servicer) at the close of business on the immediately preceding Determination Date on account of (i) all Scheduled Payments or portions thereof received in respect of the Mortgage Loans due after the related Collection Period and (ii) Principal Prepayments received in respect of the Mortgage Loans after the last day of the related Prepayment Period and Liquidation Proceeds received in respect of the Mortgage Loans after the last day of the related Collection Period.
Examples of Amounts For Future Distribution in a sentence
In addition, the Servicer shall have the right to reimburse itself for any such Advance made by it from its own funds from Amounts For Future Distribution.
In addition, a Servicer shall have the right to reimburse itself for any such Advance made by it from its own funds from Amounts For Future Distribution.