POOL AVAILABLE REMITTANCE AMOUNT definition

POOL AVAILABLE REMITTANCE AMOUNT. With respect to any Pool and any Remittance Date, (i) the sum of all amounts relating to the Mortgage Loans of such Pool described in clauses (i) through (viii), inclusive, of Section 5.03(b) received by the Servicer or any Subservicer (including any amounts paid by the Servicer and the Representative and excluding any Excess Spread and Subordination Reduction Amounts relating to the Mortgage Loans of such Pool, any amounts withdrawn by the Servicer with respect to the Mortgage Loans in such Pool pursuant to Section 5.04(b), (c), (e) and (f)(i) as of the related Determination Date and any amounts deposited into the Servicing Account with respect to the Mortgage Loans in such Pool pursuant to Section 5.04(g) as of the related Determination Date) during the related Due Period or, with respect to Section 5.03(b)(vi), on the related Determination Date, and deposited into the applicable Certificate Account as of the Determination Date, plus (ii) the amount of any Monthly Advances and Compensating Interest payments relating to the Mortgage Loans of such Pool, remitted by the Servicer for such Remittance Date, plus (iii) amounts to be transferred to the applicable Certificate Account from the Pre-Funding Account and the Capitalized Interest Account with respect to the Remittance Dates in January, February and March 1998, less (iv) those amounts withdrawable from the applicable Certificate Account pursuant to Section 6.01(b)(vi). The "Pool Available Remittance Amount" does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the applicable Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(vi), (iii) funds in the applicable Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a result of a proceeding initiated under the United States Bankruptcy Code, as amended from time to time (11 U.S.C.) and (iv) Insured Payments and Guaranteed Supplemental Payments.
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POOL AVAILABLE REMITTANCE AMOUNT does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the applicable Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(v) and (iii) funds in the applicable Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a result of a proceeding initiated under the United States Bankruptcy Code, as amended from time to time (11 U.S.C.).
Sample 1Sample 2Sample 3
POOL AVAILABLE REMITTANCE AMOUNT does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the applicable Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(vi), (iii) funds in the applicable Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a result of a proceeding initiated under the United States Bankruptcy Code, as amended from time to time (11 U.S.C.) and (iv) Insured Payments and Guaranteed Supplemental Payments.
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Examples of POOL AVAILABLE REMITTANCE AMOUNT in a sentence

  • AGGREGATE AMOUNT RECEIVED $6,068,805.64 $710,004.17 ADJ : RECALCULATION 0.00 0.00 ---------------- ------------- 6,068,805.64 710,004.17 LESS: SERVICING FEE 142,828.06 17,655.99 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ---------------- ------------- 142,828.06 17,655.99 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 13,009.49 0.00 ---------------- ------------- 13,009.49 0.00 ---------------- ------------- POOL AVAILABLE REMITTANCE AMOUNT 5,938,987.07 692,348.18 ================ ============= 2.

  • AGGREGATE AMOUNT RECEIVED $5,286,044.02 $1,030,138.77 ADJ : RECALCULATION 0.00 0.00 ------------- ------------- 5,286,044.02 1,030,138.77 LESS: SERVICING FEE 161,939.58 18,267.17 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ------------- ------------- 161,939.58 18,267.17 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 2,849.13 357.44 ------------- ------------- 2,849.13 357.44 ------------- ------------- POOL AVAILABLE REMITTANCE AMOUNT 5,126,953.57 1,012,229.04 ============= ============= 2.

  • AGGREGATE AMOUNT RECEIVED $7,067,494.68 $668,562.67 ADJ: RECALCULATION 0.00 0.00 ------------- ----------- 7,067,494.68 668,562.67 LESS: SERVICING FEE 173,347.87 18,357.54 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ------------- ----------- 173,347.87 18,357.54 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 0.00 0.00 ------------- ----------- 0.00 0.00 ------------- ----------- POOL AVAILABLE REMITTANCE AMOUNT 6,894,146.81 650,205.13 ============= =========== 2.

  • AGGREGATE AMOUNT RECEIVED $6,941,288.48 $ 837,265.95 ADJ: RECALCULATION 0.00 0.00 ---------------- ---------------- 6,941,288.48 837,265.95 LESS: SERVICING FEE 164,121.22 17,045.95 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ---------------- -------------- 164,121.22 17,045.95 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 482.85 0.00 ---------------- -------------- 462.85 0.00 ---------------- -------------- POOL AVAILABLE REMITTANCE AMOUNT 6,777,630.11 820,220.00 ================ ============== 2.

