Group 1 Interest Remittance Amount. With respect to any Distribution Date is that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group 1 Mortgage Loans and Compensating Interest paid by the Servicer with respect to the Group 1 Mortgage Loans.
Group 1 Interest Remittance Amount. As of any Distribution Date, the sum, without duplication, of (i) all interest due and collected or advanced with respect to the related Collection Period on the Group 1 Mortgage Loans received by the Master Servicer on or prior to the Determination Date for such Distribution Date (less the Servicing Fee, amounts available for reimbursement of Advances and Servicing Advances pursuant to Section 3.05 and expenses reimbursable pursuant to Section 6.03), (ii) all Compensating Interest paid by the Master Servicer on the related Distribution Date with respect to such Mortgage Loans, (iii) the portion of any payment in connection with any Principal Prepayment (other than any Prepayment Interest Excess), substitution, Purchase Price, Termination Price, Insurance Proceeds or Net Liquidation Proceeds relating to interest with respect to such Mortgage Loans received during the related Prepayment Period and (iv) the portion of any Reimbursement Amount relating to such Mortgage Loans received during the related Prepayment Period.
Group 1 Interest Remittance Amount. As of any Distribution Date, the excess of (A) the sum, without duplication, of (i) all interest due and collected or advanced with respect to the related Collection Period on the Group 1 Mortgage Loans received by the Servicer on or prior to the Determination Date for such Distribution Date (less the Servicing Fee for such Mortgage Loans, amounts available for reimbursement of Advances and Servicing Advances pursuant to Section 3.05, expenses reimbursable pursuant to Section 6.03 and indemnification payments pursuant to Sections 3.26 and 8.05), (ii) all Compensating Interest paid by the Servicer on the related Distribution Date with respect to the Group 1 Mortgage Loans, (iii) the portion of any payment in connection with any Principal Prepayment (other than any Prepayment Interest Excess), substitution, Purchase Price, Termination Price, Insurance Proceeds or Net Liquidation Proceeds relating to interest with respect to the Group 1 Mortgage Loans received during the related Prepayment Period and (iv) the portion of any Reimbursement Amount relating to interest on such Mortgage Loans received during the related Prepayment Period over (B) the product of (x) any amounts payable to the Swap Provider (including any Net Swap Payment and any Swap Termination Payment owed to the Swap Provider but excluding any Swap Termination Payment owed to the Swap Provider resulting from a Swap Provider Trigger Event) and (y) a fraction, the numerator of which is the aggregate Principal Balance of the Group 1 Mortgage Loans as of the first day of the related Collection Period and the denominator of which is equal to the Pool Balance as of the first day of the related Collection Period.
Examples of Group 1 Interest Remittance Amount in a sentence
Any Group 1 Interest Remittance Amount remaining undistributed after giving effect to subclause (i) through (iii) above shall be used in determining the amount of Group 1 Net Monthly Excess Cashflow, if any, for such Distribution Date.
On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the REMIC I Regular Interests based on the above-described interest rate.
On each Distribution Date, the Securities Administrator shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the Class T1-Pool-1 Interest based on the above-described interest rate.
On each Distribution Date, the Securities Administrator shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the first paragraph) with respect to the Class T1-Group-1 Interest based on the above-described interest rates.
On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the Class T1-Pool-1 Interest based on the above-described interest rate.
More Definitions of Group 1 Interest Remittance Amount
Group 1 Interest Remittance Amount. With respect to any Distribution Date, the portion of the Interest Remittance Amount for such Distribution Date derived from the Group 1 Mortgage Loans.
Group 1 Interest Remittance Amount. With respect to Group 1 Mortgage Loans and any Master Servicer Advance Date, the sum, without duplication, of (i) all scheduled interest collected during the related Due Period with respect to the Group 1 Mortgage Loans less the related Servicing Fee, (ii) all related Advances relating to interest with respect to the Group 1 Mortgage Loans, (iii) all Compensating Interest with respect to the Group 1 Mortgage Loans, (iv) Liquidation Proceeds with respect to the Group 1 Mortgage Loans collected during the related Due Period (to the extent such Liquidation Proceeds relate to interest), (v) for the Master Servicer Advance Date in March 2001 or April 2001, the Seller Shortfall Interest Requirement for Loan Group 1 for the related Master Servicer Advance Date (if any) and (vi) amounts, if any, received by the Trustee under the Cap Contract, less (1) all Nonrecoverable Advances relating to interest reimbursed during the related Due Period and (2) the Group 1 Credit Comeback Excess Amount.
Group 1 Interest Remittance Amount. With respect to any Distribution Date will be the sum of (a) the interest portion of all Monthly Payments on the Group 1 Mortgage Loans due during the related Due Period, whether or not received on or prior to the related Determination Date; (b) the interest portion of all proceeds received in respect of the repurchase of a Group 1 Mortgage Loan during the related Prepayment Period pursuant to or as contemplated by Section 2.03 and Section 10.01; and (c) the interest portion of all other unscheduled collections, including Insurance Proceeds, Liquidation Proceeds and all Principal Prepayments in full and in part, received during the related Prepayment Period, to the extent applied as recoveries of interest on the Group 1 Mortgage Loans, net in each case of payments or reimbursements to the Trustee, the Custodian, the Master Servicer, the Securities Administrator, the Servicer and the Subservicer.
Group 1 Interest Remittance Amount. With respect to any Distribution Date, that portion of the Pool I Available Funds for such Distribution Date attributable to interest received or Fremont 2006-B Pooling & Servicing Agreement advanced with respect to the Group 1 Mortgage Loans, reduced by the pro rata portion of the amounts specified in clause (y) of the definition of Pool I Available Funds for such Distribution Date.
Group 1 Interest Remittance Amount. As of any Distribution Date, the sum, without duplication, of (i) all interest due and collected or advanced with respect to the related Collection Period on the Group 1 Mortgage Loans received by the Servicer on or prior to the Determination Date for such Distribution Date (less the Servicing Fee, amounts available for reimbursement of Advances and Servicing Advances pursuant to Section 3.05 and expenses reimbursable pursuant to Section 6.03 and Section 8.05), (ii) all Compensating Interest paid by the Servicer on the related Distribution Date with respect to such Mortgage Loans, (iii) the portion of any payment in connection with any Principal Prepayment, substitution, Purchase Price, Termination Price, Insurance Proceeds (including any portion received under the LPMI Policies) or Net Liquidation Proceeds relating to interest with respect to such Mortgage Loans received during the related Prepayment Period and (iv) the portion of any Reimbursement Amount relating to interest with respect to such Mortgage Loans received during the related Prepayment Period.
Group 1 Interest Remittance Amount. With respect to any Distribution Date, the portion of the Available Distribution Amount for such Distribution Date attributable to interest received or advanced with respect to the Group 1 Loans net of the Expense Fee Rate and net of the pro rata portion (determined on the basis of the aggregated Stated Principal Balance of the Group 1 Loans and Group 2 Loans) of any Net Swap Payments or Swap Termination Payments not due to a Swap Provider Trigger Event.