Class Controlled Amortization Amount definition

Class Controlled Amortization Amount means with respect to any Payment Date during the Series 2022-4 Controlled Amortization Period, for each Class, one-sixth of the Class Initial Principal Amount of such Class.
View Source
Class Controlled Amortization Amount if applicable, with respect to such Class or any Distribution Date with respect to the Controlled Amortization Period (and for Class C, with respect to the Controlled Accumulation Period), shall mean the sum of (i) the amount set forth in the Series Term Sheet with respect to each Class of the Series established hereby (reduced for each such Distribution Date pro-rata by the aggregate amount paid to such Class pursuant to Section 9(a)(12)) and (ii) any existing Class Controlled Amortization Amount Shortfalls for such Class; provided, however, that the Class Controlled Amortization Amount shall not be less than zero and shall not exceed an amount equal to, with respect to each Class, the Class Invested Amount for such Class.
View Source
Class Controlled Amortization Amount means with respect to any Payment Date during the Series 2022-3 Controlled Amortization Period, for each Class, one-sixth of the Class Initial Principal Amount of such Class.
View Source

Examples of Class Controlled Amortization Amount in a sentence

  • The Class Controlled Accumulation Amount or Class Controlled Amortization Amount, as applicable, for each Class of such Series shall be increased proportionally to reflect the additional amount of Class A, Class B and Class C Certificates for such Series represented by the Additional Certificates.

  • An amount equal to all remaining amounts on deposit in the Collections Account, after all other withdrawals from such Account for any payment of any Class Controlled Amortization Amount or any Class Controlled Accumulation Amount for any Class of any Series in its Controlled Accumulation Period or Controlled Amortization Period, as applicable, shall be withdrawn from the Collections Account and paid to the Seller.

  • All remaining amounts on deposit in the Collections Account relating to the prior Due Period, after all other withdrawals from such Account for any payment of any Class Controlled Amortization Amount or any Class Controlled Accumulation Amount for any Class of any Series in its Controlled Accumulation Period or Controlled Amortization Period, as applicable.


More Definitions of Class Controlled Amortization Amount

Class Controlled Amortization Amount means the Class A Controlled Amortization Amount, the Class B Controlled Amortization Amount or the Class C Controlled Amortization Amount, as applicable.
View Source
Class Controlled Amortization Amount if applicable, with respect to such Class or any Distribution Date with respect to the Controlled Amortization Period, shall mean the sum of (i) amount set forth in the Series Term Sheet with respect to each Class of the Series established hereby (reduced for each such Distribution Date pro-rata by the aggregate amount paid to such Class pursuant to Section
View Source

Related to Class Controlled Amortization Amount

  • Unscheduled Principal Distribution Amount With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.