Class M-1 Interest Carry Forward Amount. As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.
Class M-1 Interest Carry Forward Amount. With respect to any Payment Date, the sum of (x) the amount, if any, by which (i) the sum of (A) the Class M-1 Current Interest as of the immediately preceding Payment Date and (B) any unpaid Class M-1 Interest Carry Forward Amount from all previous Payment Dates exceeds (ii) the amount of the actual distribution with respect to interest made to the Owners of the Class M-1 Certificates on such immediately preceding Payment Date and (y) 30 days' interest on such amount at the Class M-1 Pass-Through Rate.
Class M-1 Interest Carry Forward Amount. As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates (excluding any Floating Rate Certificate Carryover for the Class M-1 Certificates) over (B) the amount actually distributed to the Class M-1 Certificates with respect to Class M-1 Current Interest and Class M-1 Current Interest Carry Forward Amounts on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.
More Definitions of Class M-1 Interest Carry Forward Amount
Class M-1 Interest Carry Forward Amount means, with respect to any Payment Date, the excess, if any, of the Class M-1 Current Interest Amount for such Payment Date over the amount actually paid on the Class M-1 Certificates in respect of the Class M-1 Current Interest Amount on such Payment Date.
Class M-1 Interest Carry Forward Amount. As of any Distribuxxxx Xxxx, xxx xxx xx (0) xxx xxxxxx xx (X) xxx Xxass M-1 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.
Class M-1 Interest Carry Forward Amount. As of any Distribution Date, the sum of (1) the excess of (A) the aggregate amount of the Class M-1 Current Interest with respect to all prior Distribution Dates over (B) the aggregate amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period. The Class M-1 Interest Carry Forward Amount shall not include any amounts attributable to an allocation of Deferred Interest.
Class M-1 Interest Carry Forward Amount means with respect to any Distribution Date, the sum of (x) the amount, if any, by which (i) the sum of (A) the Class M-1 Current Interest as of the immediately preceding Distribution Date and (B) the Class M-1 Interest Carry Forward Amount from the immediately preceding Distribution Date exceeds (ii) the amount of the actual distribution of the Interest Remittance Amount made to the Holders of the Class M-1 Certificates on such immediately preceding Distribution Date and (y) 30 days' interest on such amount at the Class M-1 Pass-Through Rate.
Class M-1 Interest Carry Forward Amount. With respect to any Payment Date, the sum of (x) the amount, if any, by which (i) the sum of (A) the Class M-1 Current Interest as of the immediately preceding Payment Date and (B) any unpaid Class M-1 Interest Carry Forward Amount from all previous Payment Dates exceeds (ii) the amount of the actual distribution with respect to interest made to the Owners of the Class M-1 Certificates on such immediately preceding Payment Date and (y) 30 days' interest on such amount at the Class M-1 Pass-Through Rate. "Class M-1 Pass-Through Rate": 7.42% per annum; provided, that on any Payment Date on which the aggregate Certificate Principal Balance of the Class M-2 Certificates and the Class B Certificates is $0, the Class M-1 Pass-Through Rate shall be the lesser of (x) 7.42% per annum and (y) the weighted average of the Coupon Rates of the Home Equity Loans less the sum of (A) 1.60% per annum and (B) the Trustee Fee Rate.
Class M-1 Interest Carry Forward Amount. As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates (excluding any Class
Class M-1 Interest Carry Forward Amount means, as to any Payment Date, the excess, if any, of the Class M-1 Formula Interest Distribution Amount over the amount distributed on such Payment Date to the Class M-1 Certificateholders in respect of interest under Sections 8.04(b) and 8.04(e)(iii).