Group I Available Funds definition

Group I Available Funds. As defined in Section 7.3(a)(i) hereof.
Group I Available Funds. With respect to any Distribution Date and the Group I Mortgage Loans, an amount equal to the excess of (i) the sum of (a) the aggregate of the related Monthly Payments received on or prior to the related Determination Date, (b) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Subsequent Recoveries and other unscheduled recoveries of principal and interest in respect of the Group I Mortgage Loans during the related Prepayment Period, (c) the aggregate of any amounts received in respect of a related REO Property withdrawn from any Protected Account and deposited in the Master Servicer Collection Account for such Distribution Date, (d) the aggregate of any amounts deposited in the Master Servicer Collection Account by the related Servicer or the Master Servicer in respect of related Prepayment Interest Shortfalls for such Distribution Date and (e) the aggregate of any related Monthly Advances made by the related Servicer or the Master Servicer for such Distribution Date, over (ii) the sum of (a) related amounts reimbursable or payable to the related Servicer or the Master Servicer pursuant to Sections 4.03 and 4.05, (b) related Stayed Funds, (c) related amounts deposited in the Master Servicer Collection Account or the Distribution Account, as the case may be, in error and (d) any Extraordinary Trust Fund Expenses.
Group I Available Funds. With respect to any Distribution Date and Loan Group I, an amount equal to the excess of (i) the sum of (a) the aggregate of the related Monthly Payments received on or prior to the Determination Date, (b) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Prepayment Premiums and other unscheduled recoveries of principal and interest in respect of the Group I Mortgage Loans during the related Prepayment Period, (c) the aggregate of any amounts received in respect of a related REO Property withdrawn from any REO Account and deposited in the Collection Account for such Distribution Date, (d) the aggregate of any amounts deposited in the Collection Account by the Master Servicer in respect of related Prepayment Interest Shortfalls for such Distribution Date, (e) the aggregate of any related Advances made by the Master Servicer for such Distribution Date, (f) the aggregate of any related advances made by the Trustee for such Distribution Date pursuant to Section 7.02, (g) that portion of the Purchase Price of any repurchased Group I Mortgage Loan, deposited to the Collection Account during the related Prepayment Period, (h) any Substitution Adjustments related to Group II Mortgage Loans deposited in the Collection Account during the related Prepayment Period, (i) with respect to the first Distribution Date immediately following the Pre-Funding Period, the amount, if any, transferred from the related Pre-Funding Account and Capitalized Interest Account into the Distribution Account (exclusive of any Pre-Funding Earnings), (j) on the Distribution Date on which the Trust is to be terminated pursuant to Section 10.01, the portion of the Termination Price in respect of Loan Group I and (k) any payments under the Certificate Insurance Policy with respect to the Group I Certificates, over (ii) the sum of (a) related amounts reimbursable or payable to the Master Servicer pursuant to Section 3.11(a) with respect to Loan Group I, (b) the amount payable to the Trustee pursuant to Section 8.05 with respect to Loan Group I, and (c) related amounts deposited in the Collection Account or the Distribution Account, as the case may be, in error.

Examples of Group I Available Funds in a sentence

  • The amounts described in the preceding sentence, as determined separately with respect to the Group I Loans, and Group II Loans, with respect to each Distribution Date are the "Group I Available Funds" and "Group II Available Funds" for such Distribution Date.

  • Distributions shall be made by wire transfer in immediately Group I Available Funds to for the account of account number or, if mailed by check, to Applicable reports and statements should be mailed to This information is provided by the assignee named above, or as its agent.

  • Mr. Atul Kumar Labh, Practising Company Secretary (FCS-4848/CP-3238), the Scrutinizer conducted the postal ballot voting/e-voting process in accordance with the law and in a fair and transparent manner.

  • The amounts described in the preceding sentence, as determined separately with respect to the Group I Loans, Group II Loans and Group III Loans, with respect to each Distribution Date are the "Group I Available Funds," "Group II Available Funds" and "Group III Available Funds" for such Distribution Date.

  • If the Master Servicer determines that a Monthly Advance is required, it shall on the Business Day immediately prior to the related Distribution Date deposit in the Collection Account (from its own funds or funds advanced by the Servicer) immediately Group I Available Funds in an amount equal to such Monthly Advance.


More Definitions of Group I Available Funds

Group I Available Funds. As defined in Section 6.04(a).
Group I Available Funds. As defined in Section 7.02(b) hereof.
Group I Available Funds means the sum of Interest Funds and Principal Funds relating to Loan Group I.
Group I Available Funds. An amount equal to the sum of (a) Group I-1 Available Funds, (b) Group I-2 Available Funds, (c) Group I-3 Available Funds and (d) Group I-4 Available Funds.
Group I Available Funds. For any Distribution Date and Loan Group I, an amount which generally includes, (1) all previously undistributed payments on account of principal (including the principal portion of Monthly Payments, Principal Prepayments and the principal amount of Net Liquidation Proceeds) with regard to the Group I Mortgage Loans, less any Capitalization Reimbursement Amount to the extent such amount relates to any Mortgage Loan in the related Loan Group, and all previously undistributed payments on account of interest received after the Cut-Off Date and on or prior to the related Determination Date and any proceeds from a repurchase of a Group I Mortgage Loan or from an optional termination relating to Loan Group I, (2) any Monthly Advances made by the Master Servicer or a Servicer for such Distribution Date in respect of the Group I Mortgage Loans, (3) any Compensating Interest made by a Servicer for such Distribution Date in respect of the Group I Mortgage Loans and (4) any amounts reimbursed by the Master Servicer or the Trustee in connection with losses on certain eligible investments, net of all fees payable to, and amounts reimbursable to, the Servicers, the Master Servicer, the Trustee and the Custodian as provided in this Agreement and the Custodial Agreement and investment earnings on amounts on deposit in the Master Servicer Collection Account and the Distribution Account in connection with funds attributable to Loan Group I.
Group I Available Funds. As of any Payment Date, the amount on deposit in the Certificate Account with respect to the Group I Mortgage Loans on such Payment Date after making the deposits to the Certificate Account pursuant to Sections 7.3(a)(i) hereof on such Payment Date. The term "Group I Available Funds" does not include Insured Payments and does not include any amounts that cannot be distributed to the Owners of the Certificates by the Trustee as a result of proceedings under the United States Bankruptcy Code.