Monthly Excess Cashflow definition

Monthly Excess Cashflow. For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (i) the Pool 1 Monthly Excess Interest and the Pool 2 Monthly Excess Interest for such date, (ii) the Aggregate Overcollateralization Release Amount for such date and (iii) any remaining Principal Distribution Amount from either Mortgage Pool after making the distributions in Section 5.02(d) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (1) the Pool 1 Monthly Excess Interest, the Pool 2 Monthly Excess Interest and the Pool 3 Monthly Excess Interest for such date and (2) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Examples of Monthly Excess Cashflow in a sentence

• On any Distribution Date, any Relief Act Interest Shortfalls and any Prepayment Interest Shortfalls to the extent not covered by Compensating Interest paid by the Servicer will first reduce Net Monthly Excess Cashflow and then reduce the Monthly Interest Distributable Amounts with respect to the LIBOR Certificates on a pro rata basis based on the respective amounts of interest accrued on such certificates for such Distribution Date.

• Any Interest Remittance Amounts remaining undistributed following these distributions will be used in determining the amount of Net Monthly Excess Cashflow, if any, for such Distribution Date.

• The Pooling Agreement requires that on each Distribution Date, the Net Monthly Excess Cashflow, if any, be applied on such Distribution Date as an accelerated payment of principal on the class or classes of LIBOR Certificates then entitled to receive distributions in respect of principal, but only to the extent necessary to maintain the required level of overcollateralization.

• Any principal remaining undistributed following these distributions will be used in determining the amount of Net Monthly Excess Cashflow, if any, for such Distribution Date.

• On any Distribution Date, Pool 1 Net Interest Shortfalls shall first reduce the Pool 1 Net Monthly Excess Cashflow and then will be allocated among the Pool 1 Senior, Pool 1 Mezzanine and Pool 1 Subordinate Certificates in reduction of their respective Pool 1 Interest Distribution Amounts, pro rata, based on the respective Pool 1 Interest Distribution Amounts for such Distribution Date without giving effect to Pool 1 Net Interest Shortfalls.

More Definitions of Monthly Excess Cashflow

Monthly Excess Cashflow. With respect to any Distribution Date, the sum, without duplication, of (w) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 4.1(b)(vii), (x) that portion, if any, of the Principal Remittance Amount for such date available for distribution pursuant to Section 4.1(c)(i)(E) or 4.1(c)(ii)(E), (y) the Aggregate Overcollateralization Release Amount for such date and (z) Excess Proceeds for such date.

Monthly Excess Cashflow. With respect to any Payment Date, the sum, of (i) the Monthly Excess Interest for such date, (ii) the Overcollateralization Release Amount for such date and (iii) any remaining Principal Payment Amount after application pursuant to Section 4.1(c) for such date.

Monthly Excess Cashflow. With respect to any Distribution Date, the excess, if any, of (i) the Available Distribution Amount for such Distribution Date over (ii) the sum of (A) the amount of interest distributions on all Classes of Offered Certificates pursuant to clauses (i) through (iii) of Section 4.01(a) and (B) the Principal Collections for the related Collection Period.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) that portion, if any, of the Interest Remittance Amount for such date available for distribution pursuant to Section 5.02(b)(viii) of this Agreement and (y) the Aggregate Overcollateralization Release Amount for such date. Moody’s: Xxxxx’x Investors Service, Inc., or any successor in interest.

Monthly Excess Cashflow. With respect to any Distribution Date, the sum of (x) the Monthly Excess Interest for such Distribution Date, (y) the Aggregate Overcollateralization Release Amount for such Distribution Date and (z) the Monthly Excess Principal for such Distribution Date.

Monthly Excess Cashflow. For any Payment Date, an amount equal to the portion of the Remittance Amount, if any, remaining after the payments of interest and principal under Sections 3.05(b) (c) and (d) of the Indenture.

Monthly Excess Cashflow. As to any Payment Date, the excess, if any, of (i) Net Interest Collections received during the related Collection Period over (ii) the sum of (x) the Current Interest plus the Interest Carry Forward Amount, if any, for each Class of Notes for such Payment Date (after taking into account all payments of interest on such Payment Date), (y) the Additional Principal Reduction Amount for such Payment Date and (z) the Principal Carry Forward Amount for each Class of Notes for such Payment Date, if any.