Extra Principal Payment Amount. As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Overcollateralization Deficiency for such Distribution Date.
Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (1) the Monthly Excess Interest for such Payment Date and (2) the excess, if any, of (a) the Overcollateralization Target Amount over (b) the Overcollateralized Amount on such Payment Date (after giving effect to payment to the Notes of Principal Funds on such Payment Date).
Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (x) the sum of Interest Funds available pursuant to Section 4.1(a)(xi) and Pledged Prepayment Penalties; and
More Definitions of Extra Principal Payment Amount
Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (x) the Monthly Interest Payable Amount payable on the Class C Certificates on such Payment Date as reduced by Realized Losses allocated thereto with respect to such Payment Date pursuant to Section 5.06 of the Sale and Servicing Agreement and (y) the Overcollateralization Deficiency Amount for such Payment Date.
Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (x) the Monthly Excess Interest Amount for such Payment Date and (y) the Overcollateralization Deficiency for such Payment Date.
Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (a) Monthly Excess Cashflow for such Payment Date and (b) the Overcollateralization Deficiency for such Payment Date. Xxxxxx Xxx: Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.
Extra Principal Payment Amount. With respect to each Note Group and any Payment Date, the lesser of (x) the sum of Pledged Prepayment Penalties and Interest Funds available to such Note Group pursuant to Section 4.1(a)(viii); and
Extra Principal Payment Amount. As to any Payment Date, the lesser of (x) the Monthly Excess Cashflow and (y) the
Extra Principal Payment Amount. As of any Distribution Date, the lesser of (x) the sum of (a) the amount available in each of the Swap Account and the Cap Account for distribution under Section 4.02(e) after distributions for such Distribution Date pursuant to Section 4.02(e)(i) through (iii) and (b) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Overcollateralization Deficiency for such Distribution Date. Amounts available in the Swap Account and the Cap Account as decribed above, if any, will be applied first towards the Extra Principal Payment Amount, before application of any Total Monthly Excess Spread.