Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions of the Guaranty Fee and the Guarantor Reimbursement Amount to the Guarantor and the Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount to the Guaranteed Certificates, by which the (i) sum of (x) the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount payable on the Guaranteed Certificates for such Distribution Date and (y) the Net Prepayment Interest Shortfalls and the Relief Act Interest Shortfalls allocated to the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually paid (without giving effect to any Guarantor Payment) to the Holders of the related Classes of Guaranteed Certificates on such Distribution Date.
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions of the Monthly Interest Remittance Amount and the Insured Payment, if any, on such Distribution Date, by which the (i) sum of (x) the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount payable on the Guaranteed Certificates for such Distribution Date and (y) the Net Prepayment Interest Shortfalls and the Relief Act Interest Shortfalls allocated to the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually paid (without giving effect to any Guarantor Payment) to the Holders of the related Classes of Guaranteed Certificates on such Distribution Date.
Guaranteed Interest Distribution Amount. With respect to any Distribution Date, the amount, if any, by which Current Interest on the Class A1 Certificates for such Distribution Date exceeds the amount remaining on deposit in the Certificate Account after giving effect to distributions pursuant to Section 5.02(b)(i)-(iii) on such Distribution Date.
Examples of Guaranteed Interest Distribution Amount in a sentence
The Guaranteed Interest Distribution Amount does not include payments of Net WAC Cap Carryover.
More Definitions of Guaranteed Interest Distribution Amount
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, by which (i) the Current Interest payable on the Guaranteed Certificates for such Distribution Date, minus Compensating Interest paid on the Guaranteed Certificates for such Distribution Date, exceeds (ii) the amount of interest actually paid to the Holders of the Guaranteed Certificates on such Distribution Date (prior to giving effect to any Guarantor Payment on such Distribution Date).
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount on such Distribution Date, by which the (i) the Senior Interest Distribution Amount payable on the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually distributed (without giving effect to any Guarantor Payment) to the Holders of the related Classes of Guaranteed Certificates on such Distribution Date.
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, by which (i) the sum of (x) the Current Interest payable on the Guaranteed Certificates for such Distribution Date, minus the amount of Prepayment Interest Shortfalls that reduced the amount of Current Interest paid on the Guaranteed Certificates for such Distribution Date plus (y) Unpaid Compensating Interest and Relief Act Interest Shortfalls for such Distribution Date, exceeds (ii) the amount of interest actually paid to the holders of the Guaranteed Certificates on such Distribution Date (prior to giving effect to any Guarantor Payment on such Distribution Date and without giving effect to the payment of any related Net Rate Carryover).
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions of the Interest Remittance Amount on such Distribution Date, by which the (i) sum of (x) the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount payable on the Guaranteed Certificates for such Distribution Date and (y) the Net Prepayment Interest Shortfalls and the Relief Act Interest Shortfalls allocated to the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually paid (without giving effect to any Guarantor Payment) to the Holders of the related Classes of Guaranteed Certificates on such Distribution Date.
Guaranteed Interest Distribution Amount. With respect to any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group III-A Interest Remittance Amount and the Group III-B Interest Remittance Amount on such Distribution Date, by which the (i) the Senior Interest Distribution Amount payable on the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually distributed (without giving effect to any Guarantor Payment) to the Holders of the related Classes of Guaranteed Certificates on such Distribution Date.
Guaranteed Interest Distribution Amount means, with respect to each Distribution Date, accrued and unpaid interest for such Distribution Date due on the Insured Certificates calculated in accordance with the original terms of the Insured Certificates and the Pooling and Servicing Agreement after giving effect to amendments or modifications to which the Insurer has given its written consent; provided, however, that payments in respect of Guaranteed Interest Distribution Amounts will not include (i) Interest Shortfalls, (ii) Basis Risk Shortfalls or (iii) default interest.
Guaranteed Interest Distribution Amount. For any Distribution Date and the Guaranteed Certificates, the amount, if any, after giving effect to the distributions made pursuant to clauses (iii) and (iv) of Section 4.01(a) or Section 4.01(b), as applicable, by which the (i) sum of (x) the Accrued Certificate Interest and the Interest Carry Forward Amount payable on the Guaranteed Certificates for such Distribution Date and (y) the Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls allocated to the Guaranteed Certificates for such Distribution Date exceeds (ii) the amount of interest actually paid to the Holders of the Guaranteed Certificates on such Distribution Date.