Basis Risk CarryForward Amount definition

Basis Risk CarryForward Amount. With respect to each Class of LIBOR Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of LIBOR Certificates is based upon a Loan Group Cap or the WAC Cap, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin on such Class of Certificates for such Distribution Date, over (ii) the amount of interest payable on such Class of Certificates at, with respect to the Class A-1 Certificates, the lesser of the Loan Group I Cap or the WAC Cap, with respect to each Class of Group II Class A Certificates, the lesser of the Loan Group II Cap or the WAC Cap, and with respect to each other Class of LIBOR Certificates, the WAC Cap, as applicable, for such Distribution Date and (B) the Basis Risk CarryForward Amount for such Class of Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for such Class of Certificates for such Distribution Date.

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Basis Risk CarryForward Amount. With respect to each Class of Regular Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of Regular Certificates is based upon the WAC Cap, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin on such Class of Certificates for such Distribution Date, over (ii) the amount of interest payable on such Class of Certificates calculated at the WAC Cap for such Distribution Date and (B) the Basis Risk CarryForward Amount for such Class of Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for such Class of Certificates for such Distribution Date.

Basis Risk CarryForward Amount. With respect to each Class of Group 2 Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of Group 2 Certificates is based upon the Group 2 WAC Cap, the excess of (i) the amount of interest such Class of Group 2 Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin on such Class of Group 2 Certificates for such Distribution Date, up to the Group 2 Maximum Cap over (ii) the amount of interest payable on such Class of Group 2 Certificates at the Group 2 WAC Cap for such Distribution Date and (B) the Basis Risk CarryForward Amount for such Class of Group 2 Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for such Class of Group 2 Certificates for such Distribution Date, subject to the Group 2 Maximum Cap.

Examples of Basis Risk CarryForward Amount in a sentence

• Such payments, along with payments from the Swap Account, shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Section 4.02(a)(iii)(T).

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(T)-(U).

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(N)-(O).

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(N)-(O) hereof.

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Section 4.02(a)(iii)(h) hereof.

• Such payments, along with payments from the Swap Account, shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(T) and (U).

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(M)-(N) hereof.

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(R)-(S).

• Such payments shall be allocated to those Classes on a pro rata basis based upon the amount of Basis Risk CarryForward Amount owed to each such Class and shall be paid in the priority set forth in Sections 4.02(a)(iii)(P)-(Q).

• For federal tax return and information reporting, the right of the Holders of the Class A and Class M Certificates to receive payments from the Carryover Reserve Fund in respect of any Basis Risk Carry-Forward Amount may be obtained from the Securities Administrator upon request.

More Definitions of Basis Risk CarryForward Amount

Basis Risk CarryForward Amount. For each Class of Group 1 Certificates, as of any Distribution Date before November 2003, the sum of

Basis Risk CarryForward Amount. With respect to each Class of Regular Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of Regular Certificates is based upon a Loan Group Cap or the WAC Cap, the excess of (i) the amount of interest such Class of Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin on such Class of Certificates for such Distribution Date, up to 16% (or, in the case of the Class A-3 Certificates, the Loan Group II Cap or the WAC Cap minus the Class A-3 Insurance Rate, up to 16% minus the Class A-3 Insurance Rate) over (ii) the amount of interest payable on such Class of Certificates at, with respect to the Class A-1 Certificates, the lesser of (x) the Loan Group I Cap or (z) the WAC Cap, with respect to the Class A-2 Certificates and the Class A-3 Certificates, the lesser of (x) the Loan Group II Cap or (z) the WAC Cap, and with respect to each other Class of Regular Certificates, the WAC Cap, as applicable, for such Distribution Date and (B) the Basis Risk CarryForward Amount for such Class of Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for such Class of Certificates for such Distribution Date, up to 16% (or, in the case of the Class A-3 Certificates, 16 % minus the Class A-3 Insurance Rate).

Basis Risk CarryForward Amount. With respect to (a) the Class AF-1 Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for the Class AF-1 Certificates is based upon the Group 1 WAC Cap, the excess of (i) the amount of interest the Class AF-1 Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin for the Class AF-1 Certificates for such Distribution Date, over (ii) the amount of interest payable on the Class AF-1 Certificates at the Group 1 WAC Cap for such Distribution Date and (B) the related Basis Risk CarryForward Amount for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for the Class AF-1 Certificates for such Distribution Date and (b) each Class of Group 2 Certificates, as of any Distribution Date, the sum of (A) if on such Distribution Date the Pass-Through Rate for any Class of Group 2 Certificates is based upon the Group 2 WAC Cap, the excess of (i) the amount of interest such Class of Group 2 Certificates would otherwise be entitled to receive on such Distribution Date had such rate been calculated as the sum of LIBOR and the applicable Pass-Through Margin on such Class of Group 2 Certificates for such Distribution Date, up to the Group 2 Maximum Cap over (ii) the amount of interest payable on such Class of Group 2 Certificates at the Group 2 WAC Cap for such Distribution Date and (B) the Basis Risk CarryForward Amount for such Class of Group 2 Certificates for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the sum of LIBOR and the applicable Pass-Through Margin for such Class of Group 2 Certificates for such Distribution Date, subject to the Group 2 Maximum Cap.