Common use of Interest Accrual Period Clause in Contracts

Interest Accrual Period. (i) With respect to each Class of Certificates (other than the LIBOR Certificates), the Subsidiary REMIC Regular Interests, the Middle REMIC Regular Interests and any Distribution Date, the period from and including the first day of the month immediately preceding the month in which such Distribution Date occurs, commencing March 1, 2006, to and including the last day of such immediately preceding month, on the basis of a 360-day year consisting of twelve 30-day months and (ii) with respect to the LIBOR Certificates and any Distribution Date, the period from and including the Distribution Date of the month immediately preceding the month in which such Distribution Date occurs (and in the case of the first Distribution Date, the 25th day of the preceding calendar month) to and including the day preceding such Distribution Date, provided that each Interest Accrual Period for the LIBOR Certificates will be treated as being a 30-day period.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)

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Interest Accrual Period. (i) With respect to each Class of Certificates (other than the LIBOR No-Delay Certificates), the Subsidiary REMIC Regular Interests, the Middle REMIC Regular Interests and any Distribution Date, the period from and including the first day of the month immediately preceding the month in which such Distribution Date occurs, commencing March May 1, 2006, to and including the last day of such immediately preceding month, on the basis of a 360-day year consisting of twelve 30-day months and (ii) with respect to the LIBOR No-Delay Certificates and any Distribution Date, the period from and including the Distribution Date of the month immediately preceding the month in which such Distribution Date occurs (and in the case of the first Distribution Date, the 25th 26th day of the preceding calendar month) to and including the day preceding such Distribution Date, provided that each Interest Accrual Period for the LIBOR No-Delay Certificates will be treated as being a 30-day period.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2)

Interest Accrual Period. (i) With respect to each Class of Certificates (other than the LIBOR No-Delay Certificates), the Subsidiary REMIC Regular Interests, the Middle REMIC Regular Interests and any Distribution Date, the period from and including the first day of the month immediately preceding the month in which such Distribution Date occurs, commencing March January 1, 20062007, to and including the last day of such immediately preceding month, on the basis of a 360-day year consisting of twelve 30-day months and (ii) with respect to the LIBOR No-Delay Certificates and any Distribution Date, the period from and including the Distribution Date of the month immediately preceding the month in which such Distribution Date occurs (and or, in the case of the first Distribution Date, the 25th day of the preceding calendar monthFebruary 25, 2007) to and including the day preceding such Distribution Date, provided that each Interest Accrual Period for the LIBOR No-Delay Certificates will be treated as being a 30-day period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2007-1)

Interest Accrual Period. (i) With respect to each Class of Certificates (other than the LIBOR No-Delay Certificates), the Subsidiary REMIC Regular Interests, the Middle REMIC Regular Interests and any Distribution Date, the period from and including the first day of the month immediately preceding the month in which such Distribution Date occurs, commencing March October 1, 2006, to and including the last day of such immediately preceding month, on the basis of a 360-day year consisting of twelve 30-day months and (ii) with respect to the LIBOR No-Delay Certificates and any Distribution Date, the period from and including the Distribution Date of the month immediately preceding the month in which such Distribution Date occurs (and or, in the case of the first Distribution Date, the 25th day of the preceding calendar monthOctober 25, 2006) to and including the day preceding such Distribution Date, provided that each Interest Accrual Period for the LIBOR No-Delay Certificates will be treated as being a 30-day period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-3)

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Interest Accrual Period. (i) With respect to each Class of Certificates (other than the LIBOR Certificates), the Subsidiary REMIC Regular Interests, the Middle REMIC Regular Interests and any Distribution Date, the period from and including the first day of the month immediately preceding the month in which such Distribution Date occurs, commencing March November 1, 20062005, to and including the last day of such immediately preceding month, on the basis of a 360-day year consisting of twelve 30-day months and (ii) with respect to the LIBOR Certificates and any Distribution Date, the period from and including the Distribution Date of the month immediately preceding the month in which such Distribution Date occurs (and in the case of the first Distribution Date, the 25th day of the preceding calendar month) to and including the day preceding such Distribution Date, provided that each Interest Accrual Period for the LIBOR Certificates will be treated as being a 30-day period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-6)

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