Common use of Calculations Respecting Accrued Interest Clause in Contracts

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Notes shall be calculated based upon a 360-day year and the actual number of days in each Interest Accrual Period.

Appears in 9 contracts

Samples: Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1), Sale and Servicing Agreement (Thornburg Mortgage Securities Corp), Sale and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He4)

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Calculations Respecting Accrued Interest. Accrued interest, if any, on the Notes shall be calculated based upon a 360-360 day year and the actual number of days in each Interest Accrual Period.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Lehman Abs Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp)

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