Class A Current Interest. For any Distribution Date, the interest accrued on the Class A Certificate Principal Balance during the related Accrual Period at the Class A Pass-Through Rate plus any amount previously distributed with respect to interest for such Class that is recovered as a voidable preference by a trustee in bankruptcy.
Class A Current Interest. With respect to any Payment Date, the Class A-1 Current Interest, the Class A-2 Current Interest, the Class A-3 Current Interest, the Class A-4 Current Interest, the Class A-5 Current Interest, the Class A-6 Current Interest, the Class A-7 Current Interest, the Class A-8 Current Interest, the Class A-9 Current Interest or the Class A-IO Current Interest.
Class A Current Interest. With respect to the Class A Notes for any Payment Date, the interest accrued during the related Accrual Period at the Class A Note Rate applicable to such Payment Date on the Class A Note Principal Balance as of such Payment Date (and prior to making any payments on such Payment Date).
Examples of Class A Current Interest in a sentence
It is understood and agreed that the intention of the parties is that the Certificate Insurer shall not be entitled to reimbursement on any Payment Date for amounts previously paid by it unless on such Payment Date the Owners of the Class A Certificates shall also have received the full amount of the Class A Current Interest and or, Class A Overcollateralization Deficit for such Payment Date.
More Definitions of Class A Current Interest
Class A Current Interest. With respect to any Payment Date and with respect to any individual Class of Class A Certificates, the amount of interest accrued on the Class A Certificate Principal Balance (or, with respect to the Class A-9IO Certificates, the Class A-9IO Notional Principal Amount) immediately prior to such Payment Date during the related Accrual Period at the related Class A Pass-Through Rate.
Class A Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A Pass-Through Rate on the Class A Certificate Principal Balance as of the first day of such Accrual Period (after giving effect to all distributions of principal made or deemed to be made as of such first day) plus the Current Interest and Interest Carry Forward Amount portions of any previous distributions on such Class that are recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A Certificates. For purposes of calculating interest, principal distributions on a Distribution Date will be deemed to have been made on the first day of the Accrual Period in which such Distribution Date occurs.
Class A Current Interest. With respect to the Class A Certificates for any Distribution Date, the product of (x) one-twelfth of the Class A Pass-Through Rate applicable to such Distribution Date and (y) the Class A Certificate Principal Balance as of such Distribution Date (and prior to making any distributions on such Distribution Date).
Class A Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A Pass-Through Rate on the Class A Certificate Principal Balance as of the first day of such Accrual Period (after giving effect to all distributions of principal made or deemed to be made as of such first day) plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A Certificates. For purposes of calculating interest, principal distributions on a Distribution Date will be deemed to have been made on the first day of the Accrual Period in which such Distribution Date occurs.
Class A Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A Pass-Through Rate on the Class A Certificate Principal Balance as of such Distribution Date plus the Current Interest and Interest Carry Forward Amount portions of any previous distributions on such Class that are recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A Certificates. For purposes of calculating interest, principal distributions on a Distribution Date will be deemed to have been made on the first day of the Accrual Period in which such Distribution Date occurs.
Class A Current Interest. Any one or more of the following (as the context requires): Class A-1 Current Interest, Class A-2 Current Interest, Class A-3 Current Interest, Class A-4 Current Interest, Class A-5 Current Interest, Class A-6 Current Interest and/or Class A-IO Current Interest.
Class A Current Interest means with respect to each Class of Class A Certificates and with respect to any Distribution Date, the aggregate amount of interest accrued during the related Accrual Period on the Certificate Balance of the related Class of Class A Certificates at the applicable Pass-Through Rate for such Class A Certificate.