Monthly Remittance Amount definition

Monthly Remittance Amount. The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

Monthly Remittance Amount. As of any Monthly Remittance Date, the sum of (i) the Interest Remittance Amount for such Monthly Remittance Date and (ii) the Principal Remittance Amount for such Monthly Remittance Date.

Monthly Remittance Amount. With respect to Group I, the Group I Monthly Remittance Amount, and with respect to Group II, the Group II Monthly Remittance Amount.

Examples of Monthly Remittance Amount in a sentence

• Without limiting the generality of the foregoing, the Trustee shall, at the reasonable request of the Depositor, the Seller or any Owner, transmit promptly to the Depositor, the Seller and any Owner copies of all accountings of receipts in respect of the Home Equity Loans furnished to it by the Servicer and shall notify the Seller if any Monthly Remittance Amount has not been received by the Trustee when due.

• In the absence of written instructions by the Master Servicer, with respect to funds other than the WMMSC Monthly Remittance Amount, or WMMSC, with respect to the WMMSC Monthly Remittance Amount, as to the investment of funds held in the Collection Account or Distribution Account, such funds on deposit therein shall remain uninvested.

• Any investment earnings on funds held in the Principal and Interest Account shall be for the account of the Servicer and may only be withdrawn from the Principal and Interest Account by the Servicer immediately following the remittance of the Monthly Remittance Amount by the Servicer in accordance with the terms hereof.

• Any investment earnings on funds held in the Principal and Interest Account shall be for the account of the Servicer and may only be withdrawn from the Principal and Interest Account by the Servicer immediately following the remittance of the Monthly Remittance Amount (and the Total Monthly Excess Spread included therein) by the Servicer.

• In the absence of written instructions by (i) the Master Servicer, with respect to funds other than any WMMSC Monthly Remittance Amount, or (ii) WMMSC, with respect to any WMMSC Monthly Remittance Amount, to invest funds held in the Collection Account or Distribution Account, all funds on deposit therein shall remain uninvested.

More Definitions of Monthly Remittance Amount

Monthly Remittance Amount. The sum of the Fixed Rate Group Monthly Remittance Amount and the Adjustable Rate Group Monthly Remittance Amount.

Monthly Remittance Amount. With respect to each Remittance Date, the sum, without duplication, of (i) the aggregate payments on the Loans collected by the Servicer pursuant to Section 5.01(b)(1)(i) during the immediately preceding Remittance Period and (ii) the aggregate of amounts deposited into the Collection Account pursuant to Section 5.01(b)(1)(ii) through 5.01(b)(1)(xi) during the immediately preceding Remittance Period.

Monthly Remittance Amount. The sum of the Interest Remittance Amount and the Principal Remittance Amount.

Monthly Remittance Amount. As of any Monthly Remittance Date and with respect to a Loan Group, the sum of (i) the Interest Remittance Amount and (ii) the Principal Remittance Amount, in each case with respect to such Loan Group, for such Monthly Remittance Date.

Monthly Remittance Amount. As defined in Section 8.8(d)(iii) hereof.

Monthly Remittance Amount. As of any Monthly Remittance Date, (A) the sum, without duplication, of (i) all interest received (including any related Delinquency Advances) during the related Remittance Period with respect to the Home Equity Loans (net of the Servicing Fee), (ii) all Compensating Interest paid by the Servicer on such Monthly Remittance Date, (iii) the portion of the Loan Purchase Price amounts, and Substitution Amounts relating to interest on the Home Equity Loans paid by Nationstar Mortgage or the Servicer on or prior to such Monthly Remittance Date, (iv) the interest portion of all Net Liquidation Proceeds actually collected by the Servicer with respect to the Home Equity Loans during the related Remittance Period, (v) the principal actually collected by the Servicer with respect to Home Equity Loans during the related Remittance Period, (vi) the outstanding principal balance of each Home Equity Loan that was purchased from the Trustee on or prior to such Monthly Remittance Date, to the extent such outstanding principal balance was actually deposited in the Principal and Interest Account on or prior to such Monthly Remittance Date, (vii) any Substitution Amounts relating to principal delivered by Nationstar Mortgage in connection with a substitution of a Home Equity Loan, to the extent such Substitution Amounts were actually deposited in the Principal and Interest Account on or prior to such Monthly Remittance Date, (viii) the principal portion of all Net Liquidation Proceeds and Recoveries actually collected by the Servicer with respect to Home Equity Loans during the related Remittance Period, (ix) the amount of investment losses required to be deposited pursuant to Section 8.08(b), (x) any amounts required to be deposited by the Servicer pursuant to Section 8.02(b) and (xi) the Prepayment Charges actually collected by the Servicer with respect to Home Equity Loans during the related Remittance Period; minus (B) any amounts netted from the foregoing or withdrawn from the Principal and Interest Account by the Servicer as permitted by this Agreement.

Monthly Remittance Amount. With respect to any Payment Date (x) occurring on or prior to the Residual Cap Date, the aggregate amount of Collections received by the Servicer during the prior Collection Period with respect to the Series 1999-1 Trust Estate (other than Collections representing Advance Payments until such Advance Payments are applied as Collections), together with all Servicing Advances paid by the Servicer with respect to such Payment Date and (y) occurring after the Residual Cap Date, the amount described in clause (x) above less any Residual Receipts with respect to the related Collection Period. With respect to the Payment Date which is the Residual Cap Date, Residual Receipts with respect to the related Collection Period will only be included in the Monthly Remittance Amount to the extent that such inclusion would not result in Included Residual Receipts exceeding the Residual Cap Amount.