Interest Accrual Periods Sample Clauses

Interest Accrual Periods. We charge Interest Charges over the following periods:

Interest Accrual Periods. The Class PO Certificates are not entitled to distributions in respect of interest and, accordingly, will not accrue interest.

Interest Accrual Periods. If any payment of Interest to be made by Makers shall become due on a day other than a LIBOR Business Day, such payment shall be made on the next succeeding LIBOR Business Day. Makers shall pay Lender, in advance, on the date hereof, interest only on the outstanding principal balance of this Note, at the Effective Interest Rate for the First Interest Accrual Period, from the date hereof to and excluding April 1, 1997. Makers shall make payments of Interest to Lender monthly in arrears on each Payment Date, commencing on May 1, 1997, in an amount equal to Interest accrued during the Interest Accrual Period which expired on such Payment Date at the Effective Interest Rate in effect for such Interest Accrual Period. Lender shall furnish to Makers, two (2) days after each LIBOR Determination Date, a statement showing Interest to accrue during the Interest Accrual Period immediately succeeding the Interest Accrual Period in which such LIBOR Determination Date occurs, and the Effective Interest Rate in effect for such succeeding Interest Accrual Period and the payment of Interest to be due for such Interest Accrual Period (the "Lender's Statement"). Failure of Lender to timely furnish the Lender's Statement shall not waive Xxxxxx's right to subsequently furnish such statement. If the Lender's Statement shall be furnished to Makers after the expiration of the Interest Accrual Period to which it relates, then until the Lender's Statement is delivered for such Interest Accrual Period, Makers shall make the monthly payment of Interest based upon Interest as set forth in the Lender's Statement then in effect and Makers, shall, within five (5) days after the Lender's Statement is furnished to Makers, pay to Lender an amount equal to any underpayment theretofore paid by Makers for such Interest Accrual Period, and in the event of an overpayment by Makers, Lender shall permit Makers to credit against subsequent payments of Interest the amount of such overpayment. If any payment of Interest under this Note is not paid when due, at the option of Xxxxxx, the entire principal amount outstanding hereunder and all accrued and unpaid Interest thereon and all other sums due hereunder shall at once become due and payable. Lender may exercise this option to accelerate during any default by any of Makers regardless of any prior forbearance. In the event of any default by any of Makers in the payment of this Note or any other payment due under the Instrument or any other Loan Docum...

Interest Accrual Periods. On each Determination Date, the Cash Manager shall calculate the difference between (i) the amount available in the Maintenance Reserve Account as of the related Payment Date and (ii) the Required Maintenance Reserve Amount for such Payment Date (such difference, if positive, the “Additional Maintenance Reserve Amount” for such Payment Date). The Trustee shall apply, or cause to be applied, the amount of Available Collections to make a deposit into the Maintenance Reserve Account in the amount of the applicable Additional Maintenance Reserve Amount on each such Payment Date in accordance with Section 3.09 hereof. The Required Maintenance Reserve Amounts and Additional Maintenance Reserve Amounts based on any prior Maintenance Support Evaluation will be recalculated after each annual Maintenance Support Evaluation.

Interest Accrual Periods. The Interest Distribution Amount shall only consist of amounts in respect of interest received or advanced on the Mortgage Loans.

Interest Accrual Periods. Uncertificated Interest with respect to each Distribution Date, as to any REMIC I Regular Interest or REMIC II Regular Interest shall be reduced, in the case of any Distribution Date, by the amount of any Prepayment Interest Shortfalls (to the extent not covered by payments in respect of Compensating Interest by the Special Servicer or by the Master Servicer) and Relief Act Interest Shortfalls that were allocated to such REMIC I Regular Interest or REMIC II Regular Interest on such Distribution Date pursuant to Section 1.02.

Interest Accrual Periods. We charge Interest Charges over the following periods: (i) On each Cash Advance, we charge Interest Charges from the later of the Cash Advance transaction or the first day of the Billing Cycle in which it is posted to your Account until it is repaid in full. (ii) On each Purchase, we charge Interest Charges from the day the Purchase is posted to the Account through the Interest End Date.