Regular Payment Amount definition

Regular Payment Amount. With respect to any Payment Date, the lesser of (a) the Available Payment Amount and (b) the sum of (i) the Noteholders' Interest Payment Amount and (ii) the Regular Principal Payment Amount.
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Regular Payment Amount means the amount set out in a Loan Details Area and identified or described as such, and also means such amount as changed in accordance with the terms of the Mortgage or by agreement between you and us.
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Regular Payment Amount. With respect to any Payment Date, the lesser of (a) the Available Collection Amount and (b) the sum of (i) the Noteholders' Interest Payment Amount, (ii) the Certificateholder's Interest Distribution Amount and (iii) the Regular Principal Payment Amount.
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Examples of Regular Payment Amount in a sentence

  • The amount of interest that has accumulated on the Loan Amount from one Regular Payment Date to the next which exceeds the Regular Payment Amount is called "Deferred Interest".

  • If the annual rate increases, a larger portion of the Regular Payment Amount will be applied to interest, and a smaller portion to principal, with the result that the balance owing on the Balance Due Date may be larger than the amount originally advanced to you by us (or the amount which would have been due on the Balance Due Date if this hadn't happened).

  • Once, at any time during each calendar year, you may decrease the amount of your Regular Payment Amount, provided that you give us the same prior notice as required for an increase as stated in subclause (A) above, and provided that the resulting reamortization period does not exceed the Original Amortization Period, less the amount of time that has elapsed since the Interest Adjustment Date.

  • If you do not make your Regular Payment Amount payments or any other payment when required under the Mortgage, we will charge interest at the rate provided for in the Mortgage on all overdue amounts (including overdue interest), payable and, if not paid, compounded at the same frequencies as are specified in the Mortgage for interest which is payable on the Loan Amount prior to default, such interest to be payable both before and after the Balance Due Date, default, acceleration and judgment.

  • You may pay arrears of interest by separate payment, as your Regular Payment Amount will not be applied to such interest.

  • The Regular Payment Amount is fixed during the Term, unless changed by you pursuant to the terms of the Loan as contained in the Loan Agreement or in the Mortgage.

  • Once, at any time during each calendar year, you may increase the amount of your Regular Payment Amount without penalty by an amount equal to 15% of the amount of your Regular Payment Amount in effect at the beginning of such calendar year, provided that you give us notice of your intention to make such increased payment not less than ten days prior to the Regular Payment Date on which you intend to commence to make such increased payment.

  • If your Interest Rate reaches the Cap Rate, then your Loan shall automatically be converted into a Fixed Rate Closed Loan for the balance of the Term with your Interest Rate during such period to be the Cap Rate, and your Regular Payment Amount shall be determined accordingly and shall remain the same during the balance of the Term.

  • When not in default hereunder, you shall have the non-cumulative privilege of paying, without penalty, on each Regular Payment Date, an additional amount exactly equal to the Regular Payment Amount.

  • The total of these increases during the Term may not exceed 100% of the first Regular Payment Amount which is due in each respective calendar year.


More Definitions of Regular Payment Amount

Regular Payment Amount. With respect to any Payment Date, the lesser of (a) the Available Payment Amount and (b) the sum of (i) the Noteholders' Interest Payment Amount, (ii) the Regular Principal Payment Amount and (iii) if such Payment Date relates to the Due Period in which the Pre-Funding Period shall have ended and at the termination of such Pre-Funding Period a Pre-Funding Payment Trigger shall have occurred, the amount on deposit in the Pre-Funding Account on such date.
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Regular Payment Amount means the amount set out in a Loan Details Area as being the amount you are to pay to or for our benefit on a regular basis (whether by those words or otherwise), and also means such amount as changed in accordance with the terms of the Mortgage or as agreed between you and us;
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Regular Payment Amount means the regular payment amount specified in your disclosure document, as amended (if applicable) in accordance with these terms and conditions. regular payment date means each regular payment date specified in your disclosure document, as amended (if applicable) in accordance with these terms and conditions. terms and conditions means this document. total balance means, at any time, your principal balance plus all interest charges, default interest charges, costs, expenses and other amounts accrued or incurred in accordance with your loan agreement and unpaid at that time. you and your means each person whose name appears next to 'Your details' in the disclosure document, and your executors, administrators, successors and permitted assignees. If there is more than one of you, you and your means each of you jointly and severally. References to law or legislation include statutes, regulations and legislative instruments are also references to that law or legislation as amended, re-enacted or replaced from time to time. Words that are in the singular also carry the plural meaning and vice versa. References to any agreement or document (including a reference to your loan agreement) are to the agreement or document as amended, varied, supplemented, novated or replaced. Words such as ‘include’ and 'including' must be read without limitation. Your disclosure document prevails over these terms and conditions in the event of any inconsistency.
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Regular Payment Amount. With respect to any Payment Date and any Class of Notes, the lesser of (a) the Available Payment Amount for such Class and (b) the sum of (i) the Noteholders' Interest Payment Amount for such Class and (ii) the Regular Principal Payment Amount for such Class.
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Related to Regular Payment Amount

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Payment Amount has the meaning specified in Section 6.1.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Class A Distribution Amount As to any Distribution Date, the aggregate amount distributable to the Subclasses of Class A Certificates pursuant to Paragraphs first, second, third and fourth of Section 4.01(a) on such Distribution Date.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Accrual Distribution Amount With respect to any Distribution Date on or prior to the Accretion Termination Date, an amount equal to the amount of the Accrued Certificate Interest on the Accrual Certificates that is added to the Certificate Principal Balance thereof on such Distribution Date pursuant to Section 4.02(h).

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Unscheduled Principal Distribution Amount With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.

  • M3 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates and the Class M1 and Class M2 Certificates, in each case after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M3 Certificates immediately prior to such Distribution Date exceeds (y) the M3 Target Amount.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 59.00% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $11,334,248.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • M1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Amount of the Senior Certificates after giving effect to distributions on such Distribution Date and (ii) the Class Principal Amount of the Class M1 Certificates immediately prior to such Distribution Date exceeds (y) the M1 Target Amount.

  • Formula Principal Distribution Amount means, as of any Remittance Date, the sum of:

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).