Class Interest Distribution Amount. As to each RCR Class and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date.
Class Interest Distribution Amount. As to each Exchangeable Class and Exchange Class, and each Distribution Date, an amount equal to Accrued Certificate Interest (as defined in the Underlying Trust Agreement) for such class.
Class Interest Distribution Amount. As to each Exchange Class and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance or Notional Amount thereof, as applicable, immediately prior to such Distribution Date.
Examples of Class Interest Distribution Amount 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.
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.
Xxxxxx Mae in its corporate capacity guarantees to the Grantor Trust that it will make available for distribution to the Holders of the FL Class (i) interest in an amount equal to the FL Class Interest Distribution Amount for such date and (ii) principal in an amount equal to the FL Class Principal Distribution Amount for such date.
Any amount identified as a distribution of a Class Interest Distribution Amount for a Class of Floating Rate Certificates will be reduced by the amount of any Primary Basis Risk Amount allocable thereto, since any Primary Basis Risk Amount allocated thereto will be paid to such Class directly from the Reserve Fund and not from funds payable from the REMIC.
More Definitions of Class Interest Distribution Amount
Class Interest Distribution Amount. As to each Class of Exchangeable REMIC Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions on such Distribution Date in respect of interest on the related REMIC Class and (ii) the related Allocation Ratio. As to each Class of Exchangeable Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions of interest on such Distribution Date in respect of the related REMIC Class and (ii) one minus the related Allocation Ratio.
Class Interest Distribution Amount. With respect to any Distribution Date and any of the Class ____ Certificates, interest for the related Interest Accrual Period at the applicable Pass-Through Rate for such Class of Certificates for such Interest Accrual Period on the Certificate Balance of such Class. With respect to any Distribution Date and the Class ____ Certificates, (a) for any Distribution Date occurring on or prior to the EC Maturity Date, the Class ____ Excess Interest and, (b) thereafter, zero. With respect to the Class ____ Certificates, zero. With respect to any Distribution Date and the Class Certificates, an amount equal to the product of the Class Pass-Through Rate and the Class ____ Notional Balance. The Class Interest Distribution Amount of the Class ____ Certificates represents a specified portion equal to ____% of the interest payments on the Class ____ Interest. For purposes of determining any Class Interest Distribution Amount, any distributions in reduction of Certificate Balance, any reductions of Certificate Balance (and any resulting reductions in Notional Balance) as a result of allocations of Realized Losses on the Distribution Date occurring in such Interest Accrual Period shall be deemed to have been made as of the first day of such Interest Accrual Period. Notwithstanding the foregoing, the Class Interest Distribution Amount for each Class of Certificates otherwise calculated as described above shall be reduced by such Class pro rata share of any Uncovered Prepayment Interest Shortfall for such Distribution Date (pro rata according to each respective Class' Class Interest Distribution Amount determined without regard to this sentence).
Class Interest Distribution Amount. As to each RCR Class (other than an Accrual Class or Partial Accrual Class prior to its Initial Interest Distribution Date and a principal only Class) and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date. As to each RCR Class that is a Partial Accrual Class and each Distribution Date prior to its Initial Interest Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date, less any amounts added to the principal balances of the Related REMIC Classes on such Distribution Date.
Class Interest Distribution Amount. With respect to any Distribution Date and the Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-CS1, Class A-1E, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8Z (after the Class A-8Z Scheduled Distribution Date if the Balloon Payment due on the Maturity Date of the Comsat Junior Loan is not made), Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7 and Class B-7H Certificates, an amount equal to the Interest Accrual Amount thereof for such Distribution Date; with respect to any Distribution Date and the Class PS-1 Certificates, the Interest Accrual Amounts thereof for such Distribution Date minus the aggregate Reduction Interest Distribution Amounts in respect of such Distribution Date.
Class Interest Distribution Amount. As to each Class of Exchangeable REMIC Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions on such Distribution Date in respect of interest on the related REMIC Class and (ii) the related Allocation Ratio. As to each Class of Exchangeable Certificates in an Exchangeable Combination and Distribution Date, such class’s pro rata portion, based on the amount of interest due each such class at the related Certificate Interest Rate, of the product of (i) the aggregate of the distributions of interest on such Distribution Date to the related REMIC Class and (ii) one minus the Allocation Ratio for the Exchangeable REMIC Certificates related to the related REMIC Class.
Class Interest Distribution Amount. As to each Class of Exchangeable REMIC Certificates and Distribution Date, an amount equal to the product of (i) the aggregate of the distributions on such Distribution Date in respect of interest on the related REMIC Class and (ii) the related Allocation Ratio. As to each Class of Exchangeable Certificates that is not in the Class Complex and Distribution Date, such class’s pro rata portion, based on the amount of interest due each such class at the related Certificate Interest Rate, of the sum for each Class of related Exchangeable REMIC Certificates, of the product of (i) the aggregate of the distributions of interest on such Distribution Date to the related REMIC Class and (ii) one minus the Allocation Ratio for such Class of Exchangeable REMIC Certificates, subject to adjustment, if necessary, to reflect the exchanges of the Contributed Exchangeable REMIC Class, for multiple Classes of Exchangeable Certificates. As to each Class of Exchangeable Certificates in the Class Complex and Distribution Date, such class’s pro rata portion, based on the amount of interest due each such class at the related Certificate Interest Rate, of the sum, for each Class of Exchangeable REMIC Certificates related to such Class Complex, of the product of (i) the aggregate of the distributions of interest on such Distribution Date to the related REMIC Class and (ii) one minus the Allocation Ratio for such Class of Exchangeable REMIC Certificates, subject to adjustment, if necessary, to reflect the exchanges of the Contributed Exchangeable REMIC Class, for multiple Classes of Exchangeable Certificates.
Class Interest Distribution Amount. With respect to any Distribution Date and any Class of Certificates (other than the Class R and Class LR Certificates), an amount equal to the Interest Accrual Amount thereof for such Distribution Date.