Class B-1 Interest Distribution Amount means, as to any Remittance Date, -------------------------------------- the amount specified in clause (a) of the definition of "Class B-1 Formula Distribution Amount" plus the Unpaid Class B-1 Interest Shortfall, if any.
Class B-1 Interest Distribution Amount. With respect to the Class B-1 Certificates and any Distribution Date, the aggregate amount of Accrued Certificate Interest to be distributed to the holders of such Class for such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date, less any Prepayment Interest Shortfalls for such Distribution Date not covered by Eligible Master Servicing Compensation and any Relief Act Shortfalls for such Distribution Date allocated as described herein to the Class B-1 Certificates.
Class B-1 Interest Distribution Amount. On any Distribution Date and with respect to any Class B-1 Certificates, (a) one-twelfth of the product of (i) the aggregate Certificate Principal Balance of the Class B-1 Certificates as of the last day of the related Interest Accrual Period and (ii) the related Class AR5 Pass-Through Rate, minus (b) the aggregate amount of Prepayment Interest Shortfalls and Relief Act Shortfalls allocated to such Class B-1 Certificates pursuant to Section 4.05 on such Distribution Date and the Pro Rata Allocation of the interest portion of Special Hazard Losses in excess of the Special Hazard Coverage, Fraud Losses in excess of the Fraud Coverage and Bankruptcy Losses in excess of the Bankruptcy Coverage pursuant Section 4.03 on such Distribution Date.
More Definitions of Class B-1 Interest Distribution Amount
Class B-1 Interest Distribution Amount. As to any Distribution Date, an -------------------------------------- amount equal to the sum of (a) one month's interest at the Class B-1 Pass- Through Rate on the Class B-1 Certificate Balance as of such Distribution Date (before giving effect to the principal distributions on such Distribution Date) and (b) any Class B-1
Class B-1 Interest Distribution Amount. As to any Distribution Date, an amount equal to the sum of (a) one month's interest at the Class B-1 Pass-Through Rate on the Class B-1 Certificate Balance as of such Distribution Date (before giving effect to the principal distributions on such Distribution Date) and (b) any Class B-1 Unpaid Interest Shortfall.
Class B-1 Interest Distribution Amount. With respect to any Distribution Date, an amount equal to sum of (a) (i) accrued interest during the related Accrual Period at the Class B-1 Pass-Through Rate on the Class B-1 Adjusted Certificate Balance as of such Distribution Date (before giving effect to the principal distributions on such Distribution Date) less (ii) the Class B-1 Certificates pro rata share of any Interest Shortfalls occurring during the immediately preceding Due Period, (b) any Class B-1 Excess Optimal Interest for such Distribution Date and (c) any Class B-1 Unpaid Interest Shortfall. Amounts paid in respect of the Class B-1 Interest Distribution Amount shall be deemed to have been applied first to pay the amount described in clause (a), second to pay the amount in clause (b) and third to pay the amount described in clause (c).
Class B-1 Interest Distribution Amount means, with respect to any -------------------------------------- Distribution Date, the lesser of (x) the Class B-1 Formula Interest Distribution Amount and (y) the excess of (i) the Subordinate Interest Distribution Amount over (ii) the sum of the Class M-1 Interest Distribution Amount, the Class M-2 Interest Distribution Amount and the Class M-3 Interest Distribution Amount.
Class B-1 Interest Distribution Amount means, on any Distribution Date, an amount equal to (a) the product of (i) the Certificate Principal Balance of the Class B-1 Certificates for such Distribution Date and (ii) the applicable Class B Pass-Through Rate for such Distribution Date minus (b) the sum of (i) such Class' pro rata share (based on the respective amount of interest due to each Class of Certificates on such Distribution Date absent any reduction) of the amount of Prepayment Interest Shortfalls and Civil Relief Act Interest Shortfalls on such Distribution Date and (ii) the amount by which the Certificate Principal Balance of the Class B-1 Certificates is increased on such Distribution Date as a result of Net Negative Amortization, pursuant to the definition of Certificate Principal Balance herein.
Class B-1 Interest Distribution Amount. With respect to any Payment Date and the Class B-1 Certificates, the sum of (a) the Class B-1 Monthly Interest Distributable Amount for such Payment Date, and (b) any related Class B-1 Outstanding Interest Carryover Shortfall for such Class B-1 Certificates for such Payment Date.
Class B-1 Interest Distribution Amount means, with respect to any Distribution Date, the lesser of (x) the Class B-1 Formula Interest Distribution Amount and (y) the excess of (i) the Subordinate Interest Distribution Amount over (ii) the sum of the Class M-1 Interest Distribution Amount, the Class M-2 Interest Distribution Amount and the Class M-3 Interest Distribution Amount.