Unpaid Interest Amounts definition

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).
Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the sum of
Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the sum of (a) the excess of (i) the sum of the Accrued Certificate Interest Distribution Amount for the Distribution Date over (ii) the amount in respect of such Accrued Certificate Interest actually distributed from Available Funds on such Distribution Date, (b) the excess of (i) any portion of the Accrued Certificate Interest Distribution Amount from prior Distribution Dates remaining unpaid over (ii) the amount in respect of interest on the Class of Certificates actually distributed on the preceding Distribution Date and (c) interest on the excess described in clause (b) for the related Interest Accrual Period at the applicable Pass-Through Rate (to the extent permitted by applicable law).

Examples of Unpaid Interest Amounts in a sentence

  • Unpaid Interest Amounts may be paid at any time in any lawful manner.

  • Class Unpaid Interest Amounts ----------------------------- As to any Distribution Date and any Class of Offered Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of Class Unpaid Interest Amounts distributed on such Class on prior Distribution Dates plus interest on such amount at the related Pass-Through Rate.

  • Any interest not so punctually paid or duly provided for (“Unpaid Interest Amounts”) shall forthwith cease to be payable to the person registered in the Register on such Regular Record Date and may be paid to the person in whose name this Security is registered at the close of business on a special record date (“Special Record Date”) set by the Bank for the payment of such Unpaid Interest Amounts.

  • All payments of principal, Interest, default interest (if any), and Accumulated Unpaid Interest Amounts hereunder shall be paid in cash by wire transfer of immediately available funds to the account of the Holder as designated by the Holder to the Company in writing from time to time.

  • Any amount of principal, (subject to the last sentence in this Section 2(d)) Interest, or Accumulated Unpaid Interest Amounts that is not paid as and when due in accordance with this Note shall bear interest at the Default Interest Rate, compounded monthly, until paid in full, and such interest accrued at the Default Interest Rate shall be payable on demand.


More Definitions of Unpaid Interest Amounts

Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the sum of (a) the excess of (i) the sum of the Accrued Certificate Interest Distribution Amount for such Distribution Date and any portion of such Accrued Certificate Interest Distribution Amount from prior Distribution Dates remaining unpaid over (ii) the amount in respect of interest on such Class of Certificates actually distributed on that Distribution Date and (b) 30 days' interest on such excess at the applicable Pass-Through Rate (to the extent permitted by applicable law).
Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the SUM OF
Unpaid Interest Amounts. For any class of certificates and any Distribution Date will equal the sum of (1) the amount, if any, by which (x) the sum of (A) Current Interest for such class for the immediately preceding Distribution Date and (B) any Unpaid Interest Amount from previous Distribution Dates exceeds (y) the amount distributed in respect of interest on such class on such immediately preceding Distribution Date, and (2) interest on the amount in clause (1) for the related Interest Accrual Period at the applicable Pass-through Rate (to the extent permitted by applicable law).
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 prior Distribution Dates remaining unpaid immediately prior to the current Distribution Date and (b) interest on such unpaid amount in clause (a) at the applicable Pass-Through Rate (to the extent permitted by applicable law). Value: With respect to any Mortgaged Property, the lesser of (i) the Origination Value thereof, and (ii) the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan, provided, however, in the case of a refinanced Mortgage Loan, such value of the Mortgaged Property is the Origination Value thereof.
Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the sum of (a) the excess of (i) the sum of the Accrued Certificate Interest Distribution Amount for such Distribution Date and any portion of such Accrued Certificate Interest Distribution Amount from prior Distribution Dates remaining unpaid (from any source excluding, with respect to the Class A-3 Certificates, the Certificate Insurance Policy) over (ii) the amount in respect of interest on such Class of Certificates actually distributed on the preceding Distribution Date and (b) 30 days' interest on such excess at the applicable Pass-Through Rate (to the extent permitted by applicable law).
Unpaid Interest Amounts the Class Certificate Balance for each Class of Certificates entitled thereto and any related Net WAC Cap CarryForward Amount, and (ii) to pay off the net interest margin securities (if any, represents interest in Class X or P certificates).
Unpaid Interest Amounts. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Current Interest from prior Distribution Dates remaining unpaid and (b) interest on such unpaid amount at the applicable Pass-Through Rate (to the extent permitted by applicable law). U.S. Person: (i) A citizen or resident of the United States; (ii) a corporation (or entity treated as a corporation for tax purposes) created or organized in the United States or under the laws of the United States or of any State thereof, including, for this purpose, the District of Columbia; (iii) a partnership (or entity treated as a partnership for tax purposes) organized in the United States or under the laws of the United States or of any state thereof, including, for this purpose, the District of Columbia (unless provided otherwise by future Treasury regulations); (iv) an estate whose income is includible in gross income for United States income tax purposes regardless of its source; or (v) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. Persons have authority to control all substantial decisions of the trust. Notwithstanding the last clause of the preceding sentence, to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996, and treated as U.S. Persons prior to such date, may elect to continue to be U.S. Persons.