Interest Payment Amount definition

Interest Payment Amount means, for a Class of Notes and any Payment Date, the Interest Accrual Amount for that Class of Notes, less any Modification Loss Amount for that Payment Date allocated to reduce the Interest Payment Amount for that Class of Notes.

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Interest Payment Amount. With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

Interest Payment Amount. With respect to any Payment Date, an amount equal to interest accrued during the related Interest Period on the Note Principal Balance thereof at the then-applicable Note Interest Rate, minus any Prepayment Interest Shortfalls and Relief Act Shortfalls to the extent not covered by the Master Servicer by Compensating Interest for such Payment Date.

Examples of Interest Payment Amount in a sentence

• In the event such investment earnings for any Payment Date are less than the aggregate Interest Payment Amount for such Payment Date, the deficiency will be paid from earnings on the remaining assets contributed by ▇▇▇▇▇▇ ▇▇▇ to the Trust Estate (including the IO Q-REMIC Interest but excluding the Subordinate Q-REMIC Interest) and, to the extent earnings on the Trust Estate assets are insufficient for such purpose, by ▇▇▇▇▇▇ ▇▇▇.

• In the event such investment earnings for any Payment Date are less than the aggregate Interest Payment Amount for such Payment Date, the deficiency will be paid from earnings on the remaining assets contributed by ▇▇▇▇▇▇ ▇▇▇ to the Trust Estate (including the IO Q-REMIC Interest but excluding the Subordinate Q- REMIC Interest) and, to the extent earnings on the Trust Estate assets are insufficient for such purpose, by ▇▇▇▇▇▇ ▇▇▇.

• In the event such investment earnings for any Payment Date are less than the aggregate Interest Payment Amount for such Payment Date, the deficiency will be paid from earnings on the remaining assets contributed by ▇▇▇▇▇▇ ▇▇▇ to the Trust Estate (including the IO Q-REMIC Interest and the Legacy X-IO Interest, but excluding the Subordinate Q-REMIC Interest) and, to the extent earnings on the Trust Estate assets are insufficient for such purpose, by ▇▇▇▇▇▇ ▇▇▇.

More Definitions of Interest Payment Amount

Interest Payment Amount. For any Series or Class of Notes, as applicable and with respect to any Payment Date:

Interest Payment Amount. With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Interest Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class’s share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.

Interest Payment Amount. With respect to any Payment Date, the sum of the Daily Interest Accrual Amounts for all days in the related Accrual Period.

Interest Payment Amount. The Class A-1 Interest Payment Amount or Class A-2 Interest Payment Amount, as applicable.

Interest Payment Amount means, subject to Condition 6 (Interest Cancellation) and Condition 7 (Payments), the interest payable on each Interest Payment Date;

Interest Payment Amount. For any Payment Date and Class of Notes, an amount equal to the Accrued Note Interest for such Class of Notes on such Payment Date, plus the Unpaid Interest Shortfall Amount for such Class of Notes as of such Payment Date.

Interest Payment Amount means, with respect to each outstanding Class of Notes and any Premium Payment Date, an amount equal to the Interest Accrual Amount for such Class of Notes on such Premium Payment Date, less any Modification Loss Amount for such Premium Payment Date allocated to reduce the Interest Payment Amount for such Class of Notes pursuant to the priorities set forth under Article VI(C)(1), or plus any Modification Gain Amount for such Premium Payment Date allocated to increase the Interest Payment Amount of such Class of Notes pursuant to the priorities set forth under Article VI(C)(2).