Excess Spread definition

Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.

Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Group I Offered Certificates and Interest Carry Forward Amounts on the Class I-A Certificates, in each case on such Distribution Date.

Excess Spread means, with respect to any Transfer Date, the sum of the amounts with respect to such Transfer Date, if any, specified pursuant to subsections 4.09(a)(iv), 4.09(b)(iii) and 4.09(c)(ii).

Examples of Excess Spread in a sentence

• To the extent permitted in the Servicing Contract, the Primary Servicer may transfer all or any portion of the Excess Spread with respect to the Mortgage Loans serviced by that Primary Servicer to the Issuer for deposit to an Other Xxxxxx Xxx Trust or pursuant to Subsection 5.1(7).

• In its agreement with any replacement Primary Servicer, the Master Servicer may vary the allocation of the Spread for related Mortgage Loans among the Servicing Fee, Excess Spread and (but only with the consent of the Guarantor unless a Guarantor Event of Default has occurred and has not been cured) the Guaranty Fee.

• Subject to the related Servicing Contract, the Primary Servicer may retain such Excess Spread at the same time and in the same manner as the Servicing Fee.

• The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable.

• No such compensation, however,‌ that is payable from a Trust with respect to any Mortgage Loan will exceed the related Spread minus the sum of any related (i) Securitized Excess Spread, (ii) Servicing Fee and (iii) Guaranty Fee.

More Definitions of Excess Spread

Excess Spread means, for or in respect of the Series 1997-1 Ownership Interest for any month, an amount equal to the product of:

Excess Spread means, with respect to any Transfer

Excess Spread means, with respect to any Transfer Date, an amount equal to the sum of the amounts described in clause (a)(iv), clause (b)(iii) and clause (c)(ii) above.

Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Class A Certificates and Class M Certificates and Interest Carry Forward Amounts on the Class A Certificates (other than Interest Carry Forward Amounts paid pursuant to Section 5.04(a)(4)(A)), in each case for such Distribution Date.

Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Class A, Class M and Class B Certificates and Interest Carry Forward Amounts on the Class A Certificates (other than Interest Carry Forward Amounts paid pursuant to Section 5.04(a)(3(A)), in each case for such Distribution Date. Exemption: Prohibited Transaction Exemption 90-30, as amended from time to time.

Excess Spread means, with respect to any Determination Date for any Monthly Period, the product of (a) 12 times (b) the percentage equivalent of a fraction (i) the numerator of which is the excess, if any, of (x) the Adjusted Interest Collections for such Monthly Period over (y) the aggregate Outstanding Principal Balance of all Pledged Receivables that became Defaulted Receivables during such Monthly Period and (ii) the denominator of which is the average daily Eligible Portfolio Outstanding Principal Balance for such Monthly Period.

Excess Spread. With respect to any Payment Date, the excess of (a) the Available Payment Amount over (b) the Regular Payment Amount.