Common use of Determination of MTA Clause in Contracts

Determination of MTA. (a) On each related Interest Determination Date, so long as the MTA Certificates are outstanding, the Trustee shall determine MTA on the basis of the most recent MTA figure available as of such related Interest Determination Date.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oa10), Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oa10), Pooling and Servicing Agreement (Alternative Loan Trust 2007-Hy3)

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Determination of MTA. (a) On each related Interest Determination Date, so long as the MTA Certificates are outstanding, the Trustee shall determine MTA on the basis of the most recent MTA figure available as of such related Interest Determination Date, or in the case of the first Distribution Date [2.865]%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-45)

Determination of MTA. (a) On each related Interest Determination Date, so long as the MTA Certificates are outstanding, the Trustee shall determine MTA on the basis of the most recent MTA figure available as of such related Interest Determination Date, or in the case of the first Distribution Date 3.16%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-58)

Determination of MTA. (a) On each related Interest Determination Date, so long as the any Class of MTA Certificates are outstanding, the Trustee shall determine MTA on the basis of the most recent MTA figure available as of such related Interest Determination Date, or in the case of the first Distribution Date 2.504%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

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Determination of MTA. (a) On each related Interest Determination Date, so long as the MTA Certificates are outstanding, the Trustee shall determine MTA on the basis of the most recent MTA figure available as of such related Interest Determination Date, or in the case of the first Distribution Date 2.737%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

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