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 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.
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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.
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More Definitions of Class A-1 Interest Amount

Class A-1 Interest Amount has the same meaning as in the US Dollar Note Conditions.
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Class A-1 Interest Amount. The meaning set forth in the Underlying BSABS 2007-AC3 Agreement.
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Class A-1 Interest Amount has the same meaning as in the Class A-1 Note Conditions.
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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).
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Related to Class A-1 Interest Amount

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class A-1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 59.20% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date.