Unpaid Class HE definition
Unpaid Class HE. B-1 Liquidation Loss Interest Shortfall" means, with respect to the Class HE: B-1 Certificates and any Payment Date, the amount, if any, of the Class HE: B-1 Liquidation Loss Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: B-1 Pass-Through Rate, computed on the basis of a 360-day year of twelve 30-day months.
Unpaid Class HE. B-2 Interest Shortfall" means, with respect to the Class HE: B-2 Certificates and any Payment Date, the amount, if any, of the Class HE: B-2 Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: B-2 Pass-Through Rate, computed on the basis of a 360-day year of twelve 30-day months.
Unpaid Class HE. M-1 Liquidation Loss Interest Shortfall" means, with respect to the Class HE: M-1 Certificates and any Payment Date, the amount, if any, of the Class HE: M-1 Liquidation Loss Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: M-1 Pass-Through Rate.
More Definitions of Unpaid Class HE
Unpaid Class HE. A Interest Shortfall" means, as to each Class of Class HE: A Certificates and any Payment Date, the amount, if any, of the Class HE: A Interest Shortfall applicable to such Class for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the related Pass-Through Rate.
Unpaid Class HE. M-1 Interest Shortfall" means, with respect to the Class HE: M-1 Certificates and any Payment Date, the amount, if any, of the Class HE: M-1 Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: M-1 Pass-Through Rate, computed on the basis of a 360-day year of twelve 30-day months. 1-42
Unpaid Class HE. A-1B ARM Available Funds Limitation Interest Shortfall" means, with respect to the Class HE: A-1B ARM Certificates and any Payment Date, the amount, if any, of the Class HE: A-1B ARM Available Funds Limitation Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: A-1B ARM Pass-Through Rate.
Unpaid Class HE. M-2 LIQUIDATION LOSS INTEREST SHORTFALL" means, with respect to the Class HE: M-2 Certificates and any Payment Date, the amount, if any, of the Class HE: M-2 Liquidation Loss Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: M-2 Pass-Through Rate.
Unpaid Class HE. B-2 LIQUIDATION LOSS INTEREST SHORTFALL" means, with respect to the Class HE: B-2 Certificates and any Payment Date, the amount, if any, of the Class HE: B-2 Liquidation Loss Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: B-2 Pass-Through Rate.
Unpaid Class HE. B-1 INTEREST SHORTFALL" means, with respect to the Class HE: B-1 Certificates and any Payment Date, the amount, if any, of the Class HE: B-1 Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: B-1 Pass-Through Rate.
Unpaid Class HE. M-2 INTEREST SHORTFALL" means, with respect to the Class HE: M-2 Certificates and any Payment Date, the amount, if any, of the Class HE: M-2 Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class HE: M-2 Pass-Through Rate.