Common use of Calculations Respecting Accrued Interest Clause in Contracts

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Certificates (other than the Class A-IO Certificates) shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 3 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (NYMT Securities CORP)

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Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class A1 Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A-IO Certificates) A1 Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 2 contracts

Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-16xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, interest on the any Class of Certificates (other than the Class A-IO Certificates) , shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, interest on the Class A-IO Certificates shall be calculated based upon on the basis of a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mor Pas THR Cer Sr 2001-Bc4)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Certificates any Offered Certificate (other than the Class A-IO A1 Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on any Class A1 Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-17xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class 1-A1A and Class 1-A1B Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A1-IO Certificates) A1A and Class 1-A1B Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-11xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class 1-A1A Certificates and the Class 2-A1 Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A1-IO Certificates) A1A Certificate or Class 2-A1 Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mort Pas THR Cert Se 04 4xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Certificates any Offered Certificate (other than the Class A2-IO A1 Certificates) shall be calculated based upon a 360-day year and the actual number of days elapsed in each Accrual Period. Accrued interest, if any, on the Class A2-IO A1 Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Lehman Xs Trust Series 2006-2n)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Certificates (any Certificate, other than the Class A-A1 and the Class IO Certificates) , shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the any Class A-A1 or Class IO Certificates Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cer Se 1999-Bc2)

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Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class 1-A1A Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A1-IO Certificates) A1A Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-9xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Certificates (any Offered Certificate, other than the Class A-IO Certificates) , shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, interest on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of and twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Adjustable Rate Mortgage)

Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class A1A Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A-IO Certificates) A1A Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2004 6xs)

Calculations Respecting Accrued Interest. Accrued interest, if any, on any Offered Certificate (other than the Class 1-A1B Certificates) shall be calculated based upon a 360-day year consisting of twelve 30-day months. Accrued interest, if any, on the Certificates (other than the any Class A1-IO Certificates) A1B Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period. Accrued interest, if any, on the Class A-IO Certificates shall be calculated based upon a 360-day year consisting of twelve 30-day months, i.e. 30 days’ of interest shall accrue with respect to such Class for each Distribution Date after the initial Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Lehman Abs Corp Mortgage Pass-Through Certs Series 2004-1)

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