Seller Amount definition

Seller Amount. With respect to any Mortgage Loan listed on Schedule I-B that has become a Liquidated Mortgage Loan, the amount, if any, by which (i) Liquidation Proceeds received with respect to such Mortgage Loan exceed (ii) the sum, without duplication, of (a) the Principal Balance, (b) the principal portion of any delinquent Monthly Payment not advanced, (c) interest accrued since the Cut-off Date and neither paid nor advanced, (d) any outstanding Servicing Advances and (e) any Liquidation Expenses, in each case with respect to such Mortgage Loan.

Seller Amount means, on any Determination Date, the Aggregate Principal ------------- Balance at the end of the day immediately prior to such Determination Date, minus the Aggregate Collateral Amount at the end of such day. The Seller Amount may be a negative number.

Seller Amount means, on any date of determination, the ------------- Aggregate Principal Balance at the end of the day immediately prior to such date of determination, minus the Aggregate Investor Amount at the end of such day.

Examples of Seller Amount in a sentence

• If the Seller or the Servicer shall --------------------------------- fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

• Real estate taxes and other taxes, charges, and assessments that cover a period including the Closing Date will be prorated and the Seller Amount will be adjusted to account for such prorations.

• Earnings from such investments received shall be paid to the Seller or, if the Seller Amount as determined on such Business Day does not exceed the Minimum Seller Amount, such earnings shall be deposited in the Excess Funding Account.

• Thereafter, amounts in the Excess Funding Account shall be treated as Shared Principal Collections to the extent that, after giving effect to the application of such amount as Shared Principal Collections to the extent provided in any Indenture Supplement, the Seller Amount would equal or exceed the Minimum Seller Amount.

• Seller shall accept a retransfer of each such Ineligible Receivable and there shall be deducted from the aggregate amount of Principal Receivables used to calculate the Seller Amount the face amount of each such Ineligible Receivable.

More Definitions of Seller Amount

Seller Amount means at any time of determination an amount ------------- equal to the total amount of Receivables and the principal amount on deposit in the Special Funding Account in the Trust at such time minus the aggregate Invested Amounts for all outstanding Series at such time.

Seller Amount means, on any date of determination, an amount equal to (i) the sum of (a) the aggregate amount of Principal Receivables at the end of the day immediately prior to such date of determination, and (b) the Excess Funding Amount at the end of the day immediately prior to such date of determination, and minus the sum of the Series Invested Amounts for each Series outstanding on such date at the end of such day. 23 "Seller Certificates" shall mean, collectively, the Bank Certificate and any outstanding Supplemental Certificates.

Seller Amount means, with respect to any Due Period, Aggregate ------------- Principal Receivables for such Due Period, minus the Aggregate Invested Amount ----- as of the close of business on the Distribution Date related to the prior Due Period.

Seller Amount means Million dollars ($ )..

Seller Amount means the Purchase Price specified in the Purchase Notice minus the US Interests Amount specified in the Purchase Notice;

Seller Amount has the meaning set forth in Section 3.3(g).

Seller Amount means, at any time, an amount equal to the Net Receivables ------------- Balance minus the Aggregate Purchasers' Investments. -----