Guarantor Reimbursement Amount definition

Guarantor Reimbursement Amount. With respect to any Distribution Date, the sum of Guarantor Interest Reimbursement Amount and the Guarantor Principal Reimbursement Amount.
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Guarantor Reimbursement Amount. With respect to any Distribution Date, (i) the sum of any accrued but unpaid Guarantee Fees and (ii) the sum of all amounts paid by the Guarantor in respect of Deficiency Amounts on all prior Distribution Dates to the extent not previously reimbursed, with interest thereon at a rate equal to the Prime Rate plus 2.00%.
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Guarantor Reimbursement Amount. For any Distribution Date, the sum of all amounts paid by the Guarantor in respect of the 1-A Guaranty on all prior Distribution Dates to the extent not previously reimbursed.
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Examples of Guarantor Reimbursement Amount in a sentence

  • To Fannie Mae, the Guaranty Fee and any Guarantor Reimbursement Amount then due (to the extent not paid from the Group I Interest Collections.) 2.

  • To Fannie Mae, the Guaranty Fee and any Guarantor Reimbursement Amount then due.

  • To Fannie Mae the Guaranty Fee and any Guarantor Reimbursement Amount then due (to the extent not paid from the Group I Interest Collections.) 2.

  • The Certificates are payable solely from payments received on or with respect to the Mortgage Loans (other than the Servicing Fee, the Master Servicer Fee, the Trustee Fee and, with respect to Group I, the Guarantee Fee and the Guarantor Reimbursement Amount), money in the Principal and Interest Account, except as otherwise provided herein, earnings and the proceeds of property held as a part of the Trust Estate.


More Definitions of Guarantor Reimbursement Amount

Guarantor Reimbursement Amount. With respect to any Payment Date, the sum of all amounts paid by the Guarantor in respect of Deficiency Amounts on all prior Payment Dates to the extent not previously reimbursed, with interest thereon at a rate equal to the weighted average of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-6 Pass-Through Rates (to the extent such Classes are Outstanding).
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Guarantor Reimbursement Amount means, with respect to any Distribution Date and any Class of Guaranteed Certificates, the sum of all amounts paid by the Guarantor in respect of Deficiency Amounts for such Class on such Distribution Date and on all prior Distribution Dates, to the extent not previously reimbursed (including from collections in respect of any Mortgage Loan on which a Balloon Guarantor Payment was made).
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Guarantor Reimbursement Amount means with respect to any Distribution Date, the sum of all amounts paid by the guarantor in respect of Deficiency Amounts on all prior Distribution Dates, to the extent not previously reimbursed (including from collections in respect of any mortgage loan on which a Balloon Guarantor Payment was made).
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Guarantor Reimbursement Amount. With respect to any Distribution Date, the sum of Guarantor Interest Reimbursement Amount and the Guarantor Principal Reimbursement Amount with interest thereon at a rate equal to the weighted average Pass-Through Rates of the Class A-1 Certificates plus 2%.
Sample 1
Guarantor Reimbursement Amount. With respect to any Distribution Date, the sum, without duplication, of (i) any amounts owed to the Guarantor pursuant to Section 4.05(b) and (ii) the sum of all amounts paid by the Guarantor in respect of Guarantor Payments on all prior Distribution Dates to the extent not previously reimbursed, with interest thereon at a per annum rate for each day equal to the prime rate for United States money center commercial banks as published in The Wall Street Journal for such day plus 2.00%.
Sample 1

Related to Guarantor Reimbursement Amount

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

  • Reimbursement Amount As defined in Section 2.04.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • 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.

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

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Reimbursement Amounts As defined in Section 3.22.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

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

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Final Payment Percentage is five percent (5.00%).

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