Accrual Period. As to each Payment Date after the initial Payment Date, the period from and including the Payment Date in the month immediately preceding the month in which the Payment Date occurs and ending on and including the day immediately preceding the current Payment Date. As to the initial Payment Date, the period beginning on the Closing Date and ending on the day immediately preceding the initial Payment Date.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (HSBC Home Equity Loan Corp I), Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-1), Sale and Servicing Agreement (HSBC Home Equity Loan Corp I)
Accrual Period. As to each Payment Date after the initial Payment Date, the period from and including the Payment Date in the month immediately preceding the month in which the Payment Date occurs and ending on and including the day immediately preceding the current Payment Date. As to the initial Payment Date, the following two periods: (i) the period beginning on the Closing Date and ending on August 20, 2006, and (ii) the period beginning on August 21, 2006 and ending on the day immediately preceding the initial Payment Date.
Appears in 1 contract
Samples: Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-2)
