Accrual Class definition
Examples of Accrual Class in a sentence
Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.
Interest accrued with respect to each Accrual Class during any Interest Accrual Period shall not be distributed thereon as interest but instead shall be added to the Class Balance thereof on the related Distribution Date.
Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of each Lower Tier Accrual Class.
On each Distribution Date, except as provided below with respect to each Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.
Except as provided below in the case of the Accrual Class, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date.
Interest accrued with respect to the Accrual Class during any Interest Accrual Period shall not be distributed thereon as interest but instead shall be added to the Class Balance thereof on the related Distribution Date.
Interest accrued on the Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.
Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of the Lower Tier Accrual Class.
As soon as practicable following the eleventh calendar day of each month, ▇▇▇▇▇▇ Mae will make available the Class Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount during the current calendar month and any addition to the Class Balance of any Accrual Class.
On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.