Deferred Amount definition

Deferred Amount. With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

Deferred Amount. With respect to any Distribution Date and each Certificate, the aggregate of Applied Loss Amounts previously applied in reduction of the Certificate Principal Amount thereof, less any amounts previously reimbursed in respect thereof.

Deferred Amount. For any Class of Class M or Class B Certificates and any Distribution Date, will equal the amount by which (x) the aggregate of the Applied Loss Amounts previously applied in reduction of the Class Principal Balance thereof exceeds (y) the aggregate of amounts previously paid in reimbursement thereof.

Examples of Deferred Amount in a sentence

• Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 12000 9(10).99 Modified Loans Only >= 0 148 Total Deferred Amount Any non-interest-bearing deferred amount (e.g., principal, interest and fees).

• Any payment of Deferred Amount pursuant to Section 4.02(e) shall not result in a reduction to the Class Principal Balance of the Class of Certificate to which it is distributed.

• The Deferred Amount shall accrue simple interest at the prime rate of interest as published by Bank of America N.A. (or its successor) during the deferral period and shall be paid with the Deferred Amount.

• For purposes of the preceding sentence, any Class PO Deferred Amount distributed to a Class PO Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated).

• A Participant may not change the amount of his or her Deferred Amount during a Plan Year.

More Definitions of Deferred Amount

Deferred Amount means an amount of Compensation deferred under the Plan and carried during the deferral period in any Account provided for in the Plan.

Deferred Amount. For any Class of Subordinate Notes and Payment Date, will equal the amount by which (x) the aggregate of the Applied Loss Amounts previously applied in reduction of the Class Principal Balance thereof exceeds (y) the aggregate of amounts previously paid in reimbursement thereof.

Deferred Amount. For any Class of Group IV Subordinate Certificates (other than the Class IV-X Certificates) and Distribution Date, will equal the amount by which (x) the aggregate of the Applied Loss Amounts previously applied in reduction of the Class Principal Balance thereof exceeds (y) the aggregate of amounts previously paid in reimbursement thereof.

Deferred Amount means the amount deferred pursuant to Section 4.02.

Deferred Amount means the amount the Participant elects to have deferred from Base Pay and/or a Bonus, pursuant to Section 3.

Deferred Amount. With respect to any Distribution Date and each Group 1 Senior Certificate, the aggregate Applied Loss Amounts allocable to Pool 1 previously applied in reduction of the Certificate Principal Amount thereof, less (i) any amounts previously reimbursed in respect thereof and (ii) the amount by which the Certificate Principal Amount of such Group 1 Senior Certificate has been increased due to Subsequent Recoveries. With respect to any Distribution Date and each Group 2 Senior Certificate, the aggregate Applied Loss Amounts allocable to Pool 2 previously applied in reduction of the Certificate Principal Amount thereof, less (i) any amounts previously reimbursed in respect thereof and (ii) the amount by which the Certificate Principal Amount of such Group 2 Senior Certificate has been increased due to Subsequent Recoveries. With respect to any Distribution Date and each Offered Subordinate Certificate, the aggregate Applied Loss Amounts previously applied in reduction of the Certificate Principal Amount thereof, less (i) any amounts previously reimbursed in respect thereof and (ii) the amount by which the Certificate Principal Amount of such Offered Subordinate Certificate has been increased due to Subsequent Recoveries.

Deferred Amount. With respect to any Distribution Date and each Certificate (or related component), the aggregate of Pool 1 Applied Loss Amounts or Pool 2 Applied Loss Amounts, as applicable, previously applied in reduction of the Certificate Principal Amount or Component Principal Amount thereof, less any amounts previously reimbursed in respect thereof; provided, however, that any Applied Loss Amounts allocated to the Class 1-A3A, Class 1-A5B or Class 1-A6 Certificates will not be Deferred Amounts to the extent they are paid by the Certificate Insurer as part of Guaranteed Distributions; provided, further, that any class of Class A Certificates that is entitled to Deferred Amounts will accrue monthly interest on such Deferred Amounts at the related Certificate Interest Rate, but no Class M1 or Class M2 Certificate (or component thereof) will accrue interest on any Deferred Amount.