Group I Insured Payment definition

Group I Insured Payment. As defined in the Group I Certificate Insurance Policy.

Group I Insured Payment. An amount equal to the sum of (i) as of each Payment Date, the Group I Deficiency Amount and (ii) any unpaid Group I Preference Amount.

Group I Insured Payment. As defined in the Fixed Rate Certificate Insurance Policy.

Examples of Group I Insured Payment in a sentence

• The Insurer's obligations hereunder with respect to a particular Group I Insured Payment shall be discharged to the extent funds equal to the applicable Group I Insured Payment are received by the Trustee, whether or not such funds are properly applied by the Trustee.

• Group I Insured Payments due hereunder unless otherwise stated herein will be disbursed by the Fiscal Agent to the Trustee on behalf of the Owners by wire transfer of immediately available funds in the amount of the Group I Insured Payment less, in respect of Group I Insured Payments related to Group I Preference Amounts, any amount held by the Trustee for the payment of such Group I insured Payment and legally available therefor.

• To evidence such subrogation, the Trustee shall, or shall cause the Certificate Registrar to, note the Certificate Insurer's rights as subrogee on the registration books maintained by the Trustee or the Certificate Registrar upon receipt from the Certificate Insurer of proof of payment of any Group I Insured Payment or Group II Insured Payment, as applicable.

• To evidence such subrogation, the Trustee shall, or shall cause the Certificate Registrar to, note the Group I Insurer's rights as subrogee on the registration books maintained by the Trustee or the Certificate Registrar upon receipt from the Group I Insurer of proof of payment of any Group I Insured Payment.

• To evidence such subrogation, the Trustee shall, or shall cause the Registrar to, note the Certificate Insurer's rights as subrogee on the registration books maintained by the Trustee or the Registrar upon receipt from the Certificate Insurer of proof of payment of any Group I Insured Payment or Group II Insured Payment, as applicable.

More Definitions of Group I Insured Payment

Group I Insured Payment. The Insured Payment as defined in the Group I Policy.

Group I Insured Payment means, (i) on each Distribution Date, an amount equal to (a) the Group I Class A Interest Distribution Amount minus Group I Available Funds and (b) the Group I Subordination Deficit (to the extent not covered by Cross-Collateralization Payments (as defined in the Prospectus Supplement)) and (ii) the unpaid Group I Preference Amount.

Group I Insured Payment. As of any Payment Date, the sum of (x) the Group I Shortfall Amount for such Payment Date and (y) any Preference Amounts with respect to the Group I Certificates with respect to which the affected Owners have complied with the provisions of Section 7.3(g) hereof during the related Remittance Period.

Group I Insured Payment with respect to the Class A-1 Certificates and as to any Payment Date, will equal the sum of (i) the excess, if any, of (a) the Class A-1 Current Interest over (b) the Group I Total Available Funds (after any deduction for the Group I Premium Amount and the Group I Trustee Fee), (ii) the Group I Subordination Deficit, if any (after applying the cross collateralization provisions of Section 7.5(d)(ii)(A) and (B) of the Agreement), and (iii) the Group I Preference Amount.

Group I Insured Payment. As defined in the Group I Certificate Insurance Policy as "Insured payment". "Group I Insured Payment": As defined in the Group I Certificate Insurance Policy.

Group I Insured Payment. With respect to any Payment Date, without duplication, (A) the excess, if any, of (i) the sum of the aggregate Current Interest of the Group I Class A Certificates and the then existing Group I Class A Overcollateralization Deficit, if any, over (ii) the Group I Total Available Funds after taking into account the portion of any Class A Principal Distribution Amount for Loan Group I to be actually distributed on such Payment Date without regard to any Insured Payment to be made with respect to such Payment Date, plus (B) an amount equal to the aggregate Preference Amount with respect to the Group I Class A Certificates plus (C) on the September 1999 Payment Date only, the excess, if any, of (i) the Certificate Principal Balance of the Class A-1 Certificates over (ii) the Class A Principal Distribution Amount for Loan Group I for such Payment Date.

Group I Insured Payment. As of any Payment Date, without duplication, (A) the excess, if any, of (I) the sum of the aggregate Current Interest of the Group I Class A Certificates and the then existing Group I Overcollateralization Deficit, if any, over (II) the Group I Total Available Funds after taking into account the portion of any Principal Distribution Amount to be actually distributed on such Payment Date without regard to any Insured Payment to be made with respect to such Payment Date plus (B) an amount equal to the Preference Amount with respect to the Group I Class A Certificates plus (C) the excess, if any, on the March 15, 1999 Payment Date, of (I) the Certificate Principal Balance of the Class A-1 Certificates, over (II) the related Principal Remittance Amount for such Payment Date, but not in excess of the Aggregate Insured Payment for such Payment Date.