Interest Carryforward Amount. Any of the Class IA-1 Interest Carryforward Amount, the Class IA-2 Interest Carryforward Amount, the Class IA-3 Interest Carryforward Amount, the Class IA-4 Interest Carryforward Amount, the Class IA-5 Interest Carryforward Amount, the Class IA-6 Interest Carryforward Amount, the Class IM-1 Interest Carryforward Amount, the Class IM-2 Interest Carryforward Amount, the Class IB Interest Carryforward Amount, the Class C Group I Interest Carryforward Amount, the Class IIA-1 Interest Carryforward Amount, the Class IIA-2 Interest Carryforward Amount, the Class IIM-1 Interest Carryforward Amount, the Class IIM-2 Interest Carryforward Amount, the Class IIB Interest Carryforward Amount or the Class C Group II Interest Carryforward Amount, as the case may be.
Interest Carryforward Amount. As of the first Distribution Date and with respect to each Class of Group I Offered Certificates, zero, and for each Distribution Date thereafter, the sum of (i) the excess of (a) the Current Interest for such Class with respect to prior Distribution Dates over (b) the amount actually distributed to such Class of Group I Certificates with respect to interest on or after such prior Distribution Dates and (ii) interest thereon (to the extent permitted by applicable law) at the applicable Pass-Through Rate for such Class for the related Interest Accrual Period including the Interest Accrual Period relating to such Distribution Date.
Interest Carryforward Amount. With respect to any Class of Class A Certificates or Class M Certificates and any Distribution Date, the sum of (a) on any Distribution Date on which the Pass-Through Rate is equal to the Available Funds Rate, the excess, if any, of (i) Accrued Certificate Interest for such Class assuming the Net Rate Cap for such Distribution Date was equal to the Net WAC Cap Rate over (ii) Accrued Certificate Interest calculated based on such Available Funds Rate and (b) interest on the amount calculated pursuant to clause (a) for any prior Distribution Date that remains unreimbursed at the related Pass-Through Rate for such Distribution Date.
Examples of Interest Carryforward Amount in a sentence
The failure to pay any Interest Carryforward Amount at any time when funds are not available to make such payment as provided in the Indenture shall not constitute an Event of Default under the Indenture.
More Definitions of Interest Carryforward Amount
Interest Carryforward Amount. As of any Distribution Date and with respect to each Class of Certificates (other than the Class XP Certificates, Class B-IO Certificates and Residual Certificates), the sum of (i) the excess of (a) the Current Interest for such Class with respect to prior Distribution Dates over (b) the amount actually distributed to such Class of Certificates with respect to interest on or after such prior Distribution Dates and (ii) interest thereon (to the extent permitted by applicable law) at the applicable Pass-Through Rate for such Class for the related Interest Accrual Period including the Interest Accrual Period relating to such Distribution Date.
Interest Carryforward Amount. Any of the Class A Interest Carryforward Amount, the Class R Interest Carryforward Amount, the Class M-1 Interest Carryforward Amount, the Class M-2 Interest Carryforward Amount, the Class B-1 Interest Carryforward Amount or the Class B-2 Interest Carryforward Amount, as the case may be.
Interest Carryforward Amount. For any Class of Overcollateralized Certificates (other than the Class CE and Class P Certificates) and any Distribution Date, the sum of (a) the excess, if any, of the Overcollateralized Accrued Certificate Interest for such Distribution Date over the amount in respect of interest actually distributed on such Class for such Distribution Date, (b) any remaining unpaid Interest Carryforward Amount from prior Distribution Dates and (c) interest on such remaining Interest Carryforward Amount referred to in clause (b) at the applicable Pass-Through Rate for the related Interest Accrual Period.
Interest Carryforward Amount. As of any Distribution Date and with respect to each Class of Certificates other than the Class B-IO Certificates and the Residual Certificates, the sum of (i) the excess of (a) the Current Interest for such Class with respect to prior Distribution Dates over (b) the amount actually distributed to such Class of Certificates with respect to interest on such prior Distribution Dates and (ii) interest thereon (to the extent permitted by applicable law) at the applicable Pass-Through Rate for such Class for the related Accrual Period including the Accrual Period relating to such Distribution Date.
Interest Carryforward Amount. With respect to (i) the Class A-1 Certificates, the Class A-1 Interest Carryforward Amount, (ii) the Class A-R Certificates, xxx Xxxxx X-X Xxxxxxxx Xxxxxxxxxxxx Xmount, (iii) the Class A-IO Certificates, the Class A-IO Interest Carryforward Amount, (iv) the Class M-1 Certificates, the Class M-1 Interest Carryforward Amount, (v) the Class M-2 Certificates, the Class M-2 Interest Carryforward Amount, (vi) the Class B-1 Certificates, the Class B-1 Interest Carryforward Amount and (vii) the Class B-2 Certificates, the Class B-2 Interest Carryforward Amount.
Interest Carryforward Amount. With respect to (i) the Class AF-1 Certificates, the Class AF-1 Interest Carryforward Amount, (ii) the Class AF-2 Certificates, the Class AF-2 Interest Carryforward Amount, (iii) the Class AF-3 Certificates, the Class AF-3 Interest Carryforward Amount, (iv) the Class AF-4 Certificates, the Class AF-4 Interest Carryforward Amount, (v) the Class AF-5 Certificates, the Class AF-5 Interest Carryforward Amount, (vi) the Class AF-6 Certificates, the Class AF-6 Interest Carryforward Amount, (vii) the Class AF-IO Certificates, the Class AF-IO Interest Carryforward Amount, (viii) the Class MF-1 Certificates, the Class MF-1 Interest Carryforward Amount, (ix) the Class MF-2 Certificates, the Class MF-2 Interest Carryforward Amount, (x) the Class BF-1 Certificates, the Class BF-1 Interest Carryforward Amount, (xi) the BF-2 Certificates, the BF-2 Interest Carryforward Amount, (xii) the Class AV-1 Certificates, the Class AV-1 Interest Carryforward Amount, (xiii) the Class AV-2 Certificates, the Class AV-2 Interest Carryforward Amount, (xiv) the Class AV-IO Certificates, the Class AV-IO Interest Carryforward Amount, (xv) the Class MV-1 Certificates, the Class MV-1 Interest Carryforward Amount, (xvi) the Class MV-2 Certificates, the Class MV-2 Interest Carryforward Amount, (xvii) the Class BV-1 Certificates, the Class BV-1 Interest Carryforward Amount and (xviii) the Class BV-2 Certificates, the Class BV-2 Interest Carryforward Amount.
Interest Carryforward Amount. For any Distribution Date, the sum of (i) the excess of (a) the Class AV-2 Current Interest with respect to prior Distribution Dates over (b) the amount actually distributed to the Class AV-2 Certificates with respect to interest and (ii) interest thereon (to the extent permitted by applicable law) at the Class AV-2 Pass-Through Rate for the related Accrual Period.