Group II Interest Funds definition

Group II Interest Funds. With respect to Group II Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) all scheduled interest due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date less the Servicing Fee with respect to the Group II Mortgage Loans, (ii) all Advances relating to interest with respect to the Group II Mortgage Loans, (iii) all Compensating Interest with respect to the Group II Mortgage Loans, (iv) Liquidation Proceeds with respect to the Group II Mortgage Loans (to the extent such Liquidation Proceeds relate to interest), (v) proceeds of any purchase pursuant to Sections 2.02, 2.03, 3.12 or 9.01 (to the extent such proceeds relate to interest) and (vi) prepayment penalties and late payment fees received with respect to the Group II Mortgage Loans during the related Prepayment Period, less all Non-Recoverable Advances with respect to the Group II Mortgage Loans relating to interest reimbursed during the related Due Period.
Group II Interest Funds. With respect to Group and any Master Servicer Remittance Date, to the extent II and any Master Servicer Remittance Date, to the actually deposited in the Master Servicer Custodial extent actually deposited in the Master Servicer Account, the sum, without duplication, of (i) all Custodial Account, the sum, without duplication, of (i) scheduled interest collected during the related Due all scheduled interest collected during the related Due Period with respect to Group I less the Group I Servicing Period with respect to Group II less the Group II Fee and the Group I Master Servicing Fee, (ii) all Servicing Fee and the Group II Master Servicing Fee, Advances relating to interest with respect to Group I, (ii) all Advances relating to interest with respect to (iii) all Month End Interest with respect to Group I and Group II, (iii) all Month End Interest with respect to (iv) Liquidation Proceeds with respect to Group I (to the Group II and (iv) Liquidation Proceeds with respect to extent such Liquidation Proceeds relate to interest) less Group II (to the extent such Liquidation Proceeds all Non-Recoverable Advances relating to interest and relate to interest) less all Non-Recoverable Advances expenses pursuant to Section 6.03 of the Standard Terms. relating to interest and expenses pursuant to Section 6.03 of the Standard Terms.
Group II Interest Funds. With respect to Group II and any Master Servicer Remittance Date, to the extent actually deposited in the Master Servicer Custodial Account, the sum, without duplication, of:

Examples of Group II Interest Funds in a sentence

  • The Group II Interest Funds for any Distribution Date shall be increased by the pro rata portion for such Group (based on the amount on deposit in the Pre-Funding Account in respect of such Group) of the Capitalized Interest Requirement withdrawn from the Capitalized Interest Account for such Distribution Date.

  • On each Distribution Date, the Group I Available Distribution amount for Pool I, the Group II Interest Funds and the Group II Principal Distribution Amount for Pool II and such date and Group II Monthly Excess Cashflow for Pool II for such date will be distributed from the Certificate Account to Holders of the related Certificates according to the terms of the Pooling and Servicing Agreement.


More Definitions of Group II Interest Funds

Group II Interest Funds. With respect to Group II and any Master Servicer Remittance Date, the sum, without duplication, of (i) all scheduled interest collected during the related Due Period less the Group II Servicing Fee and the Group II Master Servicing Fee, (ii) all Advances relating to interest with respect to Group II, (iii) all Month End Interest and (iv) Liquidation Proceeds (to the extent such Liquidation Proceeds relate to interest) less all Non-Recoverable Advances relating to interest and expenses pursuant to Section 6.03 of the Standard Terms.
Group II Interest Funds. With respect to Group II Mortgage Loans and any Servicer Advance Date, the sum, without duplication, of (i) all scheduled interest collected during the related Due Period with respect to the Group II Mortgage Loans less the sum of (a) the Servicing Fee and (b) the Master Servicer Fee, (ii) all Advances relating to interest with respect to the Group II Mortgage Loans, (iii) all Compensating Interest with respect to the Group II Mortgage Loans and (iv) Liquidation Proceeds with respect to the Group II Mortgage Loans (to the extent such Liquidation Proceeds relate to interest) less all Non-Recoverable Advances relating to interest reimbursed during the related Due Period.
Group II Interest Funds. With respect to any Distribution Date and Pool II, the sum of (1) all interest received or advanced by the Servicer or the Master Servicer for the related Collection Period and available in the Certificate Account on that Distribution Date with respect to the Pool II Mortgage Loans, (2) all Compensating Interest Payments paid with respect to the Pool II Mortgage Loans that were prepaid during the related Prepayment Period, (3) the portion of any purchase price or other amount paid with respect to the Pool II Mortgage Loans allocable to interest; net of any fees or other amounts reimbursable to the Master Servicer, the Servicer, the Securities Administrator, the Trustee, the Custodian and the Delaware Trustee as provided in the Agreements to the extent allocable to Pool II and (4) with respect to the Distribution Date in April 2007, the Initial Group II Interest Deposit.
Group II Interest Funds. With respect to Group II Mortgage Loans and any Servicer Advance Date, the sum, without duplication, of (i) all scheduled interest due during the related Due Period and received before the related Servicer Remittance Date or Advanced on or before the related Servicer Remittance Date less the sum of (a) the Servicing Fee with respect to the Group II Mortgage Loans and (b) the Master Servicer Fee with respect to the Group II Mortgage Loans, (ii) all Advances relating to interest with respect to the Group II Mortgage Loans, (iii) all Compensating Interest with respect to the Group II Mortgage Loans, (iv) Liquidation Proceeds with respect to the Group II Mortgage Loans (to the extent such Liquidation Proceeds relate to interest) less all Non-Recoverable Advances with respect to the Group II Mortgage Loans relating to interest reimbursed during the related Due Period, and (v) any amount withdrawn from the Capitalized Interest Account allocable to Loan Group II pursuant to Section 4.07 hereof.
Group II Interest Funds. With respect to Group II Mortgage Loans and any Servicer Advance Date or Distribution Date, the sum, without duplication, of (i) all scheduled interest collected during the related Due Period with respect to the Group II Mortgage Loans and deposited into the Certificate Account along with any available funds deposited in the Collection Account during the related Due Period in respect of interest collections previously collected and not deposited into the Collection Account on or before the related Servicer Remittance Date less the sum of (a) the Servicing Fee with respect to the Group II Mortgage Loans and (b) the Master Servicer Fee with respect to the Group II Mortgage Loans, (ii) all Advances relating to interest with respect to the Group II Mortgage Loans, (iii) all Compensating Interest with respect to the Group II Mortgage Loans, (iv) Liquidation Proceeds with respect to the Group II Mortgage Loans (to the extent such Liquidation Proceeds relate to interest) less all Non-Recoverable Advances with respect to Group II Mortgage Loans relating to interest reimbursed during the related Due Period and (v) the portion at any Insured Payment with respect to such Distribution Date required to pay the amounts specified in clause (i) of the definition of "Insured Distribution Amount."
Group II Interest Funds. With respect to any Distribution Date and Aggregate Loan Group II, the excess of the Group II Interest Remittance Amount over the Trustee Fee for Aggregate Loan Group II for such Distribution Date.
Group II Interest Funds. With respect to any Distribution Date, the Interest Funds for Loan Group II for that Distribution Date.