Common use of Deferred Interest Clause in Contracts

Deferred Interest. As to any Distribution Date and with respect to Pooled Securities that are backed directly or indirectly by adjustable-rate mortgage loans that permit negative amortization, the amount, if any, by which the aggregate principal balance of the Pooled Securities is increased during the related Deposit Period as a result of the addition of interest to the principal balances of the underlying negatively amortizing adjustable-rate mortgage loans.

Appears in 8 contracts

Samples: Single Family Mega/Supers Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement, Single Family Mega Master Trust Agreement

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