Interest Distribution. With respect to any Payment Date and the Class A Notes, the sum of (a) the related Monthly Interest Distributable Amount for such Class A Notes for such Payment Date, and (b) any related Outstanding Interest Carryover Shortfall for such Class A Notes for such Payment Date.
Interest Distribution. Amount With respect to any Distribution Date and each Class of the Offered Certificates, the amount of interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Class Certificate Balance, reduced by such Class' pro rata share of the amount of (a) Net Prepayment Interest Shortfalls and (b) Relief Act Reductions incurred on the Loans during the related Due Period (each such Class' pro rata share to be based on the amount of interest to which such Class would have been entitled notwithstanding such Net Prepayment Interest Shortfalls and Relief Act Reductions).
Interest Distribution means, with respect to any Distribution Date (referred to in this definition as the "current Distribution Date"), interest equal to the product of one-twelfth of the Pass-Through Rate and the Pool Balance as of the close of the preceding Collection Period (or, if the current Distribution Date is the first Distribution Date, as of the Cut-Off Date) plus the amount of interest previously due but not paid to Certificateholders, if any.
Examples of Interest Distribution in a sentence
Interest DistributionsThe Interest Distribution Amount will be distributed on each Distribution Date to the Holders of all Classes of Securities entitled to distributions of interest.
Information Regarding the Current Quarterly Interest Distribution.
Information Regarding the Current Quarterly Interest Distribution 1.
For each Distribution Date with respect to a Trust, the sum of the Certificate Interest Distribution Amount (determined without giving effect to any Loss Mitigation Alternative or other loan modification) and the Certificate Principal Distribution Amount for that Trust.
Interest Distribution Factors Statement (1) Amount also includes Coupon Cap or Basis Risk Shortfalls, if applicable.
More Definitions of Interest Distribution
Interest Distribution. With respect to any Distribution Date and each Class of Notes, the sum of (a) the related Monthly Interest Distributable Amount for such Class, for such Distribution Date, and (b) any related Outstanding Interest Carryover Shortfall for such, for such Distribution Date.
Interest Distribution of a Unitholder who has elected to receive semi-annual distributions shall be made on the basis of one-half of the estimated annual interest income to such Trust for the ensuing twelve months, after a pro-rated initial payment and after deduction of the estimated costs and expenses of such Trust to be incurred during the twelve month period for which the interest income has been estimated.
Interest Distribution. With respect to any Payment Date and the Notes, the sum of (a) the related Monthly Interest Distributable Amount for such Notes for such Payment Date, and (b) any related Outstanding Interest Carryover Shortfall for such Notes for such Payment Date.
Interest Distribution means a payment by Borrower to a Parent Company in respect of accrued interest on any debt owed by Borrower to Saudi Fal or Arabian Shield.
Interest Distribution means, with respect to each Class of Notes other than the Class A-X Notes, the amount designated as the Interest Distribution for such Class of Notes, and with respect to the Class A-X Notes, the Class A-X Distribution. Interest Payment shall mean, with respect to a Payment Date and a Loan, any payment of interest due from the Borrower in respect of such Loan in the related Due Period.
Interest Distribution means with respect to the Notes on any Payment Date, the sum of (a) the amount of interest accrued during the related Accrual Period at the Note Rate on the Aggregate Outstanding Principal Amount on the Business Day immediately prior to such Payment Date plus (b) any previously accrued and unpaid interest at the Note Rate for prior Payment Dates (including any Additional Interest).
Interest Distribution means a payment by Borrower to a Parent Company