Interest Deficiency Amount definition

Interest Deficiency Amount. With respect to the Class M-1 Certificates, the Class M-2 Certificates, the Class B-1 Certificates or the Class B-2 Certificates and any Distribution Date, the sum of any of the Interest Distribution Amount, Carryover Interest Distribution Amount, Writedown Interest Distribution Amount and Carryover Writedown Interest Distribution Amount for such Class that would remain unpaid after application of the Available Distribution Amount in accordance with Section 5(b) hereof.

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Interest Deficiency Amount. With respect to the Class A-5 Certificates, the Class M-1 Certificates and the Class B-1 Certificates and any Remittance Date, the Interest Formula Distribution Amount with respect to each such Class remaining unpaid after application of the Available Distribution Amount in accordance with Section 6.01(a).

Interest Deficiency Amount means for any Class of Guaranteed Certificates and any Distribution Date, the amount by which the Interest Distribution Amount for such Class exceeds interest actually paid to such Class pursuant to the priority of distributions described in “— Interest”.

Examples of Interest Deficiency Amount in a sentence

Such Interest Deficiency Notice shall include (i) the name of the applicable Borrower, (ii) the Monthly Interest Deficiency Amount and (iii) a demand for payment thereof.
If the applicable Monthly Report indicates that there is a Class M-1 Interest Deficiency Amount, a Class M-2 Interest Deficiency Amount and/or a Class B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the aggregate amount of such Class M-1 Interest Deficiency Amount, Class M-2 Interest Deficiency Amount and Class B-1 Interest Deficiency Amount.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Sub-Pool HE Amount Available and any Class HE: B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class HE: M-1 Interest Deficiency Amount, Class HE: M-2 Interest Deficiency Amount and Class HE: B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Sub-Pool HI Amount Available and any Class HI: B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class HI: M-1 Interest Deficiency Amount, Class HI: M-2 Interest Deficiency Amount and Class HI: B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds for the related Remittance Date) will not be sufficient to pay in full of the Class M-1 Interest Deficiency Amount, if any, and Class B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the remaining deficiency.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds for the related Remittance Date) will be sufficient to pay in full the Class M-1 Interest Deficiency Amount, if any, and the Class B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.
If the applicable Monthly Report indicates that there is a Class HI: M-1 Interest Deficiency Amount, a Class HI: M-2 Interest Deficiency Amount and/or a Class HI: B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the aggregate amount of such Class HI: M-1 Interest Deficiency Amount, Class HI: M-2 Interest Deficiency Amount and Class HI: B-1 Interest Deficiency Amount.
If the applicable Monthly Report indicates that there is a Class HE: M-1 Interest Deficiency Amount, a Class HE: M-2 Interest Deficiency Amount and/or a Class HE: B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the aggregate amount of such Class HE: M-1 Interest Deficiency Amount, Class HE: M-2 Interest Deficiency Amount and Class HE: B-1 Interest Deficiency Amount.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds and any Class B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class M-1 Interest Deficiency Amount, Class M-2 Interest Deficiency Amount and Class B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.
If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds and any Class B-2 Guaranty Payment for the related Payment Date) will not be sufficient to pay in full any Class M-1 Interest Deficiency Amount, Class M-2 Interest Deficiency Amount and Class B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the remaining deficiency.

More Definitions of Interest Deficiency Amount

Interest Deficiency Amount means for any Distribution Date and any Class of Guaranteed Certificates, the amount by which the Interest Distribution Amount for such Class exceeds the sum of (i) interest actually distributed to such Class and (ii) in the case of a Class of Accrual Certificates, the portion of such Interest Distribution Amount distributed as principal to the related Class of Accretion Directed Certificates pursuant to “Description of the Certificates — Distributions of Interest”.

Interest Deficiency Amount means, as to any Payment Date, the amount, if any, by which (a) the Class HI: M-1 Formula Interest Distribution Amount exceeds (b) the amount available for distribution to the Class HI: M-1 Certificateholders pursuant to Sections 8.04(b)(4)(i) and (ii) on such Payment Date.

Interest Deficiency Amount. As to any Distribution Date, the amount, if any, by which (a) the Class HI: B-1 Formula Interest Distribution Amount exceeds (b) the amount available for distribution to the Class HI: B-1 Certificateholders pursuant to Sections 5.3(b)(6)(i) and (ii) on such Distribution Date. Class HI: B-1 Interest Shortfall: As to any Distribution Date, the amount, if any, by which (a) the Class HI: B-1 Formula Interest Distribution Amount exceeds (b) the sum of (1) the amount distributed to Class HI: B-1 Certificateholders on such Distribution Date pursuant to Sections 5.3(b)(6)(i) and (ii), and (2) the amount distributed to Class HI: B-1 Certificateholders on such Distribution Date pursuant to Section 5.3(c).

Interest Deficiency Amount means the amount by which the amount of Interest for an Interest Period exceeds the Payment Amount.

Interest Deficiency Amount means, as to any Payment Date, the amount, if any, by which (a) the Class HE: M-1 Formula Interest Distribution Amount exceeds (b) the amount available for distribution to the Class HE: M-1 Certificateholders pursuant to Sections 8.04(d)(4)(i) and (ii) on such Payment Date.

Interest Deficiency Amount. As to any Distribution Date, the amount, if any, by which (a) the Class HI: M-1 Formula Interest Distribution Amount exceeds (b) the amount available for distribution to the Class HI: M-1 Certificateholders pursuant to Sections 5.3(b)(4)(i) and (ii) on such Distribution Date.