Net Prepayment Interest Shortfalls definition

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

Net Prepayment Interest Shortfalls. As to any Distribution Date and each Mortgage Pool, the amount by which the aggregate of Prepayment Interest Shortfalls in respect of the Mortgage Loans or such Mortgage Pool during the related Prepayment Period exceeds an amount equal to the Compensating Interest paid in respect of such Mortgage Loans, if any, for such Distribution Date.

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls during the related Prepayment Period exceeds the Compensating Interest for that Distribution Date.

Examples of Net Prepayment Interest Shortfalls in a sentence

• For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls allocated to the Class C Interest pursuant to the paragraph above shall be allocated among the Class C Certificates on a pro rata basis based on one month’s interest.

• Accrued Certificate Interest Distribution Amount: With respect to any Distribution Date for each Class of Offered Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.

• Net Prepayment Interest Shortfalls: As to any Distribution Date and Loan Group, the excess of the amount of the aggregate Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period over the sum of (x) the Compensating Interest for such Loan Group and Distribution Date and (y) the excess of the Compensating Interest over the Prepayment Interest Shortfalls for each other Loan Group for such Distribution Date.

• Medical and other health personnel are involved as required and information from referrals is followed up.

• Any Net Prepayment Interest Shortfall will reduce the Interest Remittance Amount available for distribution on the related Distribution Date.Any Net Prepayment Interest Shortfalls and Relief Act Reduction allocated to the Insured Certificates will not be covered by the Certificate Insurance Policies.

More Definitions of Net Prepayment Interest Shortfalls

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls during the related Prepayment Period exceeds an amount equal to one-half of the aggregate Basic Master Servicing Fee for such Distribution Date before reduction of the Basic Master Servicing Fee in respect of such Prepayment Interest Shortfalls.

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for such Loan Group during the related Prepayment Period exceeds an amount equal to the sum of (a) one-half of the aggregate Basic Master Servicing Fee for such Loan Group for such Distribution Date before reduction of the Basic Master Servicing Fee in respect of such Prepayment Interest Shortfalls and (b) the excess of one-half of the aggregate Basic Master Servicing Fee with respect to the Mortgage Loans of the other Loan Group for such Distribution Date over Prepayment Interest Shortfalls experienced by the Mortgage Loans in such other Loan Group during such Prepayment Period.

Net Prepayment Interest Shortfalls. For any Payment Date and either Group of Mortgage Loans, the amount by which the aggregate Prepayment Interest Shortfalls for such Group during the related Prepayment Period exceeds available Compensating Interest for such Group.

Net Prepayment Interest Shortfalls. As to any Distribution Date, the amount by which the aggregate of Prepayment Interest Shortfalls exceeds the Compensating Interest Payments for that Distribution Date (and any amounts paid by the Master Servicer in respect of such shortfalls pursuant to Section 5.06). Each Class' pro rata share of the Net Interest Shortfalls on the Mortgage Loans shall be based on the amount of interest the Class otherwise would have been entitled to receive on such Distribution Date. Net Swap Payment: Not Applicable.

Net Prepayment Interest Shortfalls. As to any Distribution Date and Loan Group, the amount by which the aggregate of the Prepayment Interest Shortfalls for such Loan Group for such Distribution Date exceeds an amount equal to the sum of (a) the Compensating Interest for such Loan Group and Distribution Date and (b) the excess, if any, of the Compensating Interest for the other Loan Group for such Distribution Date over the Prepayment Interest Shortfalls experienced by the Mortgage Loans in the other Loan Group.

Net Prepayment Interest Shortfalls. As to any Payment Date and Loan Group, the amount by which the aggregate of the Prepayment Interest Shortfalls for such Loan Group during the related Prepayment Period exceeds an amount equal to the sum of (a) the Compensating Interest for such Loan Group and Payment Date and (b) the excess, if any, of the Compensating Interest for each other Loan Group for that Payment Date over the Prepayment Interest Shortfalls experienced by the Mortgage Loans in each such other Loan Group during such Prepayment Period.

Net Prepayment Interest Shortfalls. As to any Distribution Date and each Mortgage Pool, the amount by which the aggregate of Prepayment Interest Shortfalls in respect of the Mortgage Loans in such Mortgage Pool during the related Prepayment Period exceeds an amount equal to the Compensating Interest paid in respect of such Mortgage Loans, if any, for such Distribution Date. Non-Class I-A-PO Percentage: (a) With respect to a Discount Mortgage Loan in Pool I, the fraction, expressed as a percentage, equal to the Adjusted Net Mortgage Rate divided by 6.25%, and (b) with respect to each Non-Discount Mortgage Loan in Pool I, 100%. Non-Class II-A-PO Percentage: (a) With respect to a Discount Mortgage Loan in Pool II, the fraction, expressed as a percentage, equal to the Adjusted Net Mortgage Rate divided by 5.75%, and (b) with respect to each Non-Discount Mortgage Loan in Pool II, 100%.