Group II Capitalized Interest Requirement means, for any Remittance Date, the product of (i) the Weighted Average Group II Pass-Through Rate plus the Group II Premium Percentage plus the rate at which the Trustee Fee is calculated minus _____%, (ii) the Group II Pre-Funded Amount and (iii) the quotient of the number of Remittance Dates from such Remittance Date to the Remittance Date in ______________ and 12.
Group II Capitalized Interest Requirement. With respect to the Payment Dates in January and February 1997 and the Pre-Funding Payment Date, the excess, if any, of (x) the interest on the Class A-8 Certificates on such Payment Date calculated at the Class A-8 Pass-Through Rate over (y) the sum of (i) one-month's interest on the aggregate Loan Balances of the Mortgage Loans in Group II 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 II less the applicable Servicing Fee Rate as of such Payment Date (or Pre-Funding Payment Date) and (ii) any Group II 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 II 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 Class A-8 Certificates on such Payment Date plus (b) the Premium Amount allocable to Group II and (y) the sum of (i) one month's interest on the aggregate Loan Balance of the Home Equity Loans in Group II as of the close of business on the last day of the immediately preceding Remittance Period, calculated at the Class A-8 Pass-Through Rate as of such Payment Date and (ii) any Group II Pre-Funding Account Earnings to be transferred to the Certificate Account on such Payment Date, if any.
More Definitions of Group II Capitalized Interest Requirement
Group II Capitalized Interest Requirement. $27,446.74.
Group II 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 (or from the Startup Day, in the case of the July 1999 Payment Date) through the Subsequent Transfer Date at a rate equal to the sum of the Class A-2 Pass-Through Rate plus the Fees and Expenses related to Group II (expressed as a per annum rate), less the portion of the Pre-Funding Account earnings allocable to Group II (expressed as a per annum rate), on the amount by which the Class A-2 Certificate Principal Balance exceeds the aggregate Loan Balance of the Mortgage Loans in Group II at the date of determination.
Group II Capitalized Interest Requirement. As to any Payment Date occurring during the Pre-Funding Period, the difference, if any, between (x) the Group II Interest Distribution Amount on such Payment Date plus the Premium Amount relating to the Group II Certificates and the Trustee's Fee relating to the Group II Certificates as of such Payment Date and (y) the sum of (i) the Group II Interest Remittance Amount for such Payment Date and (ii) any Pre-Funding Earnings relating to Group II to be transferred to the Certificate Account on such Payment Date pursuant to Section 7.4 hereof.
Group II Capitalized Interest Requirement. With respect to the Payment Date in __________ 199_, the excess, if any, of (x) the interest on the Group II Certificates on such Payment Date calculated at the Group II 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 II 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 II less the applicable Servicing Fee Rate as of such Payment Date and (ii) any Group II Pre-Funding Account Earnings to be transferred to the Capitalized Interest Account on such Payment Date pursuant to Section 7.04(d) hereof.
Group II Capitalized Interest Requirement. With respect to the Payment Dates in January and February 1999, the excess, if any, of (x) the sum of the interest accruing at a rate equal to the Class A-2 Pass-Through Rate (1) on the aggregate Loan Balances of the Subsequent Mortgage Loans transferred to the Trust on each Subsequent Transfer Date during the month preceding the related Payment Date for the period from the first day of the related Remittance Period to the Subsequent Cut-Off Date (provided, however, if the related Subsequent Cut-Off Date begins on or prior to such Remittance Period, the related Loan Balances will be zero), plus (2) on the Pre-Funded Amount outstanding as of the end of the Remittance Period for a period equal to the Remittance Period over (y) any Pre-Funding Account Earnings to be distributed to the Capitalized Interest Account on the related Payment Date pursuant to Section 7.4(d).
Group II Capitalized Interest Requirement. As of any Payment Date occurring during the Pre-Funding Period and the Payment Date immediately following the Pre-Funding Period, the difference, if any, between (x) the sum of (i) the Group II Interest Distribution Amount on such Payment Date, (ii) the Premium Amount relating to the Group II Certificates and (iii) the Trustee's Fee relating to the Group II Certificates and (y) the sum of (i) the Group II Interest Remittance Amount for such Payment Date and (ii) any Pre-Funding Earnings relating to the Group II Pre-Funded Amount to be transferred to the Certificate Account on such Payment Date pursuant to Section 7.04 hereof.
Group II 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 II Pre-Funding Amount on the Closing Date and the denominator of which is the Original Adjustable Rate Pool Principal Balance and (b) the sum of (i) the aggregate amount of interest accrued on each Class of Group II Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group II Certificates for such Distribution Date and (iii) the Trustee Fee with respect to the Group II Certificates for such Distribution Date minus (B) any Group II Pre-Funding Earnings for the related Due Period and minus (C) in the case of any Subsequent Mortgage Loan that is a Adjustable 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 II Pre-Funding Amount on the first day of the related Due Period and the denominator of which the Adjustable 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 II Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group II Certificates for such Distribution Date and (iii) the Trustee Fee with respect to the Group II Certificates for such Distribution Date minus (B) any Group II Pre-Funding Earnings for the related Due Period and minus (C) in the case of any Subsequent Mortgage Loan that is a Adjustable 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 II Pre-Funding Amount on the first day of the related Due Period and the denominator of which the Adjustable 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 II Certificates for the related Interest Period (ii) the Certificate Insurance Premium with respect to the Group II Certificates for such Dis...