Certificate Interest Distributable Amount definition
Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.
Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of (i) an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the Original Certificate Balance) and (ii) the Certificate Interest Carryover Shortfall for such Distribution Date.
Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Certificate Quarterly Interest Distributable Amount for such Distribution Date and the Certificate Interest Carryover Shortfall for such Distribution Date. Interest with respect to the Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of this Agreement and the other Basic Documents.
More Definitions of Certificate Interest Distributable Amount
Certificate Interest Distributable Amount means, with respect to any Distribution Date, interest accrued for the related Accrual Period at the Certificate Rate on the Certificate Balance on the immediately preceding Distribution Date after giving effect to all payments of principal to Certificateholders on or prior to such Distribution Date (or, in the case of the first Distribution Date, on the Original Certificate Balance).
Certificate Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Principal Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the original Certificate Principal Balance).
Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of (i) an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the original Certificate Balance) and ii) the Certificate Interest Carryover Shortfall for such Distribution Date. Interest with respect to the Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of this Agreement and the other Basic Documents.
Certificate Interest Distributable Amount. For any Distribution Date, the sum of (i) thirty (30) days of interest at the Certificate Rate on the Certificate Balance on such Distribution Date (before reduction of the Certificate Balance by any distributions made on such Distribution Date), (ii) the Certificate Interest Carryover Shortfall and (iii) interest on the Certificate Interest Carryover Shortfall at the Certificate Rate from the preceding Distribution Date through the current Distribution Date, to the extent permitted by law. Certificate Percentage: 91%.
Certificate Interest Distributable Amount means [the Certificate Interest Amount] [insert Certificate Interest Distributable Amount formula].
Certificate Interest Distributable Amount. For any Distribution Date, the sum of (i) thirty (30) days of interest (or, in the case of the initial Distribution Date, the number of days from and including the Closing Date to but not including such initial Distribution Date) at the Certificate Rate on the Certificate Balance on such Distribution Date (before reduction of the Certificate Balance by any distributions made on such Distribution Date), (ii) the Certificate Interest Carryover Shortfall and (iii) interest on the Certificate Interest Carryover Shortfall at the Certificate Rate from the preceding Distribution Date through the current Distribution Date, to the extent permitted by law. Certificate Percentage: 91%.