Monthly Excess Cashflow Amount definition

Monthly Excess Cashflow Amount. The sum of the Monthly Excess Interest Amount, the Overcollateralization Release Amount and (without duplication) any portion of the Principal Distribution Amount remaining after principal distributions on the Offered Certificates.

Monthly Excess Cashflow Amount. With respect to each Distribution Date, the sum of the Monthly Excess Interest Amount for such Distribution Date, the Overcollateralization Release Amount for such Distribution Date and (without duplication) any portion of the Principal Distribution Amount remaining after all distributions have been made pursuant to Section 4.02(a) hereof on such Distribution Date.

Monthly Excess Cashflow Amount. The sum of (a) the Monthly Excess Interest Amount remaining after reduction (but not below zero) by any Current Interest Shortfall and any amounts used to fund any Extra Principal Distribution Amount, (b) the Overcollateralization Release Amount and (c) any portion of the Principal Distribution Amount (without duplication) remaining after principal distributions on the Certificates (other than the Class CE, Class P and Residual Certificates).

Examples of Monthly Excess Cashflow Amount in a sentence

• Principal and the Monthly Excess Cashflow Amount in respect of this Certificate is distributable monthly as set forth in the Pooling and Servicing Agreement.

• Class M-2 Realized Loss Amortization Amount ------------------------------------------- As to the Class M-2 Certificates and as of any Distribution Date, the lesser of (a) the Unpaid Realized Loss Amount for the Class M-2 Certificates as of that Distribution Date and (b) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum of the amounts described in clauses (i) through (viii) of Section 4.02(d) for that Distribution Date.

• Class M-1 Realized Loss Amortization Amount ------------------------------------------- As to the Class M-1 Certificates and as of any Distribution Date, the lesser of (a) the Unpaid Realized Loss Amount for the Class M-1 Certificates as of that Distribution Date and (b) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum of the amounts described in clauses (i) through (v) of Section 4.02(d) for that Distribution Date.

• As to the Class M-5 Certificates and as of any Distribution Date, the lesser of (a) the Unpaid Realized Loss Amount for the Class M-5 Certificates as of that Distribution Date and (b) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum of the amounts described in clauses (i) through (xvii) of Section 4.02(d) for that Distribution Date.

• With respect to any Distribution Date, (a) on or after the Stepdown Date on which a Trigger Event is not in effect, the lesser of (i) the Monthly Excess Cashflow Amount remaining after giving effect to the distributions set forth in clauses (i) through (xxxi) of Section 4.02(d) for that Distribution Date and (ii) the Overcollateralization Release Amount for that Distribution Date or (b) before the Stepdown Date or on which a Trigger Event is in effect, zero.

More Definitions of Monthly Excess Cashflow Amount

Monthly Excess Cashflow Amount. As defined in Section 7.03(b)(viii) hereof.

Monthly Excess Cashflow Amount. For any Payment Date, the sum of (x) the Monthly Excess Interest Amount and (y) the Overcollateralization Release Amount for such Payment Date.

Monthly Excess Cashflow Amount. The sum of (i) the Monthly Excess Interest Amount and (ii) the Overcollateralization Release Amount.

Monthly Excess Cashflow Amount. With respect to either Mortgage Loan Group and any Distribution Date means the sum of (x) the amount, if any, of Monthly Interest remaining in the Certificate Account with respect to such Mortgage Loan Group after application with respect to the priorities set forth in Section 5.01(a), clause First through Fifth, plus (y) the amount of any Overcollateralization Release Amount with respect to such Mortgage Loan Group for such Distribution Date.

Monthly Excess Cashflow Amount. With respect to any Mortgage Loan Group and any Distribution Date, the Available Funds remaining after the application of payments in clauses (1) through (5) of Section 5.01(b).

Monthly Excess Cashflow Amount. The sum of (x) the Overcollateralization Release Amount and (y) the excess of Available Funds over the sum of (i) the interest paid on the Offered Certificates on that Distribution Date and (ii) the Basic Principal Distribution Amount.

Monthly Excess Cashflow Amount. With respect to either Mortgage Loan Group and any Distribution Date means the sum of (x) the amount, if any, of Monthly Interest remaining in the Certificate Account with respect to such Mortgage Loan Group after application with respect to the priorities set forth in Section 5.01(a), clause First through Fifth, plus (y) the amount of any Overcollateralization Release Amount with respect to such Mortgage Loan Group for such Distribution Date plus (z) in the case of the Fixed Rate Group only, amounts available, if any, pursuant to clause (6) Section 5.01(d), or in the case of the Adjustable Rate Group only, amounts available, if any, pursuant to Section 5.01(d), clause (11).