Class Interest Distribution definition

Class Interest Distribution. As to any Class of Regular Certificates and Distribution Date, an amount equal to the sum of (a) the related Class Monthly Interest Amount and (b) any Class Interest Carryover Shortfall for such Class of Certificates for such Distribution Date.

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Class Interest Distribution. With respect to any Distribution Date and each Class of Senior Certificates, the sum of (i) the applicable Class Monthly Interest Amount for such Class on such Distribution Date and (ii) the applicable Class Interest Shortfall for such Class on such Distribution Date.

Class Interest Distribution. With respect to any Payment Date and Class of Notes, the sum of (a) the amount of interest accrued during the Interest Period relating to such Payment Date at the related Note Rate for such Class of Notes on the sum of (i) the Principal Balance of such Class of Notes immediately prior to such Payment Date and (ii) any previously accrued and unpaid interest on such Class of Notes for prior Payment Dates, and (b) any previously accrued and unpaid interest on such Class of Notes for prior Payment Dates.

Examples of Class Interest Distribution in a sentence

On each Distribution Date, the Securities Administrator shall withdraw from the Trust Account the Class Interest Distribution Amount for each Class of Certificates entitled to interest and shall make the appropriate distributions to the Holders of each such Class.
All distributions of such Class Principal Distribution Amounts and Class Interest Distribution Amounts that are made with respect to a particular Class shall be made pro rata among all Certificates of such class in proportion to their respective Certificate Principal Balances or Class Notional Amounts, as applicable, with no preference or priority of any kind.
All distributions of such Class Principal Distribution Amounts and Class Interest Distribution Amounts that are made with respect to a particular Class shall be made pro rata among all Certificates of such class in proportion to their respective Certificate Principal Balances or Notional Amounts, as applicable, with no preference or priority of any kind.
On each Distribution Date, the Trust Administrator shall withdraw from the Trust Account the Class Interest Distribution Amount for each Class of Certificates entitled to interest and shall make the appropriate distributions to the Holders of each such Class.
Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A.
On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates will be distributed on an equal priority and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
On each Distribution Date, the Class Interest Distribution for each Class of Class M-2 Certificates will be distributed on an equal priority and any shortfall in the amount required to be distributed as interest will be allocated with respect to the Class M-2 Certificates, between the related Classes of Certificates, pro rata based on the amount that would have been distributed to each Class in the absence of such shortfall.
On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in Certificate Group F will be distributed on an equal priority and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.