Group I Capitalized Interest Requirement. With respect to the Payment Dates in March and April 1998 and the Pre-Funding Payment Date, the excess, if any, of (x) the interest on the Group I Certificates on such Payment Date calculated at the Group I Weighted Average Pass-Through Rate over (y) the sum of (i) one-month's interest on the aggregate Loan Balances of the Mortgage Loans in Group I as of the close of business on the last day of the immediately preceding Remittance Period calculated at a rate equal to 1/12 of the weighted average of the Coupon Rates of the Mortgage Loans in Group I less the applicable Servicing Fee Rate as of such Payment Date (or Pre-Funding Payment Date) and (ii) any Group I Pre-Funding Account Earnings to be transferred to the Capitalized Interest Account on such Payment Date (or Pre-Funding Payment Date) pursuant to Section 7.04(d) hereof.
Group I Capitalized Interest Requirement. $35,716.77.
Group I Capitalized Interest Requirement. As to any Payment Date occurring during the Pre-Funding Period, the difference, if any, between (x) the Group I Interest Distribution Amount for such Payment Date plus the Premium Amount relating to the Group I Certificates and the Trustee's Fee relating to the Group I Certificates as of such Payment Date and (y) the sum of (i) the Group I Interest Remittance Amount as of such Payment Date, and (ii) any Pre-Funding Earnings relating to Group I to be transferred to the Certificate Account on such Payment Date pursuant to Section 7.4 hereof.
Examples of Group I Capitalized Interest Requirement in a sentence
On each Pre-Funding Distribution Date, the Trustee shall transfer from the Capitalized Interest Account to the Certificate Account, the Group I Capitalized Interest Requirement and the Group II Capitalized Interest Requirement for such Pre-Funding Distribution Date.
On each Pre-Funding Distribution Date, the Trustee shall transfer from the Capitalized Interest Account to the Certificate Account, the Group I Capitalized Interest Requirement and Group II Capitalized Interest Requirement for such Pre-Funding Distribution Date.
More Definitions of Group I Capitalized Interest Requirement
Group I Capitalized Interest Requirement means, for any Remittance Date, the product of (i) the Class A-1 Pass Through Rate for the first Remittance Date plus the Class A-1 Premium Percentage plus the rate at which the Trustee Fee is calculated minus _____% (ii) the Group I Pre-Funded Amount and (iii) the quotient of the number of days from such Remittance Date to the Remittance Date in ____________ and 360.
Group I Capitalized Interest Requirement. With respect to the Payment Dates in July and August 1999, an amount equal to interest accruing from the related Due Date through the Subsequent Transfer Date at a rate equal to the sum of the Class A-1 Pass-Through Rate plus the Fees and Expenses related to Group I (expressed as a per annum rate), less the portion of the Pre-Funding Account earnings allocable to Group I (expressed as a per annum rate), on the amount by which the Class A-1 Certificate Principal Balance exceeds the aggregate Loan Balance of the Mortgage Loans in Group I at the date of determination.
Group I Capitalized Interest Requirement. As to any Pre-Funding Distribution Date, the excess, if any, of (x) the sum of (a) the interest due on the Group I Certificates on such Distribution Date plus (b) the Premium Amount allocable to Group I over (y) the sum of (i) one month's interest on the aggregate Loan Balance of the Home Equity Loans in Group I as of the beginning of business on the first day of the immediately preceding Due Period, calculated at the Pass-Through Rate of the Group I Certificates as of such Distribution Date and (ii) any Group I Pre-Funding Account Earnings to be transferred to the Certificate Account for such Distribution Date, if any.
Group I Capitalized Interest Requirement. With respect to the February 1997 Payment Date, the excess, if any, of (x) the sum of (a) the interest due on the Fixed Rate Certificates on such Payment Date plus (b) the Premium Amount allocable to Group I over (y) the sum of (i) one month's interest on the aggregate Loan Balance of the Home Equity Loans in Group I as of the close of business on the last day of the immediately preceding Remittance Period, calculated at the weighted average of the Pass- Through Rates of the Fixed Rate Certificates as of such Payment Date and (ii) any Group I Pre-Funding Account Earnings to be transferred to the Certificate Account on such Payment Date, if any.
Group I Capitalized Interest Requirement. With respect to the Distribution Date in October 1998, (A) the product of (a) a fraction, the numerator of which is the Group I Pre-Funding Amount on the Closing Date and the denominator of which is the Original Fixed Rate Pool Principal Balance and (b) the sum of (i) the aggregate amount of interest accrued on each Class of Group I Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group I Certificates for such Distribution Date and (iii) the Trustee Fee with respect to Group I Certificates for such Distribution Date minus (B) any Group I Pre-Funding Earnings for the related Due Period and minus (C) in the case of any Subsequent Mortgage Loan that is a Fixed Rate Mortgage Loan transferred to the Trust during the related Due Period, the amount of any interest collected after the Cut-Off Date applicable to such Subsequent Mortgage Loan and during such related Due Period. With respect to the Distribution Date in November 1998, (A) the product of (a) a fraction, the numerator of which is the Group I Pre-Funding Amount on the first day of the related Due Period and the denominator of which is the Fixed Rate Pool Principal Balance on the first day of the related Due Period and (b) the sum of (i) the aggregate amount of interest accrued on each Class of Group I Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group I Certificates for such Distribution Date and (iii) the Trustee Fee with respect to Group I Certificates for such Distribution Date minus (B) any Group I Pre-Funding Earnings for the related Due Period and minus (C) in the case of any Subsequent Mortgage Loan that is a Fixed Rate Mortgage Loan transferred to the Trust during the related Due Period, the amount of any interest collected after the Cut-Off Date applicable to such Subsequent Mortgage Loan and during such related Due Period. With respect to the Distribution Date in December 1998, (A) the product of (a) a fraction, the numerator of which is the Group I Pre-Funding Amount on the first day of the related Due Period and the denominator of which is the Fixed Rate Pool Principal Balance on the first day of the related Due Period and (b) the sum of (i) the aggregate amount of interest accrued on each Class of Group I Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group I Certificates for such Distribution Date and (iii) the Trustee Fee...
Group I Capitalized Interest Requirement. $15,259.59.
Group I Capitalized Interest Requirement. With respect to the Payment Date occurring in January 1998, $245,951.71.