Group I Net Monthly Excess Cashflow definition

Group I Net Monthly Excess Cashflow. As of any Distribution Date, an amount equal to (x) the Group I Available Funds minus (y) the sum of (i) the sum of the Group I Class A Interest Distribution Amount and the amount described in clause (b) of the definition of Group I Class A Principal Distribution Amount (calculated for this purpose without regard to any Group I Subordination Increase Amount, Group I Subordination Reduction Amount, Group I Subordination Deficit or portion thereof included therein) and (ii) the Group I Reimbursement Amount, if any, for such Distribution Date.
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Group I Net Monthly Excess Cashflow. With respect to any Distribution Date, an amount equal to the sum of (a) any Group I Overcollateralization Release Amount for such Distribution Date and (b) the positive excess of (x) the Group I Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class I-A Certificates, the Class I-AIO Certificates, the Group I Mezzanine Components and the Class I-BIO Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class I-A Certificates and the Class I-AIO Certificates, (C) the Group I Principal Remittance Amount, (D) the Guarantor Reimbursement Amount and (E) the Guaranty Fee.
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Group I Net Monthly Excess Cashflow. With respect to any Distribution Date and Group I, the sum of (i) any related Overcollateralization Reduction Amount and (ii) the excess of (x) the related Available Distribution Amount for the Distribution Date over (y) the sum for the Distribution Date of the aggregate of the Group I Senior Interest Distribution Amounts payable to the Holders of the Group I Senior Certificates, the aggregate of the related Interest Distribution Amounts payable to the Holders of the Group I Subordinate Certificates, as applicable, the related Principal Remittance Amount, any related Net Swap Payment or related Swap Termination Payment (not caused by the occurrence of a related Swap Provider Trigger Event) owed to a related Swap Provider and all amounts payable to the Group I Senior Certificate Insurer from the related Interest Remittance Amount and related Principal Remittance Amount.
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Examples of Group I Net Monthly Excess Cashflow in a sentence

  • Upon receipt of any amounts paid under the Cap Agreement, and following any distributions of Group I Net Monthly Excess Cashflow pursuant to Section 4.1(a)(iii) above and withdrawals from the Reserve Fund pursuant to Section 4.1(a)(iv) above, the Securities Administrator shall deposit such amounts into the Cap Account for distribution pursuant to Section 4.1(a)(vi) above.

  • Upon receipt of any amounts paid under the Group I Certificate Swap Agreement, and following any distributions of Group I Net Monthly Excess Cashflow pursuant to Section 4.1(a)(iii) above, withdrawals from the Group I Reserve Fund pursuant to Section 4.1(a)(iv) above and withdrawals from the Cap Account pursuant to Section 4.1(a)(vi) above, the Securities Administrator shall deposit such amounts into the Group I Certificate Swap Account for distribution pursuant to Section 4.1(a)(vii) above.

  • Notwithstanding anything to the contrary in this Agreement, in no event will the Certificate Principal Balance of any Group I Senior Certificate or Group I Subordinate Certificate be reduced more than once in respect of any particular amount both (i) allocable to the Group I Senior Certificate or Group I Subordinate Certificate in respect of related Realized Losses and (ii) payable as principal to the Holder of such Certificate from Group I Net Monthly Excess Cashflow.


More Definitions of Group I Net Monthly Excess Cashflow

Group I Net Monthly Excess Cashflow. With respect to the Class I-A, Class I-M and Class I-B Certificates and any Distribution Date is the excess, if any, of (x) the Available Distribution Amount for such Distribution Date over (y) the sum for such Distribution Date of (A) the amount required to be distributed as described in Section 6.04(a)(1) on such Distribution Date and (B) the amount required to be distributed as described in Section 6.04(a)(2) on such Distribution Date (without giving effect to any related Overcollateralization Increase Amount).
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Group I Net Monthly Excess Cashflow. With respect to each Distribution Date, the sum of (a) any Group I Overcollateralization Release Amount for such Distribution Date and (b) the positive excess of (x) Group I Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class I-A Certificates and the Class I-S Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class I-A Certificates and the Class I-S1 Certificates, (C) the Group I Principal Remittance Amount, (D) the Guarantor Reimbursement Amount, (E) the Guaranty Fee, (F) the Group I Certificate Insurer Premium, (G) the Group I Certificate Insurer Reimbursement Amount and (H) the Group II Certificate Insurer Reimbursement Amount to the extent paid out of the Group I Interest Remittance Amount.
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Group I Net Monthly Excess Cashflow. As of any Payment Date, the Group I Available Funds, if any, remaining after application of the items listed in clauses (i) through (xi) of Section 7.5(b) hereof on such Payment Date.
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Group I Net Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) any Overcollateralization Reduction Amount relating to the Group I Certificates for such Distribution Date and (ii) the excess of (x) the Group I Available Distribution Amount for such Distribution Date over (y) the sum for such Distribution Date of (A) the Senior Interest Distribution Amount payable to the holders of the Class AF Certificates and the Interest Distribution Amount payable to the holders of the Group I Mezzanine Certificates and (B) the sum of the amounts described in clauses (b)(i) through (iii) of the definition of Group I Principal Distribution Amount.
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Group I Net Monthly Excess Cashflow. With respect to any Distribution Date, the excess of (x) the Group I Available Distribution Amount for such Distribution Date over (y) the sum for such Distribution Date of (A) the Group I Senior Interest Distribution Amount distributable to the holders of the Class AF Certificates, (B) the Interest Distribution Amount distributable to the holders of the Group I Mezzanine Certificates, (C) the amount paid to the Certificate Insurer in respect of reimbursements for claims under the Policy or other amounts owing under the Insurance Agreement and (D) the Group I Principal Remittance Amount.
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Group I Net Monthly Excess Cashflow. As of any Distribution Date, an amount equal to (x) the Group I Available Funds minus (y) the sum of (1) the sum of the Class IA Interest Distribution Amount and the amount described in clause (b) of the definition of Class IA Principal Distribution Amount (calculated for this purpose without regard to any Group IA Subordination Increase Amount or portion thereof included therein) and (ii) the Group I Reimbursement Amount, if any, for such Distribution Date.
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Related to Group I Net Monthly Excess Cashflow

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Excess Cash all cash and Cash Equivalents of the Borrower and its Subsidiaries at such time determined on a consolidated basis in accordance with GAAP in excess of $25,000,000.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Class M-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-1 Certificates.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Class B-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class B-1 Certificates.