ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest LTII-ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest LTII-ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) Uncertificated Accrued Interest on REMIC II Regular Interest LTII-A1, REMIC II Regular Interest LTII-A2, REMIC II Regular Interest LTII-A3, REMIC II Regular Interest LTII-A4, REMIC II Regular Interest LTII-A5, REMIC II Regular Interest LTII-A6, REMIC II Regular Interest LTII-M1, REMIC II Regular Interest LTII-M2 and REMIC II Regular Interest LTII-M3 for such Distribution Date, with the rate on each such REMIC II Regular Interest subject to a cap equal to the related Pass-Through Rate.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the excess of (i) Uncertificated Accrued Interest calculated with the REMIC I Regular Interest ZZ Uncertificated Pass-Through Rate and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC I Regular Interest ZZ over (y) the REMIC I Overcollateralized Amount, in each case for such Distribution Date, over (ii) the sum of Uncertificated Accrued Interest on REMIC I Regular Interest A-1 through REMIC I Regular Interest M-4, with the rate on each such REMIC I Regular Interest subject to a cap equal to the Pass-Through Rate for the corresponding Class for the purpose of this calculation. REMIC II: The segregated pool of assets described in the Preliminary Statement.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the excess of (i) REMIC 2 Uncertificated Accrued Interest calculated with the Uncertificated Pass-Through Rate for REMIC 2 Regular Interest MT-ZZ and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC 2 Regular Interest MT-ZZ over (y) the REMIC 2 Overcollateralization Amount, in each case for such Distribution Date, over (ii) the sum of REMIC 2 Uncertificated Accrued Interest on REMIC 2 Regular Interests MT-A0, XX-X0, XX-X0, MT-A4, MT-A5, MT-M1, MT-M2 and MT-B, with the rate on REMIC 2 Regular Interest MT-A2 subject to a cap equal to the lesser of (a) with respect to any Interest Accrual Period, 5.426% per annum and (b) the REMIC 2 Net WAC Rate for the purpose of this calculation, with the rate on REMIC 2 Regular Interest MT-A3 subject to a cap equal to the lesser of (a) with respect to any Interest Accrual Period, 6.2825% per annum and (b) the REMIC 2 Net WAC Rate for the purpose of this calculation, with the rate on REMIC 2 Regular Interest MT- A4 subject to a cap equal to the lesser of (a) with respect to any Interest Accrual Period, 4.486% per annum and (b) the REMIC 2 Net WAC Rate for the purpose of this calculation, with the rate on REMIC 2 Regular Interest MT-A5 subject to a cap equal to the lesser of (a) with respect to any Interest Accrual Period, 4.064% per annum, and (b) the REMIC 2 Net WAC Rate for the purpose of this calculation, and with the rates on REMIC 2 Regular Interests MT-A0, XX-X0, XX-X0 and MT-B subject to a cap equal to the lesser of (a) LIBOR plus the Certificate Margin relating to the Corresponding Certificate and (b) the REMIC 2 Net WAC Rate for the purpose of this calculation for such Distribution Date. REMIC 2 Regular Interests: REMIC 2 Regular Interest MT-AA, REMIC 2 Regular Interest MT-A1, REMIC 2 Regular Interest MT-A2, REMIC 2 Regular Interest MT-A3, REMIC 2 Regular Interest MT-A4, REMIC 2 Regular Interest MT-A5, REMIC 2 Regular Interest MT-M1, REMIC 2 Regular Interest MT-M2, REMIC 2 Regular Interest MT-B, REMIC 2 Regular Interest MT-ZZ, REMIC 2 Regular Interest MT-IO, REMIC 2 Regular Interest MT-P and REMIC 2 Regular Interest MT-R.
