Interest Accrual Amount definition

Interest Accrual Amount. As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).
Interest Accrual Amount. (a) With respect to any Distribution Date and any Class of Non-Vertically Retained Principal Balance Certificates, an amount equal to interest for the related Interest Accrual Period accrued at the applicable Pass-Through Rate for such Class on the related Certificate Balance outstanding immediately prior to such Distribution Date; and (b) with respect to any Distribution Date and a Class of the Class X Certificates, an amount equal to the sum of the Accrued Component Interest for the related Interest Accrual Period for all of the respective Components for such Class for such Interest Accrual Period. Calculations of interest for each Interest Accrual Period shall be made on 30/360 Basis.
Interest Accrual Amount. With respect to each outstanding Class of Notes and any Payment Date, an amount equal to the accrued interest at the Class Coupon on the Class Principal Balance (or Notional Principal Amount) of each Class of Notes immediately prior to such Payment Date.

Examples of Interest Accrual Amount in a sentence

  • Available Funds applied on any Distribution Date to pay the Interest Distribution Amount with respect to any Class of Non-Retained Principal Balance Certificates for such Distribution Date shall be applied first to pay the Current Interest Accrual Amount with respect to such Class of Certificates for such Distribution Date and then to pay any Class Interest Shortfall in respect of the immediately preceding Distribution Date for such Class of Certificates.

  • Concurrently, to CI and FC, pro rata based on their respective Interest Accrual Amounts, up to the Class CI Interest Accrual Amount and the Class FC Interest Accrual Amount for such Distribution Date2.

  • Concurrently, to DI and FD, pro rata based on their respective Interest Accrual Amounts, up to the Class DI Interest Accrual Amount and the Class FD Interest Accrual Amount for such Distribution Date2.

  • Concurrently, to BI and FB, pro rata based on their respective Interest Accrual Amounts, up to the Class BI Interest Accrual Amount and the Class FB Interest Accrual Amount for such Distribution Date2.

  • Available Funds applied on any Distribution Date to pay the Interest Distribution Amount with respect to any Class of Regular Certificates for such Distribution Date shall be applied first to pay the Current Interest Accrual Amount with respect to such Class of Certificates for such Distribution Date and then to pay any Class Interest Shortfall in respect of the immediately preceding Distribution Date for such Class of Certificates.


