Distributable Excess Spread definition
Distributable Excess Spread. As to any Payment Date, the lesser of (i) the Excess Spread for such Payment Date or (ii) the excess, if any, of the Specified O/C Amount for such Payment Date over the O/C Amount on such date after giving effect to the distribution of the Class A Principal Distribution Amount and the amount to be distributed pursuant to Section 5.01 (a)I(vii).
Distributable Excess Spread. As to any Distribution Date, the lesser of (i) the amount of Excess Spread for such Distribution Date and (ii) the portion of Excess Spread required to be distributed pursuant to Section 5.01(c)(iv) such that the Overcollateralization Amount for such Distribution Date is equal to the Required OC Amount for such Distribution Date.
Distributable Excess Spread. As to any Distribution Date and Group, the lesser of (i) the Excess Spread for such Distribution Date and Group and (ii) the excess, if any, of the Specified O/C Amount for such Distribution Date and Group over the O/C Amount in respect of such Group on such date before giving effect to the application of Distributable Excess Spread in respect of such Group on such Distribution Date.
More Definitions of Distributable Excess Spread
Distributable Excess Spread. As to any Distribution Date and --------------------------- Certificate Group, the excess, if any, of the related Specified O/C Amount for such Distribution Date over the O/C Amount on such date.
Distributable Excess Spread. As to any Distribution Date and the Group I Certificates, the lesser of (i) the amount of Excess Spread for such Distribution Date and (ii) the portion of Excess Spread required to be distributed pursuant to 4.05(a)(x) such that the Overcollateralization Amount for such Distribution Date is equal to the Required OC Amount for such Distribution Date. Distribution Account. As to each Certificate Group, the account established and maintained by the Trustee pursuant to Section 4.04 for such Certificate Group.
Distributable Excess Spread means, with respect to any Distribution Date, the Amount Available remaining after payment of the amounts described in clauses (1) through (11) of Section 8.03(a).
Distributable Excess Spread. As to any Distribution Date, the lesser of (i) the portion of Available Funds for such Distribution Date remaining after the application thereof pursuant to Section 5.01 (a)(i)-(iv).
Distributable Excess Spread. As to any Distribution Date, the amount, --------------------------- if any, of the Excess Spread necessary to be distributed on such Distribution Date so that the Overcollateralization Amount equals the Required Overcollateralization Amount (after giving effect to the distribution of the Formula Principal Distribution Amount on such Distribution Date).