Class A-1 Interest Amount definition

Class A-1 Interest Amount means, for each Interest Accrual Period, the product of (i) the Note Interest Rate applicable to the Class A-1 Notes as of the first day of such Interest Accrual Period, (ii) the Outstanding Principal Balance of the Class A-1 Notes as of the first day of such Interest Accrual Period (after giving effect to all distributions made on such day) and (iii) a fraction, the numerator of which is the number of days in such Interest Accrual Period and the denominator of which is 360.

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Class A-1 Interest Amount means, with respect to any Distribution Date ------------------------- and the related Interest Reset Period, an amount equal to interest at the Class A-1 Interest Rate on the Class A-1 Principal Balance.

Class A-1 Interest Amount means, with respect to any Payment Date, an amount equal to one month's interest (or, with respect to the first Payment Date, interest from and including the Closing Date to but excluding the first Payment Date) at the Class A-1 Interest Rate on the Class A-1 Principal Balance for such Payment Date.

Examples of Class A-1 Interest Amount in a sentence

If the Agent Bank at any time for any reason does not determine an Interest Rate for the Offered Notes, or calculate a Class A-1 Interest Amount or Class A-3 Interest Amount (each as defined in the Offered Note Conditions), the Offered Note Trustee must do so and each such determination or calculation will be as if made by the Agent Bank for the purposes of the Offered Note Conditions.
If the Agent Bank at any time for any reason does not determine an Interest Rate for the Offshore Notes, or calculate a Class A-1 Interest Amount or Class A-3 Interest Amount (each as defined in the Offshore Note Conditions), the Offshore Note Trustee must do so and each such determination or calculation will be as if made by the Agent Bank for the purposes of the Offshore Note Conditions.
The Trustee shall promptly deposit in the Certificate Account the final distribution received upon such Underlying Certificate (other than any Additional Class A-1 Interest Amount received in respect of the Underlying Group V Certificates) for distribution in accordance with Section 3.05 hereof on the next succeeding Distribution Date for the related Certificates.

More Definitions of Class A-1 Interest Amount

Class A-1 Interest Amount has the same meaning as in the US Dollar Note Conditions.

Class A-1 Interest Amount has the same meaning as in the Class A-1 Note Conditions.

Class A-1 Interest Amount. The meaning set forth in the Underlying BSABS 2007-AC3 Agreement.

Class A-1 Interest Amount means an amount equal to one-twelfth of the product of the Class A-1 Remittance Rate, and the Class A-1 Principal Balance, as of the preceding Remittance Date, after giving effect to distributions of principal and interest to be made on such Remittance Date (or, in the case of the first Remittance Date, interest accruing from the Closing Date to but excluding the first Remittance Date, at the Class A-1 Remittance Rate on the Original Class A-1 Principal Balance).