Class A Monthly Interest definition

Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

Class A Monthly Interest means the monthly interest distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.06(a).

Class A Monthly Interest means, with respect to (i) the initial Series 2021-2 Interest Period, an amount equal to $722,030.83 and (ii) any other Series 2021-2 Interest Period, an amount equal to the product of (A) one-twelfth of the Class A Note Rate and (B) the Class A Invested Amount on the first day of such Series 2021-2 Interest Period, after giving effect to any principal payments made on such date.

Examples of Class A Monthly Interest in a sentence

• During the Rapid Amortization Period, in addition to Class A Monthly Interest, Class A Monthly Principal will be distributed to the Class A Certificateholders on each Distribution Date commencing in the month following the commencement of the Rapid Amortization Period until the Class A Certificates have been paid in full.

• During the Controlled Accumulation Period and the Rapid Accumulation Period, in addition to monthly payments of Class A Monthly Interest, the amount on deposit in the Principal Funding Account (but not in excess of the Class A Investor Interest) will be distributed as principal to the Class A Certificateholders on the May 2010 Distribution Date, unless distributed earlier as a result of the commencement of the Rapid Amortization Period in accordance with the Pooling and Servicing Agreement.

• Class A Monthly Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.

More Definitions of Class A Monthly Interest

Class A Monthly Interest shall have the meaning specified in Section 4.02(a).

Class A Monthly Interest due and payable with respect to the Class A Notes on any Payment Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is three hundred sixty (360), (ii) the Class A Note Interest Rate in effect with respect to the related Interest Period and (iii) the Class A Note Principal Balance as of the close of business on the last day of the preceding Monthly Period (or, with respect to the initial Payment Date, the Class A Note Initial Principal Balance).

Class A Monthly Interest is defined in Section 4.1(a).

Class A Monthly Interest has the meaning specified in Section 4.02(a).

Class A Monthly Interest means the monthly interest ------------------------ distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.06(a) of the Agreement.

Class A Monthly Interest means the interest distributable in respect of the Class A Securities as calculated in accordance with subsection 4.6 of the Agreement.

Class A Monthly Interest means the sum of Class A-1 Monthly Interest, Class A-2 Monthly Interest, Class A-3 Monthly Interest and Class A-4 Monthly Interest.