More Definitions of ZZ MAXIMUM INTEREST DEFERRAL AMOUNT
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the sum of (a) the excess of (i) Uncertificated Accrued Interest calculated with the REMIC I Regular Interest LT1-AI-ZZ Uncertificated Pass-Through Rate and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC I Regular Interest LT1-AI-ZZ over (y) the REMIC I Overcollateralized Amount, in each case for such Distribution Date, over (ii) the sum of Uncertificated Accrued Interest on REMIC I Regular Interest LT1-AI-1 through REMIC I Regular Interest LT1-AI-6, with the rate on each such REMIC I Regular Interest subject to a cap equal to the Pass-Through Rate on the Corresponding Class for the purpose of this calculation and (b) the REMIC II Diverted Excess Spread.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the excess of (i) REMIC 3 Uncertificated Accrued Interest calculated with the Uncertificated Pass-Through Rate for REMIC 3 Regular Interest MTII-ZZ and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC 3 Regular Interest MTII-ZZ over (y) the REMIC 3 Overcollateralization Amount, in each case for such Distribution Date, over (ii) the sum of REMIC 3 Uncertificated Accrued Interest on REMIC 3 Regular Interests XXXX-X-0X, XXXX-X-0X0, XXXX-X-0X0, XXXX-X-0X, XXXX-X-0X, MTII-M-1, MTII-M-2, MTII-M-3, MTII-M-4, MTII-M-5, MTII-M-6, MTII-M-7, MTII-M-8, MTII-M-9 and MTII-B-1, with the rates on the REMIC 3 Regular Interests XXXX-X-0X, XXXX-X-0X0, XXXX-X-0X0, XXXX-X-0X, XXXX-X-0X, MTII-M-1, MTII-M-2, MTII-M-3, MTII-M-4, MTII-M-5, MTII-M-6, MTII-M-7, MTII-M-8, MTII-M-9 and MTII-B-1 subject to a cap, for the purpose of this calculation, equal to the Pass-Through Rate for the Corresponding Certificate and with the rate on the REMIC 3 Regular Interest MTII-ZZ subject to a cap, for the purpose of this calculation, equal to zero. REMIC 3 Regular Interests: REMIC 3 Regular Interest MTII-AA, REMIC 3 Regular Interest MTII-A-1A, REMIC 3 Regular Interest MTII-A-1F1, REMIC 3 Regular Interest MTII-A-1F2, REMIC 3 Regular Interest MTII-A-2A, REMIC 3 Regular Interest MTII-A-2F, REMIC 3 Regular Interest MTII-M-1, REMIC 3 Regular Interest MTII-M-2, REMIC 3 Regular Interest MTII-M-3, REMIC 3 Regular Interest MTII-M-4, REMIC 3 Regular Interest MTII-M-5, REMIC 3 Regular Interest MTII-M-6, REMIC 3 Regular Interest MTII-M-7, REMIC 3 Regular Interest MTII-M-8, REMIC 3 Regular Interest MTII-M-9, REMIC 3 Regular Interest MTII-B-1, REMIC 3 Regular Interest MTII-S, REMIC 3 Regular Interest MTII-ZZ, REMIC 3 Regular Interest MTII-P, REMIC 3 Regular Interest MTII-IO and REMIC 3 Regular Interest MTII-R.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the sum of (a) the excess of (i) Uncertificated Accrued Interest calculated with the Uncertificated Pass-Through Rate for REMIC I Regular Interest LT-ZZ and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC I Regular Interest LT-ZZ over (y) the REMIC I Overcollateralized Amount, in each case for such Distribution Date, over (ii) Uncertificated Accrued Interest on REMIC I Regular Interests LT-1A1, LT-1A2, LT-2A1, LT-2A2, LT-2A3, LT-M1, LT-M2, LT-M3, LT-M4, LT-M5, LT-M6, LT-M7, and LT-B, with the rate on each such REMIC I Regular Interest subject to a cap equal to the Pass-Through Rate on the Corresponding Certificate for the purpose of this calculation.