Certificate Interest Accrual Period definition

Certificate Interest Accrual Period. With respect to the Certificates for any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.
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Certificate Interest Accrual Period. With respect to each Class of Certificates (other than the Class R Certificates) for any Distribution Date, a period from and including the 5th day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs to and including the 4th day of the calendar month in which such Distribution Date occurs.
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Certificate Interest Accrual Period. As to any Payment Date, the ----------------------------------- period from and including the preceding Payment Date (in the case of the first Payment Date, from and including (_____________)) to but excluding such current Payment Date.
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Examples of Certificate Interest Accrual Period in a sentence

  • During each Certificate Interest Accrual Period (as defined below), interest on the Class X Certificates will be calculated based on a 360-day year consisting of twelve 30-day months on the outstanding Notional Balance hereof.

  • During each Certificate Interest Accrual Period (as defined below), interest on the Class X-A Certificates will be calculated based on a 360-day year consisting of twelve 30-day months on the outstanding Notional Balance hereof.

  • During each Certificate Interest Accrual Period (as defined below), interest on the Class X-B Certificates will be calculated based on a 360-day year consisting of twelve 30-day months on the outstanding Notional Balance hereof.

  • During each Certificate Interest Accrual Period (as defined below), interest on the Class X-A Certificates will be calculated based on a 360-day year consisting of twelve 30-day months on the outstanding Notional Amount hereof.

  • Interest on the Class X-CP Certificates will be computed based upon the actual number of days in each Certificate Interest Accrual Period and a 360-day year.


More Definitions of Certificate Interest Accrual Period

Certificate Interest Accrual Period means, for any Distribution Date with respect to the Certificates, the period from and including the immediately preceding Distribution Date to but excluding such Distribution Date (or, in the case of the first Distribution Date, the period from and including the Closing Date to and excluding such Distribution Date).
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Related to Certificate Interest Accrual Period

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.