Supplemental Interest Amount definition

Supplemental Interest Amount. The Class A Supplemental Interest Amount or Class M Supplemental Interest Amount, as applicable.

Supplemental Interest Amount. As of any Payment Date, the sum of (i) the excess, if any, of (a) interest accrued on the Class [M-2] Notes during the related Collection Period at the Class [M-2] Formula Rate over (b) interest due on the Class [M-2] Notes at the Class [M-2] Note Rate, (ii) any Class [M-2] Supplemental Interest Amount remaining unpaid from prior Payment Dates and (iii) interest on the amount in clause (ii) at the Class [M-2] Formula Rate. Closing Date: [ ].

Supplemental Interest Amount. (A) With respect to the Class A-V1 Certificates on any Distribution Date, the sum of (i) the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period calculated at the lesser of (x) the Class A-V1 Formula Pass-Through Rate and (y) 14%, over the amount of interest that did accrue thereon at the Class A-V1 Pass-Through Rate and (ii) any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date (and in the case of any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date, interest thereon calculated at the lesser of (x) the Class A-V1 Formula Pass-Through Rate and (y) 14%, to the extent lawful) and (B) with respect to the Class A-V2 Certificates on any Distribution Date, the sum of (i) the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period calculated at the lesser of (x) the related Class A-V2 Formula Pass-Through Rate and (y) 14%, over the amount of interest that did accrue thereon at the Class A-V2 Pass-Through Rate and (ii) any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date (and, in the case of any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date, interest thereon calculated at the lesser of (x) the related Class A-V2 Formula Pass-Through Rate and (y) 14%, to the extent lawful). The Certificate Insurance Policy will not cover any Supplemental Interest Amount.

Examples of Supplemental Interest Amount in a sentence

• If, on any Payment Date, the Supplemental Interest Payment Amount Available is insufficient to pay the Supplemental Interest Amount for such Payment Date (such deficiency, the "Supplemental Interest Shortfall Amount"), the Trustee shall demand that the Designated Residual Owner fund such deficiency on the related Payment Date and the Designated Residual Owner shall be required to fund such deficiency.

• On each Distribution Date as to which there is a Class A-1A Supplemental Interest Amount or a Class A-2A Supplemental Interest Amount, the Trustee has been directed by the Class C Certificateholders to, and therefor will, deposit into the Supplemental Interest Reserve Fund the amounts described in Section 5.01(d) clause (11) with respect to the Fixed Rate Group and clause (7) with respect to the Adjustable Rate Group, rather than distributing such amounts to the Class C Certificateholders.

• On each Distribution Date as to which there is a Supplemental Interest Amount, the Trustee has been directed by the Class C Certificateholders to, and therefor will, deposit into the Supplemental Interest Reserve Fund the amounts described in Section 5.01(b)(8), rather than distributing such amounts to the Class C Certificateholders.

• The Series B2 Base Interest Amount, the Series B2 Supplemental Interest Amount and the Series B2 Conversion Step-Up Interest Amount for each Interest Accrual Period shall be calculated separately and paid separately as provided in Section 3.13 of the Indenture and Section 3.02 hereof.

• On each Distribution Date as to which there is Current WAC Excess or a Supplemental Interest Amount, the Trustee has been directed by the Class C Certificateholders to, and therefor will, deposit into the Supplemental Interest Reserve Fund the amounts described in Section 5.01(b)(9) as well as the amount of any Current WAC Excess, rather than distributing such amounts to the Class C Certificateholders.

More Definitions of Supplemental Interest Amount

Supplemental Interest Amount. As of any Payment Date, the sum of (i) the excess, if any, of (a) interest due on the Notes at the Formula Rate over (b) interest due on the Notes at an interest rate equal to the Available Funds Cap, (ii) any Supplemental Interest Amount remaining unpaid from prior Payment Dates and (iii) interest on the amount in clause (ii) at the Formula Rate.

Supplemental Interest Amount. With respect to either Class of Adjustable Rate Group Certificates on any Distribution Date, the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period at the related Formula Pass-Through Rate over the amount of interest that did accrue thereon at the Adjustable Rate Group Available Funds Cap (and in the case of any such excess remaining unpaid from a prior Distribution Date, interest thereon at the related Formula Pass-Through Rate, to the extent lawful).

Supplemental Interest Amount. With respect to any Payment Date and the Class A-1 Certificates, the excess, if any, of (x) Current Interest due on such Certificates calculated using the Formula Pass-Through Rate applicable to such Payment Date over (y) the interest due on such Class calculated using the Available Funds Cap Rate applicable to such Payment Date.

Supplemental Interest Amount. The Class [A-1] Supplemental Interest Amount, Class [A-2] Supplemental Interest Amount, Class [M-1] Supplemental Interest Amount or Class [M-2] Supplemental Interest Amount, as applicable.

Supplemental Interest Amount. With respect to [either Class of Class A] Certificates and any Distribution Date, the sum of (i) the excess, if any, of (a) interest accrued on such Class of Certificates at the applicable Formula Rate for such Class for the related Accrual Period over (b) interest accrued on such Class of Certificates at the applicable Pass-Through Rate for the related Accrual Period, (ii) any Supplemental Interest Amount for such Class remaining unpaid from prior Distribution Dates and (iii) interest on the amount in clause (ii) at the applicable Formula Rate for such Class and such Distribution Date.

Supplemental Interest Amount means, with respect to any Series of Notes, that amount of Supplemental Interest due and payable on such Series of Note on a Payment Date, including any Supplemental Interest due and payable on a prior Payment Date that was not paid on such prior Payment Date.

Supplemental Interest Amount. With respect to any Class A Notes or Mezzanine Notes and any Payment Date, the sum of (x) the Available Funds Cap Shortfall Amount for such Class of Notes and such Payment Date and (y) the Available Funds Cap Carry-Forward Amount for such Note Class and Payment Date.