Collateral Minimum Monthly Interest definition

Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).
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Collateral Minimum Monthly Interest means the monthly interest distributable in respect of the Collateral Interest Amount as calculated in accordance with subsection 4.06(c).
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Collateral Minimum Monthly Interest means the
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Examples of Collateral Minimum Monthly Interest in a sentence

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

  • The amount of distribution in respect of any accrued and unpaid Collateral Minimum Monthly Interest $ 0.000000 C.

  • Collateral Minimum Monthly Interest shall be calculated on the basis of a the actual number of days in the related Interest Period and a 360-day year.

  • The amount of distribution in respect of any accrued andunpaid Collateral Minimum Monthly Interest $ 0.000000 C.

  • Collateral Minimum Monthly Interest shall be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year.

  • Applied to any remaining Collateral Minimum Monthly Interest$ 198,030.9914A.

  • For the Collateral monthly distribution in respect of Collateral Minimum Monthly Interest, per $1,000 of Original Certificate Principal Amount, we divided the Collateral Minimum Monthly Interest distribution, calculated at B.11(c) below, by the Collateral Initial Invested Amount, per the Supplement, as of the close of business on the last day of the preceding Monthly Period and then multiplied by $1,000.

  • Applied to any remaining Collateral Minimum Monthly Interest$ 446,878.2514A.

  • Applied to any remaining Collateral Minimum Monthly Interest$ 166,965.9914A.

  • The Court denies Chase’s Motion for Declaratory Judgment, and dismisses Count IV sua sponte because Mr. Marchese lacks standing to bring this claim.10 10 The U.S. Court of Appeals for the Fourth Circuit has held that “standing concerns must be brought out by a court at any time during a proceeding, for without proper standing there would exist no case or controversy for a court to decide.” Allstate Ins.


More Definitions of Collateral Minimum Monthly Interest

Collateral Minimum Monthly Interest shall have the meaning specified in SECTION 4.02(c).
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Collateral Minimum Monthly Interest distributable from the Collection Account with respect to the Collateral Invested Amount on any Distribution Date shall be an amount equal to one-twelfth of the product of (i) the Collateral Minimum Interest Rate and (ii) the Collateral Initial Invested Amount less the aggregate amount of principal payments distributed to the Collateral Interest Holder on all prior Distribution Dates; provided, however, that in the event the Collateral Minimum Interest Rate has been modified (as described in the definition thereof) during the period from (and including) the immediately preceding Distribution Date to (but excluding) such Distribution Date, the rate described in (i) above shall reflect a weighted average rate calculated on the basis of the actual number of days each Collateral Minimum Interest Rate was in effect during such period and a year of 360 days. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the “Collateral Interest Shortfall”) equal to (x) the aggregate Collateral Minimum Monthly Interest for such Distribution Date minus (y) the aggregate amount of funds allocated and available to pay such Collateral Minimum Monthly Interest on such Distribution Date. If the Collateral Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Collateral Interest Shortfall is fully paid, an additional amount (“Collateral Additional Interest”) shall be payable as provided herein with respect to the Collateral Invested Amount equal to one-twelfth of the product of (i) the Collateral Minimum Interest Rate and (ii) such Collateral Interest Shortfall (or the portion thereof which has not been paid to the Collateral Interest Holder). Notwithstanding anything to the contrary herein, Collateral Additional Interest shall be payable or distributed to the Collateral Interest Holder only to the extent permitted by applicable law.
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Collateral Minimum Monthly Interest means, for any Distribution Date, an amount equal to one-twelfth of the product of (i) the Collateral Minimum Interest Rate and (ii) the outstanding principal balance of the Collateral Interest as of the preceding Record Date; provided, however, that, for the first Distribution Date, Collateral Minimum Monthly Interest shall be equal to
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Related to Collateral Minimum Monthly Interest

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

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

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.