Group 2 Available Funds. As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 2 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 2 Mortgage Loans, (ii) amounts related to the Group 2 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 2 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 2 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 2, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.
Group 2 Available Funds. As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business on the related Distribution Account Deposit Date, attributable to the Group 2 Mortgage Loans net of the Amount Held for Future Distribution related to the Group 2 Mortgage Loans and net of amounts (i) permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(A)(ii), (ix)(B), (x) and (xi) of Section 3.10(a), (ii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b) each as it relates to the Group 2 Mortgage Loans and (iii) any amounts representing Fair Market Value Excess with respect to a Group 2 Mortgage Loan received in connection with the termination of the Trust Fund pursuant to Section 10.01 hereof, (b) the amount of the Advances related to the Group 2 Mortgage Loans, and (c) in connection with Deleted Mortgage Loans in Loan Group 2, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.
Group 2 Available Funds. As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Applicable Fraction of each of the Group 2 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 2 Mortgage Loans, (ii) amounts related to the Applicable Fractions of the Group 2 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Applicable Fraction of each of the Group 2 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b) each as it relates to the Applicable Fraction of each of the Group 2 Mortgage Loans, and (iv) any amounts representing Fair Market Value Excess with respect to the Applicable Fraction of each Group 2 Mortgage Loan received in connection with the termination of the Trust Fund pursuant to Section 10.01 hereof, (b) the amount of the related Advances related to the Applicable Fraction of each of the Group 2 Mortgage Loans and (c) in connection with each Deleted Mortgage Loan in Collateral Group 2, the Purchase Price and Substitution Adjustment Amount of each such Mortgage Loan multiplied by the related Applicable Fraction of such Mortgage Loan required to be deposited on the related Distribution Account Deposit Date.
Examples of Group 2 Available Funds in a sentence
On each Distribution Date prior to the date on which any Realized Loss would decrease the Class Principal Balance of the Special Retail Certificates, with respect to which the Trust Administrator determines that amounts are available out of Group 2 Available Funds for distributions of principal on the Special Retail Certificates, the aggregate amount allocable to such Class will be applied first to repay any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid.
On each Distribution Date prior to the date on which any Realized Loss would decrease the Class Certificate Balance of the Class 2-A-4 Certificates, with respect to which the Trustee determines that amounts are available out of Group 2 Available Funds for distributions of principal on the Class 2-A-4 Certificates, the aggregate amount allocable to the Class 2-A-4 Certificates will be applied first to repay any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid.
If the amount so remitted to the Underwriter is less than $999.99, on each Distribution Date following the date of such remittance, the Trustee shall withdraw from the Certificate Account, from the Group 2 Available Funds remaining following distributions according to Section 4.02(a)(i) item first, the excess of $999.99 over the amount so remitted and remit such amount withdrawn to the Underwriter, until the total amount remitted to the Underwriter pursuant to this paragraph is equal to $999.99.
More Definitions of Group 2 Available Funds
Group 2 Available Funds. As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 2 Mortgage Loans net of the Amount Held for Future Distribution related to the Group 2 Mortgage Loans and net of amounts permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(x) inclusive of Section 3.10(a) and amounts permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b) each as it relates to the Group 2 Mortgage Loans, (b) the amount of the related Advances related to the Group 2 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 2, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.
Group 2 Available Funds. With respect to any Payment Date, the sum of the following, in each case with respect to the Group 2 Loans:
Group 2 Available Funds. As defined in Section 7.02(d) hereof.
Group 2 Available Funds. With respect to any Distribution Date, Available Funds attributable to the Group 2 Mortgage Loans.
Group 2 Available Funds. For any Payment Date, an amount equal to the amount received by the Indenture Trustee and available in the Payment Account on that Payment Date in respect of the Group 2 Loans. The Group 2 Available Funds will generally be equal to (a) the sum of (1) the aggregate amount of scheduled payments on the Group 2 Loans received or advanced that were due during the related Due Period, (2) any unscheduled payments and receipts on the Group 2 Loans, including mortgagor prepayments on such mortgage loans, the proceeds of any repurchase of the Group 2 Loans by the Master Servicer or Seller, Insurance Proceeds (including amounts paid under the Radian Lender-Paid PMI Policy), Subsequent Recoveries and Liquidation Proceeds, received during the related Prepayment Period, in each case net of amounts reimbursable therefrom to the Indenture Trustee, the Master Servicer and any subservicer, (3) any Compensating Interest paid by the Master Servicer in respect of the Group 2 Loans and (4) any prepayment charges related to the Group 2 Loans, and reduced by (b) the sum of (1) Master Servicing Fees, the Subservicing Fees, the Owner Trustee's Fee, the Net Derivative Fee, if any, the premium on the Bond Insurance Policy in respect of the Class 2-A Bonds, any amounts in respect of the premiums payable to Radian under the Radian Lender-Paid PMI Policies in respect of the Group 2 Loans and (2) certain amounts owed to the Master Servicer, the Depositor, the Indenture Trustee and the Owner Trustee in respect of the Group 2 Loans, as provided in the Agreements.
Group 2 Available Funds. With respect to any Payment Date, the sum of the following, in each case with respect to the Group 2 Loans: (a) all previously undistributed payments on account of principal (including the principal portion of Scheduled Payments, Principal Prepayments and the principal portion of Net Liquidation Proceeds) and all previously undistributed payments on account of interest received after the Cut-off Date and on or prior to the related Determination Date on each outstanding Group 2 Loan, (b) any Monthly Advances and Compensating Interest Payments by the Servicer or the Master Servicer for such Payment Date, and (c) any amounts reimbursed by the Master Servicer in connection with losses on certain eligible investments in the Payment Account, except:
Group 2 Available Funds. As to any Distribution Date and with respect to the Group 2 Mortgage Loans, the sum of (A) the sum of all amounts described in clauses (i) through (vii) inclusive, of Section 3.02(b) received by the Servicer (including any amounts paid by the Servicer and the Seller and excluding (a) any amounts not required to be deposited in the Collection Account pursuant to Section 3.02(b), (b) Net Simple Interest Excess and (c) any amounts paid to the Servicer pursuant to Section 3.03(ii), (iii), (iv)(b), (v), (vi), (vii), (viii) and (ix) as of the related Determination Date) during the related Due Period and deposited into the Collection Account as of the Determination Date, (B) any amounts deposited into the Distribution Account from the related sub-account of the Spread Account pursuant to Section 4.01, (C) Insured Amounts, if any, and (D) any amounts deposited into the Distribution Account from the Simple Interest Excess Account. No amount included in this definition by virtue of being described by any component of the definition thereof shall be included twice by virtue of also being described by any other component or otherwise.