Supplemental Interest Amount definition

Supplemental Interest Amount. The Class A Supplemental Interest Amount or Class M Supplemental Interest Amount, as applicable.

Supplemental Interest Amount. As of any Payment Date, the sum of (i) the excess, if any, of (a) interest accrued on the Class [M-2] Notes during the related Collection Period at the Class [M-2] Formula Rate over (b) interest due on the Class [M-2] Notes at the Class [M-2] Note Rate, (ii) any Class [M-2] Supplemental Interest Amount remaining unpaid from prior Payment Dates and (iii) interest on the amount in clause (ii) at the Class [M-2] Formula Rate. Closing Date: [ ].

Supplemental Interest Amount. With respect to any Payment Date, the excess, if any, of (x) the Class A-7 Current Interest due on the Class A-7 Certificates calculated using the Formula Pass-Through Rate for the Class A-7 Certificates applicable to such Payment Date over (y) the interest due on such Class calculated at the ARM Group Available Funds Cap Rate applicable to such Payment Date.

Examples of Supplemental Interest Amount in a sentence

• Supplemental Interest Amount: As of any Payment Date, with respect to the Class A and Class M Notes, the sum of (i) the excess, if any, of interest due at the applicable Formula Rate over interest due on such Notes at the applicable Note Rate, (ii) any Supplemental Interest Amount remaining unpaid from prior Payment Dates and (iii) interest on the amount in clause (ii) at the applicable Formula Rate (without regard to the Available Funds Cap).

• Percentage of coastline corresponding to each category of vulnerability to storm-induced erosion and inundation for different return periods.

• On each Distribution Date as to which there is a Supplemental Interest Amount, the Trustee has been directed by the Class C Certificateholders to, and therefor will, deposit into the Supplemental Interest Reserve Fund the amounts described in Section 5.01(b)(8), rather than distributing such amounts to the Class C Certificateholders.

• EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE CONTIMORTGAGE HOME EQUITY LOAN TRUST 1996-4 HOME EQUITY LOAN PASS-THROUGH CERTIFICATE AND RELATED RIGHT TO RECEIVE SUPPLEMENTAL INTEREST CLASS A-1 (Adjustable Pass-Through Rate) Comprised of (i) a Certificate representing Certain Interests in a Pool of Home Equity Loans and (ii) the Uncertificated Right to Receive the Supplemental Interest Amount.

• However, in certain limited circumstances (with consent of 662/3% of the outstanding principal balance of the Notes), the mortgage loans remaining in the trust after the Payment Date in June 2013 may be sold for less than the full outstanding principal balance of and accrued interest and any Supplemental Interest Amount on the Class A and Class M Notes.

More Definitions of Supplemental Interest Amount

Supplemental Interest Amount. (A) With respect to the Class A-V1 Certificates on any Distribution Date, the sum of (i) the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period calculated at the lesser of (x) the Class A-V1 Formula Pass-Through Rate and (y) 14%, over the amount of interest that did accrue thereon at the Class A-V1 Pass-Through Rate and (ii) any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date (and in the case of any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date, interest thereon calculated at the lesser of (x) the Class A-V1 Formula Pass-Through Rate and (y) 14%, to the extent lawful) and (B) with respect to the Class A-V2 Certificates on any Distribution Date, the sum of (i) the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period calculated at the lesser of (x) the related Class A-V2 Formula Pass-Through Rate and (y) 14%, over the amount of interest that did accrue thereon at the Class A-V2 Pass-Through Rate and (ii) any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date (and, in the case of any related Supplemental Interest Amount remaining unpaid from a prior Distribution Date, interest thereon calculated at the lesser of (x) the related Class A-V2 Formula Pass-Through Rate and (y) 14%, to the extent lawful). The Certificate Insurance Policy will not cover any Supplemental Interest Amount.

Supplemental Interest Amount. As of any Payment Date, the sum of (i) the excess, if any, of (a) interest due on the Notes at the Formula Rate over (b) interest due on the Notes at an interest rate equal to the Available Funds Cap, (ii) any Supplemental Interest Amount remaining unpaid from prior Payment Dates and (iii) interest on the amount in clause (ii) at the Formula Rate.

Supplemental Interest Amount. With respect to either Class of Adjustable Rate Group Certificates on any Distribution Date, the positive excess, if any, of the amount of interest that would have accrued thereon during the related Interest Period at the related Formula Pass-Through Rate over the amount of interest that did accrue thereon at the Adjustable Rate Group Available Funds Cap (and in the case of any such excess remaining unpaid from a prior Distribution Date, interest thereon at the related Formula Pass-Through Rate, to the extent lawful).

Supplemental Interest Amount. With respect to [either Class of Class A] Certificates and any Distribution Date, the sum of (i) the excess, if any, of (a) interest accrued on such Class of Certificates at the applicable Formula Rate for such Class for the related Accrual Period over (b) interest accrued on such Class of Certificates at the applicable Pass-Through Rate for the related Accrual Period, (ii) any Supplemental Interest Amount for such Class remaining unpaid from prior Distribution Dates and (iii) interest on the amount in clause (ii) at the applicable Formula Rate for such Class and such Distribution Date.

Supplemental Interest Amount means, with respect to any Series of Notes, that amount of Supplemental Interest due and payable on such Series of Note on a Payment Date, including any Supplemental Interest due and payable on a prior Payment Date that was not paid on such prior Payment Date.

Supplemental Interest Amount. The Class [A-1] Supplemental Interest Amount, Class [A-2] Supplemental Interest Amount, Class [M-1] Supplemental Interest Amount or Class [M-2] Supplemental Interest Amount, as applicable.

Supplemental Interest Amount. With respect to any Payment Date, the sum of (A) the excess, if any, of (x) the Class A-1 Current Interest due on the Class A-1 Certificates using the Formula Pass-Through Rate for the Class A-1 Certificates applicable to such Payment Date over (y) the interest due on such Class calculated at the Fixed Rate Group Available Funds Cap Rate applicable to such Payment Date and (B) the excess, if any, of (x) the Class A-7 Current Interest due on the Class A-7 Certificates calculated using the Formula Pass-Through Rate for the Class A-7 Certificates applicable to such Payment Date over (y) the interest due on such Class calculated at the ARM Group Available Funds Cap Rate applicable to such Payment Date.