Common use of Calculations Respecting Accrued Interest Clause in Contracts

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Notes shall be calculated based upon a 360-day year and the actual number of days in each Interest Accrual Period.

Appears in 9 contracts

Sources: Sale and Servicing Agreement (Thornburg Mortgage Securities Corp), Sale and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Notes any Note shall be calculated based upon a 360-day year and the actual number of days in each Interest Accrual Period.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1), Sale and Servicing Agreement (New York Mortgage Trust 2005-2)

Calculations Respecting Accrued Interest. Accrued interest, if any, on the Notes shall be calculated based upon a 360-360 day year and the actual number of days in each Interest Accrual Period.

Appears in 2 contracts

Sources: Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Lehman Abs Corp)