Class A-7 Accretion Termination Date definition
Class A-7 Accretion Termination Date. The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-6 Certificates has been reduced to zero and (ii) the Credit Support Depletion Date.
Class A-7 Accretion Termination Date. The earliest to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A-1, Class A-2, Class ▇-
Class A-7 Accretion Termination Date. The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero and (ii) the Credit Support Depletion Date. Class A-7 Accrual Distribution Amount: On each Distribution Date (a) on or prior to the Class A-7 Accretion Termination Date, an amount equal to the lesser of (i) the aggregate amount of Accrued Certificate Interest on the Class A-7 Certificates for such date, which will be added to the Certificate Principal Balance of the Class A-7 Certificates, and (ii) the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date; provided, however, that if the Class A-7 Accretion Termination Date is also the Credit Support Depletion Date, the Class A-7 Accrual Distribution Amount shall be zero, and (b) after the Class A-7 Accretion Termination Date, an amount equal to zero.
Examples of Class A-7 Accretion Termination Date in a sentence
On any Distribution Date, the interest portion of any Excess Losses shall be allocated pro rata among the outstanding Classes of Certificates based upon the amount of interest to which each such Class would otherwise be paid (or in the case of the Class A-7 Certificates, added to the principal balance of such Class, prior to the Class A-7 Accretion Termination Date) on such Distribution Date had there been no such Excess Losses allocable to interest.