  • AGGREGATE AMOUNT RECEIVED $4,528,032.97 $690,430.04 ADJ: RECALCULATION 0.00 0.00 ------------- ----------- 4,528,032.97 690,430.04 LESS: SERVICING FEE 169,992.86 20,856.07 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ------------- ----------- 169,992.86 20,856.07 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 9,618.63 0.00 ------------- ----------- 9,618.63 0.00 ------------- ----------- POOL AVAILABLE REMITTANCE AMOUNT 4,367,658.74 669,573.97 ============= =========== 2.

  • AGGREGATE AMOUNT RECEIVED $6,941,288.48 $837,265.95 ADJ : RECALCULATION 0.00 0.00 -------------- ------------- 6,941,288.48 837,265.95 LESS: SERVICING FEE 164,121.22 17,045.95 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 -------------- ------------- 164,121.22 17,045.95 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 462.85 0.00 -------------- ------------- 462.85 0.00 -------------- ------------- POOL AVAILABLE REMITTANCE AMOUNT 6,777,630.11 820,220.00 ============== ============= 2.

  • AGGREGATE AMOUNT RECEIVED $ 5,693,194.02 $862,018.50 ADJ: RECALCULATION 0.00 0.00 -------------- ------------- 5,693,194.02 862,018.50 LESS: SERVICING FEE 183,015.59 21,424.80 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 -------------- ------------- 183,015.59 21,424.80 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 0.00 0.00 -------------- ------------- 0.00 0.00 -------------- ------------- POOL AVAILABLE REMITTANCE AMOUNT 5,510,178.43 840,593.70 ============== ============= 2.

  • AGGREGATE AMOUNT RECEIVED $5,367,403.84 $561,559.11 ADJ: RECALCULATION 0.00 0.00 ------------- ----------- 5,367,403.84 561,559.11 LESS: SERVICING FEE 162,475.55 15,107.48 UNREIMBURSED MONTHLY ADVANCES 0.00 0.00 ------------- ----------- 162,475.55 15,107.48 PLUS: MONTHLY ADVANCES 0.00 0.00 COMPENSATING INTEREST 3,828.69 0.00 ------------- ----------- 3,828.69 0.00 ------------- ----------- POOL AVAILABLE REMITTANCE AMOUNT 5,208,756.99 546,451.63 ============= =========== 2.


More Definitions of POOL AVAILABLE REMITTANCE AMOUNT

POOL AVAILABLE REMITTANCE AMOUNT. With respect to any Remittance Date, (i) the sum of all amounts relating to the Mortgage Loans described in clauses (i) through (viii), inclusive, of Section 5.03(b) received by the Servicer or any Subservicer (including any amounts paid by the Servicer and the Representative and excluding any Supplemental Payments, any amounts withdrawn by the Servicer with respect to the Mortgage Loans pursuant to Section 5.04(b), (c), (e) and (f)(i) as of the related Determination Date and any amounts deposited into the Servicing Account with respect to the Mortgage Loans pursuant to Section 5.04(g) as of the related Determination Date) during the related Due Period or, with respect to Section 5.03(b)(vi), on the related Determination Date, and deposited into the Certificate Account as of the Determination Date, plus (ii) the amount of any Monthly Advances and Compensating Interest payments relating to the Mortgage Loans, remitted by the Servicer for such Remittance Date, less (iii) those amounts withdrawable from the Certificate Account pursuant to Section 6.01(b)(vi). The "Pool Available Remittance Amount" does not include (i) funds in the Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(vi), (iii) funds in the Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a result of a proceeding initiated under the United States Bankruptcy Code, as amended from time to time (11 U.S.C.), (iv) any amounts on deposit in the Supplemental Account and (v) any amounts on deposit in the Spread Account.
Sample 1
POOL AVAILABLE REMITTANCE AMOUNT does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 4.04(d)(ii), (ii) funds in the applicable Note Distribution Account and available to be withdrawn pursuant to Section 7.01(b)(vi), (iii) funds in the applicable Note Distribution Account that cannot be distributed by the Indenture Trustee on such Remittance Date as a result of a proceeding initiated under the United States Bankruptcy Code, as amended from time to time (11 U.S.C.) and (iv) Insured Payments.
Sample 1

Related to POOL AVAILABLE REMITTANCE AMOUNT

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

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • 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.

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

  • Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • 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.

  • Optimal Interest Remittance Amount For any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • 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.

  • 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.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • 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.

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

  • 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:

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.