Total Monthly Excess Cashflow definition

Total Monthly Excess Cashflow. As defined in Section 7.03(b)(ii) hereof.
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Total Monthly Excess Cashflow. As defined in Section 6.14(a) hereof.
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Total Monthly Excess Cashflow. With respect to a Mortgage Loan Group and any Payment Date, an amount equal to the sum of (x) the Monthly Excess Interest Amount with respect to such Mortgage Loan Group plus (y) any Overcollateralization Reduction Amount with respect to such Mortgage Loan Group.
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Examples of Total Monthly Excess Cashflow in a sentence

  • Total Monthly Excess Cashflow allocable pursuant to clauses (ii) and (iv) above shall be allocated first from Pool I and Pool III, pro rata based upon the Total Monthly Excess Cashflow available from each such Pool, and second from Pool II.

  • Total Monthly Excess Cashflow allocable pursuant to clauses (ii) and (iv) above shall be allocated first from Pool I, Pool III and Pool IV, pro rata based upon the Total Monthly Excess Cashflow available from each such Pool, and second from Pool II.

  • VI-16 Section 6.14 Allocation of Total Monthly Excess Cashflow........


More Definitions of Total Monthly Excess Cashflow

Total Monthly Excess Cashflow. With respect to (a) the Fixed Rate Group and ----------------------------- each Payment Date, an amount equal to the sum of (x) the Total Monthly Excess Spread for the Fixed Rate Group as of such Payment Date and (y) any Excess Overcollateralization Amount with respect to the Fixed Rate Group as of such Payment Date and (b) with respect to the Floating Rate Group and each Payment Date, an amount equal to the sum of (x) the Total Monthly Excess Spread for the Floating Rate Group as of such Payment date and (y) any Excess Overcollateralization Amount for the Floating Rate Group as of such Payment Date.
Sample 1
Total Monthly Excess Cashflow. As defined in Section 7.03(c)(i) hereof. "Total Monthly Excess Spread": The Fixed Rate Group Total Monthly Excess Spread or the Adjustable Rate Group Total Monthly Excess Spread, as the case may be. "Trust": Ocwen Mortgage Loan Asset-Backed Certificates, Series 1997-1, the trust created under this Agreement. "Trust Estate": As defined in the conveyance clause under this Agreement. "Trustee": Texas Commerce Bank National Association, a national banking association, the Corporate Trust Office of which is located on the date of execution of this Agreement at 000 Xxxxxx, 8th Floor, Houston, Texas 77002, Attention: Global Trust Services--Ocwen Mortgage Loan Asset-Backed Certificates, Series 1997-1, not in its individual capacity but solely as Trustee under this Agreement, and any successor hereunder. "Trustee Fee": The fee payable monthly on each Distribution Date in an amount equal to one-twelfth of 0.02% multiplied by the then-outstanding Class A Certificate Principal Balance. "Underwriter": Xxxxxx Xxxxxxx & Co. Incorporated. "Voting Rights": The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, the Voting Rights shall be allocated among the Owners of the Certificates in proportion to the Percentage Interests of their respective Certificates on such date. "Weighted Average Pass-Through Rate": As to the Class A Certificates and any Distribution Date, the weighted average of the Class A-1 Pass-Through Rate and the Class A-2 Pass-Through Rate (such rate calculated for this purpose on the basis of a 360-day year assumed to consist of twelve 30 day months) weighted by the respective Certificate Principal Balances of the related Class, as of such Distribution Date prior to taking into account any distributions to be made on such Distribution Date. ARTICLE II
Sample 1
Total Monthly Excess Cashflow. With respect to (a) Loan Group 1 and each ----------------------------- Payment Date, an amount equal to the sum of (x) the Total Monthly Excess Spread for Loan Group 1 as of such Payment Date and (y) any Excess Overcollateralization Amount with respect to Loan Group 1 as of such Payment Date and (b) with respect to Loan Group 2 and each Payment Date, an amount equal to the sum of (x) the Total Monthly Excess Spread for Loan Group 2 as of such Payment date and (y) any Excess Overcollateralization Amount for Loan Group 2 as of such Payment Date.
Sample 1

Related to Total Monthly Excess Cashflow

  • 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.

  • 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.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • 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.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Excess Cash all cash and Cash Equivalents of the Borrower and its Subsidiaries at such time determined on a consolidated basis in accordance with GAAP in excess of $25,000,000.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to:

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

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • 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.

  • Retained Excess Cash Flow means, at any date of determination, an amount, equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • 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.

  • 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.