Basis Risk Carryforward for any Payment Date and Class of Principal Amount Notes means the sum of o Basis Risk Carryforward for that Class of Principal Amount Notes remaining unpaid from prior Payment Dates, o in any Interest Period in which the related Note Rate is the related Maximum Rate, the excess of
Basis Risk Carryforward for any Payment Date and Interest Period for which the related Note Rate has been determined pursuant to the Weighted Average Net Loan Rate means the excess of (a) the amount of interest that would have accrued on the Notes during the related Interest Period had interest been determined pursuant to the Interest Formula Rate over (b) the interest actually accrued at the related Note Rate on the Notes during the Interest Period. Basis Risk Carryforward will not be included in interest payments on the Notes for the Payment Date and will accrue interest at the Interest Formula Rate (as adjusted from time to time) and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(ix).
Basis Risk Carryforward for any Payment Date means the sum of o Basis Risk Carryforward remaining unpaid from prior Payment Dates, o in any Interest Period in which the related Note Rate has been determined pursuant to the Weighted Average Net Loan Rate, the excess of (a) the amount of interest that would have accrued on the Notes during the related Interest Period had interest been determined pursuant to the Interest Formula Rate over (b) the interest actually accrued at the related Note Rate on the Notes during the Interest Period, and o interest at the Interest Formula Rate (as adjusted from time to time) on Basis Risk Carryforward remaining unpaid from prior Payment Dates for the period from previous Payment Date to the current the Payment Date. Basis Risk Carryforward will not be included in interest payments on the Notes for any Payment Date for which an addition to Basis Risk Carryforward is created and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(xi).
Examples of Basis Risk Carryforward in a sentence
All funds on deposit in the Basis Risk Carryforward Reserve Fund shall be held separate from, and not commingled with, any other money, including other money held by the Indenture Trustee pursuant to this Indenture.
At the earlier of the retirement of the Principal Amount Notes and the termination of the Trust in accordance with Section 10.01, the Indenture Trustee shall distribute to the Depositor all monies remaining on deposit in the Basis Risk Carryforward Reserve Fund after making the distributions specified in Section 8.03(f).
The Indenture Trustee shall make withdrawals from the Basis Risk Carryforward Reserve Fund for distribution to the Principal Amount Notes in the manner specified in Section 8.03(f).
The Class C Certificates shall evidence ownership of the Basis Risk Carryforward Reserve Fund for federal tax purposes.
The Basis Risk Carryforward Reserve Fund will not be an asset of any REMIC created under the Trust Agreement.
More Definitions of Basis Risk Carryforward
Basis Risk Carryforward for any Payment Date and Class of Notes means the sum of o Basis Risk Carryforward for that Class of Notes remaining unpaid from prior Payment Dates, o in any Interest Period in which the related Note Rate is the related Maximum Rate, the excess of (a) the amount of interest that would have accrued on that Class of Notes during the related Interest Period had interest been determined pursuant to the related Interest Formula Rate over (b) the interest actually accrued at the related Note Rate on that Class of Notes during the Interest Period, and o interest at the related Interest Formula Rate (as adjusted from time to time) on Basis Risk Carryforward for that Class of Notes remaining unpaid from prior Payment Dates for the period from previous Payment Date to the current the Payment Date. Basis Risk Carryforward will not be included in interest payments on the Notes for any Payment Date for which an addition to Basis Risk Carryforward is created and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(xii).
Basis Risk Carryforward for any Payment Date and Interest Period for which the related Note Rate for a Class of Notes has been determined pursuant to the related Weighted Average Net Loan Rate means the excess of (a) the amount of interest that would have accrued on that Class of Notes during the related Interest Period had interest been determined pursuant to the applicable Interest Formula Rate over (b) the interest actually accrued at the related Note Rate on that Class of Notes during the Interest Period. Basis Risk Carryforward will not be included in interest payments on the Notes for the Payment Date and will accrue interest at the applicable Interest Formula Rate (as adjusted from time to time) and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(xi).
Basis Risk Carryforward. For any Distribution Date and Interest Period ----------------------- for which the related Investor Certificate Rate for a Class has been determined pursuant to the Maximum Rate, the excess of (a) the amount of interest that would have accrued on the related Class of Investor Certificates during the related Interest Period had such amount been determined pursuant to the applicable Interest Formula Rate over (b) the interest actually accrued at the related Investor Certificate Rate on the related Class of Investor Certificates during such Interest Period. Basis Risk Carryforward will not be included as interest payments on the related Class of Investor Certificates for such Distribution Date and such amount will accrue interest at the related Interest Formula Rate (as adjusted from time to time) and will be paid on future Distribution Dates only to the extent funds are available therefor as set forth in Section 5.01 of this Agreement.
Basis Risk Carryforward for any Payment Date and Class of Notes means the sum of o Basis Risk Carryforward for that Class of Notes remaining unpaid from prior Payment Dates, Ann-1-3 o in any Interest Period in which the relaxxx Note Rate is the related Maximum Rate, the excess of
Basis Risk Carryforward for any Payment Date and Class of Notes means the sum of o Basis Risk Carryforward for that Class of Notes remaining unpaid from prior Payment Dates, o in any Interest Period in which the related Note Rate has been determined pursuant to the Weighted Average Net Loan Rate, the excess of (a) the amount of interest that would have accrued on that Class of Notes during the related Interest Period had interest been determined pursuant to the related Interest Formula Rate over (b) the interest actually accrued at the related Note Rate on that Class of Notes during the Interest Period, and o interest at the related Interest Formula Rate (as adjusted from time to time) on Basis Risk Carryforward for that Class of Notes remaining unpaid from prior Payment Dates for the period from previous Payment Date to the current the Payment Date. Basis Risk Carryforward will not be included in interest payments on the Notes for any Payment Date for which an addition to Basis Risk Carryforward is created and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(xi).
Basis Risk Carryforward for each Class A Note Interest Period and the related Payment Date for which the Class A Note Rate has been determined pursuant to the Weighted Average Net Loan Rate, means the excess of (a) the amount of interest that would have accrued on the Class A Notes during that Class A Note Interest Period had interest been determined pursuant to the Interest Formula Rate over (b) the interest actually accrued at the Class A Note Rate on the Class A Notes during that Class A Note Interest Period. Basis Risk Carryforward will not be included in interest payments on the Class A Notes for the related Payment Date but will accrue interest at the Interest Formula Rate (as adjusted from time to time) and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(iv).
Basis Risk Carryforward for any Payment Date means the sum of o Basis Risk Carryforward remaining unpaid from prior Payment Dates, o in any Interest Period in which the related Note Rate is the Maximum Rate, the excess of (a) the amount of interest that would have accrued on the Notes during the related Interest Period had interest been determined pursuant to the Interest Formula Rate over (b) the interest actually accrued at the related Note Rate during the Interest Period, and o interxxx at the Interest Formula Rate (as adjusted from time to time) on Basis Risk Carryforward remaining unpaid from prior Payment Dates for the period from previous Payment Date to the current the Payment Date. Basis Risk Carryforward will not be included in interest payments on the Notes for any Payment Date for which an addition to Basis Risk Carryforward is created and will be paid on future Payment Dates only to the extent funds are available therefor under Section 8.03(a)(ix).