More Definitions of Interest Accrual Amount

Interest Accrual Amount means, for an outstanding Class of Notes (and, for purposes of calculating allocations of any Modification Loss Amounts, the Class 1B-3H Reference Tranche) and any Payment Date, an amount equal to:  the Class Coupon for such Class of Notes (or, for purposes of calculating allocations of any Modification Loss Amounts, the Class 1B-3H Reference Tranche) for the related Note Accrual Period, multiplied by  the Class Principal Balance (or Class Notional Amount, as applicable) of such Class of Notes (or, for purposes of calculating allocations of any Modification Loss Amounts, the Class 1B-3H Reference Tranche) immediately prior to such Payment Date; multiplied by  the actual number of days in the related Note Accrual Period, divided by  360; provided, that in the case of the Class 1-J1 Notes, Class 1-J2 Notes, Class 1-J3 Notes, Class 1-J4 Notes, Class 1-K1 Notes, Class 1-K2 Notes, Class 1-K3 Notes, Class 1-K4 Notes, Class 1M-2Y Notes, Class 1M-2X Notes, Class 1B-1Y Notes, Class 1B-1X Notes, Class 1B-2Y Notes and Class 1B-2X Notes, the Interest Accrual Amount will be the interest entitlement for such Class of Notes for such Payment Date, determined as set forth for such Class in Exhibit G-1.
Interest Accrual Amount. With respect to each outstanding Class of Notes (and, for purposes of calculating allocations of any Modification Loss Amounts, the Class B-2H Reference Tranche) and any Payment Date, an amount equal to the accrued interest at the Class Coupon on the Class Principal Balance (or Notional Principal Amount) of each Class of Notes (and, for purposes of calculating allocations of any Modification Loss Amounts to the Class B-2H Reference Tranche, on the Class Notional Amount of the Class B-2H Reference Tranche) immediately prior to such Payment Date.
Interest Accrual Amount means, with respect to each outstanding Class of Notes (and for purposes of calculating allocations of any Modification Gain Amounts or Modification Loss Amounts, the Class B-3H Reference Tranche) during each Accrual Period, means an amount equal to:
Interest Accrual Amount. As to any Distribution Date and any Class of Class A Certificates, (i) the product of (a) 1/12th of the Class A Pass-Through Rate for such Class and (b) the Principal Balance of such Class as of the Determination Date immediately preceding such Distribution Date minus (ii) the sum of (x) the Class A Interest Percentage of such Class of any Interest Reductions for such Distribution Date and (y) the Class A Interest Percentage of such Class of any Trust Expenses for such Distribution Date. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of (a) 1/12th of the Class B Pass-Through Rate and (b) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the sum of (x) the Class B Interest Percentage of such Class of any Interest Reductions for such Distribution Date and (y) the Class B Interest Percentage of such Class of any Trust Expenses for such Distribution Date.
Interest Accrual Amount. With respect to any Distribution Date and any Class of Principal Balance Certificates, an amount equal to interest for the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Certificate Principal Amount (provided, that for interest accrual purposes any distributions in reduction of Certificate Principal Amount or reductions in Certificate Principal Amount as a result of allocations of Realized Losses on the Distribution Date occurring in an Interest Accrual Period shall be deemed to have been made on the first day of such Interest Accrual Period). With respect to any Distribution Date and the Class X Certificates, an amount equal to interest for the related Interest Accrual Period at the Pass-Through Rate for such Class for such Interest Accrual Period on the Notional Amount of such Class (provided, that for interest accrual purposes any distributions in reduction of Notional Amount or reductions in Notional Amount as a result of allocations of Realized Losses on the Distribution Date occurring in an Interest Accrual Period shall be deemed to have been made on the first day of such Interest Accrual Period). Calculations of interest due in respect of the Regular Certificates shall be made on the basis of a 360-day year consisting of twelve 30-day months.
Interest Accrual Amount with respect to any Distribution Date and the Class A-CS1 Certificates is equal to interest for the related Interest Accrual Period at the Pass-Through Rate for such class for such Interest Accrual Period on the Notional Balance of such class (provided, that any reductions in the Notional Balance of such class as a result of distributions in reduction of the Certificate Balance of the Class A-1A Certificates or allocations of Realized Losses to the Certificate Balance of the Class A-1A Certificates on the Distribution Date occurring in an Interest Accrual Period, shall be deemed to have occurred on the first day of such Interest Accrual Period). The "Interest Accrual Amount" with respect to any Distribution Date and the Class PS-1 Certificates shall be equal to interest for the related Interest Accrual Period at the Pass-Through Rate for such class for such Interest Accrual Period on the Notional Balance of such class. Calculations of interest due in respect of the Certificates shall be made on the basis of a 360-day year consisting of twelve 30-day months. With respect to any Lower-Tier Regular Interest and any Distribution Date, an amount equal to interest for the related Interest Accrual Period at the Lower-Tier Pass-Through Rate for such Interest Accrual Period on the Certificate Balance of such Lower-Tier Regular Interest, provided that, for such purpose, (i) any distributions in reduction of Certificate Balance on such Distribution Date and (ii) reductions of Certificate Balance as a result of allocations of Realized Losses on such Distribution Date shall be deemed to have been made as of the first day of such Interest Accrual Period.
Interest Accrual Amount. As to any Class of Notes for any Payment Date, an amount equal to the interest accrued on the Outstanding Principal Balance of such Class of Notes (after giving effect to payments and allocations of losses on the preceding Payment Date) during the Interest Accrual Period ending on the day prior to the Payment Date at the applicable Note Interest Rate for such Class of Notes; provided, however, that such amount shall not include interest due and payable with respect to unreimbursed Realized Loss Amounts.