Monthly Interest definition

Monthly Interest means, with respect to any Distribution Date, the Class A Monthly Interest, the Class B Monthly Interest and the Collateral Minimum Monthly Interest for such Distribution Date.

Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

Monthly Interest means, for any Distribution Date, the sum of the Class A Monthly Interest, the Class M Monthly Interest and the Class B Monthly Interest for such Distribution Date.

Examples of Monthly Interest in a sentence

• For the avoidance of doubt, in the event that the amount of interest on the Trust Loan is reduced as a result of any modification to the Trust Loan, any Monthly Interest Payment Advance made with respect to such modified Trust Loan shall be in such amounts as may be required as a result of such reduction.

• In addition, the Certificate Administrator shall notify (if the Certificate Administrator is not acting as the Back-Up Advancing Agent) the Back-Up Advancing Agent by telephone and electronically if, as of 11:00 a.m., New York City time, on any Distribution Date, the Servicer has not made the Monthly Interest Payment Advance required to have been made on the related Remittance Date pursuant to this Section 3.23(a).

• The Certificate Administrator shall notify the Servicer and (if the Certificate Administrator is not acting as the Back-Up Advancing Agent) the Back-Up Advancing Agent by telephone and electronically if, as of 3:00 p.m., New York City time, on the Remittance Date, the Certificate Administrator has not received the amount of a Monthly Interest Payment Advance required pursuant to this Section 3.23(a).

• If a Monthly Interest Payment Advance is made with respect to the Trust Loan, then that Monthly Interest Payment Advance, together with interest on such Monthly Debt Service Advance, shall only be reimbursed out of future payments and collections on the Trust Loan, but not out of payments or other collections on the Companion Loan(s).

• The Servicer shall have no obligation to make any Monthly Interest Payment Advance for any Companion Loan.

More Definitions of Monthly Interest

Monthly Interest. Timing Difference Amount, with respect to any Loan for any Loan Accrual Period, means the excess, if any, of (x) the Monthly Interest Shortfall Amount over (y) the Monthly Interest Deficiency Amount. Monthly Loan Interest Expense Amount has the meaning specified in Section 4.1.

Monthly Interest shall have the meaning specified in Section 4.02.

Monthly Interest means, with respect to any Transfer Date, the sum of (a) the Class A Monthly Interest, the Class A

Monthly Interest means, with respect to any Transfer Date, the sum of (a) the Class A Monthly Interest, the Class A Additional Interest, if any, and the unpaid Class A Deficiency Amount, if any; (b) the Class B Monthly Interest, the Class B Additional Interest, if any, and the unpaid Class B Deficiency Amount, if any, and (c) the Collateral Monthly Interest, each with respect to such Transfer Date.

Monthly Interest means, with respect to any Distribution Date, ---------------- the sum of the Class A Monthly Interest, the Class B Monthly Interest and the CIA Monthly Interest distributable in respect of the Series 1997-6 Certificates as calculated in accordance with Section 4.06 of the Agreement.

Monthly Interest means, with respect to any Transfer Date, the sum of (a) the Class A Monthly Interest, the Class A Additional Interest, if any, and the unpaid Class A Deficiency Amount, if any, (b) the Class B Monthly Interest, the Class B Additional Interest, if any, and the unpaid Class B Deficiency Amount, if any, and (c) the Collateral Minimum Monthly Interest and any previously due and the unpaid Collateral Minimum Monthly Interest, each with respect to such Transfer Date.

Monthly Interest means, for any Distribution Date, the sum of the Class A Monthly Interest Payment, the Class B Monthly Interest Payment, and the Class C Monthly Interest Payment for such Distribution Date.