Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest-bearing Class, the sum of (i) interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class, reduced by any Net Deferred Interest on the related Mortgage Loans allocated to such Class of Certificates, as described in Section 4.04.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest bearing Class or, with respect to any interest-bearing Component, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, Component Balance, Notional Amount or Component Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction as provided in Section 4.02(d) and (ii) any Class Unpaid Interest Amounts for such Class or Component. Interest on any Class of Certificates shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Examples of Class Optimal Interest Distribution Amount in a sentence
Holders of such Certificates will not be entitled to any payment in respect of the Class Optimal Interest Distribution Amount on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs.
Holders of such Certificates and Components will not be entitled to any payment in respect of the Class Optimal Interest Distribution Amount on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs.
Holders of such Notes will not be entitled to any payment in respect of the Class Optimal Interest Distribution Amount on the amount of such increases for any Interest Accrual Period preceding the Payment Date on which such increase occurs.
Declaring that the Trustee is obligated to calculate the Mortgage Rate used to determine the Class Optimal Interest Distribution Amount for the IO senior certificates issued by the Complaint Trusts using the Original Rate and not the Modified Rate; B.
Loans – 5.50% 2 As detailed below, the definition of Class Optimal Interest Distribution Amount also includes “Class Unpaid Interest Amounts,” which includes unreimbursed shortfalls in the interest that was supposed to be paid in prior distributions.
More Definitions of Class Optimal Interest Distribution Amount
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and any interest-bearing Class or Component, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class or Component on the related Class Certificate Balance, Component Principal Balance, Notional Amount or Component Notional Amount, as applicable, as of the last day of the related Interest Accrual Period, subject to reduction as provided in Section 4.02(d) reduced by any Net Deferred Interest on the Mortgage Loans for the related Distribution Date allocated to their respective Class Certificate Balances or Component Principal Balances, as applicable, as described in Section 4.03 and (ii) any Class Unpaid Interest Amounts for such Class or Component.
Class Optimal Interest Distribution Amount. Not applicable.
Class Optimal Interest Distribution Amount. With respect to any ---------------------------------------------- Distribution Date and interest bearing Class or, with respect to any interest bearing Component, any Component thereof, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, Component Balance or Notional Amount, as applicable, subject to reduction as provided in Section 4.02(d) and (ii) any Class Unpaid Interest Amounts for such Class or Component.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month’s interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class. All Classes of Certificates will accrue interest on the basis of a 360-day year consisting of twelve 30-day months.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest bearing Class or, with respect to any interest bearing Component, the sum of (i) interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, Component Balance, Notional Amount or Component Notional Amount, as applicable, immediately prior to such Distribution Date subject to reduction as provided in Section 4.02(d) and (ii) any Class Unpaid Interest Amounts for such Class or Component. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and any interest-bearing Class or Component, the sum of (i) interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class or Component on the related Class Certificate Balance, Component Principal Balance, Notional Amount or Component Notional Amount, as applicable, as of the last day of such Interest Accrual Period, subject to reduction as provided in Section 4.02(d) and reduced by any Net Deferred Interest for such Distribution Date allocated to their respective Class Certificate Balances or Component Principal Balances, as applicable, as described in Section 4.03 and (ii) any Class Unpaid Interest Amounts for such Class or Component.
Class Optimal Interest Distribution Amount. With respect to any Distribution Date and interest bearing Class of Combined Certificates or, with respect to any interest bearing Component of Combined Certificates, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Principal Balance, Component Balance, Notional Amount or Component Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction as provided in Section 5.02(d) and (ii) any Class Unpaid Interest Amounts for such Class or Component.