Accrued Certificate Interest Clause Samples
The Accrued Certificate Interest clause defines how interest that has accumulated on a certificate, such as a bond or other debt instrument, is calculated and handled up to a specific date. Typically, this clause outlines the method for determining the amount of interest earned but not yet paid to the certificate holder, often in the context of a sale, transfer, or payment event. For example, if a certificate is sold between interest payment dates, the accrued interest ensures the seller receives compensation for the period they held the certificate. This clause ensures fairness and accuracy in financial transactions by clearly allocating interest income to the appropriate party and preventing disputes over interest entitlements.
Accrued Certificate Interest. 4- Adjustable Rate Mortgage Loan.................................-5- Adjustment Date...............................................-5-
Accrued Certificate Interest. 3 Advance ................................................................................................4
Accrued Certificate Interest. 3- Adjusted Mortgage Rate...............................................-3- Advance..............................................................-4- Affiliate............................................................-4- Agreement............................................................-4- Amount Held for Future Distribution..................................-4- Appraised Value......................................................-4- Assignment...........................................................-4- Assignment Agreement.................................................-4- Available Distribution Amount........................................-4- Bankruptcy Amount....................................................-5- Bankruptcy Code......................................................-6- Book-Entry Certificate...............................................-6- Business Day.........................................................-6- Calendar Quarter.....................................................-6-
Accrued Certificate Interest. 2 Advance...................................................................... 3 Agreement.................................................................... 3 Anniversary.................................................................. 3 Assignment................................................................... 3
Accrued Certificate Interest. 5 Administration .................................................................................5 Administration .................................................................................5 Affiliate.......................................................................................6 Agreement.......................................................................................6
Accrued Certificate Interest. 3 Adjusted Class A-4 Percentage ............................................ 3
Accrued Certificate Interest. 4- Adjustment Date...............................................................................-4- Administration Fee............................................................................-5- Administration Fee Rate.......................................................................-5- Affiliate.....................................................................................-5- Aggregate Loss Severity Percentage............................................................-5- Agreement.....................................................................................-5- Allocated Realized Loss Amount................................................................-5- Assignment....................................................................................-5- Available Distribution Amount.................................................................-6- Bankruptcy Code...............................................................................-6- Bankruptcy Loss...............................................................................-6-
Accrued Certificate Interest. 4- Adjustable-Rate Mortgage Loan....................................................................-4- Adjustment Date..................................................................................-4- Advancing Person.................................................................................-4- Affiliate........................................................................................-5- Aggregate Loss Severity Percentage...............................................................-5- Agreement........................................................................................-5- Assignment.......................................................................................-5- Available Distribution Amount....................................................................-5- Bankruptcy Code..................................................................................-6- Bankruptcy Loss..................................................................................-6- Book-Entry Certificate...........................................................................-6- Book-Entry Custodian.............................................................................-6- Business Day.....................................................................................-6- Cash-Out Refinancing.............................................................................-6- Certificate......................................................................................-6- Certificate Factor...............................................................................-6- Certificateholder" or "Holder....................................................................-7- Certificate Owner................................................................................-7- Certificate Principal Balance....................................................................-7- Certificate Register.............................................................................-7- Class ........................................................................................-7- Class A Certificate..............................................................................-7- Class A Principal Distribution Amount............................................................-7- Class CE Certificate.............................................................................-8- Class A-IO Certificate.........................................................
Accrued Certificate Interest. 5 Additional Class A-WAC Distribution Amount ...................... 6
Accrued Certificate Interest. 3 Adjusted Mortgage Rate..................................................................3