Class A-2 Note Interest means, for any Payment Date, the sum of the Class A-2 Interest Payment Amount for such Payment Date and the Class A-2 Interest Carryover Shortfall, if any, as of the immediately preceding Payment Date.
Class A-2 Note Interest means, with respect to any Collection Period, the Class A-2 Note Current Interest and the Class A -2 Overdue Interest.
Class A-2 Note Interest means, with respect to any Payment Date, the sum of (i) the product of [ (A) the Class A-2 Principal Balance immediately prior to such Payment Date and (B) one-twelfth of the Class A-2 Interest Rate] and (ii) the Class A-2 Overdue Interest from the preceding Payment Date; provided that on the first Payment Date, the Class A-2 Note Interest shall be $ ______________.
Examples of Class A-2 Note Interest in a sentence
During each Interest Accrual Period, this Class A-2 Note will bear interest at the Class A-2 Note Interest Rate.
The Issuer will pay interest on overdue installments of interest at the Class A-2 Note Interest Rate to the extent lawful.
From and after the Series 2008-1 Closing Date, the Series 2008-1 Class A-2 Outstanding Principal Amount will accrue interest at the Series 2008-1 Class A-2 Note Interest Rate which will be due and payable in arrears and distributed to the Series 2008-1 Class A-2 Noteholders on each Payment Date, commencing on the Payment Date occurring in July 2008.
The Issuer will pay interest on the Holder’s pro rata portion of the Class A-2 Invested Amount at the Class A-2 Note Interest Rate.
With respect to the Class A-2 Notes as of any Payment Date, the sum of (i) the aggregate amount of Commitment Fee accrued during the Interest Accrual Period for such Payment Date plus (ii) interest accrued for the Interest Accrual Period for such Payment Date at the Class A-2 Note Interest Rate on any accrued and unpaid Commitment Fees that became payable on any prior Payment Date.
More Definitions of Class A-2 Note Interest
Class A-2 Note Interest. The CLASS A-2 NOTE RATE will be equal to the lesser of (a) the Class A-2 Formula Rate and (b) the Class A-2 Net WAC Cap Rate. The CLASS A-2 FORMULA RATE is a per annum rate equal to the lesser of (i) LIBOR plus a margin determined at pricing; provided, that, on any Payment Date after the related Optional Termination Call Date, such rate will equal LIBOR plus two times such margin and (ii) 14%. The CLASS A-2 INTEREST PAYMENT AMOUNT for any Payment Date will be an amount equal to the current interest for the Class A-2 Notes, reduced by any interest shortfalls on the Group II Mortgage Loans relating to the Soldiers' and Sailors' Civil Relief Act of 1940, and further reduced by any Compensating Interest not covered by either the related Servicing Fee, excess interest, or the Note Insurance Policy, plus the Class A-2 Carry-Forward Amount, less any amount paid by the Note Insurer in respect of such Class A-2 Carry-Forward Amount, in each case, as of such Payment Date. The CLASS A-2 CARRY-FORWARD AMOUNT for any Payment Date will be the sum of (a) the amount, if any, by which (x) the Class A-2 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-2 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-2 Formula Rate. -------------------------------------------------------------------------------- THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO HEREIN. OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE MADE ONLY BY , AND THIS INFORMATION MUST BE READ IN CONJUNCTION WITH, THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS OR, IF NOT REGISTERED UNDER THE SECURITIES LAWS, THE FINAL OFFERING MEMORANDUM (THE "OFFERING DOCUMENT"). INFORMATION CONTAINED HEREIN DOES NOT PURPORT TO BE COMPLETE AND IS SUBJECT TO THE SAME QUALIFICATIONS AND ASSUMPTIONS, AND SHOULD BE CONSIDERED BY INVESTORS ONLY IN THE LIGHT OF THE SAME WARNINGS, LACK OF ASSURANCES AND REPRESENTATIONS AND OTHER PRECAUTIONARY MATTERS, AS DISCLOSED IN THE OFFERING DOCUMENT. INFORMATION REGARDING THE UNDERLYING ASSETS HAS BEEN PROVIDED BY THE ISSUER OF THE SECURITIES OR AN AFFILIATE THEREOF AND HAS NOT BEEN INDEPENDENTLY VERIFIED BY XXXXXX BROTHERS INC. OR ANY AFFILIATE. THE ANALYSES CONTAINED HER...
Class A-2 Note Interest. The Note Interest payable with respect to the Class A-2 Notes.
Class A-2 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-2 Interest Rate times (y) the number of days from and including the Closing Date through the day immediately preceding the initial Payment Date (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (z) the Aggregate Outstanding Principal Balance of the Class A-2 Notes as of the Closing Date; and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class A-2 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-2 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-2 Notes on such immediately preceding Payment Date and (ii) the Class A-2 Overdue Interest, if any.
Class A-2 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-2 Interest Rate times (y) the number of days from and including the Closing Date through the day immediately preceding the initial Payment Date (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (z) the Aggregate Outstanding Principal Balance of the Class A-2 Notes as of the Closing Date; provided that, with respect to the initial Payment Date, Class A-2 Note Interest shall equal $913,611.11, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class A-2 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-2 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-2 Notes on such immediately preceding Payment Date and (ii) the Class A-2 Overdue Interest, if any.
Class A-2 Note Interest means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-2 Note Interest Rate times (ii) the actual number of days from and including the Closing Date through the day immediately preceding the initial Payment Date times (iii) the Note Principal Balance of the Class A-2 Notes as of the Closing Date, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/12 of the Class A-2 Note Interest Rate times (y) the Note Principal Balance of the Class A-2 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-2 Notes on such immediately preceding Payment Date and (ii) the Class A-2 Overdue Interest, if any.
Class A-2 Note Interest. With respect to any Payment Date, the sum of (i) the product of (A) the Class A-2 Principal Balance immediately prior to such Payment Date and (B) one-twelfth of the Class A-2 Interest Rate and (ii) the Class A-2 Overdue Interest from the preceding Payment Date; provided that on the first Payment Date, the Class A-2 Note Interest shall be $134,924.
Class A-2 Note Interest. With respect to any Payment Date, the sum of (i) the product of (A) the Class A-2 Principal Balance immediately prior to such Payment Date and (B) one-twelfth