Examples of Excess Cashflow in a sentence
Excess Cashflow Prior to OC Provisions amount takes into account any Non-Recoverable Advance Amounts from Section 6.
Notwithstanding anything to the contrary described in this prospectus supplement, in no event will the Certificate Principal Balance of any Class A Certificate be reduced more than once in respect of any particular amount both (i) allocable to such certificate in respect of Realized Losses and (ii) payable as principal to the holder of such certificate from remaining Excess Cashflow.
Any Excess Spread remaining after the distribution of the Extra Principal Distribution amount will be the Remaining Excess Spread and, together with any Overcollateralization Release Amount, will be applied as Excess Cashflow as described under “—Excess Spread and Overcollateralization Provisions”.
Distributions to the Class C Classes are generally limited to certain amounts that may be distributable under the Excess Cashflow waterfall, and the economic interests of the Class C Classes are tied to the “ overcollateralization” structure of the Subject Trusts.
The Governing Agreements, however, are unclear as to whether collections on the mortgage loans should be distributed under the principal or Excess Cashflow waterfalls when the Primary Classes’ principal balances are reduced to zero (“ Post-Zero Balance Collections”).