Capitalized Interest Requirement with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Capitalized Interest Account.
Capitalized Interest Requirement. Conveyance Period", "Conveyance Period Distribution Date", "Remaining Non-PO Supplemental Loan Amount", "Remaining PO Supplemental Loan Amount", "Supplemental Amount", "Supplemental Cut-off Date", "Supplemental Loan Account", "Supplemental Mortgage Loan", "Supplemental Transfer Agreement" and "Supplemental Transfer Date" shall be of no force or effect and all provisions herein related thereto shall similarly be of no force or effect.
Capitalized Interest Requirement. With respect to each Conveyance Period Distribution Date, the excess, if any, of (a) the sum of (1) the amount calculated pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount for each Class of Certificates for such Distribution Date, plus (2) the Trustee Fee, over (b) with respect to each Mortgage Loan, (1) 1/12 of the product of the related Adjusted Mortgage Rate and the related Stated Principal Balance as of the related Due Date (prior to giving effect to any Scheduled Payment due on such Mortgage Loan on such Due Date) minus (2) any related reductions required by Section 4.02(d) hereof minus (3) the Excess Master Servicing Fee. On the Closing Date, the amount deposited in the Capitalized Interest Account shall be $0.00.
Examples of Capitalized Interest Requirement in a sentence
On the Closing Date the Seller shall remit the aggregate Capitalized Interest Requirement to the Trustee for deposit in the Capitalized Interest Account.
The recomputed Interest Coverage Amount shall be not less than the amount necessary to cover the Capitalized Interest Requirement for each remaining Payment Date in the Pre-Funding Period.
On the Closing Date, Countrywide shall remit the aggregate Capitalized Interest Requirement to the Trustee for deposit in the Capitalized Interest Account.
On or before the Payment Date until the Payment Date on or immediately following the Prefunding Termination Date, the Indenture Trustee shall, based on the Monthly Servicer Report, withdraw, to the extent available, from the Capitalized Interest Account for deposit into the Collection Account, an amount equal to the Capitalized Interest Requirement.
On each Distribution Account Deposit Date related to a Funding Period Distribution Date, the Trustee shall transfer from the Capitalized Interest Account to the Distribution Account an amount equal to the Capitalized Interest Requirement (which, to the extent required, may include investment earnings on amounts on deposit therein) for the related Distribution Date.
More Definitions of Capitalized Interest Requirement
Capitalized Interest Requirement. With respect to the May 2006 Distribution Date, an amount equal to 23 days of interest accruing at a per annum rate equal to the weighted average Pass-Through Rate of the Offered Certificates on the sum of the Prefunded Amount outstanding at the end of the related Collection Period and the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a first Due Date prior to May 1, 2006 transferred to the Trust during the related Collection Period. With respect to the June 2006 Distribution Date, an amount equal to interest accruing during the related Accrual Period at a per annum rate equal to the weighted average Pass-Through Rate of the Offered Certificates for such Distribution Date on the sum of the Prefunded Amount at the end of the related Collection Period and the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a first Due Date prior to June 1, 2006 transferred to the Trust during the related Collection Period. With respect to the July 2006 Distribution Date, an amount equal to interest accruing during the related Accrual Period at a per annum rate equal to the weighted average Pass-Through Rate of the Offered Certificates for such Distribution Date on the sum of the Prefunded Amount at the end of the related Collection Period and the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a first Due Date prior to July 1, 2006 transferred to the Trust during the related Collection Period. If the Capitalized Interest Requirement is insufficient to enable the Pooling REMIC to pay the Pooling REMIC Regular Interests their stated pass-through rates, the Class X Certificates will contribute any amounts necessary to pay the Pooling REMIC Regular Interests their stated pass-through rates. Any amounts contributed to the Subsidiary REMIC by the Class X Certificates will not be eligible to fund overcollateralization. Carryforward Interest: For any Class of LIBOR Certificates and Distribution Date, the sum of (1) the amount, if any, by which (x) the sum of (A) Current Interest for such Class for the immediately preceding Distribution Date and (B) any unpaid Carryforward Interest from the immediately preceding Distribution Date exceeds (y) the amount paid in respect of interest on such Class on such immediately preceding Distribution Date, and (2) with respect to the LIBOR Certificates, interest on such amount for the related Accrual Period at the applicable Pass-Through...
Capitalized Interest Requirement. With respect to each Conveyance Period Distribution Date and Loan Group the excess, if any, of (a) the sum of (1) the amount calculated pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount for each Class of Certificates (including, with respect to the Subordinated Certificates, the related Assumed Balance of each such Class) in the Certificate Group related to such Loan Group for such Distribution Date, plus (2) the Trustee Fee for such Loan Group for such Distribution Date, over (b) with respect to each Mortgage Loan in such Loan Group, (1) 1/12 of the product of the related Adjusted Mortgage Rate and the related Stated Principal Balance as of the related Due Date (prior to giving effect to any Scheduled Payment due on such Mortgage Loan on such Due Date) minus (2) any related reductions required by Section 4.02(d) hereof. On the Closing Date, the amount deposited in the Capitalized Interest Account shall be $488,957.29 of which shall be allocated $327,158.41 to Loan Group 1, $126,467.03 to Loan Group 2 and $35,331.85 to Loan Group 3.
Capitalized Interest Requirement. With respect to the January 2006 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the LIBOR Certificates at a per annum rate equal to (x) the weighted average Pass-Through Rate of the Offered Certificates and the Class B Certificates multiplied by (y) the Pre-Funded Amount outstanding at the end of the related Due Period. With respect to the February 2006 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the LIBOR Certificates at a per annum rate equal to (x) the weighted average Pass-Through Rate of the Offered Certificates and the Class B Certificates for such Distribution Date multiplied by (y) the sum of (c) the Pre-Funded Amount at the end of the related Due Period and (d) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a first Due Date prior to February 1, 2006, transferred to the Trust during the related Due Period. With respect to the March 2006 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the LIBOR Certificates at a per annum rate equal to (x) the weighted average Pass-Through Rate of the Offered Certificates and the Class B Certificates for such Distribution Date multiplied by (y) the sum of (c) the Pre-Funded Amount at the end of the related Due Period and (d) the aggregate Stated Principal Balance of the related Subsequent Mortgage Loans that do not have a first Due Date prior to March 1, 2006, transferred to the Trust during the related Due Period.
Capitalized Interest Requirement. Funding Period", "Funding Period Distribution Date", "Remaining Pre-funded Amount", "Pre-funded Amount", "Supplemental Cut-off Date", "Pre-funding Account", "Supplemental Mortgage Loan", "Supplemental Transfer Agreement" and "Supplemental Transfer Date" with respect to that Loan Group shall be of no force or effect and all provisions herein related thereto shall similarly be of no force or effect.
Capitalized Interest Requirement means for each Determination Date during the Prefunding Period, an amount equal to the product of (i) one-twelfth of the weighted average Note Rates of each Class of Notes and (ii) the amount on deposit in the Prefunding Account.
Capitalized Interest Requirement. On the Closing Date, $0.00, and on any date thereafter, 30-days interest accrued on the amount in the Pre-Funding Account at the weighted average of the Net Mortgage Rates of the Loans.
Capitalized Interest Requirement. Not applicable.