Crossover Amount definition

Crossover Amount for a Class of Notes and any Payment Date means the portion of the Investor Interest Collections for the unrelated Loan Group that are available pursuant to Sections 8.03(a)(v) and (viii).

Crossover Amount. As defined in Section 8.7(c)(ix) of the Indenture.

Crossover Amount. With respect to a Class of Notes and any Payment Date, the amount withdrawn from the Note Account for the other Class and deposited to the Note Account with respect to the first Class, pursuant to clauses (i), (iii) and (iv) of Section 8.02(c) hereof on such Payment Date.

Examples of Crossover Amount in a sentence

• On each distribution date, if Investor Interest Collections with respect to a Class of Certificates, plus any Crossover Amount available from the other Class of Certificates, are insufficient to pay the amounts specified in items (3), (4) and (5) above with respect to a Class of Certificates, the amount of such insufficiency shall be withdrawn from the Reserve Fund to the extent of funds on deposit therein.

• Prior to the Crossover Date, the Crossover Amount may be pledged as security for the Crossover Refunding Bonds, the Crossover Refunded Bonds, or both.

• If such insufficiency exists after the related Available Transferor Subordinated Amount, the Crossover Amount and the Reserve Fund have each been reduced to zero and results in the related Certificate Principal Balance exceeding the related Invested Amount, a draw will be made on the Policy in accordance with the terms of the Policy (and, if necessary, a payment will be made under the Fannie Mae Guaranty).

More Definitions of Crossover Amount

Crossover Amount. As to either Class of Investor Certificates and any ---------------- Distribution Date, the portion, if any, of the Investor Interest Collections and Subordinated Transferor Collections for the other Loan Group to be applied to Investor Certificate Interest and Unpaid Investor Certificate Interest Shortfall on such Class of Investor Certificates pursuant to Sections 5.01(a)(ii) and 5.01(c)(ix).

Crossover Amount means the amount of money and Defeasance Obligations on deposit in a Crossover Escrow Account and which, together with investment income thereon, are held as provided in the definition of “Crossover Refunded Bond.”

Crossover Amount. As defined in Section 8.7(d)(ix) of the Pooling Agreement.

Crossover Amount means the amount of money and Defeasance Obligations that on deposit in a Crossover Escrow Fund and which, together with investment income thereon, are held as provided in the definition of “Crossover Refunded Bonds.”

Crossover Amount. As defined in Section 8.6(d)(vii) of the Indenture.

Crossover Amount for a Class of Notes and anx Xayment Date means the portion of the Investor Interest Collections for the unrelated Loan Group that are available pursuant to Sections 8.03(a)(v) and (viii).

Crossover Amount means the amount of money and Government Bonds which are on deposit in a Crossover Escrow Account and which, together with investment income thereon, are held as provided in the definition of “Crossover Refunded Bond”.