Group II 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 II Mortgage Loans.
Group II Interest Remittance Amount. With respect to any Distribution Date, that portion of the Available Distribution Amount for such Distribution Date that represents interest received or advanced on the Group II Mortgage Loans (net of the Administration Fees and any Prepayment Charges and after taking into account amounts payable or reimbursable to the Trustee, the Custodian, the Securities Administrator, the Credit Risk Manager, the Master Servicer or the Servicer pursuant to this Agreement or the Custodial Agreement with respect to the Group II Mortgage Loans).
Group II 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 II Mortgage Loans minus a pro rata portion (based on the aggregate Certificate Principal Balance of the Group II 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).
Examples of Group II Interest Remittance Amount in a sentence
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.
The Group I Trust Administrator Fee shall be payable solely from the Group I Interest Remittance Amount and the Group II Trust Administrator Fee shall be payable solely from the Group II Interest Remittance Amount.
The Trustee Fee shall be paid from the Group I Interest Remittance Amount and the Group II Interest Remittance Amount pro rata based on the principal balance of the Mortgage Loans in each Loan Group.
Group II Interest Remittance Amount ----------------------------------- With respect to any Determination Date, the sum, without duplication, of (a) all interest collected or advanced on the Group II Loans during the related Due Period and (b) the portion of any Substitution Adjustment Amount, Termination Price, payment in connection with any repurchase of a Deleted Loan, or Liquidation Proceeds, relating to interest with respect to the Group II Loans and received during the related Due Period.
More Definitions of Group II Interest Remittance Amount
Group II 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 II 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 II 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 II 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 II Mortgage Loans received during the related Prepayment Period and (iv) the portion of any Reimbursement Amount relating to interest on such Group II Mortgage Loans received during the related Prepayment Period.
Group II Interest Remittance Amount. As of any Remittance Date, the sum, without duplication, of (i) all scheduled interest collected by the Servicer during the related Due Period with respect to the Mortgage Loans in Group II, (ii) all Delinquency Advances relating to interest made by the Servicer on such Remittance Date with respect to Group II, and (iii) all Compensating Interest paid by the Servicer on such Remittance Date with respect to Group II.
Group II 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 II Mortgage Loans.
Group II Interest Remittance Amount. As of any Monthly Remittance Date, the sum, without duplication, of (i) all interest paid during the related Remittance Period with respect to the Home Equity Loans in Group II (net of the Group II Servicing Fees), (ii) all Compensating Interest paid by the Servicer on such Monthly Remittance Date with respect to Group II, (iii) the portions of the Loan Purchase Prices and the Substitution Amount relating to interest on the Home Equity Loans in Group II 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 II during the related Remittance Period.
Group II 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 II Mortgage Loans, minus an amount equal to the Group II 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 II Interest Remittance Amount. For any Remittance Date, the amount equal to (x) the sum, without duplication, of (i) the aggregate interest portions of the payments (whether or not collected) becoming due on the Group II Mortgage Loans during the immediately preceding Remittance Period and (ii) Compensating Interest with respect to the Group II Mortgage Loans minus (y) the aggregate Master Servicing Fee due to the Master Servicer with respect to the Group II Mortgage Loans for such Remittance Period to the extent not previously paid to, or withheld by, the Master Servicer.
Group II Interest Remittance Amount. As of any Monthly Remittance Date, the sum, without duplication, of (i) all interest collected or required to be advanced with respect to the related Remittance Period with respect to the Mortgage Loans in Group II (less the Servicing Fee with respect to such Mortgage Loans), (ii) all Compensating Interest paid by the Servicers on such Monthly Remittance Date with respect to Mortgage Loans in Group II, (iii) the portion of the Substitution Amount relating to interest on the Mortgage Loans in Group II, (iv) any amounts related to Group II required to be transferred from the Capitalized Interest Account to the Certificate Account pursuant to Section 7.04(e) hereof on the related Payment Date and (v) all Net Liquidation Proceeds relating to interest not previously advanced with respect to the Mortgage Loans in Group II.