Class A-2 Interest Distribution Amount definition

Class A-2 Interest Distribution Amount. With respect to any Distribution Date, an amount equal to the sum of (i) the Interest Distribution Amount for such Distribution Date for the Class A-2 Certificates and (ii) the Interest Carry Forward Amount with respect to the Class A-2 Certificates.
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Class A-2 Interest Distribution Amount means, with respect to the Class A-2 Certificates for any Remittance Date an amount equal to the aggregate of interest accrued at the Class A-2 Pass-Through Rate during the Accrual Period on the Class A-2 Principal Balance excluding (i) any Mortgage Loan Interest Shortfall and (ii) any reductions in interest resulting from the application of the Civil Relief Act, in each case allocable to the Class A-2 Certificates and as of such Remittance Date.
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Class A-2 Interest Distribution Amount. As to any Distribution Date, an -------------------------------------- amount equal to the sum of (a) one month's interest at the Class A-2 Pass- Through Rate on the Class A-2 Certificate Balance as of such Distribution Date (after giving effect to the principal distributions on the previous Distribution Date) and (b) any Class A-2
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Examples of Class A-2 Interest Distribution Amount in a sentence

  • To evidence such subrogation, the Trustee shall note the Insurer's rights as subrogee upon the register of Certificateholders upon receipt from the Insurer of proof of payment by the Insurer of any Class A-1 Interest Distribution Amount, Class A-2 Interest Distribution Amount, Class A-3 Interest Distribution Amount or Formula Principal Distribution Amount.

  • Following a Swap Default under the Swap Contract or other default or event of termination of the Swap Contract, and during the period when the Trustee is pursuing remedies under such Swap Contract, the Class A-2 Interest Distribution Amount for each Class A-2 Certificate shall equal the Distributable Certificate Interest Amount for the Class A-2 Regular Interest, until such time as the conditions giving rise to such Swap Default or other default have been cured.

  • The redemption price of the Class A-2 Notes shall be calculated on the related Determination Date and shall be equal to the Aggregate Outstanding Amount of the Class A-2 Notes to be redeemed, together with the Class A-2 Interest Distribution Amount (plus any Class A-2 Defaulted Interest Amount) due on that day of redemption.


More Definitions of Class A-2 Interest Distribution Amount

Class A-2 Interest Distribution Amount. On each Payment Date, the amount due to Holders of the Class A-2 Notes on account of interest equal to the product of (i) the Aggregate Outstanding Amount of the Class A-2 Notes with respect to the related Interest Accrual Period, (ii) the actual number of days in such Interest Accrual Period divided by 360 and (iii) the Class A-2 Rate.
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Class A-2 Interest Distribution Amount. With respect to the Class A-2 Certificates for any Distribution Date an amount equal to (a) the related Class A-2 Current Interest, minus (b) the pro rata portion of any Mortgage Loan Interest Shortfalls allocable to the Class A-2 Certificates, on the basis of accrued interest thereon, plus (c) any Class A-2 Carry-Forward Amount, minus (d) any amounts paid by the Certificate Insurer in respect of such Class A-2 Carry-Forward Amount, in each case as of such Distribution Date.
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Class A-2 Interest Distribution Amount. With respect to the Class A-2 Certificates for any Distribution Date an amount equal to (a) the related Class A-2 Current Interest, minus (b) the amount of any Class A-2 Mortgage Loan Interest Shortfalls, if any, plus (c) any Class A-2 Carry-Forward Amount, less (d) any amounts paid by the Certificate Insurer in respect of such Class A-2 Carry-Forward Amount.
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Class A-2 Interest Distribution Amount. With respect to the Class A-2 Notes for any Distribution Date, an amount equal to (a) the related Class A-2 Current Interest, less the Class A-2 Mortgage Loan Interest Shortfall Amount.
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Class A-2 Interest Distribution Amount. As of any Payment Date, interest accrued during the related Accrual Period at the Class A-2 Pass-Through Rate on the Class A-2 Principal Balance immediately prior to such Payment Date.
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Class A-2 Interest Distribution Amount. As of any Payment Date, interest accrued during the related Accrual Period at the Class A-2 Pass-Through Rate on the Class A-2 Principal Balance immediately prior to such Payment Date. The Class A-2 Interest Distribution Amount does not include interest shortfalls, if any, on the Mortgage Loans in Group I arising from Prepayments of principal or Relief Act Shortfalls to the extent such shortfalls are not covered by Compensating Interest or Group I Available Funds.
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Class A-2 Interest Distribution Amount. As to any Distribution Date, an amount equal to the sum of (a) one month's interest at the Class A-2 Pass-Through Rate on the Class A-2 Certificate Balance as of such Distribution Date (before giving effect to the principal distributions on such Distribution Date) and (b) any Class A-2
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