Class A-7 Accretion Direction Rule definition

Class A-7 Accretion Direction Rule. With respect to the Class A-7 Certificates and any Distribution Date up to and including the Class A-7 Accrual Termination Date, the Class A-7 Accrual Amount shall be distributed as principal to the Class A-5 Certificates until its Class Certificate Balance is reduced to zero, and then to the Class A-7 Certificates until its Class Certificate Balance is reduced to zero
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Class A-7 Accretion Direction Rule. On each Distribution Date up to and including the related Accrual Termination Date, the Accrual Amount for the Class A-7 Certificates will be distributed as principal in the following order of priority:
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Class A-7 Accretion Direction Rule. With respect to any Distribution ----------------------------------- Date, up to and including the Class A-7 Accrual Termination Date, and the Class A-7 Accretion Directed Certificates, the Class A-7 Accrual Amount shall be distributed in the following order of priority: (i) concurrently, 82.7429511177% to the Class A-4 Certificates and 17.2570488823% to the Class A-5 Certificates, in an amount up to the amount necessary to reduce the Class Certificate Balances thereof to their respective Targeted Balances for such Distribution Date; (ii) concurrently, 39.0000000000% to the Class A-5 Certificates and 60.7988642963% to the Class A-6 Certificates, in an amount up to the amount necessary to reduce the Class Certificate Balances thereof to their respective Targeted Balances for such Distribution Date; and (iii) to the Class A-7 Certificates, until the Class Certificate Balance thereof is reduced to zero.
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More Definitions of Class A-7 Accretion Direction Rule

Class A-7 Accretion Direction Rule. With respect to the Class A-7 Certificates and any Distribution Date up to and including the Class A-7 Accrual Termination Date, the Accrual Amount with respect to the Class A-7 Certificates shall be distributed as principal: first, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, in an amount up to the amount necessary to reduce their respective Class Certificate Balances to their respective Planned Balance for that Distribution Date; second, to the Class A-4 Certificates, in an amount up to the amount necessary to reduce its Class Certificate Balance to its Targeted Balance for that Distribution Date; third, to the Class A-6 Certificates, until its Class Certificate Balance is reduced to zero; fourth, to the Class A-4 Certificates without regard to its Targeted Balance, until its Class Certificate Balance is reduced to zero; fifth, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, without regard to their respective Planned Balance, until their respective Class Certificate Balances are reduced to zero; and to the class A-7 Certificates, until its class Certificate Balance is reduced to zero.
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Related to Class A-7 Accretion Direction Rule

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Class A Non-PO Optimal Amount As to any Distribution Date, the sum for such Distribution Date of (i) the Class A Interest Accrual Amount, (ii) the Aggregate Class A Unpaid Interest Shortfall and (iii) the Class A Non-PO Optimal Principal Amount.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.

  • Class F Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.0840%.

  • Class H Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.

  • Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Class A Pass-Through Rate As to the Class A-1 and Class A-R Certificates, the Class A Fixed Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.

  • Class A Fixed Pass-Through Rate As to any Distribution Date, the rate per annum set forth in Section 11.01.

  • Class M-1 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-1 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class C Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class E Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.

  • Class A-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B Pass-Through Rate As to any Distribution Date, 6.750% per annum.

  • Class B-5 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).