Class A-1 Interest Payment Amount definition

Class A-1 Interest Payment Amount means, with respect to any Payment Date, the sum of the Class A-1 Monthly Interest Payment Amount and the Class A-1 Interest Carryover Shortfall for such Payment Date.

Class A-1 Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) a fraction, the numerator of which is the actual number of days elapsed during the related Accrual Period (which, for the first Payment Date, is 40 days), (y) the Class A-1 Note Rate and (z) the Class A-1 Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A-1 Interest Payment Amount. For any Payment Date is an amount equal to the Current Interest for the Class A-1 Notes on such Payment Date, plus the Class A-1 Carry-Forward Amount as of such Payment Date.

Examples of Class A-1 Interest Payment Amount in a sentence

• The CLASS A-1 CARRY-FORWARD AMOUNT: for any Payment Date will be the sum of (a) the amount, if any, by which (x) the Class A-1 Interest Payment Amount as of the immediately preceding Payment Date exceeded (y) the amount of interest actually paid to the holders of the Class A-1 Notes on such immediately preceding Payment Date and (b) thirty days' interest on the amount described in clause (a), calculated at an interest rate equal to the Class A-1 Note Rate.

• For purposes of the Demand Note, Capitalized Interest Shortfall shall mean the positive difference, if any, of (i) the sum of the Class A-1 Interest Payment Amount and the Class A-2 Interest Payment Amount for such Payment Date minus (ii) the total Interest Collections received on the Mortgage Loans during the immediately preceding Collection Period.

• The Servicer shall include the Class A-1 Interest Payment Amount, Class A-2 Interest Payment Amount, Class A-3 Interest Payment Amount and Class B Interest Payment Amount in the Servicer's Certificate for each relevant Certificate Payment Date as provided in Section 3.01(a)(v) below.

• CLASS A-1 CARRY-FORWARD AMOUNT: - For any Payment Date the Class A-1 Carry-Forward Amount is the sum of (a) the amount, if any, by which (x) the Class A-1 Interest Payment Amount as of the immediately preceding Payment Date exceeded (y) the amount of interest actually paid to the holders of the Class A-1 Notes on such immediately preceding payment date and (b) thirty days' interest on the amount described in clause (a), calculated at an interest rate equal to the Class A-1 Note Rate.

• Upon receipt of such payments from the Swap Counterparty, the 1998-C Securitization Trustee shall pay the Class A-1 Interest Payment Amount, Class A-2 Interest Payment Amount and Class A-3 Interest Payment Amount, to the Class A-1 Certificateholders, Class A-2 Certificateholders and Class A-3 Certificateholders, respectively.

More Definitions of Class A-1 Interest Payment Amount

Class A-1 Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) a fraction, the numerator of which is the actual number of days elapsed during the related Accrual Period and the denominator of which is 360, (y) the Class A-1 Note Rate and (z) the Class A-1 Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A-1 Interest Payment Amount. With respect to any Payment Date, the product of (x) the Class A-1 Note Rate applicable to such Payment Date, (y) the Class A-1 Note Principal Balance immediately prior to such Payment Date and (z) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360.

Class A-1 Interest Payment Amount. With respect to any Payment Date, the product of (x) the Class A-1 Certificate Rate applicable to such Payment Date, (y) the Class A-1 Certificate Principal Balance immediately prior to such Payment Date and (z) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360.

Class A-1 Interest Payment Amount means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-1 Interest Rate times (ii) the actual number of days from and including the Closing Date to and excluding the initial Payment Date times (iii) the Outstanding Amount of the Class A-1 Notes as of the Closing Date; and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/360 of the Class A-1 Interest Rate times (y) the actual number of days from and including the immediately preceding Payment Date to and excluding such subsequent Payment Date times (z) the Outstanding Amount of the Class A-1 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-1 Notes on such immediately preceding Payment Date and (ii) the amount of Class A-1 Interest Payment Amount payable on the prior Payment Date but not paid, if any, together with interest thereon (to the extent permitted by law) at the Class A-1 Interest Rate.

Class A-1 Interest Payment Amount. With respect to the Class A-1 Notes for any Payment Date, an amount equal to (a) the related Class A-1 Current Interest, less (b) the Class A-1 Mortgage Loan Interest Shortfall Amount, plus (c) the Class A-1 Carry-Forward Amount, minus (d) any amounts paid by the Note Insurer in respect of such Class A-1 Carry-Forward Amount, in each case, as of such Payment Date.

Class A-1 Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) 1/12 (or, with respect to the initial Payment Date, 15/360), (y) the Class A-1 Note Rate and (z) the Class A-1 Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A-1 Interest Payment Amount. With respect to any Payment Date, an amount equal to the lessor of (i) interest accrued on the Class A-1 Bond Principal Balance immediately prior to such Payment Date at the Class A-1 Bond Interest Rate for the related Interest Period, and (ii) the Class A-1 Guaranteed Interest Payment Amount.