Collateral Interest Collections definition

Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to
Sample 1Sample 2
Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to the extent treated as Collateral Principal Collections at the option of the Collateral Manager)), (ii) the Reinvestment Income, if any, on amounts deposited in the Collection Account which is received during the related Due Period, (iii) all consent payments, amendment and waiver fees, all late payment fees, all commitment fees (including commitment fees received on Unfunded Commitments) and all other fees and commissions received during the related Due Period (other than (x) fees and commissions received during the related Due Period in connection with the purchase of Collateral Debt Obligations, (y) fees and commissions received during the related Due Period with respect to a Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent such fees and commissions and other payments received on such Defaulted Obligation do not exceed the Principal Balance of such Defaulted Obligation and (z) fees and commissions received in connection with the reduction of the principal amount of the related Collateral Debt Obligation),
Sample 1Sample 2
Collateral Interest Collections means, with respect to any Due Period and the related Payment Date, without duplication, the sum of (i) all cash payments of interest with respect to any Collateral Debt Securities and Eligible Investments included in the Collateral (including any Sale Proceeds representing unpaid interest accrued thereon to the date of the sale thereof to the extent not treated as Collateral Principal Collections at the option of the Collateral Advisor, but excluding all funds received on a Defaulted Security (including any unpaid interest) and any unpaid interest accrued on a Deferred Interest XXX Xxxx or a Written Down Security to the date of sale) which are received during the related Due Period (excluding any Purchased Accrued Interest), (ii) all payments on Eligible Investments purchased with Collateral Interest Collections, (iii) payments received or scheduled to be received from a Hedge Counterparty under any Hedge Agreement (including the initial Hedge Agreement) on the related Payment Date, excluding any payments received from a Hedge Counterparty upon reduction of the notional amount and any termination payments (provided that so long as the Notes are Outstanding, any termination payments received from a Hedge Counterparty will be used to enter into a substitute Hedge Agreement to the extent required to maintain the then-current rating of the Notes by each Rating Agency), (iv) all amendment and waiver fees, all late payment fees and all other fees and commissions received during the related Due Period (other than fees and commissions received in connection with the sale, restructuring, workout or default of Collateral Debt Securities or in connection with Defaulted Securities or Written Down Securities), (v) the Principal Balance of any Eligible Investments purchased with Collateral Interest Collections, (vi) all interest accrued on the Closing Date on Collateral Debt Securities included in the Collateral, (vii) any amounts on deposit in the Interest Reserve Account, (viii) at the option of the Collateral Advisor, any amount on deposit in the Expense Reserve Account in excess of U.S.$25,000 and (ix) all proceeds from the foregoing; provided, however, that Collateral Interest Collections shall not include the funds and other property (including, without limitation, the paid-up share capital of the Issuer) with respect to the Income Notes and the bank account in which such funds and the proceeds thereof are held); provided, further, that Collateral Interest Collec...
Sample 1

Examples of Collateral Interest Collections in a sentence

  • The Trustee shall deposit Collateral Principal Collections into one sub-account (the Collateral Principal Collections Sub-Account) and Collateral Interest Collections into the other sub-account.

  • The only permitted withdrawal from or application of funds on deposit in, or otherwise standing to the credit of, the Interest Reserve Account shall be to deposit into the Payment Account, on the Business Day prior to each Payment Date, the Balance of the Interest Reserve Account (including reinvestment income) for distribution as Collateral Interest Collections in accordance with the Priority of Payments on the related Payment Date.

  • Collateral Interest Collections net of amounts payable on a Payment Date pursuant to clauses (A) through(E) above, represent "Adjusted Collateral Interest Collections" for such Payment Date.

  • Therefore, the occurrence of a Ratings Confirmation Failure may result in an early repayment on the Notes but there can be no assurance that Collateral Interest Collections or other Available Funds will be sufficient to pay sufficient principal on the Notes so that the initial ratings of the Notes can be confirmed.

  • In addition, with respect to a Deferred Interest PIK Bond the shortfall of Collateral Interest Collections would adversely affect the Issuer's ability to pay amounts due in respect of the Notes.

  • Collateral Interest Collections net of amounts payable on a Payment Date pursuant to clauses (A) through(E) above, represent “Adjusted Collateral Interest Collections” for such Payment Date.

  • The director and investigator may consider information that tends to prove or disprove the allegations in the complaint, regardless of whether the information would be admissible in a court of law.

  • On the Business Day immediately preceding each Payment Date, the income received on amounts contained in the Earn-Out Asset Account during the related Due Period shall be withdrawn from such account and deposited in the Collection Account as Collateral Interest Collections.

  • The longer the period before investment or reinvestment in Collateral Debt Obligations, the greater the adverse impact may be on aggregate Collateral Interest Collections collected and distributed by the Issuer, resulting in a lower yield than could have been obtained if the net proceeds associated with the offering of the Securities were immediately invested and remained invested at all times.

