Interest Distribution definition

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

• The Excess Interest Distribution Account shall be non-interest bearing and shall be established and maintained as an Eligible Account (or as a subaccount of an Eligible Account).

• With respect to each Distribution Date, the Master Servicer shall withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest received during the applicable Collection Period.

• The Certificate Administrator shall, on any Distribution Date, make withdrawals from the Excess Interest Distribution Account to the extent required to make the distributions of Excess Interest required by Section 4.01(k) of this Agreement.

• Amounts on deposit in the Distribution Account, the Excess Interest Distribution Account, the Excess Liquidation Proceeds Reserve Account and the Interest Reserve Account (each, a “Certificate Administrator Account”) shall remain uninvested.

• 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.

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. 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 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 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 a payment by Borrower to a Parent Company

Interest Distribution. With respect to any Payment Date, the Class A Notes, the sum of (a) the Current Interest for such Class A Notes for such Payment Date, and (b) any Interest Carry Forward Amount for such Class A Notes for such Payment Date. INTERIM OVERCOLLATERALIZATION AMOUNT: As to any Payment Date, the excess, if any, of (x) the Pool Balance as of the last day of the preceding Collection Period over (y) (i) the Class A Note Principal Amount (before taking into account any distributions of principal on such Payment Date) less (ii) the Principal Collections for such Payment Date.

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).