Group II Available Distribution Amount. With respect to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group II Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group II Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group II Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a) in respect of the Group II Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group II Loans and (v) any amount deposited in the Certificate Account pursuant to Section 4.07, 4.08 or 9.01 in respect of the Group II Loans, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (i) any payments or collections consisting of prepayment charges on the Group II Loans that were received during the related Prepayment Period, (ii) the Amount Held for Future Distribution with respect to the Group II Loans, and (iii) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Group II Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a).
Group II Available Distribution Amount. With respect to any Distribution Date and any loan group or subgroup within Collateral Pool II, an amount equal to the excess of (i) the sum attributable to the related Group II Mortgage Loans of (a) the aggregate of the Monthly Payments due on or before the Due Date relating to such Distribution Date and received by the Master Servicer (or a Sub-Servicer on its behalf) on or prior to the related Determination Date, after deduction of the applicable Servicing Fee, the Administration Fee and the PMI Insurer Fee, if applicable (b) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, proceeds from repurchases of and substitutions for the related Group II Mortgage Loans, Subsequent Recoveries and other unscheduled collections of principal and interest in respect of the related Group II Mortgage Loans or REO Properties received by the Servicer during the related Prepayment Period (exclusive of any prepayment charges, penalties or premiums), (c) the aggregate of any amounts on deposit in the Distribution Account representing Compensating Interest Payment paid by the Master Servicer in respect of related Prepayment Interest Shortfalls relating to Principal Prepayments that occurred during the related Prepayment Period and (d) the aggregate of any P&I Advances made by the Master Servicer for such Distribution Date over (ii) the sum attributable to or allocable to the related Group II Mortgage Loans of (a) amounts reimbursable to the Depositor, the Master Servicer, the Trustee, the Trust Administrator, Citibank or a Custodian pursuant to Section 6.03 or Section 8.05 or otherwise payable in respect of Extraordinary Trust Fund Expenses, (b) amounts in respect of the items set forth in clauses (i)(a) through (i)(d) above deposited in the Collection Account or the Distribution Account in respect of the items set forth in clauses (i)(a) through (i)(d) above in error, (c) without duplication, any amounts in respect of the items set forth in clauses (i)(a) and (i)(b) permitted hereunder to be retained by the Master Servicer or to be withdrawn by the Master Servicer from the Collection Account pursuant to Section 3.18. Notwithstanding the foregoing, the Group II Available Distribution Amount for any Distribution Date shall be increased (in the case of an Undercollateralized Loan Group or Subgroup) or decreased (in the case of an Overcollateralized Loan Group or Subgroup) by any applicable Diverted Interest Amount or Class A Principal Adjustment Amount, in each ...
Group II Available Distribution Amount. With respect to a Distribution Date, the sum of the following amounts that are related to the Group II Loans:
Examples of Group II Available Distribution Amount in a sentence
With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds, Subsequent Recoveries and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04, 4.07 and 4.08 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the related Group I or Group II Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so.
With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds, Subsequent Recoveries and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04, 4.07 and 4.08 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the Group I Available Distribution Amount or Group II Available Distribution Amount, as applicable, for the Distribution Date in the month of receipt, but is not obligated to do so.
With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the related Group I or Group II Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so.
Any such amounts shall be distributed on the immediately following Distribution Date as part of the Group I or Group II Available Distribution Amount, as applicable.
In addition, the Master Servicer shall deposit any refunds of any Mortgage Insurance Premiums into the Custodial Account for inclusion in the Group I Available Distribution Amount or Group II Available Distribution Amount, as applicable, for the following Distribution Date.
More Definitions of Group II Available Distribution Amount
Group II Available Distribution Amount. As to any Remittance Date, (a) the sum of (i) the amount on deposit in the Group II Certificate Account as of the end of the Due Period ending immediately prior to such Remittance Date, and (ii) the Monthly Advance with respect to Group II made in respect of such Remittance Date reduced by (b) the sum of (i) scheduled payments of principal and interest for Group II Contracts due after such Due Period and (ii) amounts permitted to be withdrawn by the Servicer from the Group II Certificate Account pursuant to clauses (i) through (v), inclusive, and (vii) of Section 6.02.
Group II Available Distribution Amount. With respect to a Distribution Date, the sum of the following amounts:
Group II Available Distribution Amount. As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group II Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group II Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group II Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a) in respect of the Group II Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group II Loans and (v) any amount deposited in the Certificate Account pursuant to Section 4.07 or 9.01 in respect of the Group II Loans, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (x) the Amount Held for Future Distribution with respect to the Group II Loans, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Group II Loans pursuant to clauses (ii)- (x), inclusive, of Section 3.10(a).
Group II Available Distribution Amount. As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group II Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group II Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group II Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to Section 3.12(a) in respect of the Group II Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group II Loans and (v) any amount deposited in the Certificate Account pursuant to Section 4.07, 4.08 or 9.01 in respect of the Group II Loans, reduced by (b) the sum as of the close of business on the immediately
Group II Available Distribution Amount. With respect to any Distribution Date, (i) the Group II Available Collection Amount plus (ii) any Group II Capitalized Interest Requirement and any amount transferred from the Group II Pre-Funding Account to the Group II Certificate Account for such Distribution Date plus (ii) with respect to the final Distribution Date or an early payment or termination of the Certificates pursuant to Section 13.2, the Termination Price as it relates to the Adjustable Rate Pool.
Group II Available Distribution Amount means the sum of the Interest Remittance Amount and Principal Funds relating to the Group II Mortgage Loans.
Group II Available Distribution Amount. As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group II Loans on deposit in the Collection Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Collection Account in connection with the substitution pursuant to Section 3.03 of Deleted Mortgage Loans that are Group II Loans reduced by the Servicing Fee, the Trustee Fee and the Premium Amount payable with respect to the Group II Loans or the Class A-II Certificates on such Distribution Date, (ii) the amount of any Monthly Advance made on the immediately preceding Distribution Account Deposit Date with respect to the Group II Loans, (iii) any amount deposited in the Distribution Account on the related Distribution Account Deposit Date pursuant to Section 6.03(c) in respect of the Group II Loans and (iv) any Purchase Price paid for Group II Mortgage Loans pursuant to Sections 2.02 and 3.02 hereof.