Group III Available Funds. With respect to any Distribution Date and the Group III Mortgage Loans, an amount equal to the excess of (i) the sum of (a) the aggregate of the related Monthly Payments received on or prior to the related Determination Date, (b) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Subsequent Recoveries and other unscheduled recoveries of principal and interest in respect of the Group III Mortgage Loans during the related Prepayment Period, (c) the aggregate of any amounts received in respect of a related REO Property withdrawn from any Protected Account and deposited in the Master Servicer Collection Account for such Distribution Date, (d) the aggregate of any amounts deposited in the Master Servicer Collection Account by the related Servicer or the Master Servicer in respect of related Prepayment Interest Shortfalls for such Distribution Date and (e) the aggregate of any related Monthly Advances made by the related Servicer or the Master Servicer for such Distribution Date, over (ii) the sum of (a) related amounts reimbursable or payable to the related Servicer or the Master Servicer pursuant to Sections 4.03 and 4.05, (b) related Stayed Funds, (c) related amounts deposited in the Master Servicer Collection Account or the Distribution Account, as the case may be, in error and (d) any Extraordinary Trust Fund Expenses.
Group III Available Funds. With respect to any Payment Date, the sum of the following, in each case with respect to the Group III Loans:
Group III Available Funds. With respect to any distribution date, the sum of (a) Interest Remittance Amount for Loan Group III for that distribution date, (b) the related Closing Date Deposit Amount and (c) the Principal Remittance Amount for Loan Group III for that distribution date, net of (d) with respect to Loan Group III, fees payable to, and other amounts reimbursable to, the Trustee, the Master Servicer, the Servicer, the Custodian and the Lender-Paid Insurer; provided however, the aggregate amount available for distributions to the holders of the Class III-A-1A Certificates on each distribution date will equal the (i) sum of (x) the total Interest Remittance Amount and Principal Remittance Amount distributable in respect of the Class III-A-1A Underlying Interest with respect to such distribution date and (y) the amounts, if any, received from the Swap Provider pursuant to the Interest Rate Swap Contract for such distribution date, minus (ii) all amounts required to be paid to the Swap Counterparty pursuant to the Interest Rate Swap Contract for the distribution date.
Examples of Group III Available Funds in a sentence
Threshold (optional): The market capitalization in which funds can no longer be transferred from the Reserve.
The amounts described in the preceding sentence, as determined separately with respect to the Group I Loans, Group II Loans and Group III Loans, with respect to each Distribution Date are the "Group I Available Funds," "Group II Available Funds" and "Group III Available Funds" for such Distribution Date.
Except as otherwise specified in this Article IV.B.1(a), the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock rank on a parity with each other with respect to dividend rights.
The interest portion of any Realized Losses with respect to the Group I Mortgage Loans, Group II Mortgage Loans or Group III Mortgage Loans occurring on or prior to the Group I Cross-Over Date, Group II Cross-Over Date or Group III Cross-Over Date, respectively, will not be allocated among any Certificates, but will reduce the amount of Group I Available Funds, Group II Available Funds or Group III Available Funds, respectively, on the related Distribution Date.
The principal portion of any Realized Losses with respect to the Group I Mortgage Loans, Group II Mortgage Loans or Group III Mortgage Loans occurring on or prior to the Cross-Over Date will not be allocated among any Senior Certificates, but will reduce the amount of Group I Available Funds, Group II Available Funds or Group III Available Funds, respectively, available for distribution on the related Distribution Date.
