Actual/360 Day Count definition
Actual/360 Day Count. For the computation of accrued interest, means using the actual number of days elapsed during the period from and including the preceding Monthly Distribution Date (or, in the case of the initial Monthly Distribution Date, from and including the 2004-A Certificate Closing Date), to but excluding the current Monthly Distribution Date, and a year of 360 days.
Actual/360 Day Count. (i) If applicable with respect to any series of Notes, the calculation method set forth as such in the relevant Officer’s Issuance Certificate, and (ii) if applicable with respect to any class of Certificates, the calculation method set forth as such in the Trust Agreement or the relevant Certificate Issuance Order, as the case may be. Addition Date: The date as of which an Additional Account is added to the Pool of Accounts.
Actual/360 Day Count has the meaning specified in Section 2.04(a).
Examples of Actual/360 Day Count in a sentence
Interest on the Notes will be calculated on the basis of the Actual/360 Day count (as defined in the First Supplemental Indenture).
More Definitions of Actual/360 Day Count
Actual/360 Day Count means that the rate determined by the USD-CMS-Reference Banks will be multiplied by a fraction equal to the actual number of days in the related Interest Period over 360.