Series New Receivables Funding Amount definition
Series New Receivables Funding Amount. For any Funding Date in respect of Receivables of any Advance Type, for any Series that provides a non-zero Advance Rate for such Advance Type and any Additional Receivable related to such Advance Type proposed to be funded on such Funding Date, the product of (i) the applicable Weighted Average CV Adjusted Advance Rate for such Series and (ii) the related Advance Type Allocation Percentage of the aggregate Receivable Balances of the Receivables in respect of such Advance Type under all Designated Servicing Agreements, including all Receivables conveyed to the Issuer since the previous Funding Date (including in the case of any Series that provides a non-zero Advance Rate for P&I Advance Receivables to be so conveyed on such Funding Date, but not including any portion thereof relating to P&I Advances to the extent such P&I Advances were funded using Amounts Held for Future Distribution).
Series New Receivables Funding Amount. (A) For any Funding Date in respect of Receivables related to Advances, for any Series that provides a non-zero Advance Rate for Advances and any Additional Receivable related to Advances proposed to be funded on such Funding Date, the product of (i) the applicable Weighted Average CV Adjusted Advance Rate for such Series (calculated without regard to the existence of any Deferred Servicing Fee Receivables and taking into account the inclusion of the new Additional Receivables related to Advances) and (ii) the related Series Advance Receivable Allocation Percentage of the aggregate Receivable Balance of all Receivables related to Advances under all Designated Servicing Agreements, including all Receivables related to Advances conveyed to the Issuer since the previous Funding Date (including P&I Advance Receivables to be so conveyed on such Funding Date, but not including any portion thereof relating to P&I Advances to the extent such P&I Advances were funded using Amounts Held for Future Distribution) and (B) For any Funding Date in respect of Receivables related to Deferred Servicing Fees for any Series that provides a non-zero Advance Rate for Deferred Servicing Fees and any Additional Receivable related to Deferred Servicing Fees proposed to be funded on such Funding Date, the product of (i) the applicable Weighted Average CV Adjusted Advance Rate for such Series (calculated without regard to the existence of any Receivables related to Advances and taking into account the inclusion of the new Additional Receivables related to Deferred Servicing Fees) and (ii) the related Series Deferred Servicing Fee Receivable Allocation Percentage of (A) the aggregate Receivable Balance of all Receivables related to Deferred Servicing Fees under all Designated Servicing Agreements, including all Receivables related to Deferred Servicing Fees conveyed to the Issuer since the previous Funding Date.
Series New Receivables Funding Amount. For any Funding Date, any Series and Class of VFN Notes and any Additional Receivables proposed to be funded on such Funding Date, the related Series Funding Allocation Percentage of the product of (i) the applicable Weighted Average CV Adjusted Advance Rate for such Series and Class of Notes (taking into account the inclusion of the new Additional Receivables but not taking into account any Trigger Advance Rate for purposes of calculating the Weighted Average CV Adjusted Advance Rate for purposes of this definition) and (ii) the aggregate Receivables Balance of all Additional Receivables proposed to be funded on such Funding Date and which have a positive Collateral Value (including all P&I Advance Receivables to be so conveyed on such Funding Date, but excluding any portion thereof to be funded using Amounts Held for Future Distribution).
More Definitions of Series New Receivables Funding Amount
Series New Receivables Funding Amount. For any Funding Date for any Series and any Additional Receivable proposed to be funded on such Funding Date, the related Series Funding Allocation Percentage of the product of (i) the applicable Weighted Average CV Adjusted Advance Rate (taking into account the inclusion of the new Additional Receivables but not taking into account any Trigger Advance Rate for purposes of calculating the Weighted Average CV Adjusted Advance Rate for purposes of this definition) and (ii) the aggregate Receivable Balance of all Receivables under all Designated Servicing Agreements, including all Receivables conveyed to the Issuer since the previous Funding Date (including P&I Advance Receivables to be so conveyed on such Funding Date, but not including any portion thereof relating to P&I Advances to the extent such P&I Advances were funded using Amounts Held for Future Distribution) minus the aggregate Invested Amounts of all Outstanding Series prior to the funding on such Funding Date.
Series New Receivables Funding Amount. For any Funding Date for any Series and any Additional Receivable proposed to be funded on such Funding Date, the related Series Funding Allocation Percentage of the product of (i) the applicable Weighted Average CV Adjusted Advance Rate (taking into account the inclusion of the new Additional Receivables but not taking into account any Trigger Advance Rate for purposes of calculating the Weighted Average CV Adjusted Advance Rate for purposes of this definition) and (ii) (A) the aggregate Receivable Balance of all Receivables under all Designated Pools, including all Receivables conveyed to the Issuer since the previous Funding Date minus (B) the aggregate Invested Amounts of all Outstanding Series prior to the funding on such Funding Date.
Series New Receivables Funding Amount. For any Funding Date for any Series and any Additional Receivable proposed to be funded on such Funding Date, the related Series Funding Allocation Percentage of the product of (i) the applicable Weighted Average CV Adjusted Advance Rate (taking into account the inclusion of the new Additional Receivables but not taking into account any Trigger Advance Rate for purposes of calculating the Weighted Average CV Adjusted Advance Rate for purposes of this definition) and (ii) (A) the aggregate Receivable Balance of all Receivables under all Designated Pools, including all Receivables conveyed to the Issuer since the previous Funding Date minus (B) the aggregate Invested Amounts of all Outstanding Series prior to the funding on such Funding Date. Servicer: Nationstar in its capacity as the Servicer under the Designated Servicing Agreements and Designated Pools in servicing the related Mortgage Loans for and on behalf of ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae, as applicable, and any successor named servicer appointed under any particular Designated Servicing Agreement or Designated Pool.
Series New Receivables Funding Amount. For any Funding Date and a Series of Variable Funding Notes, the excess, if any of (A) the product of (i) the related Series Funding Allocation Percentage and (ii) the New Receivables Funding Amount over (B) (1) a fraction, the numerator of which is equal to the aggregate outstanding Note Balance of each Class of Notes in such Series and the denominator is equal to the Weighted Average CV Adjusted Advance Rate of the lowest rated Class of such Series minus (2) the Invested Amounts of such Series prior to the funding on such Funding Date.