Monthly Excess Cashflow definition

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.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) the Pool 1 Monthly Excess Interest and the Pool 2 Monthly Excess Interest for such date, (ii) the Aggregate Overcollateralization Release Amount for such date and (iii) any remaining Principal Distribution Amount from either Mortgage Pool after making the distributions in Section 5.02(d) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (1) the Pool 1 Monthly Excess Interest, the Pool 2 Monthly Excess Interest and the Pool 3 Monthly Excess Interest for such date and (2) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Examples of Monthly Excess Cashflow in a sentence

• Any Principal Distribution Amount remaining on any Distribution Date after the Target Amount is achieved will be applied as part of Monthly Excess Cashflow for such Distribution Date as provided in subsection (d) of this Section.

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

• Such class will be entitled to receive the amount of any Basis Risk Shortfall on a subordinated basis from Monthly Excess Cashflow treated as paid from and to the extent of funds on deposit in a reserve fund (the “Basis Risk Reserve Fund”).

• On the first Distribution Date following the expiration of the latest prepayment term with respect to the related Mortgage Loans and if funds are available on such date, the Class P Certificates shall be entitled to its outstanding Certificate Principal Balance prior to any distributions of Net Monthly Excess Cashflow pursuant to Section 4.01(a)(3) on such Distribution Date.

• Excess Proceeds, if any, from the liquidation of a Liquidated Mortgage Loan will be part of Monthly Excess Cashflow.

More Definitions of Monthly Excess Cashflow

Monthly Excess Cashflow. With respect to any Distribution Date, the sum, without duplication, of (w) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 4.1(b)(vii), (x) that portion, if any, of the Principal Remittance Amount for such date available for distribution pursuant to Section 4.1(c)(i)(E) or 4.1(c)(ii)(E), (y) the Aggregate Overcollateralization Release Amount for such date and (z) Excess Proceeds for such date.

Monthly Excess Cashflow. With respect to any Payment Date, the sum, of (i) the Monthly Excess Interest for such date, (ii) the Overcollateralization Release Amount for such date and (iii) any remaining Principal Payment Amount after application pursuant to Section 4.1(c) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, means the sum of (a) the Monthly Excess Interest, (b) the Overcollateralization Release Amount, if any, for such Distribution Date, and (c) the Principal Remittance Amount remaining following payments of the Principal Payment Amount to the Senior Certificates and Subordinate Certificates.

Monthly Excess Cashflow. With respect to any Distribution Date, the excess, if any, of (i) the Available Distribution Amount for such Distribution Date over (ii) the sum of (A) the amount of interest distributions on all Classes of Offered Certificates pursuant to clauses (i) through (iii) of Section 4.01(a) and (B) the Principal Collections for the related Collection Period.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 5.02(b)(viii) of this Agreement and (y) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) the Monthly Excess Interest for such date, (y) Overcollateralization Release Amount for such date and (z) that portion, if any, of the Principal Distribution Amount for such date available for distribution pursuant to Section 5.02(c)(i)(C) or Section 5.02(c)(ii)(L) hereof.

Monthly Excess Cashflow. For any Payment Date, an amount equal to the portion of the Remittance Amount, if any, remaining after the payments of interest and principal under Sections 3.05(b) (c) and (d) of the Indenture.