Forward Amount definition

Forward Amount. With respect to each Class of Class A-I Certificates and any Distribution Date, the sum of (a) the aggregate amount of Group I Basis Risk Shortfall for such Class on such Distribution Date plus (b) any Group I Basis Risk Shortfall for such Class remaining unpaid from prior Distribution Dates, plus (c) one month's interest on the amount in clause (b) (based on the number of days in the preceding Interest Accrual Period), to the extent previously unreimbursed by Excess Cash Flow, at a rate equal to the related Pass-Through Rate.

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Forward Amount means, for any Delivery Date, a dollar amount equal to (i) the Daily Delivery Amount for such Delivery Date plus (ii) Carrying Costs for such Delivery Date minus (iii) Actual Dividends for such Daily Delivery Amount (subject to the provisions of Section 7(b) ("Optional Unwind").

Forward Amount. With respect to any Payment Date, the excess, if any, of (A) the Mezzanine Noteholders' Monthly Interest Payment Amount for the preceding Payment Date plus any outstanding Mezzanine Noteholders' Interest Carry-Forward Amount for preceding Payment Dates, over (B) the amount in respect of interest that is actually deposited in the Note Payment Account on such preceding Payment Date net of the Senior Noteholders' Interest Payment Amount for such preceding Payment Date; it being understood that the interest of the Class M-1 Noteholders in the Mezzanine Noteholders' Interest Carry-Forward Amount is senior to that of the Class M-2 Noteholders.

Examples of Forward Amount in a sentence

• Such payments, along with payments from the Supplemental Interest Trust, shall be allocated to those Classes based upon the amount of Basis Risk Carry Forward Amount owed to each such Class and shall be paid in the priority set forth in Section 4.02(a)(iii)(M).

• Any amount paid to the Holders of Class A Certificates and/or Class M Certificates pursuant to the preceding sentence in respect of Basis Risk Shortfall Carry Forward Amount shall be treated as distributed to the Class CE Certificateholder in respect of the Class CE Certificates and paid by the Class CE Certificateholder to the Holders of the Class A Certificates and/or Class M Certificates.

• On each Distribution Date, subject to the proviso in (ii) above, Interest Funds received on the Group One Mortgage Loans will be deemed to be distributed to the Class R and Class A-1 Certificates and Interest Funds received on the Group Two Mortgage Loans will be deemed to be distributed to the Class A-2 Certificates, in each case, until the related Current Interest and Interest Carry Forward Amount of each such class of Certificates for such Distribution Date has been paid in full.

• Any payments to the Holders of the Class A Certificates and/or Class M Certificates in respect of Basis Risk Shortfall Carry Forward Amount, whether pursuant to the second preceding sentence or pursuant to subsection (d) below, shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860(G)(a)(1).

• Such payments shall be allocated to those Classes based upon the amount of Basis Risk Carry Forward Amount owed to each such Class and shall be paid in the priority set forth in Section 4.01(a)(iii)(L).

More Definitions of Forward Amount

Forward Amount. With respect to any Payment Date, an amount equal to the aggregate amount of ARM Pool Basis Risk Shortfall for the Class A-1 Bonds on such Payment Date, plus any unpaid ARM Pool Basis Risk Shortfall from prior Payment Dates, plus interest thereon at the related Bond Interest Rate for such Payment Date, to the extent previously unreimbursed by the ARM Pool Net Monthly Excess Cash Flow.

Forward Amount means, at any time, any amount payable by the Borrower to a Hedge Counterparty pursuant to a Forward Contract at such time.

Forward Amount. With respect to each Class of Class A Certificates and any Distribution Date, the sum of (a) the aggregate amount of Class A Net WAC Cap Shortfall for such Class on such Distribution Date plus (b) any Class A Net WAC Cap Shortfall Carry-Forward Amount for such Class remaining unpaid from the preceding Distribution Date, plus (c) one month's interest on the amount in clause (b) (based on the number of days in the preceding Interest Accrual Period), to the extent previously unreimbursed by the Excess Cash Flow pursuant to Section 4.02(c)(xviii), payments under the Yield Maintenance Agreement pursuant to Section 4.09(c)(v) and Net Swap Payments pursuant to Section 4.10(c)(v), at a rate equal to the related Pass-Through Rate.

Forward Amount means Valuation Amount x 1.4692. "Hedge Securities" means any non-cash distribution or

Forward Amount. With respect to the Class A-IIA and the Class A-IIB Certificates and each Distribution Date, the sum of (a) the aggregate amount of Basis Risk Shortfall for such Certificates on such Distribution Date which is not covered on such Distribution Date by payments from the Basis Risk Shortfall Reserve Fund plus (b) any Basis Risk Shortfall Carry-Forward Amount for such Certificates remaining unpaid from the preceding Distribution Date, plus (c) one month's interest on the amount in clause (b) (based on the number of days in the preceding Interest Accrual Period) at a rate equal to the lesser of (i) LIBOR plus the Class A-IIA Margin, with respect to the Class A-IIA Certificates, or LIBOR plus the Class A-IIB Margin, with respect to the Class A-IIB Certificates, for such Distribution Date and (ii) the Weighted Average Group II Maximum Net Mortgage Rate.

Forward Amount. The aggregate amount, if any, by which (i) the Class A Principal Distribution Amount with respect to any preceding Remittance Date exceeded (ii) the amount of the actual principal distribution to the Class A Certificates on such Remittance Date.

Forward Amount means Valuation Amount x 1.52329074242.