Interest Distribution Amount. For each Class of Certificates on any Distribution Date, the Current Interest for such Class as reduced by such Class’s share of Net Prepayment Interest Shortfalls and Relief Act Shortfalls, which shall be allocated to each Class on a pro rata basis based on the amount of Current Interest payable to each such Class.
Interest Distribution Amount. Not applicable.
Interest Distribution Amount b. The Capitalized Interest Account shall be part of the Trust but not part of the REMIC. The Trustee on behalf of the Trust shall be the legal owner of the Capitalized Interest Account. Green Tree Finance Corp.--Two shall be the beneficial owner of the Capitalized Interest Account, subject to the foregoing power of the Trustee to transfer amounts in the Capitalized Interest Account to the Certificate Account. Funds in the Capitalized Interest Account shall, at the direction of Green Tree Finance Corp.--Two, be invested in Eligible Investments that mature no later than the Business Day prior to the next succeeding Remittance Date. All net income and gain from such investments shall be distributed to Green Tree Finance Corp.--Two on such Remittance Date. All amounts earned on amounts on deposit in the Capitalized Interest Account shall be taxable to Green Tree Finance Corp.--Two.
Interest Distribution Amount. 16 TABLE OF CONTENTS (continued)
Interest Distribution Amount. 19- Interim Certificates.......................................................-19
Interest Distribution Amount. With respect to any Distribution Date and each Class of the Offered Certificates, the amount of interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, reduced by such Class’ pro rata share of the amount of (a) Net Prepayment Interest Shortfalls and (b) Relief Act Reductions incurred on the Loans during the related Due Period (each such Class’ pro rata share to be based on the amount of interest to which such Class would have been entitled notwithstanding such Net Prepayment Interest Shortfalls and Relief Act Reductions).
Interest Distribution Amount. 38 TABLE OF CONTENTS (continued) Page
Interest Distribution Amount. Not Applicable. Interest Remittance Amount: Not Applicable.
Interest Distribution Amount. 46 TABLE OF CONTENTS (continued) Page Investment Account ........................................... 47
Interest Distribution Amount. With respect to any Distribution Date and (i) each Class of the Class A Certificates, the sum of (x) interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, reduced by such Class' pro rata share of the amount of (A) Net Prepayment Interest Shortfalls and (B) Relief Act Reductions incurred on the Loans in the related Group during the related Due Period (each such Class' pro rata share to be based on the amount of interest to which such Class would have been entitled notwithstanding such Net Prepayment Interest Shortfalls and Relief Act Reductions) and (y) any Class Unpaid Interest Amounts for such Class and (ii) each Payment Component of the Class A-IO Certificates, the sum of (x) interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Payment Component on the related Notional Amount, reduced by such Payment Component's pro rata share of the amount of (A) Net Prepayment Interest Shortfalls and (B) Relief Act Reductions incurred on the Loans in the related Group during the related Due Period (each such Payment Component's pro rata share to be based on the amount of interest to which such Payment Component would have been entitled notwithstanding such Net Prepayment Interest Shortfalls and Relief Act Reductions) and (y) any Payment Component Unpaid Interest Amounts for such Payment Component. Investment Letter ----------------- As defined in Section 5.02(b). Latest Possible Maturity Date ----------------------------- The Distribution Date following the third anniversary of the scheduled maturity date of the Loan having the latest scheduled maturity date as of the Cut-off Date. LIBOR ----- As of any LIBOR Determination Date, the London interbank offered rate for one-month United States dollar deposits which appears in the Dow Jones Telerate Page 3750 as of 11:00 a.m., London time, on that date. Xx the rate does not appear on Dow Jones Telerate Page 3750, the rate for that day will be determinxx xx the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m. (London time), on that day to prime banks in the London interbank market. The Trustee will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, the rate for that day will be the arithmetic mean of the quotations (rounded upwards ...
