Group I Interest Remittance Amount definition

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Group I Interest Remittance Amount. For any Distribution Date, that portion of the Available Distribution Amount for the related Distribution Date that represents interest received or advanced on the Group I Mortgage Loans and Compensating Interest Payments on the Group I Mortgage Loans (net of Servicing Fees and Credit Risk Manager Fees).

Group I Interest Remittance Amount. With respect to any Distribution Date is that portion of the Available Distribution Amount for such Distribution Date that represents interest received or advanced on the Group I Mortgage Loans (after taking into account amounts payable or reimbursable to the Trustee, the Custodian, the Securities Administrator, the Master Servicer or the Servicer pursuant to this Agreement or the Custodial Agreement).

Examples of Group I Interest Remittance Amount in a sentence

Group I Interest Remittance Amount ---------------------------------- With respect to any Determination Date, the sum, without duplication, of (a) all interest collected or advanced on the Group I Loans during the related Due Period and (b) the portion of any Substitution Adjustment Amount, Termination Price, Purchase Price, or Liquidation Proceeds, relating to interest with respect to the Group I Loans and received during the related Due Period.
Remaining Interest Remittance Amount ------------------------------------ With respect to any Distribution Date, an amount equal to the sum of any Group I Interest Remittance Amount, Group II-A Interest Remittance Amount and Group II-B Interest Remittance Amount remaining after giving effect to the distributions set forth in clauses (i), (ii) and (iii) of Section 4.02(a).
Remaining Interest Remittance Amount ------------------------------------ With respect to any Distribution Date, an amount equal to the sum of any Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining after giving effect to the distributions set forth in clauses (i) and (ii) of Section 4.02(a).
Any Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining undistributed pursuant to clause (c) will be used in determining the amount of Total Monthly Excess Spread, if any, for such Distribution Date.
Group I Interest Remittance Amount ---------------------------------- With respect to any Determination Date, the sum, without duplication, of (a) all interest collected or advanced on the Group I Loans during the related Due Period and (b) the portion of any Substitution Adjustment Amount, Termination Price, Purchase Price, or Liquidation Proceeds, relating to interest with respect to the Group I Loans and received during the related Prepayment Period.

More Definitions of Group I Interest Remittance Amount

Group I Interest Remittance Amount. For any Distribution Date, the portion of the Interest Remittance Amount that was collected or advanced on the Group I Mortgage Loans.

Group I Interest Remittance Amount. As of any Distribution Date, the sum, without duplication, of (i) all interest due and collected with respect to the related Collection Period on the Group I Mortgage Loans received by the Servicer on or prior to the Determination Date for such Distribution Date and any interest advanced by the Servicer or the Trustee on the Group I Mortgage Loans with respect to the related Collection Period (less the Servicing Fee, amounts available for reimbursement of Advances and Servicing Advances pursuant to Section 3.05 and expenses reimbursable pursuant to Section 6.03, amounts reimbursable or payable to the Trustee pursuant to this Agreement, including, without limitation, Sections 7.01 and 8.05 and amounts reimbursable or payable to the Securities Administrator pursuant to this Agreement, including, without limitation, Sections 8.05 and 9.01(c)), (ii) all Compensating Interest paid by the Servicer on the related Distribution Date with respect to such Group I Mortgage Loans, (iii) the portion of any payment in connection with any Principal Prepayment, substitution, Purchase Price, Termination Price, Insurance Proceeds or Net Liquidation Proceeds relating to interest with respect to such Group I Mortgage Loans received during the related Prepayment Period and (iv) the portion of any Reimbursement Amount relating to interest on such Group I Mortgage Loans received during the related Prepayment Period.

Group I Interest Remittance Amount. With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans minus a pro rata portion (based on the Certificate Principal Balance of the Group I Certificates divided by the aggregate Certificate Principal Balance of the Class A Certificates) of the sum of any Net Swap Payment owed to the Swap Provider on that Distribution Date and any Swap Termination Payment or unpaid portion thereof owed to the Swap Provider on that Distribution Date (other than a Swap Termination Payment resulting from a Swap Provider Trigger Event).

Group I Interest Remittance Amount. With respect to any Payment Date, that portion of the Available Payment Amount for such Payment Date allocable to interest on the Group I Mortgage Loans.

Group I Interest Remittance Amount. With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date that represents interest received or advanced on the Group I Mortgage Loans, minus an amount equal to the Group I Net WAC Allocation Percentage of any Net Swap Payment or Swap Termination Payment (other than termination payments resulting from a Swap Provider Trigger Event) paid to the Interest Rate Swap Provider.

Group I Interest Remittance Amount. For any Distribution Date, the sum of the following amounts:

Group I Interest Remittance Amount. As of any Monthly Remittance Date, the sum, without duplication, of (i) all interest due during the related Remittance Period with respect to the Home Equity Loans in Group I (net of the Group I Servicing Fees), (ii) all Compensating Interest paid by the Servicer on such Monthly Remittance Date with respect to Group I, (iii) the portions of the Loan Purchase Prices and the Substitution Amount relating to interest on the Home Equity Loans in Group I paid by the Seller or Servicer on or prior to such Monthly Remittance Date and (iv) the interest portion of all Net Liquidation Proceeds actually collected by the Servicer with respect to such Home Equity Loans in Group I during the related Remittance Period.