  • The Contractor shall instruct his staff and labour to use only these facilities.


More Definitions of Collateral Interest Collections

Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and(y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to the extent treated as Collateral Principal Collections at the option of the Collateral Manager)), (ii) the Reinvestment Income, if any, on amounts deposited in the Collection Account which is received during the related Due Period, (iii) all consent payments, amendment and waiver fees, all late payment fees, all commitment fees (including commitment fees received on Unfunded Commitments) and all other fees and commissions received during the related Due Period (other than (x) fees and commissions received during the related Due Period in connection with the purchase of CollateralDebt Obligations, (y) fees and commissions received during the related Due Period with respect to a Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent such fees and commissions and other payments received on such Defaulted Obligation do not exceed the Principal Balance of such Defaulted Obligation) and (z) fees and commissions received in connection with the reduction of the principal amount of the related Collateral Debt Obligation, (iv) all payments received in cash by the Issuer pursuant to any Hedge Agreements on or prior to the Payment Date (excluding any payments received by the Issuer on or prior to the preceding Payment Date or payments resulting from the termination and liquidation of any Hedge Agreement other than any scheduled payment under such Hedge Agreement which accrued prior to such termination) less any scheduled amounts payable by the Issuer under the Hedge Agreements on or prior to the Payment Date (excluding any payments made by the Issuer on or prior to the preceding Payment Date), provided, that, t...
Sample 1
Collateral Interest Collections means, with respect to any Due Period and the related Payment Date, without duplication, the sum of (i) all cash payments of interest with respect to any Collateral Interests and Eligible Investments included in the Collateral ((A) including any Sale Proceeds of a Collateral Interest representing unpaid interest accrued thereon to the date of the sale thereof to the extent not treated as Collateral Principal Collections at the option of the Collateral Manager, but (B) excluding all funds received on an Impaired Interest (including any unpaid interest) and any unpaid interest accrued on a Deferred Interest XXX Xxxx or a Written Down Interest to the date of sale) which are received during the related Due Period (excluding any Purchased Accrued Interest), (ii) all payments on Eligible Investments purchased with Collateral Interest Collections, (iii) payments received or scheduled to be received from a Hedge Counterparty under any Hedge Agreement on the related Payment Date, excluding any payments received from a Hedge Counterparty upon reduction of the notional amount and any termination payments (provided that so long as the Notes are Outstanding, any termination payments received from a Hedge Counterparty will be used to enter into a substitute Hedge Agreement to the extent required to maintain the then-current rating of the Notes by each Rating Agency), (iv) all amendment and waiver fees, all late payment fees and all other fees and commissions received during the related Due Period (other than fees and commissions received in connection with the sale, restructuring, workout or default of Collateral Interests or in connection with Impaired Interests or Written Down Interests) (provided, further, that Collateral Interest Collections shall not include any other proceeds related to any Retained Rights), (v) the Principal Balance of any Eligible Investments purchased with Collateral Interest Collections, (vi) all interest accrued on the Closing Date on Collateral Interests included in the Collateral, (vii) any amounts on deposit in the Interest Reserve Account, (viii) at the option of the Collateral Manager, any amount on deposit in the Expense Reserve Account in excess of U.S.$25,000, (ix) commitment fees on unfunded amounts and other similar fees (in each case, net of applicable withholding taxes) actually received by the Issuer during the related Due Period in respect of any Earn-Out Assets, (x) any Uninvested Proceeds remaining on deposit in the Uninvested...
Sample 1
Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) payments that would not constitute Collateral Interest Collections under clause
Sample 1
Collateral Interest Collections. With respect to any Due Period or Calculation Date, without duplication, the sum of:
Sample 1

Related to Collateral Interest Collections

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Collateral Interest means a fractional undivided interest in the Trust which shall consist of the right to receive, (i) to the extent necessary to make the required payments to the Collateral Interest Holder under this Supplement, the portion of Collections allocable thereto under the Agreement and this Supplement and funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Supplement and (ii) amounts available for payment to the Collateral Interest Holder pursuant to subsections 4.07(k), 4.12(e), 4.12(f), 8.01(b), 8.02(a) and 8.02(b) or any other provision of this Supplement.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • Investor Interest Collections means, for a Deposit Date or Collection Period, an amount equal to the product of (a) the Floating Investor Percentage for the related Collection Period, times (b) the Interest Collections for that Deposit Date or Collection Period, as applicable.

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Principal Collections means Collections of Principal Receivables.

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series2023-3 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2023-3 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Collateral Interest Holder means the entity so designated in the Loan Agreement.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • Investor Principal Collections means, with respect to any Monthly Period, the aggregate amount retained in the Collection Account for Series 2007-A pursuant to Section 4.01(c)(ii) for such Monthly Period.

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 652 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 653 facility operator that are materially similar to a third-party debt collector.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.