Certificate Insurer Reimbursement Amount definition

Certificate Insurer Reimbursement Amount. For any Distribution Date, the sum of (a) all amounts previously paid by the Certificate Insurer in respect of Insured Amounts for which the Certificate Insurer has not been reimbursed prior to such Distribution Date and (b) interest accrued on the foregoing at the Late Payment Rate from the date the Trustee received such amounts paid by the Certificate Insurer to such Distribution Date.
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Certificate Insurer Reimbursement Amount. The sum of (i) all amounts paid by Certificate Insurer under the related Certificate Insurance Policy which have not been previously reimbursed, (ii) any unpaid Certificate Insurer Premium with respect to such Certificate Insurance Policy, (iii) all amounts due to Certificate Insurer under the Insurance Agreement and (iv) interest on the foregoing at the Late Payment Rate.
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Certificate Insurer Reimbursement Amount. The sum of (i) all amounts paid by the Certificate Insurer under the Certificate Insurance Policy which have not been previously reimbursed, (ii) all unpaid Certificate Insurer Premiums, (iii) all amounts due to the Certificate Insurer under this Agreement and (iv) interest on the foregoing at the Late Payment Rate.
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Examples of Certificate Insurer Reimbursement Amount in a sentence

  • The Securities Administrator and the Trustee hereby agrees on behalf of each Holder of a Class AF-2 Certificate for the benefit of the Certificate Insurer that it recognizes that to the extent that the Certificate Insurer makes Guaranteed Distributions, either directly or indirectly (as by paying through the Securities Administrator), to the Class AF-2 Certificateholders, the Certificate Insurer will be entitled to receive the Certificate Insurer Reimbursement Amount pursuant to Section 5.05.

  • The Securities Administrator and the Trustee hereby agrees on behalf of each Holder of a Class A Certificate for the benefit of the Certificate Insurer that it recognizes that to the extent that the Certificate Insurer makes Guaranteed Distributions, either directly or indirectly (as by paying through the Securities Administrator), to the Class A Certificateholders, the Certificate Insurer will be entitled to receive the Certificate Insurer Reimbursement Amount pursuant to Section 5.05.

  • The Trustee hereby agrees on behalf of each Holder of a Class A-4 or Class A-5 Certificate for the benefit of the Certificate Insurer that it and they recognize that to the extent that the Certificate Insurer makes Guaranteed Distributions, either directly or indirectly (as by paying through the Trustee), to the Class A-4 or Class A-5 Certificateholders, the Certificate Insurer will be entitled to receive the Certificate Insurer Reimbursement Amount pursuant to Section 4.01.


More Definitions of Certificate Insurer Reimbursement Amount

Certificate Insurer Reimbursement Amount. The sum of (i) all amounts paid by the Certificate Insurer under the Certificate Insurance Policy which have not been previously reimbursed, (ii) all unpaid Certificate Insurer Premiums, (iii) all costs and expenses incurred by the Certificate Insurer on behalf of itself or the Class AF-2, Class AF-4 and Class AF-5 Certificates in connection with any actions, suits or proceedings with respect to the exercise or enforcement of any rights under the Certificate Insurance Policy or this Agreement and (iv) interest on the foregoing at the respective Pass-Through Rate on each of the Class AF-2, Class AF-4 and Class AF-5 Certificates.
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Certificate Insurer Reimbursement Amount. As of any time of determination, the aggregate of all Insured Payments previously made by the Certificate Insurer under the Policy plus interest thereon from the date such amount became due until paid in full, at a rate of interest equal to the Late Payment Rate and in accordance with Section 3.03(a) of the Insurance Agreement, minus the sum of (i) all payments previously made to the Certificate Insurer pursuant to Section 4.01 hereof as reimbursement for such amounts and (ii) any payments made by the Certificate Insurer attributable to Excess Bankruptcy Losses, Excess Fraud Losses and Excess Special Hazard Losses.
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Certificate Insurer Reimbursement Amount. The amount of all Insured Payments and other payments made by the Certificate Insurer pursuant to the Class 2-A-4 Policy which have not been previously repaid (without any interest on such amount), plus all costs and expenses incurred in connection with such action, proceeding or investigation, including (without limitation) reasonable attorney's fees and any judgment or settlement entered into affecting the Certificate Insurer or the Certificate Insurer's interests that have been certified to by the Certificate Insurer to the Securities Administrator.
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Certificate Insurer Reimbursement Amount. With respect to any Distribution Date, any amount owing to the Certificate Insurer under Section 4.02 or 4.07 for reimbursement, with interest, for claims paid with respect to the Class A-4 or Class A-5A Certificates under the Certificate Insurance Policies and any other amounts owing to the Certificate Insurer under the Insurance Agreement and remaining unpaid for such Distribution Date.
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Certificate Insurer Reimbursement Amount. The sum of (i) all amounts paid by the Certificate Insurer under the Certificate Insurance Policy which have not been previously reimbursed, (ii) all unpaid Certificate Insurer Premiums, (iii) all costs and expenses incurred by the Certificate Insurer on behalf of itself or the Class AF-2 Certificates in connection with any actions, suits or proceedings with respect to the exercise or enforcement of any rights under the Certificate Insurance Policy or this Agreement and (iv) interest on the foregoing at the Pass-Through Rate on the Class AF-2 Certificates.
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Related to Certificate Insurer Reimbursement Amount

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Accrued Certificate Interest Distribution Amount With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.

  • Reimbursement Amount As defined in Section 2.04.

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Accrued Certificate Interest With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of:

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • 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%.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.