ACCRUED BOND INTEREST. With respect to any Payment Date and each Class of Bonds, interest accrued during the related Accrual Period at the then-applicable Bond Interest Rate on the related Bond Principal Balance thereof immediately prior to such Payment Date, less such Bonds' Unpaid Interest Shortfall for such Payment Date, plus any Accrued Bond Interest remaining unpaid from any prior Payment Date with interest thereon at the related Bond Interest Rate. Accrued Bond Interest for each Class of Bonds shall be calculated on the basis of the actual number of days in the Accrual Period and a 360-day year.
ACCRUED BOND INTEREST. With respect to any Payment Date and each Class of Bonds, interest accrued during the related Accrual Period at the then-applicable Bond Interest Rate on the related Bond Principal Balance thereof immediately prior to such Payment Date, less such Bonds' Unpaid Interest Shortfall for such Payment Date, plus any Accrued Bond Interest remaining unpaid from any prior Payment Date with interest thereon at the related Bond Interest Rate. Accrued Bond Interest for the Bonds, other than the Class 2-A Bonds, shall be calculated on the basis of the actual number of days in the Accrual Period and a 360-day year. Accrued Bond Interest for the Class 2-A Bonds shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
ACCRUED BOND INTEREST means interest accrued and payable on the Bonds from time to time in accordance with the terms of the Indenture.
More Definitions of ACCRUED BOND INTEREST
ACCRUED BOND INTEREST. With respect to any Bond of a Series, other than a Principal Only Bond, on any Interest Payment Date an amount equal to the interest accrued on the Imputed Principal Balance or Notional Amount, as applicable, thereof prior to such Interest Payment Date during the related Interest Accrual Period at the applicable Bond Interest Rate, less such Bond's share of any Net Interest Shortfalls and the interest portion of any Excess Losses and Realized Losses incurred on the mortgage loans underlying the Conventional Certificates securing such Series in the calendar month preceding the month in which such Interest Payment Date occurs and which are then allocable to the Class of such Bonds, in accordance with the provisions of the related Series Supplement. Interest accrued on a Bond for the purposes of this definition shall be calculated on the basis of a 360-day year consisting of twelve months of thirty days each.
ACCRUED BOND INTEREST. In respect of any Class of Bonds (other than the Class S, Class H and Class X Bonds) and any Payment Date, the amount of interest accrued in the applicable Interest Accrual Period at the applicable Bond Interest Rate on the aggregate Bond Principal Amount of such Class of Bonds Outstanding immediately prior to the related Payment Date, calculated on (i) the basis of the actual number of days elapsed in the applicable Interest Accrual Period and a 360-day year with respect to the Class A-1, Class A-2, Class A-3, Class B, Class C, Class D and Class E Bonds, and (ii) a 360-day year consisting of twelve 30-day months with respect to the Class F and Class G Bonds.
ACCRUED BOND INTEREST. With respect to each Payment Date and each Class of Bonds, interest accrued during the related Accrual Period at the related Bond Interest Rate on the related Bond Principal Balance or Notional Amount thereof immediately prior to such Payment Date, less such Bonds' Unpaid Interest Shortfall for such Payment Date, plus any Accrued Bond Interest remaining unpaid from any prior Payment Date with interest thereon at the related Bond Interest Rate. Accrued Bond Interest for each Class of Bonds shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
ACCRUED BOND INTEREST. With respect to any Payment Date and each Class of Bonds (except the Class 1-A-IO Bonds), interest accrued during the related Accrual Period at the then-applicable Bond Interest Rate on the related Bond Principal Balance thereof immediately prior to such Payment Date, less such Bonds’ Unpaid Interest Shortfall for such Payment Date, plus any Accrued Bond Interest remaining unpaid from any prior Payment Date with interest thereon at the related Bond Interest Rate. With respect to any Payment Date and the Class 1-A-IO Bonds, interest accrued during the related Accrual Period at the then-applicable Bond Interest Rate on the related Notional Amount thereof immediately prior to such Payment Date. Accrued Bond Interest for each Class of Bonds (other than the Class 1-A-IO Bonds) shall be calculated on the basis of the actual number of days in the Accrual Period and a 360-day year. Accrued Bond Interest for the Class 1-A-IO Bonds shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
ACCRUED BOND INTEREST. With respect to each Payment Date, as to each Class of Bonds, interest accrued during the related Accrual Period at the related Bond Interest Rate on the Bond Principal Balance thereof immediately prior to such Payment Date. Accrued Bond Interest for the Bonds shall be calculated on the basis of the actual number of days in the Accrual Period and a 360-day year.
ACCRUED BOND INTEREST. With respect to each Payment Date, as to each Class of Bonds, one month's interest accrued at the related Bond Interest Rate on the Bond Principal Balance thereof immediately prior to such Payment Date. Accrued Bond Interest for the Bonds shall be calculated for the preceding calendar month on the basis of a 30-day month and 360-day year.
ACCRUED BOND INTEREST. With respect to any Payment Date and each Class of Bonds, interest accrued during the related Accrual Period on the related Bond Principal Balance or Notional Amount thereof at the related Bond Interest Rate on the related Bond Principal Balance or Notional Amount thereof immediately prior to such Payment Date, less such Bonds' Unpaid Interest Shortfall for such Payment Date, plus any Accrued Bond Interest remaining unpaid from any prior Payment Date with interest thereon at the related Bond Interest Rate. Accrued Bond Interest for the Group 1 Bonds and Group 2 Bonds shall be calculated on the basis of the actual number of days in the Accrual Period and a 360-day year. Accrued Bond Interest for the Group 3 Bonds shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.