Extra Principal Payment Amount definition

Extra Principal Payment Amount. As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Overcollateralization Deficiency for such Distribution Date.

Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (1) the Monthly Excess Interest for such Payment Date and (2) the excess, if any, of (a) the Overcollateralization Target Amount over (b) the Overcollateralized Amount on such Payment Date (after giving effect to payment to the Notes of Principal Funds on such Payment Date).

Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (x) the sum of Interest Funds available pursuant to Section 4.1(a)(xi) and Pledged Prepayment Penalties; and

Examples of Extra Principal Payment Amount in a sentence

• Extra Principal Payment Amount: The lesser of (i) the Monthly Excess Cashflow and (ii) the Interim Overcollateralization Deficiency.

• Extra Principal Payment Amount: With respect to any Payment Date, the lesser of (a) the Net Monthly Excess Cashflow for such Payment Date and (b) the excess, if any, of (i) the Overcollateralization Target Amount over (ii) the Overcollateralized Amount on such Payment Date (after taking into account payments to the Notes of the Basic Principal Payment Amount on such Payment Date).

• A “Contested Election” means an election where, as of the record date for such meeting in which the election will be held, there are more nominees for election than positions on the Board of Directors to be filled by election at the meeting; provided that with respect to any nominee proposed or nominated by a shareholder, the Secretary of the Corporation shall have received proper notice under Article I, Section 3 of these By-Laws.

• Extra Principal Payment Amount: With respect to any Payment Date, the lesser of (i) the Net Monthly Excess Cashflow for such Payment Date and (ii) the excess, if any, of (a) the Overcollateralization Target Amount over (b) the Overcollateralized Amount on such Payment Date (after taking into account payments to the Notes of the Basic Principal Payment Amount on such Payment Date).

• Any Excess Spread related to Loan Group III to the extent necessary to meet a level of overcollateralization equal to the Group III Overcollateralization Target Amount will be the Extra Principal Payment Amount related to Loan Group III and will be included as part of the Group III Principal Payment Amount.

More Definitions of Extra Principal Payment Amount

Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (x) the Monthly Interest Payable Amount payable on the Class C Certificates on such Payment Date as reduced by Realized Losses allocated thereto with respect to such Payment Date pursuant to Section 5.06 of the Sale and Servicing Agreement and (y) the Overcollateralization Deficiency Amount for such Payment Date.

Extra Principal Payment Amount. As to any Payment Date, the lesser of (x) the Monthly Excess Cashflow and (y) the Interim Overcollateralization Deficiency.

Extra Principal Payment Amount. With respect to any Payment Date, the lesser of (a) Monthly Excess Cashflow for such Payment Date and (b) the Overcollateralization Deficiency for such Payment Date. Xxxxxx Xxx: Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.

Extra Principal Payment Amount. As of any Distribution Date, the lesser of (x) the sum of (a) the amount available in each of the Swap Account and the Cap Account for distribution under Section 4.02(e) after distributions for such Distribution Date pursuant to Section 4.02(e)(i) through (iii) and (b) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Overcollateralization Deficiency for such Distribution Date. Amounts available in the Swap Account and the Cap Account as decribed above, if any, will be applied first towards the Extra Principal Payment Amount, before application of any Total Monthly Excess Spread.

Extra Principal Payment Amount. For any Payment Date, an amount equal to the lesser of (a) Monthly Excess Interest for such Payment Date and (b) the Overcollateralization Deficiency Amount for such Payment Date. Xxxxxx Xxx or FNMA: Xxxxxx Mae, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.

Extra Principal Payment Amount. With respect to any Payment Date, the lesser of

Extra Principal Payment Amount. With respect to each Note Group and any Payment Date, the lesser of (x) the sum of Pledged Prepayment Penalties and Interest Funds available to such Note Group pursuant to Section 4.1(a)(viii); and