Monthly Excess Cashflow definition

Monthly Excess Cashflow. For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) the Pool 1 Monthly Excess Interest and the Pool 2 Monthly Excess Interest for such date, (ii) the Aggregate Overcollateralization Release Amount for such date and (iii) any remaining Principal Distribution Amount from either Mortgage Pool after making the distributions in Section 5.02(d) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (1) the Pool 1 Monthly Excess Interest, the Pool 2 Monthly Excess Interest and the Pool 3 Monthly Excess Interest for such date and (2) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Examples of Monthly Excess Cashflow in a sentence

• Such class will be entitled to receive the amount of any Basis Risk Shortfall on a subordinated basis from Monthly Excess Cashflow treated as paid from and to the extent of funds on deposit in a reserve fund (the “Basis Risk Reserve Fund”).

• Principal and the Monthly Excess Cashflow Amount in respect of this Certificate is distributable monthly as set forth in the Pooling and Servicing Agreement.

• Section 4.02 Distributions of Principal and Monthly Excess Cashflow Amounts.

• Notwithstanding anything to the contrary in this Agreement, in no event will the Certificate Principal Balance of any Class A Certificate or Class M Certificate be reduced more than once in respect of any particular amount both (i) allocable to the Class A Certificate or Class M Certificate in respect of Realized Losses and (ii) payable as principal to the Holder of the Certificate from Net Monthly Excess Cashflow.

• Group 1 Excess Interest Amount: For any Distribution Date, the product of (a) the amount of Monthly Excess Interest required to be distributed on that Distribution Date pursuant to subclause (2)(A) of the Monthly Excess Cashflow waterfall and (b) a fraction, the numerator of which is the Principal Remittance Amount derived from Loan Group 1 and the denominator of which is the Principal Remittance Amount, in each case for that Distribution Date.

More Definitions of Monthly Excess Cashflow

Monthly Excess Cashflow. With respect to any Distribution Date, the sum, without duplication, of (w) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 4.1(b)(vii), (x) that portion, if any, of the Principal Remittance Amount for such date available for distribution pursuant to Section 4.1(c)(i)(E) or 4.1(c)(ii)(E), (y) the Aggregate Overcollateralization Release Amount for such date and (z) Excess Proceeds for such date.

Monthly Excess Cashflow. With respect to any Payment Date, the sum, of (i) the Monthly Excess Interest for such date, (ii) the Overcollateralization Release Amount for such date and (iii) any remaining Principal Payment Amount after application pursuant to Section 4.1(c) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 5.02(b)(viii) of this Agreement and (y) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Monthly Excess Cashflow. With respect to any Distribution Date, the excess, if any, of (i) the Available Distribution Amount for such Distribution Date over (ii) the sum of (A) the amount of interest distributions on all Classes of Offered Certificates pursuant to clauses (i) through (iii) of Section 4.01(a) and (B) the Principal Collections for the related Collection Period.

Monthly Excess Cashflow. For any Payment Date, an amount equal to the portion of the Remittance Amount, if any, remaining after the payments of interest and principal under Sections 3.05(b) (c) and (d) of the Indenture.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) the Monthly Excess Interest for such Distribution Date, (y) the Aggregate Overcollateralization Release Amount for such Distribution Date and (z) the Monthly Excess Principal for such Distribution Date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) the Monthly Excess Interest for such date, (y) Overcollateralization Release Amount for such date and (z) that portion, if any, of the Principal Distribution Amount for such date available for distribution pursuant to Section 5.02(c)(i)(C) or Section 5.02(c)(ii)(L) hereof.