Certificate Deferred Interest definition

Certificate Deferred Interest. For any Distribution Date with respect to any Class of Certificates, the amount of Mortgage Deferred Interest allocated to such Class pursuant to Section 4.06(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Certificate Deferred Interest. The amount by which interest distributable to any Class of Sequential Pay Certificates is reduced by the amount of Mortgage Deferred Interest allocable to such Class on any Distribution Date.

Certificate Deferred Interest. For any Distribution Date, with respect to any Class of Principal Balance Certificates, an amount equal to the Mortgage Deferred Interest allocated to such Class of Principal Balance Certificates pursuant to Section 4.06(a). With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange and conversion of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocable to such Class EC Certificates, without duplication.

Examples of Certificate Deferred Interest in a sentence

All Collateral Support Deficit or Certificate Deferred Interest on the Mortgage Loans allocated to any Class of Certificates will be allocated pro rata among the outstanding Certificates of such Class.
Collateral Support Deficit and Certificate Deferred Interest on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement.
Collateral Support Deficit, Certificate Deferred Interest and certain other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement.
On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
On each Distribution Date, to the extent provided in Section 4.06(b), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Section 4.06 Certificate Deferred Interest................................
All One Post Office Square B Note Collateral Support Deficit or Certificate Deferred Interest on the One Post Office Square B Note allocated to any Class of Certificates will be allocated pro rata among the outstanding Certificates of such Class.
The One Post Office Square B Note Collateral Support Deficit and Certificate Deferred Interest on the One Post Office Square B Note shall be allocated on the applicable Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement.
All Houston Galleria Collateral Support Deficit or Certificate Deferred Interest on the Houston Galleria Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the outstanding Certificates of such Class.
The Houston Galleria Collateral Support Deficit and Certificate Deferred Interest on the Houston Galleria Trust Subordinate Companion Loan shall be allocated on the applicable Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement.

More Definitions of Certificate Deferred Interest

Certificate Deferred Interest. For any Distribution Date with respect to any Class of Certificates (other than the Class A-2FL, Class X and Class R Certificates) and the Class A-2FL Regular Interest, the amount of Mortgage Deferred Interest allocated to such Class of Certificates or Class A-2FL Regular Interest, as applicable, pursuant to Section 4.06(a).

Certificate Deferred Interest. The amount by which interest distributable to any Class of Sequential Pay Certificates (other than the Class A-5FL Certificates) or the Class A-5FL Regular Interest is reduced by the amount of Mortgage Deferred Interest allocable to such Class of Certificates or the Class A-5FL Regular Interest on any Distribution Date.

Certificate Deferred Interest. For any Distribution Date, with respect to any Class of Principal Balance Certificates, an amount equal to the Mortgage Deferred Interest (or with respect to the Componentized Mortgage Loan, the Mortgage Deferred Interest allocated to the related Pooled Component pursuant to Section 4.06(a)(ii)) allocated to such Class of Principal Balance Certificates pursuant to Section 4.06(a). With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange and conversion of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed

Certificate Deferred Interest. For any Distribution Date, with respect to any Class of Principal Balance Certificates (other than the Class A-4FX and Class A-4FL Certificates) or the Class A-4FL/4FX Regular Interest, an amount equal to the Mortgage Deferred Interest allocated to such Class of Principal Balance Certificates (other than the Class A-4FX and Class A-4FL Certificates) or Class A-4FL/4FX Regular Interest, as applicable, in each case pursuant to Section 4.06(a). Any Certificate Deferred Interest allocated to the Class A-4FL/4FX Regular Interest on any Distribution Date shall be allocated between the Class A-4FX and Class A-4FL Certificates pursuant to Section 4.06(a).

Certificate Deferred Interest. The amount by which interest distributable with respect to any Class of Principal Balance Certificates (other than the Floating Rate Certificates) or any Group FL REMIC II Regular Interest, as the case may be, is reduced by the amount of Mortgage Deferred Interest allocable to such Class of Certificates or such Group FL REMIC II Regular Interest, as the case may be, on any Distribution Date.