Basis Risk Carryover Amount. With respect to each Class of LIBOR Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Interest Rate for any Class of LIBOR Certificates is based upon the Group I Available Funds Cap, the Group II Available Funds Cap or the Class M Available Funds Cap, as applicable, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such Interest Rate been calculated as the sum of LIBOR and the applicable Interest Margin on such Class of Certificates for such Distribution Date, over (ii) the amount of interest payable on such Class of Certificates, in the case of any Group I Certificates, based on the Group I Available Funds Cap, in the case of any Group II Certificates, based on the Group II Available Funds Cap and in the case of any Class of Class M Certificates, based on the Class M Available Funds Cap and (B) the portion of any such excess described in clause (A) for such Class of Certificates from all previous Distribution Dates not previously paid, together with interest thereon at a rate equal the applicable Interest Rate for each such Class of Certificates for such Distribution Date.
Basis Risk Carryover Amount. With respect to each Class of LIBOR Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Interest Rate for any Class of LIBOR Certificates is based upon the Group I Available Funds Cap, the Group II Available Funds Cap or the Class M Available Funds Cap, as applicable, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated (x) as the sum of LIBOR and the applicable Interest Margin on such Class of Certificates for such Distribution Date, over (ii) the amount of interest payable on such Class of Certificates at, with respect to the Class I-A Certificates, the Group I Available Funds Cap, at, with respect to the Class II-A-1, Class II-A-2, Class II-A-3 and Class II-A-4 Certificates, the Group II Available Funds Cap, and at, with respect to any Class M Certificate, the Class M Available Funds Cap, as applicable, for such Distribution Date and (B) the portion of any such excess described in clause (A) for such Class of Certificates from all previous Distribution Dates not previously paid, together with interest thereon at a rate equal the applicable Interest Rate for each such Class of Certificates for such Distribution Date. With respect to the Interest-Only Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Interest Rate of the Interest-Only Certificates is based on the Class A-IO Available Funds Cap, the excess of (i) the amount of interest that the Interest-Only Certificates would otherwise have been entitled to receive on such Distribution Date had the Interest Rate equaled 1.50% per annum over (ii) the amount of interest payable on the Interest-Only Certificates if subject to the Class A-IO Available Funds Cap for such Distribution Date and (B) the portion of such excess described in clause (A) for the Interest-Only Certificates from all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to 1.50% per annum.
Basis Risk Carryover Amount. With respect to any Distribution Date, the sum of the Basis Risk Excess for such Distribution Date and any Basis Risk Excess which remains unpaid from prior Distribution Dates.
Examples of Basis Risk Carryover Amount in a sentence
Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk Carryover Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(E).
Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk Carryover Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(D).
Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk Carryover Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(C) and (D).
Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk Carryover Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02[ ].
Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk Carryover Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(C)-(D).
More Definitions of Basis Risk Carryover Amount
Basis Risk Carryover Amount. With respect to the Class [___] Certificates, an amount equal to the sum of (i) the excess of (x) the amount of interest the Class [___] Certificates would have been entitled to receive on such Distribution Date had the Pass-Through Rate applicable to the Class [___] Certificates for such Distribution Date been equal to One-Month LIBOR plus [___]% per annum over (y) the amount of interest paid on such Distribution Date at a rate equal to [___]% per annum and (ii) the Basis Risk Carryover Amount for the previous Distribution Date not previously distributed, together with interest thereon at a rate equal to the Pass-Through Rate applicable to the Class [___] Certificates for the most recently ended Interest Accrual Period determined without taking into account the fixed rate set forth in clause (y) above.
Basis Risk Carryover Amount. As to any Distribution Date on which the Class A Pass-Through Rate or the Class B Pass-Through Rate is calculated based on the Alternate Certificate Rate, the excess of:
Basis Risk Carryover Amount. With respect to each Class of LIBOR Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Interest Rate for any Class of LIBOR Certificates is based upon the Available Funds Cap, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated (x) as the sum of LIBOR and the applicable Interest Margin on such Class of Certificates for such Distribution Date, over (ii) the amount of interest payable on such Class of Certificates at the Available Funds Cap for such Distribution Date and (B) the portion of any such excess described in clause (A) for such Class of Certificates from all previous Distribution Dates not previously paid, together with interest thereon at a rate equal the applicable Interest Rate for each such Class of Certificates for such Distribution Date.
Basis Risk Carryover Amount. With respect to the Class I-A-1 Certificates, an amount equal to the sum of (i) the excess of (x) the amount of interest the Class I-A-1 Certificates would have been entitled to receive on such Distribution Date had the Pass-Through Rate applicable to the Class I-A-1 Certificates for such Distribution Date been equal to One-Month LIBOR plus 0.42% per annum over (y) the amount of interest paid on such Distribution Date at a rate equal to 5.500% per annum and (ii) the Basis Risk Carryover Amount for the previous Distribution Date not previously distributed, together with interest thereon at a rate equal to the Pass-Through Rate applicable to the Class I-A-1 Certificates for the most recently ended Interest Accrual Period determined without taking into account the fixed rate set forth in clause (y) above.
Basis Risk Carryover Amount. With respect to each Class of LIBOR and Fixed Rate Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Interest Rate for any Class of LIBOR or Fixed Rate Certificates is based upon the Available Funds Cap, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such Interest Rate not been subject to the Available Funds Cap, over (ii) the amount of interest payable on such Class of Certificates for such Distribution Date based on the Available Funds Cap and (B) the portion of any such excess described in clause (A) for such Class of Certificates from all previous Distribution Dates not previously paid, together with interest thereon at a rate equal the applicable Interest Rate for each such Class of Certificates for such Distribution Date.
Basis Risk Carryover Amount. With respect to the Class [ ] Certificates, an amount equal to the sum of (i) the excess of (x) the amount of interest the Class [ ] Certificates would have been entitled to receive on such Distribution Date had the Pass-Through Rate applicable to the Class [ ] Certificates for such Distribution Date been equal to One-Month LIBOR plus [ ]% per annum over (y) the amount of interest paid on such Distribution Date at a rate equal to [ ]% per annum and (ii) the Basis Risk Carryover Amount for the previous Distribution Date not previously distributed, together with interest thereon at a rate equal to the Pass-Through Rate applicable to the Class [ ] Certificates for the most recently ended Interest Accrual Period determined without taking into account the fixed rate set forth in clause (y) above.
Basis Risk Carryover Amount. As of any Distribution Date and for the Class --------------------------- A Certificates is equal to the sum of (a) if on such Distribution Date the Pass- Through Rate for the Class A Certificates is based upon the Available Funds Cap, the excess of (i) the amount of interest the Class A Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated at the Formula Pass-Through Rate for such Distribution Date, over (ii) the amount of interest payable on the Class A Certificates at the Available Funds Cap for such Distribution Date and (b) the unpaid Basis Risk Carryover Amount immediately following the preceding Distribution Date with interest thereon at the Formula Pass-Through Rate applicable to the current Distribution Date. BBA: British Banker's Association. ---