Group 2 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 2 Mortgage Loans and Compensating Interest paid by the Servicer with respect to the Group 2 Mortgage Loans.
Group 2 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 2 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 2 Interest Remittance Amount. With respect to any Distribution Date, the sum of the Group 2-A Interest Remittance Amount and the Group 2-B Interest Remittance Amount.
Examples of Group 2 Interest Remittance Amount in a sentence
On each Distribution Date, the Securities Administrator shall distribute the Group 2 Interest Remittance Amount (net of expenses described in the preceding paragraph) with respect to each of the REMIC I Regular Interests (other than the Class T1-Pool-1 Interest) based on the above-described interest rates.
Any Group 2 Interest Remittance Amount remaining undistributed after giving effect to subclause (i) through (iii) above shall be used in determining the amount of Group 2 Net Monthly Excess Cashflow, if any, for such Distribution Date.
On each Payment Date, the Interest Reserve Payment Amount will be withdrawn by the Indenture Trustee from amounts on deposit in the Interest Reserve Fund and distributed by the Indenture Trustee as a part of the Group 2 Interest Remittance Amount in accordance with Section 3.05 of the Indenture.
On each Distribution Date, the Trustee shall distribute the Group 2 Interest Remittance Amount (net of expenses described in the preceding paragraph) with respect to each of the REMIC I Regular Interests (other than the Class T1-Pool-1 Interest) based on the above-described interest rates.
More Definitions of Group 2 Interest Remittance Amount
Group 2 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 2 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 2 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 2 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 2 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.
Group 2 Interest Remittance Amount. With respect to any Distribution Date, the portion of the Interest Remittance Amount for such Distribution Date derived from the Group 2 Mortgage Loans.
Group 2 Interest Remittance Amount. The sum of the Loan Subgroup 2A Interest Remittance Amount and the Loan Subgroup 2B Interest Remittance Amount.
Group 2 Interest Remittance Amount. With respect to any Distribution Date will be the sum of (i) the interest portion of all Monthly Payments on the Group 2 Mortgage Loans due during the related Due Period, whether or not received on or prior to the related Determination Date; (ii) the interest portion of all proceeds received in respect of the repurchase of a Group 2 Mortgage Loan during the related Prepayment Period pursuant to or as contemplated by Section 2.03 and Section 10.01; and (iii) 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 2 Mortgage Loans, net in each case of payments or reimbursements to the Trustee, the Custodian, the Master Servicer, the Securities Administrator and the Servicer.
Group 2 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 advanced with respect to the Group 2 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 2 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 2 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 payments 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.