Interest Carryover Amount definition

Interest Carryover Amount. With respect to any Distribution Date and any Class of Certificates, the sum of (i) the excess, if any, of the Current Interest and any Interest Carryover Amount from the prior Distribution Date, over the amount of interest actually distributed on such Class on such prior Distribution Date and (ii) 30 days' interest on such excess at the applicable Pass-Through Rate.
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Examples of Interest Carryover Amount in a sentence

  • A five-year program to improve the rural living environment will be launched, and cultural and ethical standards in rural areas will be raised.We will ensure that rural migrant workers receive their pay on time and in full.

  • Any amount remaining in the HA Class Interest Carryover Account on a Distribution Date after payment of the HA Class Interest Carryover Amount for that date shall be paid to the HA Class.

  • Any obligation of the IP Class to pay the Interest Carryover Amount to the F Class shall be limited to amounts otherwise payable on such Distribution Date to the IP Class.

  • The beneficial owners of the AIO Class hereby agree to pay the beneficial owners of the A Class on each Distribution Date the A Class Interest Carryover Amount for such date after application of amounts available for such purpose in the Cap Contract Reserve Fund.

  • The beneficial owners of the HI Class hereby agree to pay the beneficial owners of the HA Class on each Distribution Date the HA Class Interest Carryover Amount for such date after application of amounts available for such purpose in the HA Class Interest Carryover Account.

  • Any amount received on the Cap Contract shall be deposited into the Cap Contract Reserve Fund and shall be withdrawn by Xxxxxx Xxx on each Distribution Date up to the amount then on deposit in the Cap Contract Reserve Fund for application to pay to the A Class any accrued A Class Interest Carryover Amount in respect of such Distribution Date.

  • In the event that the amount on deposit in the Certificate Account shall be less than the Trust Fund Distribution Amount for such Distribution Date, then Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency; provided, however, that Xxxxxx Mae’s guaranty hereunder shall not cover receipt by Holders of the Trust Fund Certificates of any Group 1 Sequential Class Interest Carryover Amount or AV-1 Class Interest Class Carryover Amount.

  • Any obligation of the HI Class to pay the aggregate HA Class Interest Carryover Amount to the HA Class shall be limited to amounts otherwise payable on such Distribution Date to the HI Class.

  • Noteholders' Interest Carryover Amount means, for any class of notes and any determination date, all or any portion of the Noteholders' Interest Distributable Amount for that class of notes for the immediately preceding distribution date, that remains unpaid as of the determination date, plus, to the extent permitted by law, interest on the unpaid amount at the interest rate paid by the class of notes from the preceding distribution date to but excluding the related distribution date.

  • In the event that the amount on deposit in the Certificate Account shall be less than the Certificate Distribution Amount for such Distribution Date, then Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency; provided, however, that Xxxxxx Mae shall not be responsible for the payment of any A Class Interest Carryover Amount or any amounts payable by the Cap Contract Counterparty pursuant to the Cap Contract.


More Definitions of Interest Carryover Amount

Interest Carryover Amount. With respect to each Class of Bonds and each Payment Date, the sum of (i) the product of (x) the outstanding principal balance of such Class and (y) one twelfth of the excess of (A) the Class Interest Rate for such Class over (B) the weighted average (by principal balance) of the Net Rates on the Loans, in each case with respect to such Payment Date, and (ii) any such product remaining outstanding with respect to prior Payment Dates, together with interest thereon at the applicable Class Interest Rate.
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Interest Carryover Amount. Any of the Class A-1A Interest Carryover Amount, the Class X-0X Xxxxxxxx Xxxxxxxxx Amount, the Class A-2A Interest Carryover Amount, the Class X-0X Xxxxxxxx Xxxxxxxxx Amount, the Class A-2C Interest Carryover Amount, the Class R Interest Carryover Amount, the Class M-1 Interest Carryover Amount, the Class M-2 Interest Carryover Amount, the Class M-3 Interest Carryover Amount, the Class B-1 Interest Carryover Amount, the Class B-2 Interest Carryover Amount or the Class B-3 Interest Carryover Amount, as the case may be.
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Interest Carryover Amount. With respect to the F Class, as described in the Prospectus Supplement.
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Interest Carryover Amount. ' means, with respect to any Distribution Date, the sum of
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Interest Carryover Amount. With respect to any Distribution Date and any Class of Certificates, the sum of (i) the excess, if any, of the Current Interest and any Interest Carryover Amount from the prior Distribution Date, over the amount of interest actually distributed on such Class on such prior Distribution Date and (ii) interest on such excess at the applicable Pass-Through Rate for the related Interest Accrual Period.
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Interest Carryover Amount means, with respect to any Payment Date, the amount of Class A Note Interest due and payable on the prior Payment Date but not paid, if any, together with interest thereon (to the extent permitted by law) at the related Class A Interest Rate.
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Related to Interest Carryover Amount

  • Net WAC Rate Carryover Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

  • Carryover Amount for any Holder means, with respect to any registered offering in which such Holder elected not to participate after receipt of a notice under Section 2.2(a), a number of Registrable Securities equal to the number of Registrable Securities then held by such Holder, multiplied by a fraction (expressed as a percentage), the numerator of which is equal to the number of Registrable Securities sold by the Holder that sold the most Registrable Securities in such offering and the denominator of which is the number of Registrable Securities held by such Holder immediately prior to such offering.

  • Class C Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class C Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class C Notes.

  • Class B Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class B Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class B Notes.

  • Class D Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class D Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class D Notes.

  • Class A Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class A Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class A Notes.

  • Interest Carry Forward Amount With respect to any Distribution Date and the Class A Certificates or the Mezzanine Certificates, the sum of (i) the amount, if any, by which (a) the Interest Distribution Amount for such Class of Certificates as of the immediately preceding Distribution Date exceeded (b) the actual amount distributed on such Class of Certificates in respect of interest on such immediately preceding Distribution Date, (ii) the amount of any Interest Carry Forward Amount for such Class of Certificates remaining unpaid from the previous Distribution Date and (iii) accrued interest on the sum of (i) and (ii) above calculated at the related Pass-Through Rate for the most recently ended Interest Accrual Period.

  • Class B Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period.

  • Noteholders’ Interest Carryover Shortfall means, with respect to any Distribution Date and a Class of Notes, the excess, if any, of the sum of the Noteholders’ Monthly Interest Distributable Amount for such Class for the preceding Distribution Date plus any outstanding Noteholders’ Interest Carryover Shortfall for such Class on such preceding Distribution Date, over the amount in respect of interest that is actually paid on the Notes of such Class on such preceding Distribution Date, plus, to the extent permitted by applicable law, interest on the Noteholders’ Interest Carryover Shortfall at the related Interest Rate for the related Interest Period (calculated on the same basis as interest on that Class of Notes for the same period).

  • Class C Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding Payment Date, to the extent permitted by law, at the Class C Interest Rate for the related Interest Period.

  • Class D Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class D Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on the preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period.

  • Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Principal Distribution Amount over the Monthly Principal Distributable Amount.

  • Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of the Noteholders’ Principal Distributable Amount for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on the Notes on such previous Distribution Date. Noteholders’ Principal Carryover Shortfall is not used to determine the amount of principal due on the Notes on any Distribution Date, but is used solely for reporting purposes.

  • Class A Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class A Noteholders’ Interest Distributable Amount for the preceding Payment Date, over the amount in respect of interest that was actually paid on the Class A Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to holders of the Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective interest rates borne by each Class of the Class A Notes for the related Interest Accrual Period.