Interest Coverage Distribution Amount definition
Interest Coverage Distribution Amount. With respect to each Distribution Date, an amount equal to (x) the weighted average of the Net Mortgage Rates on the then outstanding Mortgage Loans, weighted based on the Stated Principal Balances of such Mortgage Loans as of the related Due Date prior to giving effect to any reduction in the Stated Principal Balances of such Mortgage Loans on such Due Date, multiplied by (y) the sum of (A) the Remaining Pre-Funded Amount outstanding at the end of the related Due Period and (B) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a Subsequent Cut-off Date prior to end of the related Due Period, transferred to the Trust during the related Due Period.
Interest Coverage Distribution Amount. With respect to each Distribution Date, an amount equal to (x) the weighted average of the Net Mortgage Rates on the then outstanding Mortgage Loans as of the first day of the month preceding the month in which such Distribution Date occurs, weighted based on the Stated Principal Balances of such Mortgage Loans as of the beginning of the related Due Period, multiplied by (y) the sum of (A) the remaining Pre-Funded Amount outstanding as of the beginning of the related Due Period and (B) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans transferred to the Trust during the related Due Period that do not have a Subsequent Cut-off Date prior to the beginning of the related Due Period, divided by (z) 12.
Interest Coverage Distribution Amount. With respect to the January 2005 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the Group I, Group II, Group III Certificates and the Subordinate Certificates at a per annum rate equal to (x) the weighted average of the Pass-Through Rates of such Classes of Certificates for such Distribution Date multiplied by (y) the Pre-Funding Amount outstanding at the end of the related Due Period. With respect to the February 2005 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the Group I, Group II, Group III Certificates and the Subordinate Certificates at a per annum rate equal to (x) the weighted average of the Pass-Through Rates of such Classes of Certificates for such Distribution Date multiplied by (y) the sum of (c) the Pre-Funding Amount at the end of the related Due Period and (d) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a Subsequent Cut-off Date prior to February 1, 2005, transferred to the Trust during the related Due Period. With respect to the March 2005 Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the Group I, Group II, Group III Certificates and the Subordinate Certificates at a per annum rate equal to (x) the weighted average of the Pass-Through Rates of such Classes of Certificates for such Distribution Date multiplied by (y) the sum of (c) the Pre-Funding Amount at the end of the related Due Period and (d) the aggregate Stated Principal Balance of the related Subsequent Mortgage Loans that do not have a Subsequent Cut-off Date prior to March 1, 2005, transferred to the Trust during the related Due Period.
More Definitions of Interest Coverage Distribution Amount
Interest Coverage Distribution Amount. With respect to each Distribution Date, an amount equal to interest accruing during the related Interest Accrual Period for the Senior Certificates, Subordinate Certificates and Class X Certificates at a per annum rate equal to (x) the weighted average of the Pass-Through Rates of such Classes of Certificates for such Distribution Date multiplied by (y) the Pre-Funding Amount outstanding at the end of the related Due Period.
Interest Coverage Distribution Amount. With respect to each Distribution Date, an amount equal to (x) the weighted average of the Net Mortgage Rates on the then outstanding Mortgage Loans, weighted based on the Stated Principal Balances of such Mortgage Loans as of the related Due Date prior to giving effect to any reduction in the Stated Principal Balances of such Mortgage Loans on such Due Date, multiplied by (y) the sum of (A) the Remaining Pre-Funded Amount outstanding at the end of the related Due Period and (B) the aggregate Stated Principal Balance of the Subsequent Mortgage Loans that do not have a Subsequent Cut-off Date prior to the end of the related Due Period, transferred to the Trust during the related Due Period. Balance of the related Subsequent Mortgage Loans that do not have a Subsequent Cut-off Date prior to the end of the related Due Period, transferred to the Trust during the related Due Period.