Net Prepayment Interest Shortfalls definition

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls during the related Prepayment Period exceeds the Compensating Interest for that Distribution Date.

Net Prepayment Interest Shortfalls. As to any Distribution Date and each Mortgage Pool, the amount by which the aggregate of Prepayment Interest Shortfalls in respect of the Mortgage Loans or such Mortgage Pool during the related Prepayment Period exceeds an amount equal to the Compensating Interest paid in respect of such Mortgage Loans, if any, for such Distribution Date.

Examples of Net Prepayment Interest Shortfalls in a sentence

• For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls allocated to the Class C Interest pursuant to the paragraph above shall be allocated among the Class C Certificates on a pro rata basis based on one month’s interest.

• All Net Prepayment Interest Shortfalls and Relief Act Shortfalls shall be allocated on each Distribution Date among the classes of each of REMIC I, REMIC II, REMIC III and REMIC IV in the proportion that Net Prepayment Interest Shortfalls and Relief Act Shortfalls are allocated to the related Master REMIC Regular Interests.

• For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls allocated to the Class C Interest pursuant to the paragraph above shall be allocated among the Class C Certificates on a pro rata basis based on one month's interest.

• All Net Prepayment Interest Shortfalls and Relief Act Shortfalls shall be allocated on each Distribution Date among the Classes of each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V in the proportion that Net Prepayment Interest Shortfalls and Relief Act Shortfalls are allocated to the related Master REMIC Regular Interests.

• Net Prepayment Interest Shortfalls ---------------------------------- As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls during the related Due Period exceeds an amount equal to the aggregate Servicing Fee for such Distribution Date before reduction of the Servicing Fee in respect of such Prepayment Interest Shortfalls.

More Definitions of Net Prepayment Interest Shortfalls

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls during the related Prepayment Period exceeds an amount equal to one-half of the aggregate Basic Master Servicing Fee for such Distribution Date before reduction of the Basic Master Servicing Fee in respect of such Prepayment Interest Shortfalls.

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for such Loan Group during the related Prepayment Period exceeds an amount equal to the sum of (a) one-half of the aggregate Basic Master Servicing Fee for such Loan Group for such Distribution Date before reduction of the Basic Master Servicing Fee in respect of such Prepayment Interest Shortfalls and (b) the excess of one-half of the aggregate Basic Master Servicing Fee with respect to the Mortgage Loans of the other Loan Group for such Distribution Date over Prepayment Interest Shortfalls experienced by the Mortgage Loans in such other Loan Group during such Prepayment Period.

Net Prepayment Interest Shortfalls. For any Payment Date and either Group of Mortgage Loans, the amount by which the aggregate Prepayment Interest Shortfalls for such Group during the related Prepayment Period exceeds available Compensating Interest for such Group.

Net Prepayment Interest Shortfalls. As to any Payment Date and Loan Group, the amount by which the aggregate of the Prepayment Interest Shortfalls for such Loan Group during the related Prepayment Period exceeds an amount equal to the sum of (a) the Compensating Interest for such Loan Group and Payment Date and (b) the excess, if any, of the Compensating Interest for each other Loan Group for that Payment Date over the Prepayment Interest Shortfalls experienced by the Mortgage Loans in each such other Loan Group during such Prepayment Period.

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls exceeds the Compensating Interest Payments for that Distribution Date (and any amounts paid by the Master Servicer in respect of such shortfalls pursuant to Section 5.06). Each Class' pro rata share of the Net Interest Shortfalls on the Mortgage Loans shall be based on the amount of interest the Class otherwise would have been entitled to receive on such Distribution Date. Net Swap Payment: Not Applicable.

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount of the aggregate of Prepayment Interest Shortfalls for such Loan Group during the related Prepayment Period less any coverage of such amounts provided from a portion of the Master Servicing Fee pursuant to Section 3.14 hereof.

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for such Loan Group exceeds an amount equal to the sum of (a) the Compensating Interest for such Loan Group and Distribution Date and (b) the excess, if any, of the Compensating Interest for each of the other Loan Groups for such Distribution Date over Prepayment Interest Shortfalls for the Mortgage Loans in such other Loan Groups.