Dividend Returned Interest definition

Dividend Returned Interest. With respect to any Dividend Mortgage Loan, any related Dividend Payment that the related Mortgagor is not entitled to receive pursuant to the terms of the related Mortgage Note. DLJMC: DLJ Mortgage Capital, Inc., a Delaware corporation, and its successors and assigns.
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Dividend Returned Interest. With respect to any Dividend Mortgage Loan, any related Dividend Payment that the related Mortgagor is not entitled to receive pursuant to the terms of the related Mortgage Note.
Sample 1Sample 2

Examples of Dividend Returned Interest in a sentence

  • The Trust Administrator shall separately account for Dividend Returned Interest as an obligation of the related Servicer to pay contingent interest to the Class I-X Certificates.

  • REMIC 1 will consist of all of the assets constituting the Trust Fund corresponding to Loan Group I (exclusive of any entitlement to Dividend Returned Interest) and will be evidenced by the LTA-I-A Interest, and LTA-I-CB Interest (the "REMIC 1 Interests") which will be uncertificated and will represent the "regular interests" in REMIC 1 and the R-1 Interest as the single "residual interest" in REMIC 1.

  • Each Servicer shall remit all Dividend Returned Interest relating to the Dividend Mortgage Loans serviced by such Servicer to the Trustee for deposit to the Certificate Account on the Servicer Remittance Date following the month in which such Dividend Retained Interest Payment becomes Dividend Returned Interest.

  • The "regular interests" (within the meaning of Section 860G of the Code) in the Master REMIC shall consist of the Regular Certificates (exclusive of any entitlement to Dividend Returned Interest pursuant to Section 4.01(II) herein) and the Class AR Certificates shall represent the beneficial ownership of the "residual interest" in each REMIC created hereunder.

  • The Trust Administrator shall separately account for Dividend Returned Interest as an obligation of the related Servicer to pay contingent interest to the Group IV Certificates.

  • The Servicer shall remit all Dividend Returned Interest relating to the Dividend Mortgage Loans to the Trustee for deposit to the Certificate Account on the Servicer Remittance Date following the month in which such Dividend Retained Interest Payment becomes Dividend Returned Interest.

  • The "regular interests" (within the meaning of Section 860G of the Code) in the Master REMIC shall consist of the Regular Certificates (exclusive of any entitlement to Dividend Returned Interest pursuant to Section 4.01(D) herein) and the Class AR Certificates shall represent the beneficial ownership of the "residual interest" in each REMIC created hereunder.

  • The Trust Administrator shall separately account for Dividend Returned Interest as an obligation of the related Servicer to pay contingent interest to the Group V Certificates.

  • The “regular interests” (within the meaning of Section 860G of the Code) in the Master REMIC shall consist of the Regular Certificates (exclusive of any entitlement to Dividend Returned Interest pursuant to Section 4.01(II) herein) and the Class AR Certificates shall represent the beneficial ownership of the “residual interest” in each REMIC created hereunder.

  • Each Servicer shall remit all Dividend Returned Interest to the Trustee for deposit to the Certificate Account.

Related to Dividend Returned Interest

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Combined Interest has the meaning assigned to such term in Section 11.3(a).

  • Original Fractional Interest With respect to each of the following Classes of Class 1-B Certificates, the corresponding percentage described below, as of the Closing Date: Class 1-B-1 1.36% Class 1-B-2 0.80% Class 1-B-3 0.50% Class 1-B-4 0.30% Class 1-B-5 0.15% Class 1-B-6 0.00% Original Class 1-B Certificate Balance: $12,540,662.00. OTS: The Office of Thrift Supervision.

  • Retained Interest The meaning set forth in the Trust Agreement.

  • Original Class B-5 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-5 Fractional Interest is specified in Section 11.20.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • Month End Interest As defined in each Servicing Agreement.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Original Class B-1 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-2 Principal Balance, the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-1 Fractional Interest is specified in Section 11.16.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Original Class B-4 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-4 Fractional Interest is specified in Section 11.19.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Retained Interest Holder Not applicable.

  • Original Class B-2 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-2 Fractional Interest is specified in Section 11.17.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Fractional Interest As defined in Section 5.02(d).

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Current Class B-5 Fractional Interest As to any Distribution Date subsequent to the first Distribution Date, the percentage obtained by dividing the Principal Balance of the Class B-6 Certificates by the sum of the Class A Non-PO Principal Balance and the Class B Principal Balance. As to the first Distribution Date, the Original Class B-5 Fractional Interest.

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

  • Class B Unpaid Interest Shortfall Any of the Class B-1 Unpaid Interest Shortfall, Class B-2 Unpaid Interest Shortfall, Class B-3 Unpaid Interest Shortfall, Class B-4 Unpaid Interest Shortfall, Class B-5 Unpaid Interest Shortfall or Class B-6 Unpaid Interest Shortfall.