Interest Only Class definition

Interest Only Class. As specified in the Prospectus Supplement.
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Interest Only Class. A Class that (i) does not have a principal amount (other than a notional principal amount) and is entitled to payments of interest only or (ii) has only a nominal principal amount and a disproportionately high Class Coupon.
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Examples of Interest Only Class in a sentence

  • For this purpose, each Holder of an affected Certificate issued in respect of a Series shall be deemed to be the holder of a percentage of each such affected Asset equal to the percentage obtained by dividing the then outstanding principal amount of such Holder’s Certificate (which shall be zero in the case of an Interest Only Class without a principal amount) by the then aggregate outstanding principal amount of all affected REMIC Certificates and MACR Certificates of the same Series.

  • On or prior to each Payment Date, or such other day as is provided in the related Terms Supplement, the Administrator shall publish or cause to be published (or otherwise make available) a Class Factor for each Class of Certificates having a principal amount, and for each Interest Only Class having a notional principal amount.


More Definitions of Interest Only Class

Interest Only Class. Any Class identified as such in the related Issue Supplement.
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Interest Only Class. Class 1-A-4, Class 1-A-7, Class 3-A-2, Class 3-A-4 and Class 3-A-7 Certificates, as the context may require.
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Interest Only Class. The Class 1-A-3, Class 1-A-5, Class 1-A-8, Class D-B-1X, Class D-B-2X, Class D-B-3X, Class 2-A-2, Class 3-A-4, Class 3-A-5, Class 3-A-7, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-14, Class 3-A-18, Class 4-A-3, Class 4-A-4, Class 4-A-6, Class 4-A-7, Class 4-A-9, Class 4-A-11, Class 4-A-12, Class 4-A-14, Class 4-A-15 and Class 4-A-17 Certificates, as the context may require.
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Interest Only Class. The Class II-IO .
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Interest Only Class. The IO1 Class REMIC Certificate.
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Related to Interest Only Class

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.