More Definitions of Group III Available Funds
Group III Available Funds. With respect to any Distribution Date, an amount equal to the excess of (i) the sum of (a) the aggregate of the Monthly Payments on the Group III Mortgage Loans due on the related Due Date and received on or prior to the related Determination Date, (b) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Gross Subsequent Recoveries and other unscheduled recoveries of principal and interest in respect of the Group III Mortgage Loans during the related Prepayment Period (other than any Prepayment Charges collected by the Master Servicer in connection with the full or partial prepayment of any of the Group III Mortgage Loans, any Master Servicer Prepayment Charge Payment Amount in connection with the Group III Mortgage Loans and any Prepayment Interest Excess with respect to the Group III Mortgage Loans), (c) the aggregate of any amounts received in respect of an REO Property acquired in respect of a Group III Mortgage Loan withdrawn from any REO Account and deposited in the Collection Account for such Distribution Date, (d) the aggregate of any amounts deposited in the Collection Account by the Master Servicer in respect of related Prepayment Interest Shortfalls on the Group III Mortgage Loans for such Distribution Date, (e) the aggregate of any Advances made by the Master Servicer or the Trustee for such Distribution Date with respect to the Group III Mortgage Loans, (f) the aggregate of any related advances made by or on behalf of the Trustee for such Distribution Date with respect to the Group III Mortgage Loans pursuant to Section 7.02(b) and (g) the aggregate of any amounts constituting proceeds of repurchases or substitutions of the Group III Mortgage Loans occurring during the related Prepayment Period over (ii) the sum, without duplication, of (a) amounts reimbursable or payable to the Depositor, the Master Servicer, the Trustee, the Seller, the NIMS Insurer or any Sub-Servicer pursuant to Section 3.11 in respect of the Group III Mortgage Loans or Section 3.12 or otherwise payable in respect of Extraordinary Trust Fund Expenses, (b) amounts deposited in the Collection Account or the Distribution Account pursuant to clauses (i)(a) through (g) above, as the case may be, in error, (c) Stayed Funds with respect to the Group III Mortgage Loans, (d) any Trustee Fee pursuant to Section 8.05 and any indemnification payments or expense reimbursements made by the Trust Fund pursuant to Section 8.05 with respect to the Group III Mortgage Loans, if a...
Group III Available Funds. As defined in Section 6.04(a).
Group III Available Funds. As of any Payment Date, the amount on deposit in the Certificate Account with respect to the Group III Mortgage Loans on such Payment Date after making the deposit to the Certificate Account pursuant to Section 7.3(a)(iii) hereof on such Payment Date. The term "Group III Available Funds" does not include Insured Payments and does not include any amounts that cannot be distributed to the Owners of the Certificates by the Trustee as a result of proceedings under the United States Bankruptcy Code.
Group III Available Funds does not include Insured Payments and does not include any amounts that cannot be distributed to the Owners of the Certificates by the Trustee as a result of proceedings under the United States Bankruptcy Code.
Group III Available Funds means the sum of Interest Funds and Principal Funds relating to Loan Group III.
Group III Available Funds. For any Payment Date, an amount equal to the amount received by the Indenture Trustee and available in the Payment Account on that Payment Date in respect of the Group III Loans. The Group III Available Funds generally includes: (1) all previously undistributed payments on account of principal (including the principal portion of Monthly Payments, Principal Prepayments and the principal amount of Net Liquidation Proceeds) and all previously undistributed payments on account of interest received after the Cut-Off Date and on or prior to the related Determination Date from the Group III Loans, (2) any Monthly Advances and Compensating Interest Payments on the Group III Loans made by the RMBS Master Servicer or RMBS Servicer for such Payment Date, (3) any amounts reimbursed by the RMBS Master Servicer, RMBS Servicer, the Indenture Trustee or the Securities Administrator in connection with losses on certain eligible investments in the Protected Accounts, Securities Administrator Collection Account or Payment Account, as applicable, and (4) any amounts withdrawn from the related Supplemental Carryover Reserve Account for such payment date and is net of (5) fees payable to, and other amounts reimbursable to the Indenture Trustee, the RMBS Master Servicer, the RMBS Servicer, the Securities Administrator, the Owner Trustee and other amounts as provided in the Indenture allocable to the Group III Loans.
Group III Available Funds. An amount equal to the sum of (a) the Group III-1 Available Funds and (b) the Group III-2 Available Funds.