Class A Interest Payment Amount definition

Class A Interest Payment Amount means, for any Payment Date the sum of the Class A-1 Interest Payment Amount, the Class A-2 Interest Payment Amount, the Class A-3 Interest Payment Amount and the Class A-4 Interest Payment Amount.

Class A Interest Payment Amount. With respect to the Class A Notes for any Payment Date, an amount equal to (a) the Class A Current Interest, minus (b) the amount of any Net Mortgage Loan Interest Shortfall Amount, plus (c) the Class A Carry-Forward Amount, minus (d) any amounts paid by the Note Insurer in respect of such Class A Carry-Forward Amount, in each case, as of such Payment Date.

Class A Interest Payment Amount means, with respect to any payment date, the sum of the Class A-1 Interest Payment Amount for that payment date, the Class A-2-A Interest Payment Amount for that payment date, the Class A-2-B Interest Payment Amount for that payment date, the Class A-3-A Interest Payment Amount for that payment date, the Class A-3-B Interest Payment Amount for that payment date, the Class A-4-A Interest Payment Amount for that payment date and the Class A-4-B Interest Payment Amount for that payment date.

Examples of Class A Interest Payment Amount in a sentence

• To evidence such subrogation, the Note Registrar shall note the Note Insurer's rights as subrogee upon the register of Class A Noteholders upon receipt from the Note Insurer of proof of payment by the Note Insurer of any Class A Interest Payment Amount or Class A Principal Payment Amount.

• The Issuer defaults in the payment of any Class A Interest Payment Amount, Class B Interest Payment Amount, Additional Amounts or Variable Return (as the case may be) on the Most SeniorClass of Notes when due and payable, and/or principal due and payable on the Most Senior Class of Notes, (unless such default has arisen by reason of technical default or error and the Issuer has moneys available to make payment and payment is made within 2 (two) Business Days of the due date thereof).

• To evidence such subrogation, the Note Registrar shall note the Insurer's rights as subrogee upon the register of Noteholders upon receipt from the Insurer of proof of payment by the Insurer of any Class A Interest Payment Amount or Class A Principal Payment Amount.

• The Class A Interest Payment Amount, the Class B Interest Payment Amount and the Payment Date so published may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) with the consent and agreement of the Representative of the Noteholders.

• Class A Interest Payment Amount 84,840.27 - Class A-1 13,194.44 - - Class A-2 46,312.50 - - Class A-3 25,333.33 - - 4.

More Definitions of Class A Interest Payment Amount

Class A Interest Payment Amount means, with respect to any Payment Date, the sum of the Class A-1 Interest Payment Amount for such Payment Date, the Class A-2 Interest Payment Amount for such Payment Date, the Class A-3 Interest Payment Amount for such Payment Date and the Class A-4 Interest Payment Amount for such Payment Date.

Class A Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) [a fraction, the numerator of which is the actual number of days elapsed during the related Accrual Period and the denominator of which is 360] [1/12th], (y) the Class A Note Rate and (z) the Class A Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).

Class A Interest Payment Amount means, as of any Distribution Date, the sum of (i) one month's interest at the Class A Interest Rate on the then outstanding Bond Principal Balance of the Class A Bonds immediately prior to such Distribution Date, (ii) the sum of the amounts, if any, by which the amount described in clause (i) above on each prior Distribution Date exceeded the amount actually distributed as interest on such Bonds on such prior Distribution Dates and was not subsequently distributed, together with, to the extent permitted by applicable law, interest on the amount described in clause (ii) at the Class A Interest Rate and (iii) the sum of (a) the Basis Risk Shortfall for such Distribution Date and (b) Unpaid Basis Risk Shortfall, together with interest thereon at the Class A Interest Rate to the extent permitted by law.

Class A Interest Payment Amount means (i) for the initial Payment Date, the product of (a) one-twelfth of the Class A Interest Rate and (b) the Initial Class A Principal Balance and (ii) for any subsequent Payment Date, (a) the product of one-twelfth of the Class A Interest Rate and (b) the Outstanding Class A Principal Balance as of the related Determination Date.

Class A Interest Payment Amount. With respect to any Payment Date, the sum of (i) for the initial Payment Date, 44 days of interest and for any Payment Date thereafter, 30 days of interest, in each case calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class A Interest Rate on the Class A Note Balance as of the close of business on the Cutoff Date (with respect to the initial Payment Date) or the related Accounting Date (with respect to each Payment Date after the initial Payment Date), plus (ii) any outstanding Class A Interest Carryover Shortfall with respect to the preceding Payment Date, plus 30 days of interest on such outstanding Class A Interest Carryover Shortfall, to the extent permitted by law, at the Class A Interest Rate.

Class A Interest Payment Amount. With respect to any Payment Date, the sum of (i) the Class A-1 Interest Payment Amount and (ii) the Class A-2 Interest Payment Amount.

Class A Interest Payment Amount. With respect to any Payment Date, the sum of (i) for the initial Payment Date, 44 days of interest and for any Payment Date thereafter, 30 days of interest, in each case calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class A Interest Rate on the Note Balance as of the close of business on the related Accounting Date, plus (ii) any outstanding Class A Interest Carryover Shortfall with respect to the preceding Payment Date, plus 30 days of interest on such outstanding Class A Interest Carryover Shortfall, to the extent permitted by law, at the Class A Interest Rate.