Group II Reimbursement Amount definition

Group II Reimbursement Amount. As of any Payment Date, the sum of (x)(i) all Group II Insured Payments previously received by the Trustee and not previously repaid to the Certificate Insurer pursuant to Sections 7.5(d)(ii)(C) and 7.5(d)(ii)(D) hereof plus (ii) interest accrued on each such Group II Insured Payment not previously repaid calculated at the Late Payment Rate from the date the Trustee received the related Group II Insured Payment to, but not including, such Payment Date and (y)
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Group II Reimbursement Amount. As of any Distribution Date, the sum of (a)(i) all Group II Insured Payments (as defined in the Group II Certificate Insurance Policy) previously paid by the Certificate Insurer and in each case not previously repaid to the Certificate Insurer pursuant to Sections 6.05(b) or 6.05(c) hereof plus (ii) interest accrued on each such Group II Insured Payment not previously repaid calculated at a rate equal to the sum of (A) the weighted average of the Group II Class A Pass-Through Rates on the Group II Class A Certificates (other than the Group II Fixed Strip Certificates) and (B) the Group II Class A Pass-Through Rate on the Group II Fixed Strip Certificates times (x) the Notional Amount of the Group II Fixed Strip Component divided by (y) the aggregate Certificate Principal Balance of the Group II Class A Certificates from the date such Group II Insured Payment was made and (b)(i) any amounts then due and owing to the Certificate Insurer under the Insurance Agreement, as certified to the Trustee by the Certificate Insurer plus (ii) interest on such amounts at the Late Payment Rate (as defined in the Insurance Agreement). The Certificate Insurer shall notify the Trustee and the Company of the amount of any Group II Reimbursement Amount.
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Group II Reimbursement Amount. As of any Distribution Date, the sum of (a)(i) all Group II Insured Payments (as defined in the Group II Certificate Insurance Policy) previously paid by the Certificate Insurer and in each case not previously repaid to the Certificate Insurer pursuant to Sections 6.05(b) or 6.05(c) hereof plus (ii) interest accrued on each such Group II Insured Payment and Group II Preference Payments not previously repaid calculated at the Group II Class A Pass-Through Rate from the date such Group II Insured Payment or Group II Preference Amount was made and (b)(i) any amounts then due and owing to the Certificate Insurer under the Insurance Agreement, as certified to the Trustee by the Certificate Insurer plus (ii) interest on such amounts at the Late Payment Rate (as defined in the Insurance Agreement). The Certificate Insurer shall notify the Trustee and the Company of the amount of any Group II Reimbursement Amount.
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Examples of Group II Reimbursement Amount in a sentence

  • The Certificate Insurer shall be entitled to receive the Group I Reimbursement Amount or Group II Reimbursement Amount, as applicable, pursuant to Sections 7.5(x) and (xi) hereof with respect to each Insured Payment made by the Certificate Insurer.


More Definitions of Group II Reimbursement Amount

Group II Reimbursement Amount. As of any Payment Date, the sum of (a)(i) all Insured Payments previously paid by the Certificate Insurer in respect of Group II and all Preference Amounts relating to Group II (in respect of Group II) previously paid by the Certificate Insurer and in each case not previously repaid to the Certificate Insurer pursuant to 7.5(b)(iii) and (iv) hereof plus (ii) interest accrued on each such Insured Payment and such Preference Amounts not previously repaid calculated at the Class A-5 Pass-Through Rate in each case from the date the Certificate Insurer paid the related Insured Payment or the Preference Amounts, as the case may be, and (b)(i) any amounts then due and owing to the Certificate Insurer under the Insurance Agreement relating to Group II, as certified to the Trustee by the Certificate Insurer plus (ii) interest on such amounts at the rate specified in the Insurance Agreement. The Certificate Insurer shall notify the Trustee and the Sponsor of the amount of any Group II Reimbursement Amount.
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Group II Reimbursement Amount. As of any Distribution Date, the sum of (a)(i) all Group II Insured Payments (as defined in the Group II Certificate Insurance Policy) previously paid by the Certificate Insurer and in each case not previously repaid to the Certificate Insurer pursuant to Sections 6.05(b) or 6.05(c) hereof plus (ii) interest accrued on each such Group II Insured Payment not previously repaid calculated at a rate equal to the sum of (A) the weighted average of the Group II Class A Pass-Through Rates on the Group II Class A Certificates (other than the Group II Fixed Strip Component) and (B) the Group II Class A Pass-Through Rate on the Group II Fixed Strip Component times (x) the Notional Amount of the Group II Fixed Strip Component divided by (y) the aggregate Certificate Principal Balance of the Group II Class A Certificates from the date such Group II Insured Payment was made and (b)(i) any amounts then due and owing to the Certificate Insurer under the Insurance Agreement, as certified to the Trustee by the Certificate Insurer plus (ii) interest on such amounts at the Late Payment Rate (as defined in the Insurance Agreement). The Certificate Insurer shall notify the Trustee and the Company of the amount of any Group II Reimbursement Amount.
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Group II Reimbursement Amount. As of any Payment Date, the sum of (x)(i) all Group II Insured Payments previously received by the Trustee not previously repaid to the Certificate Insurer pursuant to Section 7.5(b)(D)(3) and (4) hereof plus (ii) interest accrued on each such Group II Insured Payment not previously repaid calculated from the date the Trustee received the related Group II Insured Payment at the Late Payment Rate applicable to such date and (y) (i) any other amounts then due and owing to the Certificate Insurer relating to the Group II Certificates under the Insurance Agreement plus (ii) interest on such amounts at the Late Payment Rate, if applicable. On each Determination Date, the Certificate Insurer shall notify the Trustee and the Sponsor of the amount of any Group II Reimbursement Amount if such amount is greater than zero.
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Group II Reimbursement Amount. As of any Payment Date, the sum of (a)(i) all Insured Payments previously paid by the Certificate Insurer in respect of Group II and all Preference Amounts relating to Group II (in respect of Group II) previously paid by the Certificate Insurer and in each case not previously repaid to the Certificate Insurer pursuant to 7.5(b)(iii) and (iv) hereof plus (ii) interest accrued on each such Insured Payment and such Preference Amounts not previously repaid calculated at the Class A-5 Pass-Through Rate in each case from the date the Certificate Insurer paid the related Insured Payment or the Preference Amounts, as the case may be, and (b)
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Group II Reimbursement Amount. As of any Payment Date, the sum of (x)(i) all Group II Insured Payments previously received by the Trustee not previously repaid to the Class A-8 and Class A-9 Certificate Insurer pursuant to Sections 7.5(g)(2) and 7.5(g)(4) hereof plus (ii) interest accrued on each such Group II Insured Payment not previously repaid calculated from the date the Trustee received the related Group II Insured Payment at the Class A-8 Pass-Through Rate or Class A-9 Pass-Through Rate applicable to such date and (y) (i) any amounts then due and owing to the Class A-8 and Class A-9 Certificate Insurer relating to the Class A-8 Certificates or the Class A-9 Certificates under the Insurance Agreement plus (ii) interest on such amounts at the Late Payment Rate. The Class A-8 and Class A-9 Certificate Insurer shall notify the Trustee and the Sponsor of the amount of any Group II Reimbursement Amount.
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Related to Group II Reimbursement Amount

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Reimbursement Amount As defined in Section 2.04.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • 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 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.

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • 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.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Allocation Amount means, as of the Closing Date, the Series 2023-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2023-1 Stated Principal Amount resulting from the issuance of additional Series 2023-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2023-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding DollarPrincipal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Loan Group I Cap With respect to the Group I 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 I 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.

  • 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.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • 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.