Group II Net Monthly Excess Cashflow definition

Group II Net Monthly Excess Cashflow. As of any Distribution Date, an amount equal to (x) the Group II Available Funds minus (y) the sum of (i) the sum of the Group II Class A Interest Distribution Amount and the amount described in clause (b) of the definition of Group II Class A Principal Distribution Amount (calculated for this purpose without regard to any Group II Subordination Increase Amount, Group II Subordination Reduction Amount, Group II Subordination Deficit or portion thereof included therein) and (ii) the Group II Reimbursement Amount, if any, for such Distribution Date.
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Group II Net Monthly Excess Cashflow. With respect to any Distribution Date, an amount equal to the sum of (a) any Group II Overcollateralization Release Amount for such Distribution Date and (b) the positive excess of (x) the Group II Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class II-A Certificates, the Class II-AIO Certificates, the Class II-M1 Certificates, the Class II-BIO Certificates and the Group II Mezzanine Components, (B) the Unpaid Interest Shortfall Amounts for the Class II-A Certificates and the Class II-AIO Certificates and (C) the Group II Principal Remittance Amount.
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Group II Net Monthly Excess Cashflow. With respect to each Distribution Date, the sum of (a) any Group II Overcollateralization Release Amount for such Distribution Date and (b) the positive excess of (x) Group II Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class II-A Certificates and the Class II-S Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class II-A Certificates and the Class II-S1 Certificates, (C) the Group II Principal Remittance Amount, (D) the Group II Certificate Insurer Premium, (E) the Group II Certificate Insurer Reimbursement Amount and (F) the Group I Certificate Insurer Reimbursement Amount to the extent paid out of the Group II Interest Remittance Amount.
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Examples of Group II Net Monthly Excess Cashflow in a sentence

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

  • Any principal remaining undistributed following this distribution will be used in determining the amount of Group II Net Monthly Excess Cashflow, if any, for such Distribution Date.

  • Any Group I Principal Distribution Amount remaining undistributed after giving effect to subclause (A) and (B) above shall be used in determining the amount of Group II Net Monthly Excess Cashflow, if any, for such Distribution Date.

  • Any Group II Interest Remittance Amount remaining undistributed after giving effect to subclause (A) through (E) above shall be used in determining the amount of Group II Net Monthly Excess Cashflow, if any, for such Distribution Date.


More Definitions of Group II Net Monthly Excess Cashflow

Group II Net Monthly Excess Cashflow. With respect to any Distribution Date and Group II, 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 Senior Interest Distribution Amounts payable to the Holders of the Group II Senior Certificates, the aggregate of the related Interest Distribution Amounts payable to the Holders of the Group II Subordinate Certificates, as applicable, the related Principal Remittance Amount, and 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.
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Group II Net Monthly Excess Cashflow. With respect to Group II Certificates and any Distribution Date is the excess, if any, of (x) the Available Principal Payment Amount for such Distribution Date over (y) the sum for such Distribution Date of (A) the amount required to be distributed pursuant to Section 6.04(b)(1) on such Distribution Date and (B) the amount required to be distributed pursuant to Section 6.04(b)(2) on such Distribution Date.
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Group II Net Monthly Excess Cashflow. As of any Payment Date, the Group II 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 II Net Monthly Excess Cashflow. With respect to any Distribution Date, the excess of (x) the Group II Available Distribution Amount for such Distribution Date over (y) the sum for such Distribution Date of (A) the Group II Senior Interest Distribution Amount distributable to the holders of the Class AV Certificates, (B) the Interest Distribution Amount distributable to the holders of the Group II Mezzanine Certificates and (C) the Group I Principal Remittance Amount.
Sample 1
Group II Net Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) any Overcollateralization Reduction Amount relating to the Group II Certificates for such Distribution Date and (ii) the excess of (x) the Group II 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 AV-1 Certificates and the Interest Distribution Amount payable to the holders of the Group II Mezzanine Certificates and (B) the sum of the amounts described in clauses (b)(i) through (iii) of the definition of Group II Principal Distribution Amount.
Sample 1
Group II Net Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) any Group II Overcollateralization Reduction Amount for such Distribution Date and (ii) the excess of (x) the Group II 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 Group II Class A Certificates and the Interest Distribution Amount payable to the holders of the Group II Mezzanine Certificates, (B) any amounts paid to the Certificate Insurer or the Guarantor from the Group II Interest Remittance Amount, (C) any amounts distributed to the holders of the Group I Class A Certificates and the Group III Class A Certificates from the Group II Interest Remittance Amount and (D) the Group II Principal Remittance Amount.
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Related to Group II 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 date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • 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.

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

  • 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 II Available Funds As defined in Section 7.3(a)(ii) hereof.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • 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.

  • 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.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Class C 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 C Certificates.

  • 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.