Common use of No Accrued Clause in Contracts

No Accrued. Certificate Interest will be payable with respect to the Certificates after the Payment Date on which the Current Principal Amount of the Certificates has been reduced to zero.

Appears in 5 contracts

Samples: Grantor Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3), Grantor Trust Agreement (IMPAC CMB Trust SERIES 2004-6), Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2003 10)

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No Accrued. Certificate Interest will be payable with respect to the Certificates after the Payment Distribution Date on which the Current Principal Amount of the Certificates has been reduced to zero.

Appears in 2 contracts

Samples: Grantor Trust Agreement (GreenPoint MTA Trust 2005-Ar4), Grantor Trust Agreement (Structured Asset Mortgage Investments Inc)

No Accrued. Certificate Interest will be payable with respect to the Certificates after the Payment Date on which the Current Principal Amount or Current Notional Amount of the Certificates has been reduced to zero.

Appears in 2 contracts

Samples: Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2005-1), Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2004-9)

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No Accrued. Certificate Interest will be payable with respect to the any class of Certificates after the Payment Distribution Date on which the Current Principal outstanding principal balance or Notional Amount of the Certificates such Certificate has been reduced to zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Icifc Secured Assets Corp)

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