POOL AVAILABLE AMOUNT definition

POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account (a) for Pool I and Pool IV, pursuant to Section 6.01(b)(i) to deposit amounts related to required premiums in the applicable Insurance Account, (b) for Pool I, pursuant to Section 6.01(b)
POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account (a) for Pool I and Pool II, pursuant to Section 6.01(b)(i) to deposit amounts related to required premiums in the applicable Insurance Account, and (b) for Pool III, pursuant to Section 6.01(b)(ii) to make deposits in the FHA Premium Account), (ii) any amount of Total Monthly Excess Cashflow to be applied to the Certificates of such Pool on such Remittance Date, and (iii) amounts transferred from the Spread Account, if any, pursuant to Section 6.05(b)(ii) and Insured Payments, if any, made by the Certificate Insurer with respect to Pool I and Pool II.
POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (net of the amount of Monthly Advances and Compensating Interest deposited pursuant to Section 7.01(a)(ii)), (ii) any amount of Monthly Excess Spread to be applied to the Notes of such Pool on such Remittance Date, (iii) the Compensating Interest, (iv) the portion of the Monthly Advance based on the Class Adjusted Loan Remittance Rates for the Classes of Pool I Notes, in the case of Pool I, and the Class Adjusted Loan Remittance Rate for the Pool II Notes, in the case of Pool II, (v) amounts transferred from the Spread Account, if any, pursuant to Section 7.05(b), (vi) Supplemental Interest Payments, (vii) Insured Payments, if any, made by the Note Insurer with respect to Pool I and Pool II, respectively, and (viii) amounts required to be paid by the Servicer pursuant to Section 7.08(c) in connection with losses on investments of amounts in the applicable Note Distribution Account (minus (a) the amounts withdrawn from the applicable Note Distribution Account for Pool I and Pool II, pursuant to Section 7.01(b)(i), to deposit amounts related to required premiums in the applicable Insurance Account and (b) amounts subject to withdrawal from the applicable Note Distribution Account under Section 7.01(a)(v) through (viii), inclusive).

More Definitions of POOL AVAILABLE AMOUNT

POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account pursuant to Section 6.01(b)(i) to deposit amounts related to required premiums in the applicable Insurance Account and, for Pool III, Section 6.01(b)(ii) to make deposits in the FHA Premium Account and, for Pool II, Section 6.01(b)(iii) to pay the Auction Agent Fee to the Auction Agent), (ii) any amount of Total Monthly Excess Cashflow to be applied to the Certificates of such Pool on such Remittance Date, and (iii) amounts transferred from the Spread Account, if any, pursuant to Section 6.05(b)(ii) and Insured Payments, if any, made by the Certificate Insurer with respect to such Pool.
POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account pursuant to Section 6.01(b)(i) to deposit amounts related to required premiums in the applicable Insurance Account, and, for Pool II, Section 6.01(b)(iii) to pay the Auction Agent Fee to the Auction Agent, (ii) any amount of Total Monthly Excess Cashflow to be applied to the Certificates of such Pool on such Remittance Date, and (iii) amounts transferred from the Spread Account, if any, pursuant to Section 6.05(b)(ii) and Insured Payments, if any, made by the Certificate Insurer with respect to such Pool.
POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account pursuant to Section 6.01(b)(i) to deposit amounts related to required premiums in the applicable Insurance Account and, for Pool III, Section 6.01(b)(ii) to make deposits in the FHA Premium Account, (ii) any amount of Total Monthly Excess Cashflow to be applied to the Certificates of such Pool on such Remittance Date, and (iii) amounts transferred from the Spread Account, if any, pursuant to Section 6.05(b)(ii) and Insured Payments, if any, made by the Certificate Insurer with respect to such Pool.
POOL AVAILABLE AMOUNT. With respect to any Pool and each Remittance Date, an amount equal to the sum of (i) the Pool Available Remittance Amount for such Pool (minus the amounts withdrawn from the applicable Certificate Account pursuant to Section [6.01(b)(i)] to deposit amounts related to required premiums in the applicable Insurance Account, and, for Pool II, Section [6.01(b)(iii)] to pay the Auction Agent Fee to the Auction Agent, (ii) any amount of Total Monthly Excess Cashflow to be applied to the Certificates of such Pool on such Remittance Date, and (iii) amounts transferred from the Spread Account, if any, pursuant to Section 6.05(b)(ii) and Insured Payments, if any, made by the Certificate Insurer with respect to such Pool.

Related to POOL AVAILABLE AMOUNT

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Available Amounts means, with respect to any Distribution Date, the sum of Available Interest and Available Principal for such Distribution Date.

  • REMIC II Available Distribution Amount For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Available Amount Reference Period means, with respect to any Reference Date, the period (taken as one accounting period) commencing on April 1, 2008 and ending on the last day of the most recent fiscal quarter or fiscal year, as applicable, for which financial statements required to be delivered pursuant to Section 6.01(a) or Section 6.01(b), and the related Compliance Certificate required to be delivered pursuant to Section 6.02(a), have been delivered to the Administrative Agent.

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Amount Available means, as to any Remittance Date, an amount equal to

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Available Balance means, in relation to any Account, the aggregate of: (i) the balance in such Account in your favour of immediately available and freely transferable funds; and (ii) where we have granted you an overdraft facility or line of credit in respect of such Account, the limit of such overdraft facility or line of credit notified by us to you less the total amount payable by you to us with respect to such overdraft facility or line of credit.

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Debt as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Class A Loss Percentage As to any Determination Date and any Class of Class A Certificates (other than the Class A-PO Certificates) then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class A Loss Denominator (determined without regard to any such Principal Balance of any Class of Class A Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Group II Available Funds As defined in Section 7.3(a)(ii) hereof.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of: