Diverted Interest Amount. With respect to Collateral Pool II and any Distribution Date, one month’s interest accrued during the related Interest Accrual Period on the related Overcollateralized Amount at the Pass-Through Rate for the Class A Certificates related to the applicable Undercollateralized Loan Group or Undercollateralized Loan Groups and any other unpaid interest shortfalls on the Class A Certificates related to the applicable Undercollateralized Loan Group or Undercollateralized Loan Groups, to the extent available (with overcollateralization calculated, for purposes of this definition, as of the prior Distribution Date after taking into account all distributions and Realized Loss allocations that occurred on such prior Distribution Date). On any Distribution Date, any Diverted Interest Amount will be diverted to the Available Distribution Amounts of any Undercollateralized Loan Groups on a pro rata basis based on their respective Undercollateralized Amounts. On any Distribution Date, any Diverted Interest Amount will be diverted from the Available Distribution Amounts of any Overcollateralized Loan Groups on a pro rata basis based on their respective Overcollateralized Amounts.
Diverted Interest Amount. With respect to any Distribution Date, one month's interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at the Pass-Through Rate for the Class A Certificates related to the Undercollateralized Loan Group or Loan Groups and any other unpaid interest shortfalls on the Class A Certificates related to the Undercollateralized Loan Group or Loan Groups, to the extent available.
Diverted Interest Amount means, in respect of the Class [A] [B] Notes and the Payment Date falling in October 2015, the aggregate of the payments to the Escrow Account referred to in paragraph (c) above which are attributable to the Class [A] [B] Interest Amount in respect of that Payment Date;
Examples of Diverted Interest Amount in a sentence
Accordingly, any payment from the Escrow Account on or after 15 October 2015 shall be made from the Diverted Interest Amount then standing to the credit of the Escrow Account.
Investors should note that a portion of interest received on Perpetual Securities (being the Perpetual Diverted Interest Amount) will be treated as Principal Proceeds and applied in redemption of the Notes pursuant to the Principal Proceeds Priority of Payments.
On any Payment Date, except following Enforcement Action, in respect only of Principal Proceeds constituting Perpetual Diverted Interest Amounts, in the event that and for so long as the Coverage Tests are satisfied on the related Determination Date and after the Perpetual Diverted Interest Amount is applied in accordance with the Principal Proceeds Priorities of Payment and provided that more than 6 per cent.
Investors should note that a portion of interest received on Perpetual Securities (being the Perpetual Diverted Interest Amount) will, in certain circumstances, be treated as Principal Proceeds and applied in redemption of the Notes pursuant to the Principal Proceeds Priority of Payments.
More Definitions of Diverted Interest Amount
Diverted Interest Amount. With respect to any Distribution Date, one month's interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at 6.50% per annum.
Diverted Interest Amount. With respect to any Distribution Date, one month's interest accrued during the related Interest Accrual Period on the related Overcollateralized Amount at the Pass-Through Rate for the Class A Certificates related to the Undercollateralizated Subgroup or Subgroups and any other unpaid interest shortfalls on the Class A Certificates related to the Undercollateralizated Subgroup or Subgroups, to the extent available (with overcollateralization and undercollateralization calculated, for purposes of this definition, as of the prior Distribution Date after taking into account all distributions and Realized Loss allocations that occurred on such prior Distribution Date).
Diverted Interest Amount. With respect to either Collateral Pool and any Distribution Date, one month’s interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at the Pass-Through Rate for the Super Senior Certificates and Senior Support Certificates or Senior Support Components, as applicable, related to the Undercollateralized Loan Group(s) and any other unpaid interest shortfalls on the Super Senior Certificates and Senior Support Certificates or Senior Support Components, as applicable, related to such Undercollateralized Loan Group(s), to the extent available (with overcollateralization and undercollateralization calculated, for purposes of this definition only, as of the prior Distribution Date after taking into account all distributions and Realized Loss allocations that occurred on such prior Distribution Date). On any Distribution Date, any Diverted Interest Amount will be diverted to the Available Distribution Amounts of any Undercollateralized Loan Groups on a pro rata basis based on their respective Undercollateralized Amounts. On any Distribution Date, any Diverted Interest Amount will be diverted from the Available Distribution Amounts of any Overcollateralized Loan Groups on a pro rata basis based on their respective Overcollateralized Amounts.
Diverted Interest Amount. With respect to any Distribution Date, one month’s interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at the Pass-Through Rate for the Class A Certificates related to the Undercollateralized Loan Group and any other unpaid interest shortfalls on the Class A Certificates related to such Undercollateralized Loan Group, to the extent available (with overcollateralization and undercollateralization calculated, for purposes of this definition only, as of the prior Distribution Date after taking into account all distributions and Realized Loss allocations that occurred on such prior Distribution Date). On any Distribution Date, any Diverted Interest Amount will be diverted to the Available Distribution Amount of the Undercollateralized Loan Group. On any Distribution Date, any Diverted Interest Amount will be diverted from the Available Distribution Amounts of the Overcollateralized Loan Group.
Diverted Interest Amount. With respect to Collateral Pool I and any Distribution Date, one month’s interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at the Pass-Through Rate for the Super Senior Certificates and Senior Support Component related to the Undercollateralized Loan Group and any other unpaid interest shortfalls on the Super Senior Certificates and Senior Support Component related to such Undercollateralized Loan Group, to the extent available (with overcollateralization and undercollateralization calculated, for purposes of this definition only, as of the prior Distribution Date after taking into account all distributions and Realized Loss allocations that occurred on such prior Distribution Date). On any Distribution Date, any Diverted Interest Amount will be diverted to the Available Distribution Amount of the Undercollateralized Loan Group. On any Distribution Date, any Diverted Interest Amount will be diverted from the Available Distribution Amounts of the Overcollateralized Loan Group.
Diverted Interest Amount. With respect to the Class AV Certificates and any Distribution Date, one month's interest accrued during the related Interest Accrual Period on the Overcollateralized Amount at the Pass-Through Rate for Class AV Certificates related to the Undercollateralized Loan Group or Loan Groups and any other unpaid interest shortfalls on the Class AV Certificates related to the Undercollateralized Loan Group(s), to the extent available.
Diverted Interest Amount. With respect to any Overcollateralized ------------------------ Group and each Undercollateralized Group, and with respect to any Distribution Date, (x) one month's interest accrued during the related Interest Accrual Period on the applicable Undercollateralization Amount at the lesser of the Pool Rate for the related Overcollateralized Mortgage Pool and the Pool Rate for the related Undercollateralized Mortgage Pool for such Distribution Date, multiplied, if more than one Mortgage Pool is an Overcollateralized Mortgage Pool, by (y) the applicable Proportionate Percentage.