Common use of Initial Interest Accrual Period Clause in Contracts

Initial Interest Accrual Period. The initial Interest Accrual Period for the Series 2007-1 Class A-2 Notes will be the period from and including the Series 2007-1 Closing Date to but excluding the Payment Date occurring in January 2008 (which pursuant to Section 7.16 shall be January 22, 2008).

Initial Interest Accrual Period. The initial Interest Accrual Period for applicable to the related Class of Series 2007-1 Class A-2 M-1 Notes will be the period from and including the Series 2007-1 Closing Date to but excluding the Payment Date occurring in January 2008 (which pursuant to Section 7.16 shall be January 22, 2008).