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any Excess Spread and Subordination Reduction Amounts relating to the Mortgage Loans of such Pool, any amounts withdrawn by the Servicer with respect to the Mortgage Loans in such Pool pursuant to Section 5.04(b), (c), (e) and (f)(i) as of the related Determination Date and any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Remittance Amount" does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the applicable Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(vi), (iii) funds in the applicable Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a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REMITTANCE AMOUNT does not include (i) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 5.04(d)(ii), (ii) funds in the applicable Certificate Account and available to be withdrawn pursuant to Section 6.01(b)(v) and (iii) funds in the applicable Certificate Account that cannot be distributed by the Trustee on such Remittance Date as a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.).
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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)(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 $6,941,288.48 $ 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 $6,068,805.64 $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 $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 $ 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 $5,286,044.02 $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 $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.

  • 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.


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 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. With respect to any Pool and any Remittance Date, (i) the sum of all amounts relating to the Loans of such Pool described in clauses (i) through (viii), inclusive, of Section 4.03(b) received by the Servicer or any Subservicer (including any amounts paid by the Servicer and the Representative and excluding any amounts withdrawn by the Servicer with respect to the Loans in such Pool pursuant to Section 4.04(b), (c), (e) and (f) as of the related Determination Date) during the related Due Period or, with respect to Section 4.03(b)(vi), on the related Determination Date, and deposited into the applicable Note Distribution Account as of the Determination Date, plus (ii) the amount of any Monthly Advances and Compensating Interest payments relating to the Loans of such Pool, remitted by the Servicer for such Remittance Date, and (iii) any amounts received on such Remittance Date as a Letter of Credit Payment, less (iv) those amounts withdrawable from the applicable Note Distribution Account pursuant to Section 7.01(b)(ii). The "Pool Available Remittance Amount" does not include (x) funds in the applicable Principal and Interest Account and available to be withdrawn pursuant to Section 4.04(d)(ii) and (y) 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.).
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 With respect to any Mortgage Pool and Distribution Date, (a) the sum of (1) all interest collected (other than in connection with Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments in such Mortgage Pool during the related Collection Period by the Servicers, the Master Servicer, or the Trustee (solely acting in its capacity as successor Master Servicer), minus (x) the Servicing Fee with respect to the Mortgage Loans and (y) previously unreimbursed Advances and other amounts due to the Servicers, the Master Servicer or the Trustee (solely acting in its capacity as successor Master Servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans, (2) any Compensating Interest Payments with respect to the Mortgage Loans in such Mortgage Pool with respect to the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), (3) the portion of any Purchase Price, as applicable, or Substitution Amount paid with respect the Mortgage Loans in such Mortgage Pool during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period) allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), to the extent allocable to interest, as reduced by (b) other costs, expenses or liabilities reimbursable to the Trustee, the Master Servicer or each Servicer to the extent provided in this Agreement and each Servicing Agreement, and the Custodian pursuant to the Custodial Agreement; provided, however, that in the case of the Trustee, such reimbursable amounts may not exceed $500,000 during any Anniversary Year up to and including the Anniversary Year in which the Stepdown Date occurs and $200,000 during any Anniversary Year thereafter (the “Applicable Maximum Reimbursement Amount”). In the event that the Trustee incurs reimbursable amounts in excess of the Applicable Maximum Reimbursement Amount in any Anniversary Year, it may obtain reimbursement for such amounts in subsequent Anniversary Years, but in no event shall more than the Applicable Maximum Reimbursement Amount in aggregate be reimbursed to the Trustee per Anniversary Year. Notwithstanding the foregoing, costs and expenses incurred by the Trustee pursuant to Section 6.14(a) in connection with any transfer of servicing shall be excluded in determining the Applicable Maximum Reimbursement Amount limitation on reimbursable amounts per Anniversary Year. For the avoidance of doubt, (i) the Interest Remittance Amount available on each Swap Payment Date for distributions to the Supplemental Interest Trust Account shall be equal to the Interest Remittance Amount on the related Distribution Date and (ii) the Interest Remittance Amount for each Distribution Date shall be calculated without regard to any distributions to the Supplemental Interest Trust Account on the related Swap Payment Date.

  • 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 Remittance Date, an amount equal to (a) all amounts on deposit in the Collection Account (including any amount in any Serviced A/B Loan Combination Custodial Account allocable to the related Serviced Mortgage Loan in the related Serviced A/B Loan Combination) 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 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 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 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 the Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a)(I), and (vi) any amounts deposited in the Collection Account in error; provided that the Master Servicer Remittance Amount 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 each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • 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.

  • 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.

  • 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 any 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.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Monthly Remittance Date The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.