Class A-7 Current Interest definition
Class A-7 Current Interest. With respect to any Payment Date, the amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class A-7 Pass-Through Rate plus the Preference Amount owed to the Owners of the Class A-7 Certificates as it relates to interest previously paid on the Class A-7 Certificates.
Class A-7 Current Interest. With respect to any Payment Date, an amount equal to 30 days' interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class A-7 Pass-Through Rate plus the Preference Amount owed to the Owners of the Class A-7 Certificates as it relates to interest previously paid on the Class A-7 Certificates; provided, however, such amount will be reduced by the Class A-7 Certificates' pro rata share of any Civil Relief Interest Shortfalls.
Class A-7 Current Interest. With respect to any Payment Date, the amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class A-7 Pass-Through Rate; provided, that such amount will be reduced by the Class A-7 Certificates' pro rata share of any Civil Relief Act Shortfalls relating to Group II during the related Remittance Period.
More Definitions of Class A-7 Current Interest
Class A-7 Current Interest. With respect to any Payment Date, an amount equal to 30 days' interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class A-7 Pass-Through Rate plus the Preference Amount owed to the Owners of the Class A-7 Certificates as it relates to interest previously paid on the Class A-7 Certificates plus the Carry-Forward Amount, if any, with respect to the Class A-7 Certificates; provided, however, such amount will be reduced by the Class A-7 Certificates' pro rata share of any Civil Relief Interest Shortfalls relating to Home Equity Loans in Group I.
Class A-7 Current Interest. With respect to any Payment Date, the amount of interest accrued on the Class A-7 Certificate Principal Balance during the related Accrual Period at the Class A-7 Pass-Through Rate.
Class A-7 Current Interest. With respect to any Distribution Date, an amount equal to the sum of (i) the amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-7 Certificate Rate and (ii) any prior unpaid Carry-Forward Amount, if any, with respect to the Class A-7 Certificates; provided, however, the amount described in clause (i) will be reduced by the Class A-7 Certificates' pro rata share of any Civil Relief Act Interest Shortfalls relating to Home Equity Loans in Group II.
Class A-7 Current Interest. The aggregate amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-7 Pass-Through Rate (based on a 360-day year consisting of twelve 30-day months).
Class A-7 Current Interest. With respect to any Payment Date an amount equal to the sum of (i), the amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class A-7 Pass-Through Rate and (ii) the Group IA Preference Amount related to interest previously paid on the Class A-7 Certificates to the extent such Group IA Preference Amount has not been paid; provided, that such amount will be reduced by the Class A-7 Certificates' pro rata share of any Civil Relief Act Shortfalls relating to Group IA during the related Remittance Period.
Class A-7 Current Interest. With respect to any Distribution Date, the amount of interest accrued on the Class A-7 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-7 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act) plus the Preference Amount owed to the Owners of the Class A-7 Certificates as it relates to interest previously paid on the Class A-7 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-7 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act).
Class A-7 Current Interest. With respect to any Payment Date, the sum of the Component I Current Interest and the Component II Current Interest.