Deficiency Amount Sample Clauses

Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
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Deficiency Amount. 21 SECTION 4.6 Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections.............. 22 SECTION 4.7 Distributions to Series [ ] Certificateholders...................... 24 SECTION 4.8 Application of Reserve Fund and Available Subordinated Amount........ 26 SECTION 4.9 Investor Charge-Offs................................................. 27 SECTION 4.10 Excess Servicing..................................................... 28 SECTION 4.11 Excess Principal Collections......................................... 28 SECTION 4.12 Excess Funding Account............................................... 28
Deficiency Amount. With respect to each Distribution Date, commencing with the Initial Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which (a) the sum of (i) Monthly Interest for such Distribution Date, (ii) any Monthly Interest previously due but not distributed to the Series 2000-B Certificateholders on a prior Distribution Date, (iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not distributed to the Series 2000-B Certificateholders on a prior Distribution Date; (iv) the Certificateholders Monthly Servicing Fee for such Distribution Date, (v) the Investor Default Amount, if any, for such Distribution Date; (vi) the Series 2000-B Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date and (vii) if such Distribution Date constitutes the Final Payment Date, the sum of (A) the amount of any Carry-over Amount for such Distribution Date, (B) the amount of any Carry-over Amount previously due but not previously distributed to Series 2000-B Certificateholders on a prior Distribution Date, (C) the amount of any Additional Carry-over Amount for such Distribution Date and (D) the amount of any Additional Carry-over Amount previously due but not previously paid to Series 2000-B Certificateholders on a prior Distribution Date, in each case that will not be satisfied on such date by application, pursuant to Section 4.04(b)(iii), of amounts on deposit in the Yield Supplement Account, exceeds (b) the sum of (i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds with respect to such Distribution Date and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) and Section 4.08(d), as applicable, to cover any portion of the Deficiency Amount. The lesser of the Deficiency Amount and the Available Subordinated Amount shall be the "Required Subordination Draw Amount". SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections. The Servicer shall cause the Trustee to apply, on each Distribution Date, commencing with the Initial Distribution Date, Investor Non-Principal Collections, Investment Proceeds ...
Deficiency Amount. For the avoidance of doubt, the Master Servicer shall only calculate Collateral Deficiency Amounts with respect to Outside Serviced Mortgage Loans. The Certificate Balance of each Class of applicable Principal Balance Certificates shall be notionally reduced (for purposes of determining the identity of the Non-Reduced Certificates and the Controlling Class, as well as the occurrence of a Control Termination Event or an Operating Advisor Consultation Trigger Event, and, to the extent expressly set forth herein, for purposes of allocating and/or exercising Voting Rights in connection with certain circumstances involving the termination of certain parties hereto) as of any date of determination to the extent of the Appraisal Reduction Amount(s) allocated to such Class on the preceding Distribution Date. An amount equal to the Vertically Retained Percentage of the aggregate Appraisal Reduction Amount for any Distribution Date shall be applied to notionally reduce (to not less than zero) the Certificate Balance of the VRR Interest. The Non-Vertically Retained Percentage of the aggregate Appraisal Reduction Amount for any Distribution Date shall be applied to notionally reduce the Certificate Balances of the following Classes of Certificates in the following order of priority: first, to the Class NR-RR Certificates; second, to the Class J-RR Certificates; third, to the Class G-RR Certificates; fourth, to the Class F-RR Certificates; fifth, to the Class E Certificates; sixth, to the Class D Certificates; seventh, to the Class C Certificates; eighth, to the Class B Certificates; ninth, to the Class A-S Certificates; and finally, pro rata to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, (iv) Class A-4 Certificates and (v) Class A-AB Certificates, based on their respective Certificate Balances (provided in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero). In addition, as of any date of determination for purposes of determining the Controlling Class or the occurrence of a Control Termination Event or an Operating Advisor Consultation Trigger Event, and after taking into account the allocations contemplated by the prior sentence, the Non-Vertically Retained Percentage of Collateral Deficiency Amounts shall be applied to notionally reduce the Certificate Balances of each Class of the Control Eligible of Certificates in the following order of priority (in each case after...
Deficiency Amount. On each Determination Date, with respect to the related Payment Date (the "current Payment Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
Deficiency Amount. 24 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections........................................ 25
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Deficiency Amount. 23 SECTION 4.06. Application of Investor Non-Principal Collections, Investment Proceeds and Available Investor Principal Collections...................................................23 SECTION 4.07. Distributions to Series 2000-B Certificateholders..........................................25 SECTION 4.08. Application of Reserve Fund and Available Subordinated Amount..............................26 SECTION 4.09. Investor Charge-Offs.......................................................................27 SECTION 4.10. Excess Servicing...........................................................................27 SECTION 4.11. Excess Principal Collections...............................................................28 SECTION 4.12. Excess Funding Account.....................................................................28 SECTION 4.13. Accumulation Period Length; Accumulation Period Commencement Date..........................30
Deficiency Amount. As to any Distribution Date and Certificate Group, an amount equal to the sum of (a) the amount by which the Aggregate Interest Distribution for such Distribution Date and Certificate Group exceeds the amount on deposit in the related Distribution Account available to be distributed therefor on such Distribution Date and (b) the Class A Guaranteed Principal Distribution Amount for such Certificate Group for such Distribution Date.
Deficiency Amount. As to any Determination Date and the related Distribution Date, an amount equal to the sum of (a) the amount by which the sum of the Noteholders' Interest Distributable Amount for each Class of Notes for such related Distribution Date exceeds the amount on deposit in the Note Distribution Account available to be distributed therefor on such Distribution Date (without taking into account any Insured Payments to be made relating to such Distribution Date) and (b) the Noteholders' Guaranteed Principal Distribution Amount for such Distribution Date.
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