Initial Interest Distribution Date definition

Initial Interest Distribution Date. With respect to each applicable Accrual Class, the Distribution Date specified in the related Prospectus Supplement as the first Distribution Date on which interest will be paid in respect of that Class.
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Initial Interest Distribution Date. Not applicable.
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Initial Interest Distribution Date. As to the Class 25-Z Certificates, the Distribution Date following the Distribution Date on which the Class Certificate Principal Balance of the Class 25- VB Certificates has been reduced to zero.
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Examples of Initial Interest Distribution Date in a sentence

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for the applicable Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • On each Distribution Date prior to the Initial Interest Distribution Date, interest accrued on the Accrual Certificates during the related Interest Accrual Period therefor shall not be distributable thereon but shall instead be added to the Class Certificate Principal Balance thereof on each Distribution Date.

  • Interest accrued with respect to the Accrual Class during any Interest Accrual Period shall not be distributed thereon as interest until the Initial Interest Distribution Date.

  • Badly planned, poorly designed research that appears unlikely to produce useful or valid results, is unethical.

  • Prior to the Initial Interest Distribution Date, interest accrued on the Accrual Certificates during the Interest Accrual Period prior to a Distribution Date shall not be distributed but instead shall be added to the Class Certificate Principal Balance thereof on such Distribution Date.

  • Interest accrued with respect to the Accrual Classes during any Interest Accrual Period shall not be distributed thereon until the Initial Interest Distribution Date.

  • Prior to the applicable Initial Interest Distribution Date, interest accrued with respect to each Accrual Class during any Interest Accrual Period prior to a Distribution Date shall not be distributed thereon as interest but instead shall be added to the Class Balance thereof on such Distribution Date.

  • Prior to the Initial Interest Distribution Date with respect to the Accrual Classes, interest accrued with respect to each Accrual Class during any Interest Accrual Period prior to a Distribution Date shall not be distributed but instead shall be added to the Class Balance thereof on such Distribution Date.

  • Unit resident’s overnight parking is only permitted within the resident garage or driveway.

  • Interest accrued at a rate of 6.7% per annum on the Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for the applicable Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.


More Definitions of Initial Interest Distribution Date

Initial Interest Distribution Date. With respect to any Accrual Certificate, the earlier of the Initial Principal Distribution Date for such Certificate and the Principal Distribution Date, if any, prior thereto on which the entire outstanding principal balance of the Class of Regular Certificates having the next earliest Final Distribution Date has been distributed.
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Initial Interest Distribution Date. As to the Class 13-Z Certificates, the Distribution Date following the Distribution Date on which the Class Certificate Principal Balance of the Class 13- E Certificates has been reduced to zero.
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Initial Interest Distribution Date. With respect to Lower Tier Interest 5 and the Class 4-Z Certificates, the Distribution Date following the Distribution Date on which the Class Balance of either the Class 4-C or Class 4-V Certificates has been reduced to zero, whichever is later; and with respect to Lower Tier Interest 6 and the Class 4-ZA Certificates, the Distribution Date following the Distribution Date on which the Class Balance of the Class 4-Z Certificates has been reduced to zero.
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Initial Interest Distribution Date. With respect to the Accrual Certificates, the Distribution Date following the Distribution Date on which the Class Certificate Principal Balance of the Class 45-O Certificates has been reduced to zero.
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Initial Interest Distribution Date. As to the Class of Accrual Certificates, the Distribution Date following the Distribution Date upon which such Class receives its first distribution of principal.
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Related to Initial Interest Distribution Date

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • First Distribution Date Initial Certificate Principal Balance of this May 27, 2003 Certificate as of the Cut-off Date: $___________ Master Servicer: Wells Fargo Bank Mixxxxxta, National Association CUSIP: ___________ Assumed Final Distribution Date: ___________ ASSET-BACKED CERTIFICATE SERIES 2003-AC2 This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator referred to below or any of their affiliates or any other person. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental entity or by Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator or any of their affiliates or any other person. None of Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced hereby in the beneficial ownership interest of Certificates of the same Class as this Certificate in a trust (the "Trust Fund") generally consisting of conventional first lien, fixed rate mortgage loans secured by one- to four- family residences, units in planned unit developments and individual condominium units (collectively, the "Mortgage Loans") sold by Bear Stearns Asset Backex Xxxxxities, Inc. ("BSABS"). The Mortgage Loans were sold by EMC Mortgage Corporation

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Series A Distribution Rate means an annual rate equal to (i) during the Series A Fixed Rate Period, 8.50% of the Series A Liquidation Preference and (ii) during the Series A Floating Rate Period, a percentage of the Series A Liquidation Preference equal to the sum of (a) the Series A Three-Month LIBOR, as calculated on each applicable Series A LIBOR Determination Date, and (b) 6.766%.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Class Interest Distribution Amount As to each RCR Class and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.