Class A-3 Interest Payment Amount definition

Class A-3 Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) 1/12, (or, with respect to the first Payment Date, 29/360), (y) the Class A-3 Note Rate and (z) the Class A-3 Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A-3 Interest Payment Amount means, with respect to any Payment Date, the sum of the Class A-3 Monthly Interest Payment Amount and the Class A-3 Interest Carryover Shortfall for such Payment Date.

Class A-3 Interest Payment Amount. With respect to the Class A-3 Notes for any Payment Date, an amount equal to (a) the related Class A-3 Current Interest, plus (b) the Class A-3 Carry-Forward Amount remaining unpaid as of such Payment Date.

Examples of Class A-3 Interest Payment Amount in a sentence

• 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.

• 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.

• 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)(iv) below.

• 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, the Class A-2 Interest Payment Amount and the Class A-3 Interest Payment Amount for such Payment Date minus (ii) the total Interest Collections received on the Mortgage Loans during the immediately preceding Collection Period.

More Definitions of Class A-3 Interest Payment Amount

Class A-3 Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) 1/12, (y) the Class A-3 Note Rate and (z) the Class A-3 Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A-3 Interest Payment Amount. With respect to any Payment Date, the product of (x) the Class A-3 Note Rate applicable to such Payment Date, (y) the Class A-3 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-3 Interest Payment Amount means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-3 Interest Rate times (ii) the number of days from and including the Closing Date to and excluding the 15th day of the calendar month in which the initial Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (iii) the Outstanding Amount of the Class A-3 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-3 Interest Rate times (y) the Outstanding Amount of the Class A-3 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-3 Notes on such immediately preceding Payment Date and (ii) the amount of Class A-3 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-3 Interest Rate.

Class A-3 Interest Payment Amount means: • with respect to the initial payment date, the product of (i) 1/360 of the Class A-3 Interest Rate times (ii) the number of days from and including the closing date to and excluding the 15th day of the calendar month in which the initial payment date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (iii) the aggregate initial principal balance of the Class A-3 notes as of the closing date; and • with respect to any subsequent payment date, the sum of (i) the product of (x) one-twelfth of the Class A-3 Interest Rate times (y) the aggregate outstanding principal balance of the Class A-3 notes as of the immediately preceding payment date after giving effect to all payments of principal of the Class A-3 notes on such immediately preceding payment date and (ii) the amount of Class A-3 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-3 Interest Rate.

Class A-3 Interest Payment Amount. On any Payment Date, the amount equal to (i) the aggregate Accrued Note Interest on the Class A-3 Notes during the related Interest Accrual Period, reduced by the Shortfall Interest Deferred Amount, if any, for such Payment Date in respect of such Class, plus (ii) to the extent the remaining Available Distribution Amount for such Payment Date is sufficient for the payment thereof, the Accrued Shortfall Interest Carry Forward Amount, if any, for such Payment Date in respect of such Class.

Class A-3 Interest Payment Amount means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-3 Interest Rate times (ii) the number of days from and including the Closing Date to and excluding the 15th day of the calendar month in which the initial Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (iii) the Outstanding Amount of the Class A-3 Notes as of the Closing Date; and (b) with respect to any subsequent Payment Date, the sum of

Class A-3 Interest Payment Amount. With respect to the Class A-3 Notes for any Payment Date, an amount equal to (a) the related Class A-3 Current Interest, PLUS (b) the Class A-3 Carry-Forward Amount remaining unpaid as of such Payment Date.