Interest Only Class definition

Interest Only Class. As specified in the Prospectus Supplement.
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Interest Only Class. A Class that (i) does not have a principal amount (other than a notional principal amount) and is entitled to payments of interest only or (ii) has only a nominal principal amount and a disproportionately high Class Coupon.
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Examples of Interest Only Class in a sentence

  • If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.

  • This is especially true for a Principal Only Class.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • This is especially true for the Principal Only Class.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • For this purpose, each Holder of an affected Certificate issued in respect of a Series shall be deemed to be the holder of a percentage of each such affected Asset equal to the percentage obtained by dividing the then outstanding principal amount of such Holder’s Certificate (which shall be zero in the case of an Interest Only Class without a principal amount) by the then aggregate outstanding principal amount of all affected REMIC Certificates and MACR Certificates of the same Series.

  • The yield on your Class could be lower than you expect if:‚ You buy your Class at a discount to its principal amount and principal payments are slower than you expect.‚ You buy your Class at a premium over its principal amount and principal payments are faster than you expect.If you buy an Interest Only Class or any other Class at a signiÑcant premium and prepayments are fast, you may not even recover your investment.Callable Classes are Subject to Redemption Risks.

  • The yield on your CertiÑcates could be lower than you expect if:‚ You buy your CertiÑcates at a premium over their principal amount and principal payments are faster than you expect.‚ You buy your CertiÑcates at a discount to their principal amount and principal payments are slower than you expect.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • During each calendar month, distribution in reduction of the Certificate Balances of the Certificates of any Class (other than the Interest Only Class) shall be made in an amount equal to the Principal Distribution Amount and shall be distributed in the amounts and in the priorities specified in the Prospectus.

  • The yield on your Certificates could be lower than you expect if:‚ You buy your Certificates at a premium over their principal amount and principal payments are faster than you expect.‚ You buy your Certificates at a discount to their principal amount and principal payments are slower than you expect.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • See “Description of the Securities — Modification and Exchange” in this Supplement.Increased Minimum Denomination Classes: Each Class that constitutes an Interest Only Class.

  • There will be an additional opportunity for public input on how park funds should be spent at the next Town Council meeting on September 16th, 2010.


More Definitions of Interest Only Class

Interest Only Class. Any Class identified as such in the related Issue Supplement.
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Interest Only Class. The Class 1-A-3, Class 1-A-5, Class 1-A-8, Class D-B-1X, Class D-B-2X, Class D-B-3X, Class 2-A-2, Class 3-A-4, Class 3-A-5, Class 3-A-7, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-14, Class 3-A-18, Class 4-A-3, Class 4-A-4, Class 4-A-6, Class 4-A-7, Class 4-A-9, Class 4-A-11, Class 4-A-12, Class 4-A-14, Class 4-A-15 and Class 4-A-17 Certificates, as the context may require.
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Interest Only Class. The Class II-IO .
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Interest Only Class. The IO1 Class REMIC Certificate.
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Interest Only Class. Class 1-A-4, Class 1-A-7, Class 3-A-2, Class 3-A-4 and Class 3-A-7 Certificates, as the context may require.
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Related to Interest Only Class

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Interest Only Certificates A Class or Subclass of Certificates not entitled to payments of principal, and designated as such in the Series Supplement. The Interest Only Certificates will have no Certificate Principal Balance.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Class B-1 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-1 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-1 Certificates on prior Distribution Dates pursuant to Paragraph sixth of Section 4.01(a).

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class B-3 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-3 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-3 Certificates on prior Distribution Dates pursuant to Paragraph twelfth of Section 4.01(a).

  • Class B-6 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-6 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-first of Section 4.01(a).

  • Class Unpaid Interest Shortfall As to any Distribution Date and each interest-bearing Class, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of interest actually distributed on such Class on such prior Distribution Dates pursuant to clause (ii) of the definition of "Interest Distribution Amount."

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B-2 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-2 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-2 Certificates on prior Distribution Dates pursuant to Paragraph ninth of Section 4.01(a).

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Class B-5 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-5 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-5 Certificates on prior Distribution Dates pursuant to Paragraph eighteenth of Section 4.01(a).

  • Class B-4 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-4 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-4 Certificates on prior Distribution Dates pursuant to Paragraph fifteenth of Section 4.01(a).

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class A Unpaid Interest Shortfall As to any Distribution Date and any Class of Class A Certificates, the amount, if any, by which the aggregate of the Class A Interest Shortfall Amounts for such Class for prior Distribution Dates is in excess of the amounts distributed in respect of such Class on prior Distribution Dates pursuant to Paragraph second of Section 4.01(a).

  • Class B Unpaid Interest Shortfall Any of the Class B-1 Unpaid Interest Shortfall, Class B-2 Unpaid Interest Shortfall, Class B-3 Unpaid Interest Shortfall, Class B-4 Unpaid Interest Shortfall, Class B-5 Unpaid Interest Shortfall or Class B-6 Unpaid Interest Shortfall.

  • Aggregate Class A Unpaid Interest Shortfall As to any Distribution Date, an amount equal to the sum of the Class A Unpaid Interest Shortfalls for all the Classes of Class A Certificates.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.