Class M-1 Current Interest definition
Class M-1 Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.
Class M-1 Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of the first day of such Accrual Period (after giving effect to all distributions of principal made or deemed to be made as of such first day) plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates. For purposes of calculating interest, principal distributions on a Distribution Date will be deemed to have been made on the first day of the Accrual Period in which such Distribution Date occurs.
Class M-1 Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of the first day of such Accrual Period (after giving effect to all distributions of principal made or deemed to be made as of such first day) plus the portion of any previous distributions on such Class in respect of Class M-1 Current Interest or a Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates. For purposes of calculating interest, principal distributions on a Distribution Date will be deemed to have been made on the first day of the Accrual Period in which such Distribution Date occurs.
More Definitions of Class M-1 Current Interest
Class M-1 Current Interest. With respect to any Payment Date, the amount of interest accrued on the Class M-1 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class M-1 Pass-Through Rate.
Class M-1 Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of the first day of such Accrual Period (after giving effect to all distributions of principal made or deemed to be made as of such first day) plus the Current Interest and Interest Carry Forward Amount portions of any previous distributions on such Class that are recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.
Class M-1 Current Interest. For any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance immediately prior to such Distribution Date.
Class M-1 Current Interest. The aggregate amount of interest accrued on the Class M-1 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class M-1 Pass-Through Rate (based on a 360-day year consisting of twelve 30-day months).
Class M-1 Current Interest means with respect to any Distribution Date, the aggregate amount of interest accrued during the related Accrual Period on the Class M-1 Certificate Balance at the Class M-1 Pass-Through Rate.
Class M-1 Current Interest. With respect to any Payment Date, an amount equal to 30 days' interest accrued on the Class M-1 Certificate Principal Balance immediately prior to such Payment Date during the related Accrual Period at the Class M-1 Pass-Through Rate plus the Preference Amount owed to the Owners of the Class M-1 Certificates as it relates to interest previously paid on the Class M-1 Certificates; provided, however, such amount will be reduced by the Class M-1 Certificates' pro rata share of any Civil Relief Interest Shortfalls.