Accrual Classes definition

Accrual Classes. As specified in the Prospectus Supplement.
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Accrual Classes. As specified in the Prospectus Supplement. Accrual Lower Tier Interest: Lower Tier Interest 13.
Sample 1

Examples of Accrual Classes in a sentence

  • However, no interest will be distributed to the Accrual Classes as interest.

  • Except as provided below in the case of the Accrual Classes, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date.

  • The Notional and Accrual Classes of Regular Securities will be issued with original issue discount (“OID”), and certain other Classes of Regular Securities may be issued with OID.

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of the Lower Tier Accrual Classes.

  • On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Classes, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.

  • Unless otherwise provided in the related Terms Supplement, principal payments on REMIC Certificates shall be made on each Payment Date in an aggregate amount equal to the sum of (i) the amount of interest, if any, accrued on any related Accrual Classes or Partial Accrual Classes in respect of the related Accrual Period and not then payable as interest; and (ii) an amount equal to the applicable Asset Principal Amount for such Payment Date.

  • Accrual Classes: Interest will accrue on each Accrual Class identified on the front cover of this Supplement at the per annum rate set forth on that page.

  • As soon as practicable following the eleventh calendar day of each month, Xxxxxx Mae will make available the Class Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount during the current calendar month and any addition to the Class Balances of the Accrual Classes.

  • Interest accrued with respect to the Accrual Classes during any Interest Accrual Period shall not be distributed thereon as interest but instead shall be added to the Class Balances thereof on the related Distribution Date.

  • If the consumption of any of the foregoing is measured by meters, then the Pre-Sale Company shall use commercially reasonable efforts to arrange to obtain a reading of each such meter prior to Closing and the Pre-Sale Company shall pay all charges thereunder through the date of any meter readings obtained prior to Closing.

Related to Accrual Classes

  • Accrual Amount With respect to any Class of Accrual Certificates and any Distribution Date prior to the Accrual Termination Date, the amount allocable to interest on such Class of Accrual Certificates with respect to such Distribution Date pursuant to Section 4.02(a)(ii).

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Class X Notional Amount As of any date of determination, the sum of the then Component Notional Amounts of all the Components.

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Scheduled Classes As specified in the Preliminary Statement.