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the sum of (a) the excess of (i) Uncertificated Accrued Interest calculated with the REMIC III Regular Interest II-ZZ Uncertificated Pass-Through Rate and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC III Regular Interest II-ZZ over (y) the REMIC III Group II Overcollateralized Amount, in each case for such Distribution Date, over (ii) the sum of Uncertificated Accrued Interest on REMIC III Regular Interests A-II-A, REMIC III Regular Interest A-II-B and REMIC III Regular Interest M-II-1 through REMIC III Regular Interest M-II-5, with the rate on each such REMIC III Group II Regular Interest subject to a cap equal to the Pass-Through Rate for the Corresponding Class for the purpose of this calculation and (b) the REMIC III Group I Diverted Excess Spread.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the excess of (i) REMIC 3 Uncertificated Accrued Interest calculated with the Uncertificated Pass-Through Rate for REMIC 3 Regular Interest MTII-ZZ and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC 3 Regular Interest MTII-ZZ over (y) the REMIC 3 Overcollateralization Amount, in each case for such Distribution Date, over (ii) the sum of REMIC 3 Uncertificated Accrued Interest on REMIC 3 Regular Interests MXXX-0X-0, XXXX-0X-0, XXXX-0X-0, XXXX-0X-0, XXXX-X-0, MTII-M-2, MTII-M-3, MTII-M-4, MTII-M-5, MTII-M-6, MTII-M-7, MTII-M-8 and MTII-M-9, with the rate on each such REMIC 3 Regular Interest subject to a cap, for the purpose of this calculation, equal to the Pass-Through Rate for the Corresponding Certificate; provided, however, that for this purpose, the calculation of the Uncertificated REMIC 3 Pass-Through Rate and the related cap with respect to each such REMIC 3 Regular Interest shall be multiplied by a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is thirty (30). REMIC 3 Regular Interests: REMIC 3 Regular Interest MTII-AA, REMIC 3 Regular Interest MTII-1A-1, REMIC 3 Regular Interest MTII-2A-1, REMIC 3 Regular Interest MTII-2A-2, REMIC 3 Regular Interest MTII-2A-3, REMIC 3 Regular Interest MTII-M-1, REMIC 3 Regular Interest MTII-M-2, REMIC 3 Regular Interest MTII-M-3, REMIC 3 Regular Interest MTII-M-4, REMIC 3 Regular Interest MTII-M-5, REMIC 3 Regular Interest MTII-M-6, REMIC 3 Regular Interest MTII-M-7, REMIC 3 Regular Interest MTII-M-8, REMIC 3 Regular Interest MTII-M-9, REMIC 3 Regular Interest MTII-S, REMIC 3 Regular Interest MTII-ZZ, REMIC 3 Regular Interest MTII-P, REMIC 3 Regular Interest MTII-IO, REMIC 3 Regular Interest MTII-R, REMIC 3 Regular Interest MTII-1SUB, REMIC 3 Regular Interest MTII-1GRP, REMIC 3 Regular Interest MTII-2SUB, REMIC 3 Regular Interest MTII-2GRP and REMIC 3 Regular Interest MTII-XX.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the sum of (a) the excess of (i) Uncertificated Accrued Interest calculated with the REMIC II Regular Interest MT-ZZ Uncertificated Pass-Through Rate and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC II Regular Interest MT-ZZ over (y) the REMIC II Overcollateralized Amount, in each case for such Distribution Date, over (ii) Uncertificated Accrued Interest on REMIC II Regular Interest MT-A-1, with the rate on each such REMIC II Regular Interest subject to a cap equal to the Pass-Through Rate on the Corresponding Class for the purpose of this calculation.
ZZ MAXIMUM INTEREST DEFERRAL AMOUNT. With respect to any Distribution Date, the sum of (A) the excess of (i) Uncertificated Accrued Interest calculated with the REMIC III Regular Interest MT-A-II-ZZ Uncertificated Pass-Through Rate and an Uncertificated Principal Balance equal to the excess of (x) the Uncertificated Principal Balance of REMIC III Regular Interest MT-A-II-ZZ over (y) the REMIC III Group II Overcollateralized Amount, in each case for such Distribution Date, over (ii) Uncertificated Accrued Interest on REMIC