Uncollected Interest. With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.
Uncollected Interest. With respect to any Distribution Date for any Loan on which a Payoff was made by a Mortgagor during the related Prepayment Period, an amount equal to one month's interest at the applicable Pass-Through Rate on such Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.
Uncollected Interest. With respect to any Distribution Date, the sum of (i) the aggregate Prepayment Interest Shortfalls with respect to the Loans for such Distribution Date and (ii) the aggregate Curtailment Shortfalls with respect to the Loans for such Distribution Date.
Examples of Uncollected Interest in a sentence
Closing Balance of Gross & Net NPA is net of the interest Not Collected (INCA) and Uncollected Interest Previous Year (UIPY).
Item 126 Uncollected Interest (Approved Forbearance Agreements Only).
More Definitions of Uncollected Interest
Uncollected Interest. With respect to any Distribution Date (a) for any WMB Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such WMB Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff and (b) for any Countrywide Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Countrywide Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.
Uncollected Interest. With respect to any Distribution Date for any WMB Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such WMB Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff and (b) for any GreenPoint Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, an amount equal to one month’s interest at the applicable Pass-Through Rate on such GreenPoint Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.
Uncollected Interest means interest that is accrued on a credit facility, and is held in a suspense account.
Uncollected Interest. With respect to each Series and any Distribution Date for any PNC Mortgage Loan or PHH Mortgage Loan in respect of which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month's interest at the applicable Net Mortgage Rate for such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff. With respect to each Series and any Distribution Date for any IndyMac Mortgage Loan in respect of which a Payoff was made by a Mortgagor during the related Prior Period, an amount equal to one month's interest at the applicable Net Mortgage Rate
Uncollected Interest. With respect to any Distribution Date the sum of (i) the aggregate Prepayment Interest Shortfall for such Distribution Date and (ii) the aggregate Curtailment Shortfall for such Distribution Date.
Uncollected Interest. With respect to any Pooled Security on any Pooled Security Distribution Date, the aggregate amount of Prepayment Interest Shortfalls on the related Underlying Mortgage Loans allocated to such Pooled Security.
Uncollected Interest. For any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor: