Fixed Rate Turbo Amount definition

Fixed Rate Turbo Amount. As defined in Section 9.16.
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Fixed Rate Turbo Amount means, with respect to any Distribution Date, the amount of the Extra Principal Distribution Amount for the Fixed Rate Group for such Distribution Date. On each Distribution Date, an amount of interest received on the Fixed Rate Group equal to one percent (1%) of the Fixed Rate Turbo Amount for such Distribution Date shall not be paid as described above, but instead will be payable as a reduction of the principal balances of the LT-A1F, LT-A2F, LT-A3F, LT-A4F, LT-A5F, LT-A6F, LT-M1F, LT-M2F, and LT-B1F Regular Interests in the same manner in which the Fixed Rate Turbo Amount is allocated to the Corollary REMIC III Certificate for each such REMIC I Regular Interest. Amounts not paid to the LT-FM Regular Interest as a result of the preceding sentence shall be accrued and added to the principal of the LT-FM Regular Interest. 117 Principal payments on the Fixed Rate Group shall be allocated (i) 99% to the Class LT-FM, and (ii) 1% to the other LTF Regular Interests, apportioned among such Classes in the same manner in which principal is payable with respect to the Corollary REMIC III Certificate for each such Class; provided, however, that any principal payments on the Fixed Rate Group that are attributable to an Overcollateralization Release Amount with respect to the Fixed Rate Group (other than any such amount distributed pursuant to clause (9) of Section 5.01(d)) shall be allocated exclusively to the Class LT-FM Regular Interest. Realized Losses on the Fixed Rate Group shall be applied such that after all distributions have been made on such Distribution Date each LTF Regular Interest other than the LT-FM Regular Interest shall have an principal balance equal to one percent (1%) of the Certificate Principal Balance of its Corollary REMIC III Certificate, and the LT-FM Regular Interest shall have a principal balance equal to the excess of the principal balance of the Fixed Rate Group less the sum of the principal balance of the other LTF Regular Interests. LTA Regular Interests Corollary REMIC III LTA Regular Interest Initial Balance Pass-Through Rate Certificate -------------------- --------------- ----------------- -------------------
Sample 1
Fixed Rate Turbo Amount means with respect to any Distribution Date the amount of any Extra Principal Distribution Amount 101 107 for the Fixed Rate Group for such Distribution Date. Any Fixed Rate Turbo Amount that is attributable to interest on the Fixed Rate Group will not be paid to the REMIC II Regular Interests, but a portion of the interest payable with respect to the Class II-MF Certificate which equals 1% of the Fixed Rate Turbo Amount will be payable as a reduction of the principal balances of the Class II-1F, Class II-2F, Class II-3F, Class II-4F, Class II-5F, Class II-6F, Class II-7F, Class II-8 and Class II-9 Certificates in the same manner in which the Fixed Rate Turbo Amount is allocated among the Class A-1, Class A-2, Class A-3, Class A- 4, Class A-5, Class A- 6, Xxass M-1F, Class M-2F, Class B-1F Certificates, respectively (and will be accrued and added to principal on the Class II-MF Certificate). Principal payments on the Fixed Rate Group shall be allocated 98% to the Class II-AF Certificate, 1% to the Class II-MF Certificate and 1% to the Class II-1F, Class II-2F, Class II-3F, Class II- 4F, Class II-5F, Class II-6F, Class II-7F, Class II-8F and Class II-9F Certificates until paid in full. The aggregate amount of principal allocated to the Class II-1F, Class II-2F, Class II- 3F, Class II-4F, Class II-6F, Class II-7F, Class II-8F and Class II-9F Certificates shall be apportioned among such Classes in the same manner in which principal is payable with respect to the Class A-1, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class M-1F, Class M-2F, Class B-1F Certificates, respectively. Notwithstanding the foregoing, 98% and 2% of any principal on the Fixed Rate Group that are attributable to a Overcollateralization Release Amount attributable to the Fixed Rate Group shall be allocated to the Class II-AF and Class II-MF Certificates, respectively, until paid in full. Realized Losses on the Fixed Rate Group shall be applied such that after all distributions have been made on such Distributable Date the following REMIC II Regular Interests have the following principal balances: Class II-AF-98% of the principal balances of the Fixed Rate Group, Class II-1F- 1% of the principal balance of the Class A-1 Certificates, Class II-2F-1% of the principal balance of the Class A-2 Certificates, Class II-3F-1% of the principal balance of the Class A-3 Certificates, Class II-4F-1% of the principal balance of the Class A-4 Certificates, Class II-5F-1% of the principal bala...
Sample 1

Examples of Fixed Rate Turbo Amount in a sentence

  • On any Distribution Date, the Extra Principal Distribution Amount, if any, for the Fixed Rate Group Certificates (the "Fixed Rate Turbo Amount") will not be payable to the REMIC I Regular Interests.

  • Except as provided below with respect to the "Fixed Rate Turbo Amount," payments of interest from the Fixed Rate Group on any Distribution Date shall be allocated to the LTF Regular Interests in proportion to their respective principal balances.


More Definitions of Fixed Rate Turbo Amount

Fixed Rate Turbo Amount means with respect to any Distribution Date the amount of any Extra Principal Distribution Amount for the Fixed Rate Group for such Distribution Date. Any Fixed Rate Turbo Amount that is attributable to interest on the Fixed Rate Group will not be paid to the REMIC I Regular Interests, but a portion of the interest payable with respect to the Class I-MF Certificate which equals 1% of the Fixed Rate Turbo Amount will be payable as a reduction of the principal balances of the Class I-1F, Class I-2F, Class I-3F, Class I-4F, Class I-5F, and Class I-6F Certificates in the same manner in which the Fixed Rate Turbo Amount is allocated among the Class A-1F, Xxxxx X-0X, Xxxxx X-0X, Xxass A-F4, Class A-F5, and Class A-F6 Certificates, respectively (and will be accrued and added to principal on the Class I-MF Certificate). Principal payments on the Fixed Rate Group shall be allocated 99% to the Class I-MF Certificate and 1% to the Class I-1F, Class I-2F, Class I-3F, Class I-4F, Class I-5F, and Class I-6F Certificates until paid in full. The aggregate amount of principal allocated to the Class I-1F, Class I-2F, Class I-3F, Class I-4F, Class I-5F, and Class I-6F Certificates shall be apportioned among such Classes in the same manner in which principal is payable with respect to the Class A-1F, Class A-2F, Class A-3F, Class A-4F, Class A-5F, and Class A-6F Certificates, respectively. Notwithstanding the foregoing, 100% of any principal payment on the Fixed Rate Group that is attributable to an Overcollateralization Release Amount attributable to the Fixed Rate Group shall be allocated to the Class I-MF Certificates until paid in full. Realized Losses on the Fixed Rate Group shall be applied such that after all distributions have been made on such Distributable Date the following REMIC I Regular Interests have the following principal balances: Class I-1F:1% of the principal balance of the Class A-1F Certificates, Class I-2F:1% of the principal balance of the Class A-2F Certificates, Class I-3F:1% of the principal balance of the Class A-3F Certificates, Class I-4F:1% of the principal balance of the Class A-4F Certificates, Class I-5F:1% of the principal balance of the Class A-5F Certificates, Class I-6F:1% of the principal balance of the Class A-6F Certificates, and Class I-MF: the principal balance of the Fixed Rate Group less an amount equal to the sum of the principal balances of the Class I-1F, Class I-2F, Class I-3F, Class I-4F, Class I-5F, and Class I-6F. 110 116
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Related to Fixed Rate Turbo Amount

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Interest Rate Cap means a Cap.