Strip Amount definition

Strip Amount. With respect to any Distribution Date on or after the Distribution Date in January 2004 to and including the Distribution Date in February 2006, the product of (a) one-twelfth of 0.0324% and (b) the Yield Maintenance Agreement Notional Amount for that Distribution Date, and after the Distribution Date in February 2006, zero.
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Strip Amount. The Subgroup 1 Strip Amount, the Subgroup 2 Strip Amount or the Subordinate Strip Amount, as applicable.
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Strip Amount means the Subgroup 2 Strip Amount or the Subordinate Strip Amount, as applicable.
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Examples of Strip Amount in a sentence

  • For federal income tax purposes, the holders of the Class X Certificates will be treated as the owners of the Certificateholders' Interest Carryover Account and the Trustee and the holders of the Class X Certificates shall treat amounts distributed by the Issuing REMIC to the Certificateholders' Interest Carryover Account as having been distributed with respect to the Class X Certificates and as reducing the Class X Strip Amount or the Class X Carryover Strip Amount, as applicable.

  • As described in the Pooling and Servicing Agreement, the Holders of the Class X Certficiates are entitled to recevie on each Distribution Date the applicable Class X Strip Amount.

  • Notwithstanding the foregoing, upon receipt of the Servicing Fee with respect to the Newport Mortgage Loan, the Servicer shall pay the Newport Excess Strip Amount for the related Interest Accrual Period to Allied Capital Corporation (or its successors and assigns) by wire transfer of immediately available funds.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 278,641.04 0.00 -3.8% Servicing Fee Payable from Servicing Strip Amount 1.41% 157,153.54 0.00 -3.8% Servicing Strip Amount distributed to Class XS Notes 1.09% 121,487.49 0.00 -3.8% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 300,099.14 0.00 -3.4% Servicing Fee Payable from Servicing Strip Amount 1.41% 169,255.92 0.00 -3.4% Servicing Strip Amount distributed to Class XS Notes 1.09% 130,843.23 0.00 -3.4% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 246,282.60 0.00 -3.6% Servicing Fee Payable from Servicing Strip Amount 1.40% 137,918.26 0.00 -3.6% Servicing Strip Amount distributed to Class XS Notes 1.10% 108,364.34 0.00 -3.6% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 431,470.48 0.00 -3.5% Servicing Fee Payable from Servicing Strip Amount 1.37% 236,445.82 0.00 -3.5% Servicing Strip Amount distributed to Class XS Notes 1.13% 195,024.65 0.00 -3.5% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 447,026.36 0.00 -3.3% Servicing Fee Payable from Servicing Strip Amount 1.37% 244,970.44 0.00 -3.3% Servicing Strip Amount distributed to Class XS Notes 1.13% 202,055.91 0.00 -3.3% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 373,357.52 0.00 -3.6% Servicing Fee Payable from Servicing Strip Amount 1.38% 206,093.35 0.00 -3.6% Servicing Strip Amount distributed to Class XS Notes 1.12% 167,264.17 0.00 -3.6% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes)2.50% 658,441.030.00-3.0% Servicing Fee Payable from Servicing Strip Amount1.37% 360,825.690.00-3.0% Servicing Strip Amount distributed to Class XS Notes1.13% 297,615.350.00-3.0% Unpaid Serv.


More Definitions of Strip Amount

Strip Amount. With respect to any Distribution Date on or prior to the Distribution Date in September 2003, the product of 0.051% per annum and the Scheduled Notional Amount indicated on Schedule II to the Yield Maintenance Agreement for that Distribution Date, and after the Distribution Date in September 2003, zero.
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Strip Amount means, in respect of any date, the SLV for the Calculation Period in which that date falls less the aggregate of the Value of all Termination Security calculated for that date and set out in the column headed "STRIP AMOUNT" in Part A of Schedule 2;
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Strip Amount shall have the meaning specified in Section 10.12(g).
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Related to Strip Amount

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Pool Distribution Amount As to any Distribution Date and Loan Group, the excess of (a) the sum of (i) the aggregate of (A) the interest portion of any Monthly Payment on a Mortgage Loan in such Loan Group (net of the Servicing Fee) and the principal portion of any Monthly Payment on a Mortgage Loan in such Loan Group due on the Due Date in the month in which such Distribution Date occurs and which is received prior to the related Determination Date (or in the case of any Monthly Covered Amount, the related Remittance Date) and (B) all Periodic Advances and payments of Compensating Interest made by the Servicer in respect of such Loan Group and Distribution Date deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(vii); (ii) all Liquidation Proceeds received on the Mortgage Loans in such Loan Group during the preceding calendar month and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(iii); (iii) all Principal Prepayments (other than Total Covered Amounts) received on the Mortgage Loans in such Loan Group during the month preceding the month of such Distribution Date and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(i) during such period and all Total Covered Amounts received and deposited in the Servicer Custodial Account by the related Remittance Date; (iv) in connection with Defective Mortgage Loans in such Loan Group or Converted Mortgage Loans, as applicable, the aggregate of the Repurchase Prices and Substitution Adjustment Amounts deposited on the related Remittance Date pursuant to Section 3.08(b)(vi); (v) any other amounts in the Servicer Custodial Account deposited therein pursuant to Sections 3.08(b)(iv), (v) and (ix) in respect of such Distribution Date and such Loan Group; (vi) any Reimbursement Amount required to be included pursuant to Section 5.02(a) and (vii) any Recovery with respect to such Distribution Date over (b) any (i) amounts permitted to be withdrawn from the Servicer Custodial Account pursuant to clauses (i) through (vii), inclusive, of Section 3.11(a) in respect of such Loan Group and (ii) amounts permitted to be withdrawn from the Certificate Account pursuant to clauses (i) and (ii) of Section 3.11(b) in respect of such Loan Group.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.