Accrued Certificate Interest Distribution Amount definition
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of Offered Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of Certificates (other than the Class X Certificate), the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for the related Due Period allocated to such Class pursuant to Section 4.02.
Examples of Accrued Certificate Interest Distribution Amount in a sentence
If on any Distribution Date, as a result of the foregoing allocation rules, any Class of Class A Certificates does not receive the related Accrued Certificate Interest Distribution Amount or the related Unpaid Interest Amount, if any, then that unpaid amount will be recoverable by the holders of those Classes, with interest thereon, on future Distribution Dates, as an Unpaid Interest Amount, subject to the priorities described above.
If on any Distribution Date, as a result of the foregoing allocation rules, any Class of Principal Certificates does not receive the related Accrued Certificate Interest Distribution Amount or the related Unpaid Interest Amount, if any, then that unpaid amount will be recoverable by the holders of those Classes, with interest thereon, on future Distribution Dates, as an Unpaid Interest Amount, subject to the priorities described above.
If on any Distribution Date, as a result of the foregoing allocation rules, any Class of Class A Certificates does not receive the related Accrued Certificate Interest Distribution Amount or the related Unpaid Interest Amounts, if any, then that unpaid amount will be recoverable by the holders of those Classes, with interest thereon, on future Distribution Dates, as Unpaid Interest Amounts, subject to the priorities described above.
More Definitions of Accrued Certificate Interest Distribution Amount
Accrued Certificate Interest Distribution Amount. For any Distribution Date for each Class of Certificates (other than the Class X Certificates), the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately before the Distribution Date.
Accrued Certificate Interest Distribution Amount. For any Distribution Date for each Class of Certificates (other than the Class P, Class R and Class C Certificates), the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately before the Distribution Date reduced by any Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class (allocated to each Certificate based on its respective entitlements to interest irrespective of any Prepayment Interest Shortfalls or Relief Act Interest Shortfalls for such Distribution Date).
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of Offered Certificates and the Class B-1 Certificates and Class B-2 Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class’s share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls not covered by Total Monthly Excess Spread for the related Due Period allocated to such Class pursuant to Section 4.02. Additional Form 10-D Disclosure: As defined in Section 8.12(a)(i). Additional Form 10-K Disclosure: As defined in Section 8.12(a)(iii).
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02. For purposes of determining interest allocations on a Distribution Date, the amount of Accrued Certificate Interest Distribution Amount for the Class A-3b Certificates will be equal to the Accrued Certificate Interest Distribution Amount for that Class for the following Class A-3b Distribution Date.
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of Principal Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02. Acoustic: Acoustic Home Loans, LLC, a Delaware limited liability company, and its successors in interest.
Accrued Certificate Interest Distribution Amount used herein.
Accrued Certificate Interest Distribution Amount. With respect to any Distribution Date for each Class of Principal Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for the related Due Period allocated to such Class pursuant to Section 4.02. The term "Accrued Certificate Interest" as used in the Class AF-3W Certificate Insurance Policy has the same meaning as the term "Accrued Certificate Interest Distribution Amount" used herein.