Monthly Excess Interest Amount definition

Monthly Excess Interest Amount. With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

Monthly Excess Interest Amount. With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount, Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.01 hereof.

Monthly Excess Interest Amount. With respect to each Distribution Date, the amount, if any, by which the Interest Remittance Amount for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to paragraphs (i) through (xviii) under Section 4.01.

Examples of Monthly Excess Interest Amount in a sentence

• Extra Principal Distribution Amount ----------------------------------- As of any Distribution Date, the lesser of (a) the Monthly Excess Interest Amount for that Distribution Date and (b) the Overcollateralization Deficiency for that Distribution Date.

• Realized Losses shall be allocated, through the priority of distributions in Section 4.02, first against the Monthly Excess Interest Amount and then against the Overcollateralization Amount until such amount has been reduced to zero.

• Realized Losses shall be allocated first against the Monthly Excess Interest Amount and then against the Overcollateralization Amount until such amount has been reduced to zero.

• Monthly Excess Cashflow Amount The sum of the Monthly Excess Interest Amount, the Overcollateralization Release Amount and the Remaining Principal Distribution Amount.

• Monthly Excess Interest Amount As to any Distribution Date, an amount equal to any Remaining Interest Remittance Amount remaining after the distributions set forth in clauses (ii)(A) through (ii)(I) of Section 4.02(a).

More Definitions of Monthly Excess Interest Amount

Monthly Excess Interest Amount. With respect to either Mortgage Loan Group and any Distribution Date means the excess, if any, of the interest accrued on the related Mortgage Loans at weighted average net Mortgage Loan Rate for the Mortgage Loans in such Mortgage Loan Group over the Accrued Certificate Interest for the related Offered Certificates during the related Interest Period.

Monthly Excess Interest Amount. With respect to any Payment Date, the excess, if any, of (i) the Interest Amount Available for the related Remittance Period, over (ii) the Current Interest on such Payment Date.

Monthly Excess Interest Amount. With respect to Group I, the Group I Monthly Excess Interest Amount, and with respect to Group II, the Group II Monthly Excess Interest Amount.

Monthly Excess Interest Amount. As to any Distribution Date, Available Funds remaining after distributions pursuant to Section 4.02(i) and (ii) (other than the Extra Principal Distribution Amount).

Monthly Excess Interest Amount. With respect to any Distribution Date, such term has the meaning set forth in paragraph Sixth of Section 4.01(a).

Monthly Excess Interest Amount. With respect to each Distribution Date, the amount, if any, by which the Interest Remittance Amount for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date to the Certificates pursuant to Section 5.02(a) priorities first through eleventh.

Monthly Excess Interest Amount. With respect to any Distribution Date, the excess, if any, of (i) the Interest Amount Available for the related Due Period over (ii) the Current Interest on the Offered Certificates and the Class A Interest Carry Forward Amount on such Distribution Date.